What Is The Current and Historic Market Size Analysis Of The Feed And Animal Nutrition Market?
The feed and animal nutrition market has seen considerable growth due to a variety of factors.
• The feed and animal nutrition market has seen substantial growth in recent years. It is expected to grow from $533.73 billion in 2024 to $572.31 billion in 2025, at a compound annual growth rate (CAGR) of 7.2%.
This growth is supported by an increase in livestock farming, higher meat and dairy consumption, rising incomes in developing countries, urban migration, favorable agricultural policies, and a growing global population.
What Is The Forecast For The Feed And Animal Nutrition Market Size?
The feed and animal nutrition market is expected to maintain its strong growth trajectory in upcoming years.
• The feed and animal nutrition market is expected to see steady growth, reaching $745.62 billion by 2029 with a CAGR of 6.8%.
Growth is driven by increased awareness of animal health and food safety, a focus on sustainable farming practices, the expanding aquaculture industry, the rise in pet ownership, and stronger animal welfare regulations. Major trends include using advanced data analytics and AI for tailored feed formulations, sustainable feed ingredients, health-boosting feed products, automation in feed production, and genetic research to improve feed conversion.
What Are The Essential Drivers Behind The Growth Of The Feed And Animal Nutrition Market?
The increased consumption of meat, dairy, and poultry products is expected to drive the feed and animal nutrition market. This growth is driven by a rising global population, changing dietary habits, and increasing demand for protein-rich foods. Feed and animal nutrition solutions enhance product quality and productivity in the meat, dairy, and poultry industries. The Food and Agriculture Organization of the UN projected global meat production would increase from 356.9 million metric tons in 2021 to 363.9 million metric tons in 2023. This growing demand for animal-based products is fueling the feed and animal nutrition market.
How Is The Global Feed And Animal Nutrition Market Divided Into Key Segments?
The feed and animal nutrition market covered in this report is segmented –
1) By Product Type: Amino Acids, Vitamins, Minerals, Enzymes, Fish Oils And Nutrition Lipids, Eubiotics, Carotenoids, Other Product Types
2) By Species: Poultry, Swine, Ruminants, Pets, Other Species
3) By Administrative Method: Oral, Topical, Injection
4) By Application: Veterinarians, Animal Feed Manufacturers, Households, Farms, Other Applications
Subsegments:
1) Amino Acids: Lysine, Methionine, Threonine, Tryptophan
2) Vitamins: Vitamin A, Vitamin D, Vitamin E, Vitamin K, B Vitamins
3) Minerals: Macro Minerals (e.g., Calcium, Phosphorus), Micro Minerals (e.g., Zinc, Copper)
4) Enzymes: Protease, Amylase, Phytase, Lipase
5) Fish Oils and Nutrition Lipids: Omega-3 Fatty Acids, Omega-6 Fatty Acids, Marine Fish Oils, Plant-Based Lipids
6) Eubiotics: Probiotics, Prebiotics, Organic Acids, Symbiotics
7) Carotenoids: Beta-carotene, Lutein, Astaxanthin, Canthaxanthin
8) Other Product Types: Fiber Supplements, Proteins and Hydrolysates, Flavoring Agents, Trace Elements
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What New Trends Are Influencing The Feed And Animal Nutrition Market?
Major companies in the feed and animal nutrition markets are focusing on developing innovative products, such as in-feed sweetening solutions that improve feed palatability and promote feed intake during crucial growth stages. These solutions, which include natural or artificial sweeteners, aim to enhance the taste of feed for livestock and pets. For example, in November 2022, Archer-Daniels-Midland Company (ADM), a US-based food processing firm, introduced its SUCRAM range, which includes SUCRAM M'I Sweet and SUCRAM Specifeek, designed to improve the palatability of feed for young animals like weanling pigs. These saccharin-free sweeteners support efficient feed intake, optimize nutrient absorption, and promote growth and health during the challenging transition from liquid to solid feed.
Who Are the Key Players In The Feed And Animal Nutrition Market?
Major companies operating in the feed and animal nutrition market are:
• Cargill Incorporated
• Archer Daniels Midland Company
• BASF SE
• Tyson Foods Inc.
• Evonik Industries AG
• Charoen Pokphand Foods Public Company Limited
• Land O'Lakes Inc.
• Koninklijke DSM N.V.
• De Heus Animal Nutrition B.V.
• Nutreco N.V.
• Elanco Animal Health Incorporated
• Wilbur-Ellis Company LLC
• Alltech Inc.
• Royal Agrifirm Group B.V.
• ForFarmers N.V.
• Trouw Nutrition USA LLC
• Kemin Industries Inc.
• Lallemand Inc.
• Phibro Animal Health Corporation
• Balchem Corporation
• Ridley Corporation Limited
• Kent Nutrition Group Inc.
• Novus International Inc.
• Manna Pro Products LLC
• Zinpro Corporation
• Diamond V Mills Inc.
• Vita Plus Corporation
• BIOMIN Holding GmbH
• Hi-Pro Feeds LP
What Are The Regional Insights Into The Feed And Animal Nutrition Market?
Asia-Pacific was the largest region in the feed and animal nutrition market in 2023. The regions covered in the feed and animal nutrition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
