BUCHAREST – May 9, 2024 – the feed and animal nutrition market is experiencing substantial advancements. Driven by factors like rising incomes and population growth, key players are influencing its trajectory. In 2024, the market was valued over $533 billion. Further analysis reveals insights into the future.
Feed and Animal Nutrition Market: Trends, Growth, and Key Players
Market Overview: A Booming Sector
The feed and animal nutrition market is experiencing robust growth, driven by increasing demand for animal-based food products and a rising awareness of animal health. The market, valued at $533.73 billion in 2024, is projected to reach $572.31 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.2%. By 2029, the market is expected to surge to $745.62 billion, with a CAGR of 6.8%.
Several factors contribute to this expansion:
- Rise in livestock farming
- Increased consumption of meat and dairy products
- Rising incomes in developing countries
- Urban migration
- Favorable agricultural subsidies
- global population growth
Key Market Segments
The feed and animal nutrition market is segmented based on product type, species, administrative method, and application.
Product Type
- Amino Acids: Lysine, Methionine, Threonine, Tryptophan
- Vitamins: Vitamin A, Vitamin D, Vitamin E, Vitamin K, B Vitamins
- Minerals: Macro Minerals (e.g., Calcium, Phosphorus), Micro Minerals (e.g., Zinc, copper)
- Enzymes: Protease, Amylase, Phytase, Lipase
- Fish Oils and Nutrition Lipids: Omega-3 Fatty Acids, omega-6 Fatty Acids, Marine Fish Oils, Plant-Based Lipids
- Eubiotics: Probiotics, Prebiotics, Organic Acids, Symbiotics
- Carotenoids: Beta-carotene, Lutein, Astaxanthin, Canthaxanthin
- Other Product Types: Fiber Supplements, Proteins and Hydrolysates, Flavoring Agents, Trace Elements
Species
- Poultry
- Swine
- Ruminants
- Pets
- Other species
Administrative Method
- Oral
- Topical
- Injection
Application
- Veterinarians
- Animal Feed Manufacturers
- Households
- Farms
- Other Applications
Driving Forces Behind Market Evolution
the increased demand for animal-based food products is a primary driver of the feed and animal nutrition market. Meat, dairy, and poultry products are essential protein sources in global diets. Rising demand is fueled by population growth, evolving food preferences, and a need for high-quality protein. Feed and animal nutrition enhance production efficiency, ensure animal health, and maintain food safety.
Such as, in June 2023, the FAO projected global meat production to rise from 356.9 million metric tons in 2021 to 363.9 million in 2023. Poultry production was forecast to reach 142.7 million metric tons in 2023, up from 138.2 million in 2021.
Therefore, increased consumption of animal-based foods is propelling the feed and animal nutrition market.
Major players in the Market
Key companies operating in the feed and animal nutrition market include:
- Cargill Incorporated
- Archer Daniels Midland Company
- BASF SE
- Tyson Foods Inc.
- Evonik Industries AG
- Charoen pokphand Foods Public Company Limited
- Land O’Lakes Inc.
- Koninklijke DSM N.V.
- De Heus Animal Nutrition B.V.
- Nutreco N.V.
- Elanco Animal Health Incorporated
- Wilbur-Ellis Company LLC
- Alltech Inc.
- Royal Agrifirm Group B.V.
- ForFarmers N.V.
- Trouw nutrition USA LLC
- Kemin Industries Inc.
- Lallemand Inc.
- Phibro Animal Health Corporation
- Balchem Corporation
- Ridley Corporation Limited
- Kent Nutrition Group Inc.
- Novus International Inc.
- Manna Pro Products LLC
- zinpro Corporation
- Diamond V Mills Inc.
- Vita Plus Corporation
- BIOMIN holding GmbH
- Hi-pro Feeds LP
Emerging Trends: In-feed Sweeteners
Major firms are focusing on innovative products like in-feed sweeteners to enhance feed palatability and promote consumption during essential growth phases. These sweeteners, both natural and synthetic, improve the taste of animal feed, particularly for livestock and pets.
For instance, The Archer-Daniels-Midland Company (ADM) introduced its product line SUCRAM in November 2022, offering in-feed sweetening solutions for livestock. The product line includes SUCRAM M’I Sweet and SUCRAM Specifeek – in-feed sweeteners especially formulated to amplify the taste of young animal feed, most notably in piglets.
The objective is to amplify feed consumption and optimize efficiency while supporting animal health and welfare.
These non-saccharin sweeteners stimulate feed consumption when transitioning from liquid to solid feed, enhance nutrient absorption, fortify gut health, and boost the growth and performance of pigs during this critical phase.
