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.

According to Cognitive Market Research, the global Poultry Feed Market size will be XX million by 2030, whereas its compound annual growth rate (CAGR) will be XX% from 2024 to 2031.

Asia Pacific held the largest share of the global Poultry Feed market around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Europe accounted for a share of over XX% of the global market size of USD XX million.
North America held a market share of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
The Latin American market is around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.
Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.

Market Dynamics of the Poultry Feed Market

Key Drivers of the Poultry Feed Market

The growing global consumption of poultry significantly drives the market

Poultry has become a staple food in many parts of the world, because of its high protein content, affordability, and variety. In addition, the growing societal trend toward meat consumption and the producers' vigorous marketing campaigns have greatly increased the demand for poultry goods. This increase extends beyond traditional cuts of meat to processed foods like nuggets, sausages, and other convenience items made with chicken. The need for high-quality chicken feed rises as a result of the increased pressure on poultry farms to boost production due to the increased consumer interest. The growing demand for feed also highlights quality because buyers are looking for goods that are sourced ethically and healthily. Furthermore, high-quality feeds that improve meat quality, lower illness rates, and comply with stringent food safety laws are being invested in by poultry farms.

• For Instance: On Feb 17, 2024 – According to FAO and OECD projections, poultry meat consumption worldwide was expected to experience the highest growth by 2032. This increase, estimated at 15% over the next decades, was attributed to various factors, including price.

https://avinews.com/en/poultry-meat-consumption-will-increase-in-the-next-decade/

Growing demand for organic meat

Concerns about food safety have raised demand for premium poultry feed, which is necessary to assure the safety of the meat. Another element driving the expansion of the poultry feed industry is the growing awareness among farm owners of the significance of keeping a healthy animal diet. They are therefore moving from regular chicken feed to functional and premium kinds that not only increase the animals' resistance to enzootic diseases but also lower the danger of infections, injuries, metabolic problems, and acidosis. The industry's future is also bright because of the growing demand for organic meat from consumers in developed countries, as well as the adoption of innovative methods for animal husbandry and stringent farming regulations.

Restraint of the Poultry Feed Market

The high cost of basic materials may hamper the market

The price of feed ingredients such as grains, soybean meal, and other raw materials affects the poultry feed industry. The effects of the poultry industry on the environment are being intensively studied, with a focus on waste management and emissions. Concerns about pollution and resource usage lead to more regulations and greater production prices. Poultry operations are susceptible to sickness epidemics and outbreaks of avian influenza. Trade restrictions, lower output, and bird culling may generate significant financial losses as a result of these epidemics. The price volatility of these commodities may result in increased production costs and decreased profit margins for manufacturers of poultry feed.

• For Instance: On Apr 3, 2024 – Egypt witnessed fluctuations in poultry feed and feed raw material prices, with broiler feed prices oscillating between 22,000 and 25,200 pounds. This variation in prices also affected feed for other animals ...

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Prepared Animal Feeds (WPS029) from Jan 1967 to Feb 2025 about animals, processed, food, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Dairy Cattle Feed, Supplements, Concentrates, and Premixes (WPU02930110) from Dec 2011 to Feb 2025 about supplements, cattle, dairy, livestock, processed, food, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

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.

Food price inflation is an important metric to inform economic policy but traditional sources of consumer prices are often produced with delay during crises and only at an aggregate level. This may poorly reflect the actual price trends in rural or poverty-stricken areas, where large populations reside in fragile situations.
This data set includes food price estimates and is intended to help gain insight in price developments beyond what can be formally measured by traditional methods. The estimates are generated using a machine-learning approach that imputes ongoing subnational price surveys, often with accuracy similar to direct measurement of prices. The data set provides new opportunities to investigate local price dynamics in areas where populations are sensitive to localized price shocks and where traditional data are not available.

A dataset of monthly food price inflation estimates (aggregated for all food products available in the data) is also available for all countries covered by this modeling exercise.

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

How Has the Market Progressed So Far in 2023?

Country-wise Insights

Scope of the Report

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.

The FAO Food Price Index (FFPI) averaged 124.9 points in January 2025, down 2.1 points from December 2024. The highest value for the index in the past 23 years was reached in March 2022. However, the rate of food price increases has been decreasing since.

Food prices worldwide The annual FAO Food Price Index (FFPI) by category shows that the price of vegetable oils grew by a particularly large margin. One of the factors that influenced the spike in oil prices worldwide during 2020 and 2021 were the supply-chain disruptions during the COVID-19 pandemic. Moreover, after the war in Ukraine, shipping costs and grain prices also had a noticeable impact on global food prices. Global food prices are calculated to have increased by 3.68 percent, due to changes in shipping costs and grain prices. The European Union (EU) has experienced a particularly high increase in the annual consumer prices for food and non-alcoholic beverages, as compared to other selected countries worldwide. Inflation in Europe

The inflation rate for food in the EU grew from 0.2 percent in May 2021 to 19.2 percent in March 2023, as compared to the same month in the previous year. In the following months, the food inflation started decreasing again, reaching 1.86 percent in April 2024. The overall inflation rate in the Euro area reached its peak in December 2022 at 9.2 percent. The rate has since fallen to 2.4 percent in December 2024. As measured by the Harmonized Index of Consumer Prices (HICP), inflation rates in Europe were highest in Turkey, North Macedonia, and Romania as of December 2024.

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

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

According to Cognitive Market Research, the global Complete Feed Market size will be USD 555691.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% 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 222276.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 166707.3 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 127808.9 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 27784.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% 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 11113.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The poultry category is the fastest growing segment of the Complete Feed industry

Market Dynamics of Complete Feed Market

Key Drivers for Complete Feed Market

Expansion of aquaculture to Boost Market Growth

The expansion of aquaculture is a major trend driving market expansion. Aquaculture is experiencing a notable trend of expansion in the industry. Fish, crabs, and algae are farmed in aquaculture, which calls for the use of premium feed to guarantee the best possible growth and well-being for these aquatic creatures. The rising demand for seafood, rising consumer knowledge of the nutritional value of seafood, and the creation of novel and inventive aquaculture feed products are some of the drivers propelling the growth of aquaculture. The industry is also developing as a result of the growing appeal of aquaponics, a system that grows fish and plants in a symbiotic environment by combining hydroponics with aquaculture. The demand for specialist aquaculture feed products is created by the need for high-quality fish feed in aquaponics systems. Generally, during the projected period, aquaculture is anticipated to further propel the growth of the animal feed market.

Growing Emphasis on Nutrition and Animal Health to Promote Growth

Improving the health of farm animals is a top priority for livestock farmers in both developed and developing countries since happy, healthy animals lead to a society free from hunger and with sustainable food supplies. The quality and safety of animal feed are also crucial in order to satisfy the domestic market's desire for better and safe consumables derived from animals. Science of animal nutrition also contributes to lowering greenhouse gas emissions and land consumption associated with raising animals, for example, per kilogram of meat and egg or per liter of milk. The increased emphasis on animal well-being and diet is therefore expected to drive up demand for compound feed.

Restraint Factor for the Complete Feed Market

Prices of raw materials that fluctuate when producing compound feed, will Limit Market Growth

While the cost of extraction techniques has increased for producers, the price of raw materials like as seeds and plant leaves has been fluctuating. It is interesting to note that the primary raw material has decreased in cost. However, the cost of grains like corn, barley, and oats has been rising over time. The sector now faces serious challenges because of the availability of feed, especially in light of the world population growth and ensuing rise in food consumption. As a result, obtaining necessary basic feed ingredients like corn, wheat, and barley presents serious issues for the sector. The protracted conflict between Russia and Ukraine has made this issue worse, upsetting the supply chain and adding to the volatility of raw material prices.

Impact of Covid-19 on the Complete Feed Market

Covid-19 had a significant impact on the Complete Feed Market. Due to the Covid-19 pandemic, The availability of raw materials has been negatively impacted by the disruptive value chain, which is affecting the expansion of the animal feed sector. However, as more people are purchasing goods from internet merchants, it is anticipated that the demand for animal feed would increase as economies pr...

According to Cognitive Market Research, the global Prepared Animal Feed market size will be USD 135215.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% 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 54086.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 40564.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 31099.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 6760.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% 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 2704.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The pet food category is the fastest growing segment of the Prepared Animal Feed industry

Market Dynamics of Prepared Animal Feed Market

Key Drivers for Prepared Animal Feed Market

Rising pet ownership globally boosts demand for premium animal feed to Boost Market Growth

The market for premium animal feed is influenced. Increasing urbanization and evolving lifestyles have led to a rise in pet ownership worldwide. People treat pets as family members, driving demand for high-quality, nutritious feed. Premium animal feed is significantly more expensive than standard options, limiting its adoption among price-sensitive consumers. While high costs and regional disparities present challenges, the market's growth is strongly driven by the increasing bond between humans and their pets, alongside advancements in product quality and marketing strategies. The expansion of the global pet population continues to create substantial opportunities for premium animal feed providers.

Increased livestock production drives the need for high-quality feed solutions

The growing global demand for animal-derived products, such as meat, milk, and eggs, is driving increased livestock production, creating a significant need for high-quality feed solutions. Farmers are focusing on enhancing animal health, growth, and productivity to meet this demand, spurring the adoption of nutritionally balanced and fortified feeds. Additionally, advancements in feed technology, including additives that improve digestion and reduce environmental impact, are further propelling the market. Regulatory emphasis on sustainable and safe feed options also boosts growth.

Restraint Factor for the Prepared Animal Feed Market

Rising raw material costs strain production and increase feed prices

Rising raw material costs pose a significant restraint in various markets, particularly in industries reliant on raw inputs like agriculture and manufacturing. The increasing prices of essential materials strain production budgets, leading to higher operational costs. For feed producers, this translates to elevated feed prices, impacting profitability and supply chain efficiency. As raw material costs surge, businesses face challenges in maintaining competitive pricing, which can reduce consumer demand and disrupt market growth across affected sectors.

Impact of Covid-19 on the Prepared Animal Feed Market

The COVID-19 pandemic significantly impacted the Prepared Animal Feed market, disrupting supply chains and production processes due to lockdowns and labour shortages. The closure of feed mills and transportation restrictions led to delays in feed production and distribution. Additionally, the closure of restaurants and food services decreased demand for certain animal products, affecting the livestock industry. However, the increased focus on food security and rising awareness of animal health and nutrition helped sustain demand for animal feed in some regions. The market showed signs of recovery as economies reopened and agricultural sectors resumed operations post-pandemic. Introduction of the Prepared Animal Feed Market

The Prepared Animal Feed Market encompasses various processed products designed to meet the nutritional needs of livestock, poultry, fish, and other anima...

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...

This dataset contains Food Prices data for Benin, sourced from the World Food Programme Price Database. The World Food Programme Price Database covers foods such as maize, rice, beans, fish, and sugar for 98 countries and some 3000 markets. It is updated weekly but contains to a large extent monthly data. The data goes back as far as 1992 for a few countries, although many countries started reporting from 2003 or thereafter.

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.