Latest News- Animal Feed Market: Poultry is expected to lead the Type segment during 2025-2029

The Animal Feed Market is being driven by Increasing investments and expansion of production capabilities

The Animal Feed Market is expected to grow at a CAGR of 4.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 145.9 billion. The global animal feed market is experiencing significant growth due to the increasing consumption of meat on a per capita basis. According to OECD data, global meat production (including beef, poultry, and pork) reached 340 million tons in 2023, up from nearly 248 million tons in 2021. The poultry segment has shown the most notable growth, expanding by approximately 16% between 2013 and 2023. Population growth and heightened awareness of protein intake in daily diets are additional key factors fueling the expansion of the global meat industry, subsequently increasing the demand for animal feed. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Poultry
  • Swine
  • Ruminant
  • Aquaculture
  • Others
• Product
  • Pellets
  • Mash
  • Crumbles
• Source
  • Cereals
  • Protein sources
  • Additives
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing investments and expansion of production capabilities
• New product launches
• Growing number of strategic partnerships and acquisitions

However, the market also witnesses some limitations, which are as follows:

• High price of non-GMO animal feed
• Development of clean meat products
• Growing inclination for vegan food

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Market Scope in Animal Feed Market Research Report

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Research Analysis Overview

The Animal Feed Market is driven by advancements in feed innovation and technology, focusing on enhancing animal performance through improved nutritional value, palatability, and feed intake. Feed cost analysis, health management, and ingredient sourcing are key considerations. Consolidation and competition shape the industry, with regulations and standards ensuring food safety and animal welfare. Research, conferences, and publications advance industry knowledge. Sustainable production, alternative protein sources, and feed security are priority areas, with insect protein, algae protein, microbial protein, plant-based feed, and synthetic feed under exploration. Biosecurity, contamination, and adulteration are addressed through traceability systems and quality assurance. Automation, robotics, precision feeding, animal monitoring technologies, and farm data management optimize production and enhance animal welfare. Industry sustainability remains a critical focus.

Market Research Overview

In the realm of agribusiness, the animal feed market encompasses entities engaged in the production and formulation of animal nutrition solutions. This market comprises offerings such as feed additives, complete feeds for livestock (cattle, swine, poultry), and aquaculture feed. Technavio's market analysis quantifies the global animal feed market based on the consolidated revenue of the participating vendors. This assessment excludes manufacturers of feed processing equipment and producers of packaged alcoholic and non-alcoholic beverages. Market expansion will be fueled by factors including the health benefits associated with optimally formulated animal feeds, which contribute to improved animal productivity and enhanced nutritional value for consumers of meat and dairy products.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/