Resources
About Us
Meticulous Research®—a leading global market research company, published a research report titled ‘Animal Feed Market Size, Share, Forecast, & Trends Analysis by Type (Compound Feed, Roughages), Source (Plant, Animal, Novel), Form (Dry (Pellets), Wet), Animal Type (Poultry, Ruminants (Beef, Dairy Cattle), Swine, Aquaculture) - Global Forecast to 2031.’
According to this latest publication from Meticulous Research®, the animal feed market is projected to reach $1,008.8 billion by 2031, at a CAGR of 4.7% from 2024–2031. In terms of volume, the animal feed market is projected to reach 2,965 million tons by 2031, at a CAGR of 3.1% during the forecast period of 2024–2031. The growth of this market is driven by the increasing commercialization of the livestock sector, the rising demand for animal-based products, and the growing focus on research & development in the animal feed sector. However, fluctuating raw material prices restrain the growth of this market. Additionally, the growing awareness about animal health is expected to generate growth opportunities for the players in this market.
Key Players
The key players operating in the global animal feed market are Charoen Pokphand Foods PCL (Thailand), New Hope Liuhe Co., Ltd. (China), Cargill, Incorporated (U.S.), Brf S.A. (Brazil), Tyson Foods, Inc. (U.S.), Nutreco N.V. (Netherlands), Archer-Daniels-Midland Company (U.S.), Alltech Inc. (U.S.), ForFarmers N.V. (Netherlands), De Heus Animal Nutrition (Netherlands), Royal Agrifirm Group (Netherlands), and Guangdong HAID Group Co., Ltd. (China).
The global animal feed market is segmented by type, source, form, animal type, and geography.
Based on type, the animal feed market is segmented into compound feed, feed concentrates, and roughages. In 2024, the compound feed segment is expected to account for the largest share of 71.8% of the global animal feed market. The large share of the compound feed segment is attributed to their comparatively higher price and rising demand for these formulated feed among commercial livestock farmers and pet owners to ensure appropriate nutrition for animals for faster and healthy growth because of the rising prevalence of animal diseases, the growing rate of livestock industrialization, and the high demand for quality meat and dairy products. However, the feed concentrates segment is projected to register the highest CAGR of 5.4% during the forecast period.
Based on source, the animal feed market is segmented into plant-based, animal-based, fodder & DDGS, and novel sources. In 2024, the plant-based segment is expected to account for the largest share of 69.9% of the global animal feed market. The large market share of this segment is attributed to the abundant availability of raw materials, widespread acceptance of plant-based animal feed, and low cost of plant-based feed sources.
However, the novel sources segment is projected to register the highest CAGR of 6.0% during the forecast period of 2024–2031. The growth of this segment is attributed to the high nutritional profiles of novel sources, government approvals to integrate these innovative sources into feed products, and the need to explore new protein sources to meet the rising global demand for animal protein due to the rapid population growth.
Based on form, the animal feed market is segmented into dry feed and wet feed. In 2024, the dry feed segment is expected to account for the larger share of 92.7% of the global animal feed market. The large share of this segment is attributed to convenience for handling, storage & transport, and longer shelf life, less cost, nutrient stability, controlled feeding, higher nutritional density, and bulk purchase. Moreover, this segment is also expected to register the highest CAGR of 4.8% during the forecast period of 2024–2031. The rapid growth of this market is mainly attributed to increasing demand from the poultry sector and an increase in commercial livestock production.
Based on animal type, the animal feed market is segmented into poultry, ruminants, swine, aquaculture, and other types. In 2024, the poultry segment is expected to account for the largest share of 32.9% of the global animal feed market. The large share of this segment is attributed to increasing demand for poultry meat-based products, lower-cost poultry meat, increasing poultry expansion projects, and a shift in customer taste toward white meat rather than red meat.
Based on region, the animal feed market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of 39.2% of the global animal feed market. The Asia-Pacific animal feed market is estimated to be worth USD 286.2 billion in 2024. Asia-Pacific’s major market share is attributed to the increased consumption of meat and other animal products by a growing population, high milk production, the growth of the livestock farming industry in the region, and the presence of major animal feed producers in Asia-Pacific.
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5393
Key Questions Answered in the Report:
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Beet Gummies Market to Reach $217.6 Million by 2031
Read MoreEgg Replacers Market to Reach $2.27 Billion by 2031
Read MoreStarch Derivatives Market to Reach $70.48 Billion by 2031
Read MoreADHD Supplements Market to Reach $0.97 Billion by 2031
Read MoreGlycolic Acid Market to Reach $754.8 Billion by 2031
Read MoreMushroom Coffee Market to Reach $4.26 Billion by 2031
Read MoreFood Subscription Services Market to Reach $12.75 Billion by 2031
Read MoreCreatine Gummies Market to Reach $168.2 Million by 2031
Read MoreGluten-free Pasta Market to Reach $1,507.2 Million by 2031
Read MoreBeta Glucan Market to Reach $773.8 Million by 2031
Read MoreCannabidiol Market to Reach $71.06 Billion by 2031
Read MoreLactic Acid Market to Reach $10.64 Billion by 2031
Read MoreGluten-free Products Market to Reach $13.08 Billion by 2031
Read MoreFood Fortification Market to Reach $207.58 Billion by 2031
Read MoreScotch Whiskey Market to Reach $22.83 Billion by 2031
Read MoreHarvester Market to Reach $42.51 Billion by 2031
Read MorePet Supplements Market to Reach $4.68 Billion by 2031
Read MoreFood Preservatives Market to Reach $4.19 Billion by 2031
Read MoreFood Emulsifiers Market to Reach $5.87 Billion by 2031
Read MoreVegan Yogurt Market to Reach $8.85 Billion by 2031
Read MoreMeal Replacement Products Market to Reach $32.2 Billion by 2031
Read MoreFood Antioxidants Market to Reach $3.08 Billion by 2031
Read MoreSpecialty Enzymes Market to Reach $6.47 Billion by 2031
Read MoreFish Oil Market to Reach $4.51 Billion by 2031
Read MoreAlmond Milk Market to Reach $33.08 Billion by 2031
Read MoreBreakfast Cereals Market to Reach $54.24 Billion by 2031
Read MoreProtein Hydrolysates Market to Reach $1.07 Billion by 2031
Read MoreBotanical Supplements Market to Reach $81.6 Billion by 2031
Read MoreDextrin Market to Reach $4 Billion by 2031
Read MoreVitamins Market to Reach $26.03 Billion by 2031
Read MoreDietary Supplements Market to Reach $166.58 Billion by 2031
Read MoreMonk Fruit Sweeteners Market to Reach $147.2 Million by 2031
Read MoreFood Coating Market to Reach $5.92 Billion by 2031
Read MoreSavory Ingredients Market to Reach $13.38 Billion by 2031
Read MoreNatural Flavors Market to Reach $12.05 Billion by 2031
Read MoreKombucha Market to Reach $12.36 Billion by 2031
Read MoreEnergy Drinks Market to Reach $122.54 Billion by 2031
Read MoreSports Nutrition Market to Reach $82.35 Billion by 2031
Read MoreBotanicals Market to Reach $24.97 Billion by 2031
Read MorePlant-based Cheese Market to Reach $8.62 Billion by 2031
Read MoreNon-alcoholic Wine Market to Reach $2.61 Billion by 2031
Read MoreFrozen Dough Market to be Worth $37.8 Billion by 2031
Read MoreMarine Collagen Market to be Worth $2.32 Billion by 2031
Read MorePlant Extracts Market to Reach $63.26 Billion by 2031
Read MoreYeast Extract Market to Reach $2.92 Billion by 2031
Read MoreFood Packaging Market to Reach $698.4 Billion by 2031
Read MoreLecithin Market to Reach $2.91 Billion by 2031
Read MoreGelatin Market to be Worth $7.46 Billion by 2031
Read MoreAquafeed Market to be Worth $122.54 Billion by 2031
Read MoreBaby Food Market to be Worth $120.1 Billion by 2031
Read MoreOleoresins Market to Reach $2.49 Billion by 2031
Read MoreVegan Food Market to be Worth $109.4 Billion by 2031
Read MoreFruit Extracts Market to be Worth $31.11 Billion by 2031
Read MoreMoringa Extract Market to be Worth $10.65 Billion by 2031
Read MoreDTC Food Market to be Worth $195.39 Billion by 2031
Read MoreSuperfoods Market to Reach $281.9 Billion by 2030
Read MorePlant-based Meat Market to Reach $27.14 Billion by 2031
Read MoreEurope Seaweed Market to Reach $5.65 Billion by 2030
Read MoreAstaxanthin Market Worth $1.34 Billion by 2030
Read MoreVitamin D Market Worth $2.43 billion by 2030
Read MoreCarotenoids Market Worth $2.26 Billion by 2030
Read MoreAlgae Market Worth $29.8 billion by 2030
Read MoreFunctional Beverages Market Worth $179.8 Billion by 2029
Read MoreSavory Snacks Market Worth $347.2 Billion by 2029
Read MoreAnimal Feed Market to be Worth $1,008.8 Billion by 2031
Read MoreHealthy Snacks Market Worth $152.08 Billion by 2029
Read MoreEnzymes Market Worth $18.38 billion by 2029
Read MorePea Starch Market Worth $307.4 Million by 2029
Read MoreBakery Premixes Market Worth $547.8 Million by 2029
Read MorePotato Starch Market Worth $5.6 Billion by 2029
Read MorePostbiotics Market to be Worth $24 Million by 2029
Read MoreSugar-free Products Market Worth $65.31 Billion by 2029
Read MoreFrozen Seafood Market to Reach $74.34 Billion by 2029
Read MoreFrozen Ready Meals Market Worth $130.67 Billion by 2029
Read MoreFrozen Food Market to be Worth $447.79 Billion by 2031
Read MorePlant-based Milk Market to Reach $52.54 Billion by 2031
Read MoreLab-grown Meat Market Worth $1.99 Billion by 2035
Read MoreWheat Protein Market Worth $9.5 Billion by 2029
Read MoreBlack Soldier Fly Oil Market Worth $72 Million by 2029
Read MoreInsect Protein Market Worth $9.46 billion by 2030
Read MoreGluten-Free Products Market Worth $10.96 Billion by 2029
Read MoreMeat Market to Reach $1.52 Trillion by 2031
Read MoreEurope Plant-based Foods Market to Reach $21.62 Billion by 2031
Read MoreD-psicose Market Worth $438.1 Million by 2029
Read MoreCrickets Market to Reach $5,923.4 million by 2031
Read MoreNannochloropsis Market to Reach $14 Million by 2031
Read MoreNatural Carotenoids Market Worth $1.9 Billion by 2028
Read MoreStevia Market Worth $1.11 billion by 2028
Read MoreMicroalgae Market to Reach $2.26 Billion by 2031
Read MoreBotanical Extracts Market Worth $10.1 Billion by 2028
Read MoreCBD-infused Products Market to Reach $291.39 Billion by 2031
Read MoreColeus and Turmeric Market Worth $6.9 billion by 2027
Read MoreProtein Ingredients Market Worth $79.7 billion by 2028
Read MoreSugar Substitutes Market Worth $24.1 Billion by 2028
Read MoreChlorella Market Worth $412.3 million by 2028
Read MoreButterfly Pea Flowers Market to Reach $151.7 Billion by 2031
Read MoreSorbitol Market Worth $2.39 billion by 2030
Read MoreTaste Modulators Market to Reach $2.50 Billion by 2031
Read MoreFood Premix Market to be Worth $2.93 billion by 2030
Read MoreDairy Ingredients Market to Reach $93.22 Billion by 2031
Read MoreSpecialty Yeast Market Worth $4.8 billion by 2025
Read MorePea Protein Market to Reach $1.31 Billion by 2031
Read MoreSpirulina Market to Reach $1.20 Billion by 2031
Read MoreFood Flavors Market Worth $20.39 Billion by 2028
Read MoreNatural Sausage Casings Market Worth $2.79 Billion by 2028
Read MoreLegal Marijuana Market Worth $75.6 Billion By 2025
Read MoreFood Colors Market to Reach $5.42 Billion by 2031
Read MoreArtificial Casings Market to Reach $5.87 Billion by 2031
Read MoreEurope Artificial Casings Market to be Worth $1.65 Billion by 2030
Read MoreSoy Protein Market Worth $14.1 Billion by 2029
Read MoreEdible Insects Market to be Worth $17.9 Billion by 2033
Read MoreAmerican Whiskey Market to Reach $29.38 Billion by 2031
Read MoreAlgae Products Market to Reach $6.01 Billion by 2031
Read MoreDairy Products Market to Reach $1,167.93 Billion by 2031
Read MorePlant-based Protein Market to be Worth $26.45 Billion by 2031
Read MoreAlgal Pigments Market to Reach $718.0 Million by 2031
Read MoreMeat Substitute Market Worth $17.5 billion by 2027
Read MoreSmart Packaging Market Worth $43.6 billion by 2027
Read MoreFrozen Bakery Products Market worth $59.9 billion by 2027
Read MoreHydrocolloids Market to be Worth $18.34 Billion by 2031
Read MoreFood Safety Testing Market Worth $29.6 Billion by 2027
Read MorePhycocyanin Market to Reach $350.5 Million by 2031
Read MoreCollagen Market Worth $8.64 Billion by 2029
Read More