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PUBLISHER: Grand View Research | PRODUCT CODE: 1363447

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PUBLISHER: Grand View Research | PRODUCT CODE: 1363447

Animal Feed Market Size, Share & Trends Analysis Report By Species (Poultry, Cattle, Swine, Aqua, Pet), By Additives (Antibiotics, Vitamins), By Region, And Segment Forecasts, 2023 - 2030

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Animal Feed Market Growth & Trends:

The global animal feed market size is projected to reach USD 816.78 billion by 2030, as per a new report by Grand View Research, Inc.. The market is anticipated to grow at a CAGR of 4.6% from 2023 to 2030. The growth is majorly driven by the rising demand for higher-quality food products like meat, eggs, and milk, which has led to an increased usage of animal feed in the region.

The market growth is faced with challenges such as the price volatility of raw materials and additives used in feed preparations. For example, a sudden increase in corn prices can affect small and medium-sized pig farm owners as it is less affordable for them. In addition, the growing trend of people adopting vegan and vegetarian diets and reducing meat consumption could reduce the demand for meat, negatively impacting the product demand. Furthermore, outbreaks of animal diseases like African Swine Fever (ASF) and Porcine Epidemic Diarrhea (PED) can also limit market growth.

According to the Food and Agriculture Organization (FAO), the worldwide average per capita demand for meat will rise by 2% between 2020 and 2032. This increase is mainly due to the growing consumption of meat in middle-income countries, which will play a vital role in driving this overall market growth. As middle-income countries experience urbanization, economic growth, and the expansion of the fast-food industry, substantial shifts in consumer meat preferences are expected. On the other hand, in low-income countries, higher meat consumption is primarily driven by the growth in population.

The market is fragmented with many local and regional players competing to expand their market shares. Some major players in the industry include Archer Daniels Midland, Cargill Inc., Land O' Lakes Inc., De Heus, and ForFarmers. Due to the fragmented supply of raw materials and the dispersed consumer base in developing markets, local feed manufacturers have significant opportunities to cater to niche customer groups and establish a strong foothold in the industry.

Animal Feed Market Report Highlights:

  • Based on species, the swine segment is projected to grow at the fastest CAGR of 5.9% over the forecast period owing to the increasing consumption of swine in the European and North American region. Higher demand for animal protein in the form of meat is increasing the consumption of pigs, which in turn is increasing the demand for the product
  • In terms of additives, the amino acid segment dominated the market in 2022 with a revenue share of over 30.6% owing to its ability to build immunity and promote animal growth
  • Different types of animal feed additives include enzymes, antioxidants, antibiotics, vitamins, amino acids, and acidifiers, which are used to increase efficiency and add nutritional value to the product
  • Based on region, the Asia Pacific region is anticipated to witness the fastest CAGR of 5.0% over the forecast period owing to the increasing consumption of meat along with the rise in the production of oilseed, which is used as a raw material in the product manufacturing
Product Code: GVR-4-68040-114-4

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Market Segmentation & Scope
  • 1.2 Market Definition
  • 1.3 Information Procurement
    • 1.3.1 Purchased Database
    • 1.3.2 GVR's Internal Database
  • 1.4 Information analysis
  • 1.5 Market formulation & data visualization
  • 1.6 Data validation & publishing
    • 1.6.1 Research scope and assumptions
    • 1.6.2 List of Data Sources

Chapter 2 Executive Summary

  • 2.1 Market Snapshot
  • 2.2 Segment Snapshot
  • 2.3 Competitive Landscape Snapshot

Chapter 3 Animal Feed: Market Variables, Trends & Scope

  • 3.1 Market Lineage Outlook
    • 3.1.1 Animal Feed Market Outlook
  • 3.2 Industry Value Chain Analysis
    • 3.2.1 Manufacturing Trends
    • 3.2.2 Sales Channel Analysis
  • 3.3 Regulatory framework
  • 3.4 Price Trend Analysis, 2018 - 2030
    • 3.4.1 Factors Influencing Prices
  • 3.5 Market Dynamics
    • 3.5.1 Market Driver Analysis
    • 3.5.2 Market Restraint Analysis
    • 3.5.3 Industry Challenges
    • 3.5.4 Industry Opportunities
  • 3.6 Industry Analysis Tools
    • 3.6.1 Porter's Analysis
    • 3.6.2 Macroeconomic Analysis- PESTLE Analysis

Chapter 4 Animal Feed Market: Species Estimates & Trend Analysis

  • 4.1 Species Movement Analysis & Market Share, 2022 & 2030
    • 4.1.1 Poultry
    • 4.1.2 Cattle
    • 4.1.3 Swine
    • 4.1.4 Aqua
    • 4.1.4 Pet

Chapter 5 Animal Feed Market: Additives Estimates & Trend Analysis

  • 5.1 Additives Movement Analysis & Market Share, 2022 & 2030
    • 5.1.1 Antibiotics
    • 5.1.2 Vitamins
    • 5.1.3 Antioxidants
    • 5.1.4 Amino Acid
    • 5.1.5 Feed Acidifiers
    • 5.1.6 Other Additives

Chapter 6 Animal Feed Market: Regional Estimates & Trend Analysis

  • 6.1 Animal Feed Market: Regional Outlook
  • 6.2 North America
    • 6.2.1 North America Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.2.2 U.S.
      • 6.2.2.1 Key country dynamics
      • 6.2.2.2 U.S. Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.2.3 Canada
      • 6.2.3.1 Key country dynamics
      • 6.2.3.2 Canada Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.2.4 Mexico
      • 6.2.4.1 Key country dynamics
      • 6.2.4.2 Mexico Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • 6.3 Europe
    • 6.3.1 Europe Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.2 Germany
      • 6.3.2.1 Key country dynamics
      • 6.3.2.2 Germany Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.3 UK
      • 6.3.3.1 Key country dynamics
      • 6.3.3.2 UK Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.4 Turkey
      • 6.3.4.1 Key country dynamics
      • 6.3.4.2 Turkey Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.5 Russia
      • 6.3.5.1 Key country dynamics
      • 6.3.5.2 Russia Animal Feed Market Estimates & Forecasts, 2018 - 2030 (MillionTons) (USD Million)
    • 6.3.6 Spain
      • 6.3.6.1 Key country dynamics
      • 6.3.6.2 Spain Animal Feed Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
  • 6.4 Asia Pacific
    • 6.4.1 Asia Pacific Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.4.2 China
      • 6.4.2.1 Key country dynamics
      • 6.4.2.2 China Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.4.3 India
      • 6.4.3.1 Key country dynamics
      • 6.4.3.2 India Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Million Tons) (USD Million)
    • 6.4.4 Japan
      • 6.4.4.1 Key country dynamics
      • 6.4.4.2 Japan Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.4.5 South Korea
      • 6.4.5.1 Key country dynamics
      • 6.4.5.2 South Korea Animal Feed Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
  • 6.5 Central & South America
    • 6.5.1 Central & South America Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.5.2 Brazil
      • 6.5.2.1 Key country dynamics
      • 6.5.2.2 Brazil Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.5.3 Argentina
      • 6.5.3.1 Key country dynamics
      • 6.5.3.2 Argentina Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • 6.6 Middle East & Africa
    • 6.6.1 Middle East & Africa Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.6.2 Saudi Arabia
      • 6.6.2.1 Key country dynamics
      • 6.6.2.2 Saudi Arabia Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
    • 6.6.3 South Africa
      • 6.6.3.1 Key country dynamics
      • 6.6.3.2 South Africa Animal Feed Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)

Chapter 7 Competitive Landscape

  • 7.1 Company Categorization
  • 7.2 Key Company Market Share Analysis, 2022
  • 7.3 Company Heat Map Analysis
  • 7.4 Company Listing (Business Overview, Financial Performance, Product Benchmarking)
    • 7.4.1 Archer Daniels Midland Company
    • 7.4.2 BASF SE.
    • 7.4.3 Land O Lakes Purina
    • 7.4.4 Nutreco N.V.
    • 7.4.5 Cargill Inc.
    • 7.4.6 Kemin Industries, Inc.
    • 7.4.7 ANOVA Group
    • 7.4.8 ADM
    • 7.4.9 Chr. Hansen Holding
    • 7.4.10 Alltech, Inc
Product Code: GVR-4-68040-114-4

List of Tables

  • Table 1 List of Animal Feed Raw Material Suppliers
  • Table 2 U.S. macro-economic outlay
  • Table 3 Canada macro-economic outlay
  • Table 4 Mexico macro-economic outlay
  • Table 5 Germany macro-economic outlay
  • Table 6 UK macro-economic outlay
  • Table 7 Turkey macro-economic outlay
  • Table 8 Russia macro-economic outlay
  • Table 9 Spain macro-economic outlay
  • Table 10 China macro-economic outlay
  • Table 11 India macro-economic outlay
  • Table 12 Japan macro-economic outlay
  • Table 13 South Korea macro-economic outlay
  • Table 14 Brazil macro-economic outlay
  • Table 15 Argentina macro-economic outlay
  • Table 16 Saudi Arabia macro-economic outlay
  • Table 17 South Africa Macro-economic Outlay
  • Table 18 Participant's Overview
  • Table 19 Financial Performance
  • Table 20 Product Benchmarking
  • Table 21 Recent Developments & Impact Analysis, By Key Market Participants
  • Table 22 Company Market Share, 2022
  • Table 23 Company Heat Map Analysis

List of Figures

  • Fig. 1 Animal Feed Market Segmentation & Scope
  • Fig. 2 Information Procurement
  • Fig. 3 Data analysis models
  • Fig. 4 Market Formulation And Validation
  • Fig. 5 Data Validating & Publishing
  • Fig. 6 Animal Feed Market Snapshot
  • Fig. 7 Animal Feed Market Segment Snapshot
  • Fig. 8 Animal Feed Market Competitive Landscape Snapshot
  • Fig. 9 Animal Feed Market, 2022 (USD Million)
  • Fig. 10 Animal Feed Market: Industry Value Chain Analysis
  • Fig. 11 Animal Feed Price Trend Analysis, 2018 - 2030 (USD/Kg)
  • Fig. 12 Animal Feed Market Dynamics
  • Fig. 13 Animal Feed Market: Porter's Analysis
  • Fig. 14 Animal Feed Market: PESTLE Analysis
  • Fig. 15 Animal Feed Market Estimates & Forecasts, by Species: Key Takeaways
  • Fig. 16 Animal Feed Market Share, By Species, 2022 & 2030
  • Fig. 17 Poultry Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 18 Cattle Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 19 Swine Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 20 Aqua Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 21 Pet Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 22 Animal Feed Market Estimates & Forecasts, by Additives: Key Takeaways
  • Fig. 23 Animal Feed Market Share, By Additives, 2022 & 2030
  • Fig. 24 Animal Feed Antibiotics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 25 Animal Feed Vitamins Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 26 Animal Feed Antioxidants Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 27 Animal Feed Amino Acid Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 28 Animal Feed Enzymes Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 29 Animal Feed Acidifiers Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 30 Other Additives Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 31 Animal Feed Market Revenue, by Region, 2022 & 2030 (USD Million)
  • Fig. 32 North America Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 33 U.S. Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 34 Canada Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 35 Mexico Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 36 Europe Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 37 Germany Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 38 UK Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 39 Turkey Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 40 Russia Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 41 Spain Animal Feed Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 42 Asia Pacific Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 43 China Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 44 India Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 45 Japan Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 46 South Korea Animal Feed Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 47 Central & South America Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 48 Brazil Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 49 Argentina Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 50 Middle East & Africa Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 51 Saudi Arabia Animal Feed Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Million)
  • Fig. 52 South Africa Animal Feed Market Estimates & Forecasts and Trend Analysis, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 53 Key Company/Competition Categorization 
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