PUBLISHER: Grand View Research | PRODUCT CODE: 1941994
PUBLISHER: Grand View Research | PRODUCT CODE: 1941994
The global animal feed market size was estimated at USD 656.11 billion in 2025 and is anticipated to reach USD 921.33 billion by 2033, growing at a CAGR of 4.3% from 2026 to 2033. This growth is attributable to the increasing commercial livestock production owing to the rising demand for animal-derived protein such as milk, meat, and eggs.
Moreover, the rising health awareness among people is driving the demand for poultry, cattle, swine, and aqua, which in turn is stimulating the product market growth. The animal feed market comprises various feed types, including compound feeds, concentrates, and premixes, formulated to address the specific nutritional needs of different animal species and growth stages. Manufacturers utilize a broad range of raw materials such as grains, oilseeds, protein meals, vitamins, and minerals to ensure balanced nutrition and optimal animal performance.
The dairy sector is expected to witness strong growth in the coming years, supported by rising consumption of dairy products owing to their nutritional benefits and wide range of applications. Growing demand for products such as milk, butter, cheese, yogurt, and cream has led to an expansion in cattle farming across multiple regions, positioning dairy cattle as a key driver of feed demand during the forecast period.
In addition, rapid population growth and increasing demand for protein-rich foods in developing economies have accelerated the industrialization of livestock production. Traditional small-scale and backyard cattle-rearing practices are gradually being replaced by commercial farming models, as producers seek higher productivity, improved efficiency, and better herd management, further supporting growth in the animal feed market.
For instance, in September 2023, according to the India's national cattle herd growing to 307.6 million head, up by some 135 thousand head from the U.S. Department of Agriculture (USDA) official 2023 estimate of 307.5 million head. Post attributes the slight increase in cattle herd numbers to the calf crop growing in 2024 to 70.4 million head, up by 300 thousand head compared to the USDA official 2023 estimate of 70.1 million head. The regulations set by different regions for product manufacturing along with the fluctuating prices of raw materials such as soybean and corn may hinder the growth of the product market.
Global Animal Feed Market Report Segmentation
This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the global animal feed market report based on species, additives, and region: