Global Animal Feed Market, By Product (Cereal Grains, Protein Meals, Milk Replacer, Feed Additives, and Others), Animal Type (Ruminants, Swine, Poultry, Aquaculture, Pets, Equine, and Others), Mode of Delivery (Premixes, Oral Powder, and Oral Solutions), Form (Liquid, Dry, Frozen, Pellet, Crumbles, and Mash), Source (Animal-Based and Plant-Based), Nature (Organic and Conventional), Lifecycle (Grower Feed, Finisher Feed, Starter Feed, and Breeder Feed), End User, (Feed Manufacturers, Contract Manufacturers, Livestock Producers, and Others), Distribution Channel (Indirect and Direct) - Industry Trends and Forecast to 2030.
Animal Feed Market Analysis and Insights
The global animal feed market is expected to grow in the forecast period due to the modernization and growth of the aquaculture and livestock feed sectors and the increase in demand for organic feed ingredients. The market is also influenced by outbursts of diseases via animals is contributing to the increase in the adoption of animal feed. However, the high cost of raw materials and low counterfeit products are expected to restrain market growth.
Data Bridge Market Research analyzes that the global animal feed market is expected to grow at a CAGR of 6.6% during the forecast period of 2023 to 2030.
Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in Million, and Pricing in USD
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Segments Covered
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Product (Cereal Grains, Protein Meals, Milk Replacer, Feed Additives, and Others), Animal Type (Ruminants, Swine, Poultry, Aquaculture, Pets, Equine, and Others), Mode of Delivery (Premixes, Oral Powder, and Oral Solutions), Form (Liquid, Dry, Frozen, Pellet, Crumbles, and Mash), Source (Animal-Based and Plant-Based), Nature (Organic and Conventional), Lifecycle (Grower Feed, Finisher Feed, Starter Feed, and Breeder Feed), End User, (Feed Manufacturers, Contract Manufacturers, Livestock Producers, and Others), Distribution Channel (Indirect and Direct)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Norway, Denmark, Sweden, Finland, Poland, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Taiwan, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, and Rest of Middle East and Africa
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Market Players Covered
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Cargill, Incorporated., ADM, Charoen Pokphand Foods PCL., BASF SE, De Heus Animal Nutrition, JAPFA LTD, Yara, Evonik Industries AG, DSM, Phibro Animal Health Corporation., NOVUS INTERNATIONAL, INC., Purina Animal Nutrition LLC, Kemin Industries, Inc., Weston Stockfeed New Zealand, Kent Nutrition Group., Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH, Perstorp, Alltech., nutrex.eu, Henraajh Feeds India Pvt. Ltd., Vetsfarma Ltd., and Nutreco among others
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Market Definition
Animal feed refers to specially formulated food given to animals, including livestock and pets, to provide essential nutrients for their growth, maintenance, and overall health. It serves as the primary source of proteins, carbohydrates, fats, vitamins, and minerals required for proper development and reproduction. It comes in various forms, such as grains, forage, protein sources, fats, mineral supplements, and vitamins. The composition of animal feed is tailored to meet the specific dietary needs of different animals at various life stages. Providing balanced and nutritious feed is vital for the well-being and productivity of animals, supporting industries such as agriculture and livestock farming. Ensuring the quality and safety of animal feed production is essential to sustain animal health and the overall food supply chain.
Global Animal Feed Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
DRIVERS
- Modernization and Growth of the Aquaculture and Livestock Feed Sectors
The modernization and growth of the aquaculture and livestock feed sectors play a crucial role in driving market growth. The demand for animal protein is steadily increasing, leading to a surge in aquaculture and livestock production as the global population continues to grow. These industries heavily rely on nutritious and efficient animal feed to optimize productivity and meet the escalating demands
Advancements in technology have also played a pivotal role in boosting the aquaculture and livestock feed sectors, thereby driving market growth. Modern feed formulation techniques now take into account the specific nutritional requirements of different species, ensuring optimal growth, reproductive performance, and overall health. These advancements have led to the production of specialized feeds that cater to the diverse needs of various animals, further fueling demand in the market. In addition, the modernization of aquaculture and livestock feed production methods has enabled greater efficiency in converting feed into animal biomass. Improved feed conversion ratios translate to reduced feed wastage and better resource utilization, making these industries more economically viable and attractive to farmers and feed manufacturers
Thus, the increasing demand for animal protein, coupled with technological advancements, and sustainability initiatives is expected to drive market growth
- Rapid Increasing Population of Pets and Domesticated Animals
The rising human population and increasing urbanization have led to a surge in pet ownership worldwide. Pets, such as dogs and cats, are now considered essential members of many families, driving the demand for pet food. Similarly, the demand for meat and dairy products from domestic animals such as poultry, cattle, and pigs has also risen due to the growing global population and changing dietary preferences. With an increasing population, the demand for animal-derived products such as meat, milk, and eggs has also grown. Livestock production has intensified, resulting in higher requirements for animal feed to meet this demand. Livestock animals need a balanced and nutritious diet to ensure their health, growth, and productivity, which drives the demand for animal feed.
Thus, the increasing population of pets and domestication of animals requires high feed rates for the hygienic growth of farm animals, which is expected to drive market growth globally.
OPPORTUNITY
- Increasing Investments in R&D
Increasing investment in R&D serves as a potent opportunity for the market. R&D efforts focus on enhancing the quality, efficiency, and sustainability of animal feed and nutrition. Improved nutrition and feed efficiency lead to healthier animals and reduced costs for farmers and producers. Research also identifies additives that promote animal health and welfare, ensuring higher productivity.
Various feed manufacturers, stakeholders, feed suppliers, distributors, feed and processing equipment, and technology manufacturers are engaged in investing huge sums of money in R&D activities for the innovation and development of their products to enhance their revenue and product portfolio. Furthermore, R&D helps ensure compliance with evolving regulations, guaranteeing safe and high-quality animal feed products. Consequently, increased R&D investment propels innovation, efficiency, and sustainability in the animal feeding market, catering to the rising demand for animal-based products while addressing resource constraints and environmental concerns.
The companies are expanding their product portfolio in the market to enhance their revenue cycle through high investments in R&D activities, which is expected to act as an opportunity for market growth
RESTRAINT/CHALLENGE
- Low-quality Counterfeit Products
The availability of low-quality counterfeit products of animal nutrition in the market may restrict the market growth. The consumption of the low-quality imitated product could lead to health problems in animals such as increased toxicity, infertility, compromised immunity, and others which can directly impact the production of livestock. The studies have also shown that feeding poor-quality protein sources to animals will offset the concentration of dietary protein and may lead to health-related issues in animals. The availability of low-quality and cheap imitated animal nutrition products in the market makes it hard for other manufacturers to grow in the market.
Counterfeit animal feed products may lack essential nutrients or contain harmful substances, leading to inadequate nutrition and compromised animal health. Animals fed with low-quality counterfeit feeds are more susceptible to diseases, reduced growth rates, and lower productivity, affecting the overall performance of livestock and poultry. Animal nutrients are dietary needs for an animal that is essential for their proper development and forgery in those products or use of low-quality raw material could lead to improper growth and development in an animal which may directly impact the market growth.
Recent Developments
- In June 2023, Alltech announced the launch of Triad, a new swine product for successful farrowing and pig livability
- In November 2022, Alltech, a global leader in the agriculture industry for more than 40 years, is proud to introduce Egalis, a new range of high-quality silage inoculants that maximize nutrient quality, increase forage stability and reduce dry matter loss to help maintain optimal animal performance
Global Animal Feed Market Segmentation
The global animal feed market is segmented into nine notable segments based on product, animal type, mode of delivery, form, source, nature, lifecycle, end user, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Product
- Cereal Grains
- Protein Meals
- Milk Replacer
- Feed Additives
- Others
On the basis of product, the market is segmented into cereal grains, protein meals, milk replacer, feed additives, and others.
Animal Type
- Ruminants
- Swine
- Poultry
- Aquaculture
- Pets
- Equine
- others
On the basis of animal type, the market is segmented into ruminants, swine, poultry, aquaculture, pets, equine, and others.
Mode of Delivery
- Premixes
- Oral Powder
- Oral Solution
On the basis of mode of delivery, the market is segmented into premixes, oral powder, and oral solutions.
Form
- Liquid
- Dry
- Frozen
- Pellet
- Crumbles
- Mash
On the basis of form, the market is segmented into liquid, dry, frozen, pellet, crumbles, and mash.
Source
- Animal-Based
- Plant-Based
On the basis of source, the market is segmented into animal-based and plant-based.
Nature
- Conventional
- Organic
On the basis of nature, the market is segmented into organic and conventional.
Life Cycle
- Grower Feed
- Finisher Feed
- Starter Feed
- Breeder Feed
On the basis of lifecycle, the market is segmented into grower feed, finisher feed, starter feed, and breeder feed.
End User
- Feed Manufacturers
- Contract Manufacturers
- Livestock Producers
- Others
On the basis of end user, the market is segmented into feed manufacturers, contract manufacturers, livestock producers, and others.
Distribution Channel
- Indirect
- Direct
On the basis of distribution channel, the market is segmented into indirect and direct.
Global Animal Feed Market Regional Analysis/Insights
The global animal feed market is segmented into nine notable segments based on product, animal type, mode of delivery, form, source, nature, lifecycle, end user, and distribution channel.
The countries covered in this market report are the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Denmark, Sweden, Poland, Finland, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Vietnam, Taiwan, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, U.A.E., Kuwait, Saudi Arabia, Egypt, Israel, and Rest of Middle East and Africa.
Asia-Pacific is expected to dominate the global animal feed market due to the increasing research in the field of animal feed and development. China is expected to dominate the Asia-Pacific region due to the rise in healthcare expenditure and the rapidly increasing population of pets and domesticated animals. Russia is expected to dominate the Europe region due to increasing technology and reliable services. The U.S. is expected to dominate the North America region due to the modernization and growth of aquaculture and livestock feed sectors
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands and the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Animal Feed Market Share Analysis
The global animal feed market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the market.
Some of the major market players operating in the market are Cargill, Incorporated., ADM, Charoen Pokphand Foods PCL., BASF SE, De Heus Animal Nutrition, JAPFA LTD, Yara, Evonik Industries AG, DSM, Phibro Animal Health Corporation., NOVUS INTERNATIONAL, INC., Purina Animal Nutrition LLC, Kemin Industries, Inc., Weston Stockfeed New Zealand, Kent Nutrition Group., Biochem Zusatzstoffe Handels- und Produktionsgesellschaft mbH, Perstorp, Alltech., nutrex.eu, Henraajh Feeds India Pvt. Ltd., Vetsfarma Ltd., and Nutreco among others.
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