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Analyzing the Growth Rate of the Feed And Animal Nutrition Market: What’s the Expected CAGR for the Next Decade?

In recent years, the feed and animal nutrition market has experienced significant growth. The market, valued at $533.73 billion in 2024, is projected to increase to $572.31 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.2%. The progressive growth during the past period can be credited to factors such as an increase in livestock farming, growth in consumption of meat and dairy products, higher incomes particularly in developing nations, the surge in urban migration, beneficial subsidies, favorable agricultural policies, and worldwide population growth.

The market size of feed and animal nutrition is projected to witness a substantial surge in the upcoming years, expanding to $745.62 billion by 2029 with a 6.8% compound annual growth rate (CAGR). This expected growth during this period may be attributed to a multitude of factors such as increased consumer understanding of animal health and food safety, a rising demand for sustainable and eco-friendly agricultural practices, a booming aquaculture industry, an increased trend in pet ownership and treating pets akin to humans, as well as enhanced regulatory mechanisms that advocate for animal welfare and food safety standards. During this forecast period, several trends are expected to emerge, including the adaptation of advanced data analytics and AI for custom feed formulations, the usage of alternative and sustainable ingredients for feed, the production of feeds encompassing added health advantages like probiotics and immune-enhancing ingredients, the incorporation of automation and Internet of Things (IoT) in feed manufacturing and distribution processes, and the application of genetic studies to boost feed conversion ratios.

How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Feed And Animal Nutrition Market?

The rise in the intake of meat, dairy, and poultry products is expected to drive the expansion of the feed and animal nutrition market. Animal-derived foods such as beef, pork, chicken, eggs, milk, and cheese are under the category of meat, dairy, and poultry products. Factors like growing population worldwide, alterations in eating habits, and heightened demand for foods rich in protein contribute to their increased consumption. Developments in feed and animal nutrition solutions significantly improve the quality and yield of meat, dairy, and poultry products, which in turn aids sustainable farming, animal health, and food safety standards. For instance, a report by the Food and Agriculture Organization of the United Nations (FAO), a US-based institution focused on advancing food security, sustainable farming, and rural development, revealed in June 2023 that global meat production is predicted to grow from 356.9 million metric tons in 2021 to 363.9 million metric tons in 2023, indicating a growth of 1.96%. In particular, global production of bovine meat is set to rise from 74.9 million metric tons in 2021 to 76.1 million metric tons in 2023. Moreover, worldwide poultry meat production is anticipated to increase from 138.2 million metric tons in 2021 to 142.7 million metric tons in 2023. Likewise, global ovine meat production is expected to reach 16.8 million metric tons in 2023, marking a 1% yearly increase. Hence, the growing intake of meat, dairy, and poultry items fuels the growth of the feed and animal nutrition market.

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What Are the Leading Organizations Impacting the Feed And Animal Nutrition Market’s Growth?

Major companies operating in the feed and animal nutrition market are:

• Cardinal Health_x000D_

• Thermo Fisher Scientific Inc._x000D_

• Novo Nordisk A/S_x000D_

• Asahi Kasei Corporation_x000D_

• Becton_x000D_

What Are the Most Prominent Trends Driving Change in the Feed And Animal Nutrition Market?

Major players in the animal feed and nutrition industry are concentrating on the production of innovative products, such as in-feed sweetening solutions that increase feed palatability and stimulate feed intake during key growth stages. These in-feed sweetening solutions, which can be augmented with natural or artificial sweeteners, are used in animal feed to make it more palatable and promote consumption for both livestock and pets. An example of this is The Archer-Daniels-Midland Company (ADM), a food processing corporation based in the United States, which in November 2022, introduced its SUCRAM range—an in-feed sweetening product for livestock species. The SUCRAM range encompasses two distinct products: SUCRAM M’I Sweet and SUCRAM Specifeek. These sweetening solutions have been specifically formulated to increase the palatability of feed for animals at the beginning of their life cycle, particularly for weanling pigs. These saccharin-free sweeteners aim to augment both feed intake and producers’ efficiency, while also bolstering the health and well-being of the animals. These sweeteners, which have been tested in an in-vitro swine sweet taste receptor model, are designed to stimulate feed intake during the shift from liquid to solid feed. They serve to maximise nutrient absorption, promote gut health, and foster growth and high performance in pigs during this challenging phase.

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Which Key Market Segments Comprise the Feed And Animal Nutrition Market and Drive Its Revenue Growth?

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

What Regions Are Leading the Charge in 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.

What Does the Definition of the Feed And Animal Nutrition Market Include?

Feed and animal nutrition refers to the diet and dietary management of domesticated animals to ensure their health, growth, and productivity. This involves understanding and optimizing the nutrient content and balance in feed to meet specific animal needs while considering factors such as species, age, weight, and activity level.

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