For the third consecutive year, the United States recorded decline in overseas shipments of animal and pet feed, which decreased by -13.6% to 1.1M tons in 2023.

Graph and download economic data for Producer Price Index by Industry: Other Animal Food Manufacturing: Complete Dairy Cattle Feed, Supplements, Concentrates, and Premixes (PCU3111193111195) from Dec 2011 to Feb 2025 about supplements, animals, cattle, dairy, livestock, food, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The global animal feed market size is anticipated to cross a valuation of US$ 530.0 billion in 2023. It is estimated to reach a valuation of US$ 929.0 billion by 2033. The market is expected to witness a decent CAGR of 7.3% from 2023 to 2033

Attributes	Key Insights
Animal Feed Market Estimated Size (2023E)	US$ 530.0 billion
Projected Market Valuation (2033F)	US$ 929.0 billion
Value-based CAGR (2023 to 2033)	7.3%
Collective Value Share: Top 3 Countries (2023)	31%

How Has the Market Progressed So Far in 2023?

Market Statistics	Details
Jan to Jun (H1), 2021 (A)	6.2%
Jul to Dec (H2), 2021 (A)	6.8%
Jan to Jun (H1), 2022 Projected (P)	7.2%
Jan to Jun (H1), 2022 Outlook (O)	6.9%
Jul to Dec (H2), 2022 Outlook (O)	6.9%
Jul to Dec (H2), 2022 Projected (P)	6.4%
Jan to Jun (H1), 2023 Projected (P)	6.9%
BPS Change: H1, 2022 (O) to H1, 2022 (P)	30
BPS Change: H1, 2022 (O) to H1, 2021 (A)	70
BPS Change: H2, 2022 (O) to H2, 2022 (P)	-30
BPS Change: H2, 2022 (O) to H2, 2022 (A)	-10

Country-wise Insights

Region	North America
Country	United States
CAGR	6.3%
BPS Analysis	-109
Market Value (2033)	US$ 100.2 billion

Region	Europe
Country	United Kingdom
CAGR	5.4%
BPS Analysis	-307
Market Value (2033)	US$ 40.3billion

Region	Asia Pacific
Country	China
CAGR	6.1%
BPS Analysis	-37
Market Value (2033)	US$ 101.6 billion

Region	Asia Pacific
Country	India
CAGR	7.8%
BPS Analysis	-373
Market Value (2033)	US$ 41.9 billion

Region	Asia Pacific
Country	Japan
CAGR	6.9%
BPS Analysis	120
Market Value (2033)	US$ 26.8 billion

Scope of the Report

Attribute	Details
Estimated Market Size (2023)	US$ 530.0 billion
Projected Market Valuation (2033)	US$ 929.0 billion
Value-based CAGR (2023 to 2033)	7.3%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Value (US$ billion) and Volume (MT)
Key Regions Covered	Latin America, North America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa
Key Market Segments Covered	Species, Source, Form, Sales Channel, and Region
Key Companies Profiled	DSM N.V BASF SE Parry Nutraceutical Fuji Chemical Industries Co Divi’s Laboratories Piveg, Inc Fenchem Biotek Ltd. Alga technologies Cyanotech Corporation Zhejiang NHU Co., Ltd.

In 2023, approx. 1.3M tons of animal and pet feed were exported from China; picking up by 13% against 2022 figures.

This statistic shows the projected value of the animal feed additives market worldwide in 2021 and 2027. In 2021, the value of the global feed additives for the livestock segment was projected to amount to over 38 billion U.S. dollars.

After two years of decline, overseas shipments of animal and pet feed increased by 18% to 278K tons in 2023.

Animal Feed Ingredients Market size was valued at USD 36.32 Billion in 2024 and is projected to reach USD 57.46 Billion by 2031, growing at a CAGR of 5.90% from 2024 to 2031.

Global Animal Feed Ingredients Market Drivers

Growing World Population: As the world’s population rises, so does the need for food, particularly goods made from meat, dairy, and fowl. The need for animal feed is directly impacted by this spike as livestock output increases to accommodate the demands of an expanding population.

Urbanisation and the Growing Middle Class: More people are consuming animal protein, particularly in emerging economies where the middle class is growing. The increasing number of people choosing protein-rich diets that include meat, milk, and eggs is another effect of urbanisation that is driving up demand for high-quality animal feed.

Focus on Feed Efficiency: There is an increasing need for innovative feed ingredients that improve nutritional value in order to optimise feed conversion ratios, or the efficiency with which animals convert feed into desirable outputs like meat, milk, or eggs. A growing number of ingredients are being added to feed to increase feed efficiency and animal health, including enzymes, vitamins, minerals, and amino acids.

Development of Functional components: Probiotics, prebiotics, and phytogenics are just a few of the functional feed components that have seen tremendous market improvements. These additions lead to healthier animals and higher production results by strengthening immune, promoting gastrointestinal health, and improving overall animal performance.

According to Cognitive Market Research, the global Animal Feed Components Market size will be USD 34514.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 13805.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 10354.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7938.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1725.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 690.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
The poultry category is the fastest growing segment of the Animal Feed Components industry

Market Dynamics of Animal Feed Components Market

Key Drivers for Animal Feed Components Market

Adoption of technology and solutions for quality control to Boost Market Growth

Animal nutrition and feed production have been completely transformed by the incorporation of cutting-edge technology including automation, data analytics, and precision feeding. By ensuring that animals receive the proper nutrients, precision feeding reduces feed waste and enhances overall growth and health. Real-time monitoring and feeding program adjustments are made possible by data analytics, which maximizes efficiency. Automation improves consistency in feed composition, lowers labor costs, and streamlines manufacturing operations. By using less resources, these technologies not only increase efficiency but also advance sustainability.

Population expansion and shifting dietary patterns to Drive Market Growth

Rapid population increase and shifting dietary habits are the two main causes of the animal feed industry's rising market demand. The need for food, especially sources of protein, is growing along with the world's population. The demand for meat, dairy, and fish products has significantly increased as a result of people in emerging markets embracing diets higher in animal-based proteins. The market for animal feed will be significantly impacted by this boom, which is being driven by rising incomes and urbanization.

Restraint Factor for the Animal Feed Components Market

Increasing ingredient prices and resource competition, will Limit Market Growth

One of the major factors limiting the animal feed market is the fluctuating cost of ingredients, especially essential ones like grains and soy. These components constitute the cornerstone of many feed compositions. The state of the commodities market, worldwide supply and demand, and weather patterns are some of the variables that affect these cost variations. The animal feed sector has to deal with these uncertainties, which frequently call for risk management and strategic planning in order to be profitable.

Impact of Covid-19 on the Animal Feed Components Market

The COVID-19 pandemic disrupted the animal feed component market through supply chain interruptions, labor shortages, and raw material price volatility. Factory closures and transportation restrictions led to delays in feed production and distribution. The livestock sector faced financial strain, leading to reduced demand for animal feed, especially in regions with stringent lockdowns. Additionally, disruptions in global trade affected the availability of key ingredients, such as grains, protein meals, and additives. However, the market saw a shift towards more sustainable and cost-effective feed components, as producers sought alternatives to mitigate supply chain issues. As economies recovered, the market rebounded, with growing demand for quality, nutritionally balanced animal feed. Introduction of the Animal Feed Components Market

Animal feed is a specific kind of food that is given to pets and cattle in order to give them the nutrients they need for development, upkeep, and general health. For optimum growth and reproduction, thi...

In 2024, livestock feed import prices in Germany fell by around five percent. This was a noticeable change compared to the year before. Figures fluctuated during the timeline shown.

United States - Producer Price Index by Industry: Other Animal Food Manufacturing: Complete Dairy Cattle Feed, Supplements, Concentrates, and Premixes was 128.95300 Index Dec 2011=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Other Animal Food Manufacturing: Complete Dairy Cattle Feed, Supplements, Concentrates, and Premixes reached a record high of 144.77300 in January of 2023 and a record low of 90.20000 in January of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Other Animal Food Manufacturing: Complete Dairy Cattle Feed, Supplements, Concentrates, and Premixes - last updated from the United States Federal Reserve on March of 2025.

The average animal feed import price stood at $2,299 per ton in May 2024, reducing by -10.8% against the previous month.

Preparations for Animal Feeds (Excluding Dog or Cat Food) Price Per Unit in Sweden, 2019 Discover more data with ReportLinker!

The Global Animal Feed Alternative Protein Market is projected to grow from USD 11,696.8 million in 2025 to USD 18,164.8 million by 2035, reflecting a CAGR of 4.5% during the forecast period.

Attributes	Description
Estimated Global Industry Size (2025E)	USD 11,696.8 million
Projected Global Industry Value (2035F)	USD 18,164.8 million
Value-based CAGR (2025 to 2035)	4.5%

Semi Annual Market Update

Particular	Value CAGR
H12024	4.2% (2024 to 2034)
H22024	4.8% (2024 to 2034)
H12025	4.4% (2025 to 2035)
H22025	4.7% (2025 to 2035)

Country wise Insights

Countries	CAGR 2025 to 2035
China	4.3%
United States	3.6%
France	2.9%

Category-wise Insights

Segment	Value Share (2025)
Plant Based Protein (End Use Application)	35%

Segment	Value Share (2025)
Poultry (Livestock)	31%

This statistic displays the average animal feed costs worldwide in 2017, broken down by species. According to the report, the average global costs of broiler feed amounted to approximately 418 U.S. dollars that year.

In 2023, the sales value of manufactured prepared animal feeds in Malaysia was approximately 19.36 billion Malaysian ringgit, nearly three billion Malaysian ringgit increase in value compared to the previous year. The sales value of animal food manufacturing experienced a decrease in 2020.

In 2023, animal feed imports into Ukraine reached 81K tons, growing by 4.7% on the year before.

Animal Feed Market size was valued at USD 519.5 Billion in 2024 and is projected to reach USD 673.57 Billion by 2031, growing at a CAGR of 3.30% from 2024 to 2031.

Global Animal Feed Market Drivers

The market drivers for the Animal Feed Market can be influenced by various factors. These may include:

Growing Demand for Animal Protein: The demand for animal protein sources including meat, eggs, and dairy products is being driven by the world’s population growth as well as shifting dietary preferences, especially in emerging nations. This increases the demand for animal feed to maintain the growth of cattle.

Growth in Livestock Production: A steady and wholesome supply of animal feed is necessary for the growth of livestock farming and the commercialization of animal husbandry operations. Feed for pigs, cattle, poultry, aquaculture, and other livestock species is included in this.

Technological Developments in Feed Production: The adoption of specialty animal feed products is fueled by advancements in feed processing technology, such as pelleting, extrusion, and micronization, which enhance feed quality, nutrient digestibility, and animal performance.

Growing Understanding of Animal Nutrition: Farmers are investing in high-quality and well-balanced feed formulations as a result of growing understanding of the significance of animal nutrition and its effects on animal health, growth, and production.

Government Standards and Regulations: Strict laws pertaining to environmental sustainability, animal welfare, and food safety have an impact on how animal feed components are made and used. The market drives demand for safe and sustainable feed solutions when regulations are followed.

Growing Investments in Animal Health and Wellness: The need for specialised feed additives and supplements is fueled by growing investments in animal health and wellness, which are motivated by worries about illness prevention, antibiotic reduction, and animal welfare.

The aquaculture business is expanding at a rapid pace due to factors such as dwindling wild fish populations and rising seafood consumption. To maintain healthy fish and prawn output, specialised aquafeed formulations are needed.

Concentrate on Feed Efficiency and Cost Optimisation: Increasingly, livestock farmers are concentrating on raising feed conversion efficiency and cutting expenses associated with production. This promotes the use of alternative nutrients, enzymes, and feed additives that improve feed utilisation.

Climate Change and Sustainability Initiatives: Production and sourcing methods for feed ingredients are being impacted by a growing consciousness of environmental sustainability. Alternative feed grains and proteins derived from insects are becoming more and more popular as sustainable feed options.

Technological Integration in Precision Livestock Farming: To optimise feed formulations and feeding techniques, data-driven feed management systems are needed to integrate digital technologies, data analytics, and precision livestock farming practices.

834 Global import shipment records of Animal Feed with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

2251740 Global exporters importers export import shipment records of Animal feed with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.