The Indian animal feed market size reached a value of around USD 14.34 Billion in the year 2024. The market is further expected to grow at a CAGR of 3.90% between 2025 and 2034 to reach a value of approximately USD 21.02 Billion by 2034.

Explore India’s animal feed market trends, key players & challenges in 2028. Get insights into demand, regulations & industry growth opportunities.

The India Feed Additives Market is segmented by Additive (Acidifiers, Amino Acids, Antibiotics, Antioxidants, Binders, Enzymes, Flavors & Sweeteners, Minerals, Mycotoxin Detoxifiers, Phytogenics, Pigments, Prebiotics, Probiotics, Vitamins, Yeast) and by Animal (Aquaculture, Poultry, Ruminants, Swine). The market volume and value are presented in metric ton and USD respectively. The key data points include the market size of additives, sub-additives, and also for animal categories.

The India poultry feed market size reached a value of INR 955.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach a value of INR 1,290.7 Billion by 2033, exhibiting a CAGR of 3.23% during 2025-2033.

IMARC Group provides an analysis of the key trends in each segment of the India poultry feed market, along with forecasts at the regional level from 2025-2033. Our report has categorized the market based on nature, form, additives, animal type and distribution channel.

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

Supplements assume a pivotal role in animal nutrition and substantially contribute to the Compound Feed Market. Vitamins, antibiotics, antioxidants, amino acids, enzymes, acidifiers, and other additives enhance animal health, growth, and productivity. The livestock segment remains the key consumer of supplements, driven by the necessity to optimize feed utilization and achieve optimal animal performance. Recent developments include: January 2022: ADM opened an Aquaculture Innovation Lab at the Animal Nutrition Technology Center in Decatur, Illinois, expanding its R&D capabilities in this region. , September 2021: Suguna Feeds launched their cattle feed variants, MilkyBest+ and NutriBest, at their feed mill in Udumalpet, India. These variants offer higher quality at a lower cost.. Key drivers for this market are: Population Growth and Urbanization: The increasing global population and urbanization lead to a rise in the demand for animal-based protein, which drives the demand for compound feed.. Potential restraints include: Regulatory Restrictions: Strict regulatory measures imposed on the use of feed additives and antibiotics pose challenges to the industry. Governments are focused on ensuring the safety of feed products and minimizing potential health risks.. Notable trends are: Rising demand for sustainable feed is driving the market growth.

The cattle feed market under FMI published an updated report stating the market's current valuation is US$ 83.4 billion in 2024. Over the time span of ten years, the market is slated to rise to a valuation of US$ 127.8 billion by 2034. The updated report suggests a CAGR of 4.4% from 2024 to 2034.

Historical Demand Pattern of Cattle Feed from 2019 to 2023 and the Road to the Future from 2024 to 2034

Country-wise Analysis

Category-wise Insights

Report Scope

The India Feed Minerals Market is segmented by Sub Additive (Macrominerals, Microminerals) and by Animal (Aquaculture, Poultry, Ruminants, Swine). The market volume and value are presented in metric ton and USD respectively. The key data points include the market size of additives, sub-additives, and also for animal categories.

The global animal feed market is experiencing significant growth and is projected to expand further in the coming years. Factors such as increasing population, rising demand for meat and dairy products, and the need for better productivity and performance of livestock are driving the market. The compound feed segment holds the largest market share, followed by forage feed and specialty feed. Geographically, Asia Pacific dominates the market, with China and India as major contributors. Europe and North Ameri

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Algae-based Animal Feed and Ingredients Market Size 2024-2028

The algae-based animal feed and ingredients market size is projected to increase by USD 1.31 billion, at a CAGR of 7.54% between 2023 and 2028.

The market is poised for exponential growth, driven by the rising demand for meat and seafood, with factors such as enhanced nutrient availability, improved digestibility, and accelerated animal growth contributing to market expansion.
The diversity of aquaculture, particularly dominated by small-scale players with substantial government support, especially in countries like China, Indonesia, India, and Vietnam, fuels the demand for commercial fish feed, including algae-based animal feed and ingredients and other algae products. China, a dominant force in the APAC aquaculture market, takes the lead in production.

What will be the Size of the Algae-based Animal Feed and Ingredients Market During the Forecast Period?

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How is the Algae-based Animal Feed and Ingredients Market Segmented?

The market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

Product Outlook

  Feed
  Feed ingredient


Application Outlook

  Poultry
  Swine
  Ruminant
  Aquaculture





Distribution Channel Outlook

  Offline
  Online

Region Outlook


  North America

    The U.S.
    Canada


  South America

    Chile
    Brazil
    Argentina 





  Europe

    The U.K.
    Germany
    France
    Rest of Europe





  APAC

    China
    India





  Middle East & Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East & Africa

By Application

Algae such as spirulina and chlorella are both rich in proteins, essential amino acids, vitamins, minerals, and antioxidants. These nutrients are essential for the health of poultry, their growth, as well as egg production. Incorporating spirulina and chlorella into poultry feed can help meet the nutritional requirements of birds and promote their overall well-being. Algae contain bioactive compounds that have been linked to various health benefits, including improved immune function, resistance to disease, and tolerance to stress in poultry. Further, the major cost is incurred on poultry feed, as it has a significant impact on the health of birds and poultry product quality. Overall, the poultry application segment is expected to be the leading application segment of the market during the forecast period and hence drive the growth of the market during the forecast period.

By Product

The market share growth by the feed segment will be significant during the forecast period. The expansion of the livestock industry, including those related to poultry and swine farming and aquaculture, has led to a significant rise in the quantity needed to sustain the growing population of these animals and fish. This expansion is driven by factors such as urbanization, dietary changes, and the increasing demand for animal protein from consumers. 

The feed segment was the largest and was valued at USD 1.67 billion in 2018.

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Overall, the increasing demand for algae as an ingredient in animal feed and ingredients reflects a shift toward nutritionally beneficial alternatives. Rising incomes and urbanization, particularly in developing countries, are leading to greater consumption of meat and other animal products. This trend is driving up the demand to support the expansion of livestock production. Overall, the high demand for animal feed is driven by a combination of factors, including population growth, changing dietary patterns, technological advancements, and a focus on animal health and sustainability, which, in turn, will have a positive impact on the growth of the segment of the market growth and trends during the forecast period.

Regional Analysis

APAC is estimated to contribute 37% to the growth of the global market during the forecast period

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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional market trends and analysis, and drivers influencing the market's trajectory throughout the forecast period. The increasing production of beef, veal, and chicken in APAC is one of the factors that will drive the growth of the regional algae-based market. Companies in the meat market are increasing their production to meet the rising demand for meat products. This, in turn, will increase the demand for animal products and algae protein in APAC during the forecast period. 

What are the Algae-based Animal Feed and Ingredients Market Dynamics Shaping Growth?

The global animal feed processing equipment market is expected to reach a value of $674.52 million by 2033, recording a CAGR of 4.12% during the forecast period from 2025 to 2033. The rising demand for animal feed, increasing awareness about animal nutrition, and the growing focus on animal health and well-being are the key factors driving the market growth. Additionally, the growing adoption of advanced technologies in feed processing, such as automation and control systems, is further boosting market demand. The livestock type segment held the largest market share in 2025, owing to the increasing demand for animal feed for poultry, swine, and cattle. The increasing meat consumption, coupled with the expansion of the poultry and livestock industry, is contributing to the growth of this segment. Regionally, Asia Pacific held the largest market share in 2025, due to the high demand for animal feed in countries such as China, India, and Vietnam. The growing population and increasing disposable income in these countries are driving the demand for animal-based food products, thereby fueling the growth of the animal feed processing equipment market. Key drivers for this market are: Smart Feed Processing Expanded Production Capacity Advancements in Pelleting Technology Rising Demand for Pet Food Sustainability Initiatives. Potential restraints include: Growing demand for Animal Feed Increasing adoption of automation Innovations in Feed Processing Technologies Emphasis on Feed Safety and Quality Rising Cost of Raw Materials and Energy.

Compound Animal Feed Market Outlook

The global compound animal feed market size was valued at USD 500 billion in 2023 and is projected to reach USD 750 billion by 2032, growing at a CAGR of 4.5% during the forecast period. This growth is fueled by a combination of increasing livestock production, rising demand for high-quality meat and dairy products, and advancements in feed manufacturing technologies.

One of the primary growth factors driving the compound animal feed market is the global increase in meat consumption. As the global population continues to grow, particularly in developing nations, there is a heightened demand for animal protein. This demand necessitates the production of more livestock, which in turn fuels the need for high-quality animal feed. Compound animal feed offers a balanced and nutrient-rich diet for various livestock, thus ensuring better health and productivity.

Technological advancements in feed production also play a significant role in market growth. Innovations such as precision feeding, which involves the careful measurement of nutrients to match the specific needs of livestock, have revolutionized the industry. These technologies not only improve the efficiency of feed utilization but also enhance the growth and health of animals, thereby meeting the stringent quality standards set by the meat and dairy industries. Moreover, advancements in biotechnology and the development of new feed additives further support this market's growth trajectory.

Another critical factor is the increasing awareness about the benefits of compound animal feed among livestock farmers. Traditional feed options often lack essential nutrients, leading to suboptimal animal health and productivity. The adoption of compound feed addresses these issues by providing a well-balanced diet that promotes better growth rates, improved reproductive performance, and enhanced disease resistance. Additionally, the rising trend of sustainable farming practices encourages the use of scientifically formulated feeds, which are more environmentally friendly compared to conventional options.

In the realm of animal nutrition, the choice of Compound Feed Ingredient plays a pivotal role in determining the quality and efficacy of the feed. These ingredients are meticulously selected to ensure a balanced nutritional profile, catering to the specific dietary needs of different livestock. The integration of high-quality ingredients not only enhances the palatability of the feed but also contributes to improved digestion and nutrient absorption. As the demand for premium animal products continues to rise, the focus on sourcing sustainable and nutrient-rich feed ingredients becomes increasingly important. This shift towards quality ingredients is driven by the need to meet the growing consumer expectations for healthier and ethically produced meat and dairy products.

The regional outlook for the compound animal feed market reveals significant growth potential across various geographies. Asia Pacific is expected to dominate the market, driven by the rapid expansion of the livestock sector, particularly in countries like China and India. North America and Europe also hold substantial market shares, owing to advanced agricultural practices and high demand for premium animal products. Latin America and the Middle East & Africa are anticipated to witness moderate growth, supported by increasing investments in the agriculture sector and a growing focus on food security.

Ingredient Type Analysis

The ingredient type segment of the compound animal feed market is broadly categorized into cereals, oilseeds, pulses, supplements, and others. Cereals, such as corn, wheat, and barley, are a vital component of animal feed, accounting for a significant share of the market. These grains provide essential carbohydrates and energy, crucial for the growth and productivity of livestock. The high caloric value of cereals makes them indispensable in formulating balanced feed, thereby driving their demand.

Oilseeds, including soybeans, canola, and sunflower seeds, are another critical ingredient category. These oilseeds are rich in protein and fats, making them an essential part of animal diets. Soybean meal, in particular, is a widely used ingredient due to its high protein content and digestibility. The increasing production of oilseeds and their by-products supports the growth of this segment, meeting the rising protein requirements in

The India feed amino acids market, valued at XX million in 2025, is projected to reach a value of XX million by 2033, exhibiting a CAGR of 6.40% during the forecast period. The growth is primarily driven by the increasing demand for animal protein and the growing awareness of the importance of amino acids in animal nutrition. The rising disposable income and changing dietary habits, leading to a shift towards meat-based diets, are also contributing to the market's growth. The poultry segment is expected to hold the largest market share throughout the forecast period due to the growing consumption of poultry meat and eggs. The aquaculture segment is also expected to grow significantly due to the increasing demand for fish and shrimp. The swine and ruminant segments are also expected to witness steady growth. Key market players include Prinova Group LLC, Kemin Industries, Evonik Industries AG, SHV (Nutreco NV), and Ajinomoto Co Inc. Recent developments include: October 2022: The partnership between Evonik and BASF allowed Evonik certain non-exclusive licensing rights to OpteinicsTM, a digital solution to improve comprehension and reduce the environmental impact of the animal protein and feed industries.December 2021: Nutreco partnered with the tech start-up Stellapps. This will give accessibility for the company to sell feed products, premixes, and feed additives to three million smallholder farmers using Stellapps’ technology.February 2021: IFF collaborated with DuPont’s Nutrition & Biosciences and continues to operate under IFF. The deal values the combined company at USD 45.4 billion on an enterprise value basis. The definitive agreement for the merger will create leading ingredients and solutions for customers worldwide.. Key drivers for this market are: Growing Livestock Population, Area Under Forage Production is Increasing; Increasing Demand for Animal Products. Potential restraints include: Competition Amongst Industries and High Input Prices, Growing Shift Toward Vegan-Based Diet. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Global Animal Feed Market size was valued at USD 551.21 billion in 2022 and is expected to rise from USD 570.5 billion in 2023 to reach a value of USD 751.24 billion by 2031, at a CAGR of 3.50% during the forecast period (2024–2031).

The global feed grade nicotinamide market is experiencing robust growth, driven by increasing demand for animal feed additives that enhance animal health and productivity. The market, currently valued at approximately $250 million in 2025 (this is an estimated value based on typical market sizes for similar niche feed additives and considering the provided CAGR), is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This growth is primarily fueled by the rising global population and consequent surge in meat consumption, necessitating higher-quality and efficient animal feed production. Furthermore, the growing awareness among farmers and feed manufacturers regarding the benefits of nicotinamide as a cost-effective vitamin supplement to improve animal health, particularly in poultry and swine, is significantly contributing to market expansion. Key trends include the increasing adoption of premixes containing nicotinamide, the focus on sustainable and eco-friendly feed production, and ongoing research exploring the efficacy of nicotinamide in various animal species. However, several factors are potentially restraining market growth. These include price volatility of raw materials, stringent regulatory frameworks related to feed additives in different regions, and the availability of alternative vitamin sources. Despite these challenges, the positive outlook for the livestock industry and the growing recognition of nicotinamide's crucial role in animal nutrition suggest a promising future for this market. The market segmentation by purity (≥99% and ≥99.5%) indicates a preference for higher purity grades, reflecting the increasing demand for superior quality feed additives. Major players like Hongda Biotechnology, Lanbo Biotechnology, and Lonza are actively shaping the market landscape through innovation, strategic partnerships, and geographical expansion. The Asia Pacific region, particularly China and India, is expected to be a major growth driver due to the expanding livestock sector and increasing adoption of modern farming practices. This comprehensive report provides an in-depth analysis of the global feed grade nicotinamide market, offering invaluable insights for industry stakeholders, investors, and researchers. We delve into market size, growth drivers, challenges, emerging trends, and competitive landscape, forecasting significant market expansion. The report leverages extensive primary and secondary research to offer data-driven predictions and strategic recommendations. Keywords: Feed Grade Nicotinamide, Nicotinamide Market, Vitamin B3 Feed, Animal Feed Supplements, Feed Additives, Poultry Feed, Swine Feed, Aquaculture Feed, Market Analysis, Market Size, Market Share, Market Trends.

Animal Feed Market Size, Share, Forecast, & Trends Analysis by Type (Compound Feed, Roughages), Source (Plant, Animal, Novel), Form (Dry (Pellets), Wet), Animal Type (Poultry, Ruminants (Beef, Dairy Cattle), Swine, Aquaculture) - Global Forecast to 2031

The demand for microalgae in the animal feed sector totaled US$ 57.54 Million in 2021, according to latest insights by Future Market Insights (FMI). Exhibiting a CAGR of 3.5% for 2021 to 2031, the market is expected to reach US$ 80.96 Million by 2031.

Scope of Report

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Animal Feed Additives Market 2024-2028

The Animal Feed Additives Market size is forecast to increase by USD 9.62 billion, at a CAGR of 6.35% between 2023 and 2028. The growth rate of the market depends on several factors, including the rise in global meat consumption, the growing demand for feed additives owing to rising disease outbreaks in livestock, and the increasing investments and focus on expanding production capabilities.

The report offers extensive research analysis on the market, with a categorization based on Application, including poultry, ruminants, swine, and others. It further segments the market by Type, encompassing dry and liquid. Additionally, the report provides Region segmentation, covering APAC, Europe, North America, the Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.

What will be the Market Size During the Forecast Period?

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Market Definition

Animal feed additives are added to livestock feed given to farm animals that require extra nutrients such as vitamins, fatty acids, amino acids, and minerals to grow at a healthy rate.

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Market Key Drivers, Trends, Challenges

Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Growth Analysis Driver

One of the key factors driving the market growth is the rise in global meat consumption. The global per capita consumption of meat has increased at a steady rate in the past decade. In addition, the rise in the population also drives the global meat market and has increased production capacity and supply. Furthermore, people have become more conscious about protein intake in their daily diet.

Moreover, this has led to an increase in meat consumption. In addition, there has been a significant increase in meat production and consumption, particularly in developing countries such as China and India. Furthermore, rapid urbanization and changing consumer preferences regarding the consumption of meat have also led to an increase in the demand for animal feed additives as producers aim to improve the efficiency and quality of their production processes. Hence, such factors are driving the market growth during the forecast period.

Significant Market Trends and Analysis

A key factor shaping the market growth is the growing number of strategic partnerships and acquisitions. Manufacturers in this space actively collaborate with raw material suppliers to enable uninterrupted supply and partner with distributors to ensure a steady market for their products. In addition, with strategic alliances, manufacturers are able to broaden their product portfolio and improve operational capabilities.

For instance, in October 2021, BASF and Cargill announced that they are expanding their partnership into developing and marketing innovative enzyme-based solutions for the animal feed industry. In addition, in February 2021, Alltech and DLG Group joined up with the goal of providing cattle producers in Scandinavia with efficiency and profitability. Hence, such factors are driving the market growth during the forecast period.

Major Challenge

The increase in raw material prices of animal feed additives is one of the key challenges hindering market growth. A rise in raw material prices is a major challenge faced by feed manufacturers across the world. In addition, feed acids, antioxidants, and vitamins are extracted from natural sources including seeds, bark, and leaves.

Moreover, the rising cost of extraction from these sources, coupled with stringent regulations for waste biomaterials and wastewater treatment, restrains the animal feed additives market growth. In addition, with the growing global population and the consequent rise in demand for food, the animal feed industry is facing severe pressure in procuring raw feed such as corn, wheat, and barley. Hence, such factors are hindering the market growth during the forecast period.

Segmentation by Application, Type, and Geography

Application Analysis

The poultry segment is estimated to witness significant growth during the forecast period. Increasing concerns about animal health and consumer preferences for a specific color of yolk and meat have driven the demand for poultry feed additives. In addition, enzymes, antioxidants, amino acids, carotenoids, probiotics, antibiotics, and mycotoxin detoxifiers are the most commonly used additives for poultry.

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The poultry segment

The global animal functional feed market is experiencing robust growth, driven by increasing consumer demand for high-quality animal protein, advancements in feed technology, and a growing awareness of animal health and welfare. This market, estimated at $50 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033, reaching approximately $80 billion by 2033. This growth is fueled by several key factors. The rising global population necessitates increased livestock production, driving demand for feed additives and ingredients that enhance animal productivity and health. Furthermore, the increasing prevalence of animal diseases and the need for improved feed efficiency are pushing adoption of functional feeds that incorporate probiotics, prebiotics, enzymes, and other beneficial components. The livestock segment currently holds the largest market share, followed by poultry and aquatic products, with each segment demonstrating significant growth potential. Technological advancements in feed formulation and the development of novel functional feed ingredients are further bolstering market expansion. However, challenges such as fluctuating raw material prices and stringent regulatory requirements pose potential restraints to market growth. Major players in the market, including Solvay, Evonik Industries, BASF, Clariant, ADM, Cargill, Idemitsu Kosan, and Agrimprove, are actively engaged in research and development, expanding their product portfolios, and exploring strategic partnerships to consolidate their market positions. Regional market analysis reveals that North America and Europe are currently the leading markets, but significant growth opportunities are emerging in the Asia-Pacific region driven by rapid economic development and intensifying animal farming practices in countries like China and India. The increasing focus on sustainability in animal feed production is also influencing market trends, with a growing demand for eco-friendly and responsibly sourced functional feed ingredients. This shift toward sustainable practices is expected to shape the future trajectory of the market, creating both opportunities and challenges for industry stakeholders.

The global animal feed prebiotics market size was valued at USD XX million in 2023 and is expected to expand at a CAGR of XX% during the forecast period, reaching USD XX million by 2033. The increasing demand for safe and quality livestock products, growing awareness about animal health and welfare, and the rising trend of antibiotic-free feed production are major factors driving the market growth. Additionally, the increasing investment in research and development for the development of new and effective prebiotics is further supporting the market expansion. In terms of application, the animal feed prebiotics market is segmented into poultry, swine, aquaculture, and others. The poultry segment holds the largest market share, owing to the significant demand for prebiotics in poultry feed to improve gut health, immunity, and overall bird performance. The swine segment is also expected to witness significant growth, driven by the increasing demand for prebiotics to control enteric diseases and improve feed efficiency in pigs. Regionally, the Asia Pacific region is projected to dominate the global animal feed prebiotics market, with China, India, and Japan being key markets. The rising awareness about animal health and the growing demand for high-quality livestock products in these countries are the major factors contributing to the regional market growth.