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The global animal feed market size was estimated at USD 570.72 billion in 2022 and is anticipated to grow at a CAGR of 4.6% from 2023 to 2030.
- Animal Feed Industry Overview & Growth (Data Book 2030)
The economic value generated by the animal feed industry was...
- Animal Feed Industry Overview & Growth (Data Book 2030)
Market Overview: The global animal feed market size reached US$ 518.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 674.7 Billion by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2024-2032.
- The global animal feed market was valued at US$ 501.9 Billion in 2022.
- We expect the global animal feed market to exhibit a CAGR of 3.3% during 2023-2028.
- The rising demand for meat and animal-based products and the consequent increase in commercial livestock production represent some of the factors d...
- The sudden outbreak of the COVID-19 pandemic has led to the shifting consumer inclination from conventional brick-and-mortar distribution channels...
- Based on the form, the global animal feed market can be segmented into pellets, crumbles, mash, and others. Currently, pellets hold the majority of...
- Based on the animal type, the global animal feed market has been divided into swine, ruminants, poultry, aquaculture, and others, where poultry exh...
- Based on the ingredient, the global animal feed market can be categorized into cereals, oilseed meal, molasses, fish oil and fish meal, additives,...
- On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia...
- Some of the major players in the global animal feed market include Archer-Daniels-Midland Company, Cargill Incorporated, Charoen Pokphand Group, Du...
Animal Feed Market Outlook (2023 to 2033) The global animal feed market size is anticipated to cross a valuation of US$ 530.0 billion in 2023. It is estimated to reach a valuation of US$ 929.0 billion by 2033. The market is expected to witness a decent CAGR of 7.3% from 2023 to 2033.
- US$ 530.0 billion
- 7.3%
- US$ 929.0 billion
The global animal feed market size was USD 448.61 billion in 2023, calculated at USD 465.65 billion in 2024 and is expected to reach around USD 705.15 billion by 2034, expanding at a CAGR of 4% from 2024 to 2034.
The economic value generated by the animal feed industry was estimated at approximately USD 570.72 billion in 2022. This economic output is an amalgamation of basic animal feed categories namely, poultry feed, cattle feed, swine feed, aquafeed, and pet food.
The Animal Nutrition Association of Canada (ANAC) is the national trade association of the Canadian livestock feed industry. The association’s members include feed and ingredient manufacturers and distributors, and suppliers of a wide range of goods and services to the feed industry.
The animal feed market is expected to grow at a CAGR of 3.80% from US$405.034 billion in 2022 to US$525.781 billion in 2029. Animal feed plays a major role in global food production as it enables the economic production of animal additives.
