What Is The Current and Historic Market Size Analysis Of The Animal Food Market?
The animal food market has seen considerable growth due to a variety of factors.
• There has been a robust increase in the animal food market size over the past few years. The market estimates indicate an expansion from a size of $277.69 billion in 2024 to $301.09 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.4%.
Factors attributable to this preceding growth include the rise in pet ownership, advancements in animal agriculture, increased humanization of pets, a surge in global meat consumption, and the implementation of various regulations and standards.
What Is The Forecast For The Animal Food Market Size Evolve over the Forecast Period?
The animal food market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for animal food is anticipated to witness robust expansion in the upcoming years. The market is projected to swell to $412.78 billion by 2029, recording a compound annual growth rate (CAGR) of 8.2%.
The projected growth during this period can be linked to the focus on pet health and wellness, sustainable and ethically sourced products, tailored and individualized pet diets, and the rise of digital marketing and e-commerce. Key tendencies during this forecast period involve grain-free and grain-inclusive meals, high-protein and meat-centric recipes, natural and organic pet food, alternative sources of protein, and functional ingredients.
What Factors Are Driving Growth In The Animal Food Market?
The development of the animal and pet food market is underpinned by the steady economic growth anticipated in a number of industrialised and developing nations. For example, in May 2024, the global GDP growth rate is predicted to remain consistent at 3.1% for 2024, mirroring the figure from 2023, as per the projection of the France-based intergovernmental body, the Organisation for Economic Co-operation and Development. It is also expected to see a minor surging to 3.2% in 2025. The market expansion is likely to be bolstered by the rebounding commodity prices, following their significant drop during the preceding years. Furthermore, robust growth is projected for developed economies within the forecast period, while rising markets are forecasted to sustain a marginally higher growth pace versus developed markets within the same timeframe. Such steady economic growth is projected to magnify end-user market investments, thereby propelling the market throughout the forecast span.
How Is The Global Animal Food Market Divided Into Key Segments?
The animal food market covered in this report is segmented –
1) By Type: Poultry Feed, Cattle Feed, Aquaculture Feed, Other Animal Food
2) By Ingredients: Cereal, Oilseed Meal, Supplements, Other Ingredients
3) By Distribution Channel: Super markets/Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments:
1) By Poultry Feed: Broiler Feed, Layer Feed, Breeder Feed
2) By Cattle Feed: Dairy Cattle Feed, Beef Cattle Feed, Calf Feed
3) By Aquaculture Feed: Fish Feed, Shrimp Feed, Shellfish Feed
4) By Other Animal Food: Swine Feed, Horse Feed, Pet Food for Specialty Animals (Rabbits, Guinea Pigs)
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What Trends Are Reshaping The Future Of The Animal Food Market?
The escalating understanding of cattle farmers and pet owners about the benefits of probiotics for the health of animals is driving a surge in the use of probiotics in animal feed for farm animals such as cattle, horses, ruminants, and poultry. The continuous progress in molecular biology and gene sequencing is enabling scientists to delve deeper to discover new uses for probiotics in animals, in feed, and in health products for consumers. There has been a noteworthy increase in the usage of probiotics in animal feed for farm animals that has exhibited positive outcomes in relation to animal productivity, digestion and immune system. For example, the U.S based firm, Bactana Animal Health, has successfully concluded its initial funding round for the development of a unique bacterial strain of Faecalibacterium prausnitzii for commercial livestock use.
Who Are the Key Players In The Animal Food Market?
Major companies operating in the animal food market include:
• Cargill Incorporated
• New Hope Liuhe Co. Ltd.
• Charoen Pokphand Foods PCL
• Bunge Limited
• Mitsui
• CJ Cheiljedang Corp
• Land O'Lakes Inc.
• ForFarmers NV
• Japfa Ltd.
• Tate & Lyle
• Mars Petcare Inc.
• Nestlé Purina PetCare
• ADM Animal Nutrition Inc.
• Ainsworth Pet Nutrition LLC
• Alphia
• Hill's Pet Nutrition Inc.
• Diamond Pet Foods
• Blue Buffalo Co.Ltd.
• Spectrum Brands Inc.
• WellPet Group
• Sunshine Mills Inc.
• Merrick Pet Care Inc.
• Simmons Pet Food
• C.J. Foods Inc.
• Tuffy’s Pet Food Inc.
• Nature’s Variety
• AgriProtein
• Al Dahra Agricultural Company LLC
• Big Heart Pet Brands
• Bob Martin Petcare
• BOCM Pauls
• Ceylon Grain Elevators plc
• Champion Petfoods LP
• Devenish Nutrition
• Diamond V
• Ewos Group AS
• H&N International GmbH.
What Are The Regional Insights Into The Animal Food Market?
Asia-Pacific was the largest region in the animal food market in 2023. Western Europe was the second-largest region in the animal food market. The regions covered in the animal food market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
