Feed Ingredients Market

Global Feed Ingredients Market Size (2024 to 2032)

The global feed ingredients market was valued at USD 94.3 billion in 2023 and is anticipated to reach USD 100.80 billion in 2024 from USD 171.91 billion by 2032, growing at a CAGR of 6.9% from 2024 to 2032.

A feed ingredient is a single component or a mixture of different components added to the feed. The ingredients are selected for their nutritional value, non-toxic effects, and also based on their cost. The primary nutrients that are essential for animals and will definitely be a part of the feed are proteins, vitamins, and minerals. Along with these sources of starch and fibre content are also added.

The ingredients generally include cereals, by-products from mills, and any other nutritional sources. By-products from plants and animals and those that are not suitable for human consumption also find their way into animal feed. Ingredients that make the animals consume more feed or those that make them take food voluntarily are also included in the feed. Micronutrients required for the animals are also being manufactured in recent years.

Market Drivers and Restraints

Increasing food safety concerns, especially regarding the quality of meat and animal products, is the major factor driving the growth of feed ingredients markets. Increasing demand for nutritional feed for animals, rising number of animal infections, the thriving trend of nurturing companion animals and the requirements of farmers to increase the production as well as the rate of production of meat is expected to propel the market. However, stringent regulations on meat and its products by international agencies and a lack of awareness among many farmers regarding the feed requirements of the animals are restraining the market growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Feed Ingredients Market By Ingredient Type

Cereals hold the largest market share in this segment. This is because cereals have high protein content, starch content, and small amounts of minerals. Cereals are further segmented into Wheat, Corn, Barley, Sorghum, Rye, and others. Corn is dominantly used in animal feed in several countries. However, it also depends upon the availability and cost of that particular cereal in the country. Protein Meals are further categorized into Plant protein sources and Animal Protein Sources.

Global Feed Ingredients Market By Supplement Type

The other supplements include sweeteners, acidifiers, amino acids and flavors. Vitamins and minerals are the most important supplements required for animals.

REGIONAL ANALYSIS

The Asia Pacific leads the feed ingredients market. Asia Pacific is the largest poultry and cattle producer in the world. It has huge demand for animal feed which resulted in the increase in demand for feed ingredients. The increase in exports of feed ingredients form developing countries is also driving the market growth. Europe is the fastest-growing market as it is the largest importer of feed ingredients. Major companies are gaining a foothold in this region to expand their market.

KEY MARKET PLAYERS

Some of the major players in the Feed Ingredients market are BASF, Adisseo, Bunge, Cargill, Ingredion Incorporated, DSM, Novus International Inc., Alltech, Archer Daniels Midland Company, and Yara.

DETAILED SEGMENTATION OF THE GLOBAL FEED INGREDIENTS MARKET INCLUDED IN THIS REPORT

This research report on the global feed ingredients market is segmented and sub-segmented into the following categories.

By Ingredient Type

• Cereals
• Protein Meal
• Fats and Oils
• Feed additives
• others

By Supplement Type

• Vitamins
• Enzymes
• Antibiotics
• Antioxidants
• Minerals
• Others

By Animal Type

• Poultry
• Ruminants
• Swine
• Aquaculture
• others

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa