Global Animal Feed Market Projected to Reach $XX Billion by 2030

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The global animal feed market is projected to reach USD 705.15 billion by 2034, growing at a 4% CAGR from USD 465.65 billion in 2024. This growth is driven by increasing demand for livestock products and advancements in feed production technologies.

United States of America [17-July-2025] – Market Report by The Insight Partners

The global animal feed market is poised for significant growth, expected to reach USD XX billion by 2030, growing at a robust compound annual growth rate (CAGR) of XX%, according to the latest report by The Insight Partners. The surge in demand for animal protein, coupled with increasing livestock farming and advancements in feed formulation, is driving the market expansion worldwide.

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Increasing Livestock Production and Demand for Quality Feed

The rising global population and shifting dietary preferences toward meat, dairy, and other animal products have accelerated the need for efficient and nutritious animal feed. Sustainable and scientifically formulated feeds are becoming essential to enhance livestock productivity, health, and overall yield.

Key factors fueling market growth include:

  • Growing demand for meat, eggs, and dairy products globally
  • Increasing adoption of advanced feed additives and nutritional supplements
  • Expansion of intensive farming practices and large-scale livestock production
  • Rising awareness about animal health and feed safety standards

Market Insights

  • Feed Type: Compound feed dominates the market due to balanced nutrition and ease of use
  • Livestock Type: Poultry feed holds a significant market share, followed by cattle and swine feed
  • Geographic Trends: Asia-Pacific leads growth driven by large livestock populations and increasing meat consumption, while North America and Europe focus on feed innovation and regulatory compliance

Leading Market Players

Key players driving innovation and growth in the animal feed industry include:

  • Cargill, Incorporated
  • Archer Daniels Midland Company
  • Nutreco N.V.
  • DSM Animal Nutrition & Health
  • Evonik Industries AG
  • Alltech, Inc.

These companies emphasize research and development, product diversification, and sustainable feed solutions to meet evolving market demands.


About The Insight Partners

The Insight Partners is a global market research and advisory firm offering actionable intelligence and deep insights across various industries. Their animal feed market report delivers comprehensive analysis, forecasting, and competitive landscape information through 2031.

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