Discover trends, market shifts, and competitive outlooks for the feed and animal nutrition industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Is the Current and Projected Market Size of the Feed And Animal Nutrition Market Through 2034?

In recent times, there has been considerable expansion in the feed and animal nutrition market. The market, which stood at $533.73 billion in 2024, is envisaged to ascend to $572.31 billion in 2025, growing at the compound annual growth rate (CAGR) of 7.2%. The historical growth can be traced back to factors such as growth in livestock farming, heightened meat and dairy intake, increased earnings, particularly in developing regions, increased urban migration, advantageous subsidies, and agricultural sector-friendly policies, along with an upsurge in the global population.

Expectations are high for the feed and animal nutrition market to thrive in the coming years with its size projected to soar to $745.62 billion by 2029, with a compound annual growth rate (CAGR) of 6.8%. Various factors contributing to this predicted growth during the forecast period include heightened customer consciousness about animal wellbeing and food security, amplified attention towards sustainable and environmentally friendly agriculture approaches, a burgeoning aquaculture sector, a surge in pet ownership and anthropomorphization of pets, and stringent regulatory rules boosting animal welfare and food safety protocols. Upcoming trends within the forecast period encompass the application of smart data analytics and AI to formulate custom feed concoctions, usage of renewable and sustainable feed components, creation of feed with additional health values like probiotics, prebiotics, and immune enhancers, the inclusion of automation and Internet of Things (IoT) in feed manufacturing and delivery, and the utilization of genetic studies to enhance feed conversion efficiencies.

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What Are the Major Market Drivers Behind the Rising Adoption of Feed And Animal Nutrition Market?

The feed and animal nutrition market is anticipated to experience growth, triggered by a rise in the consumption of poultry, dairy, and meat products. This category of food products, derived from animals (including pork, beef, chicken, cheese, milk, and eggs), has seen increasing consumption due to a growing worldwide population, evolving dietary habits, and an expanding demand for foods high in protein. The quality and productivity of dairy, meat, and poultry products are elevated through the creation of animal nutrition and feed solutions. This supports sustainable farming, enhances animal welfare, and upholds food safety standards. The Food and Agriculture Organization of the United Nations (FAO), which aims at promoting food security, sustainable farming, and rural development, published a report in June 2023. The report forecasts an increase in global meat production from 356.9 million metric tons in 2021 to 363.9 million metric tons in 2023 – a growth of 1.96%. About beef alone, the production is expected to go up from 74.9 million metric tons in 2021 to 76.1 million metric tons in 2023. The report also anticipates an escalated poultry meat production from 138.2 million metric tons in 2021 to 142.7 million metric tons in 2023. The production of ovine meat is also expected to rise by 1% year-on-year, reaching 16.8 million metric tons in 2023. Hence, the hike in the consumption of poultry, dairy, and meat products is influencing the growth of the animal nutrition and feed market.

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

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Which Areas Are Leading Regions in the Feed And Animal Nutrition Market Expansion Across the Globe?

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 Key Trends Are Shaping the Future of the Feed And Animal Nutrition Market?

Companies leading the animal feed and nutrition market are heavily invested in the creation of innovative goods, including solutions to sweeten feed to increase its palatability and encourage intake during vital growth phases. These feed sweetening solutions, often made up of natural or man-made sweeteners, are included in animal feed to make it more appetizing. For example, The Archer-Daniels-Midland Company (ADM), a U.S. based food processing firm, introduced their SUCRAM range, a feed sweetening solution for livestock animals in November 2022. The range includes products such as SUCRAM M’I Sweet and SUCRAM Specifeek which are specifically designed to make young animal feed, especially for weanling pigs, more palatable. These sweeteners have a dual purpose of increasing a producer’s feed intake and efficiency as well as promoting health and welfare in animals. Moreover, these non-saccharin sweeteners, after being tested in a swine sweet taste receptor model in-vitro, aim to motivate consumption during the switch from liquid to solid foods. Additionally, these products may improve nutrient absorption, foster gut health, and facilitate growth and performance during this strenuous period for pigs.

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How Is the Feed And Animal Nutrition Market Conceptually Defined?

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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