Animal Feed Ingredients Market By Additive Type (Amino Acids, Feed Enzymes, and Others (Antibiotics, Vitamins, Minerals, Antioxidants, and Blinders)), By Form (Dry and Liquid), By Livestock (Poultry, Aquatic Animal, and Others (Swine, Ruminants, Pets and birds)) and By Region (North America, Europe, Asian Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2034

Report Code: PMI370019 | Publish Date: March 2024 | No. of Pages: 170

Global Animal Feed Ingredients Market Overview

Animal Feed Ingredients Market was valued at USD 43.7 Billion in 2024 and is projected to grow at a CAGR of 26.40% to reach USD 367.4 Billion by 2034.

Animal feed ingredient is the feed for the animals in the animal husbandry.  The ingredients in the food increase the proteins in the feed to improve the intake capacity of animals. The protein intake of animals increases the value and volume of the animals. The animal feed ingredients include amino acids, important enzymes for feed, antioxidants, vitamins, minerals, blinders, and another important ingredients. Animal feed ingredient increases the quality and quantity of the animals in the animal husbandry. Animal feeds are required in poultry farms, to feed aquatic animals, to gain more mass of swine, and ruminants. To keep the pets and birds healthy the feed ingredient plays an important role.

Increasing the requirement of feed to the populace with a reasonable environmentally and healthy maintainable method has indicated to increasing need for protein products in animal feed to reach the demand of protein uptake will have a positive response on the animal feed ingredients market. For instance, The United Nations Food and Agriculture Organization (FAO) estimated that by the year 2050, the demand for food will increase by 60%. Animal feed ingredients receive fame because of their capability to rise in nutritional value of the food products derived from animals which is the driving factor for the growth of the global market. However, increasing the price of raw materials required to make animal feed ingredients is the major restraining factor for the growth of the target market.

Global Animal Feed Ingredients Market Segmentations & Regional Insights

The animal feed ingredients market is segmented based on additive type, form, livestock, and region. On the basis of additive type, the animal feed ingredients market is classified into amino acids, feed enzymes, and others (antibiotics, vitamins, minerals, antioxidants, and blinders). Based on form, the global market is bifurcated into dry and liquid. Also, on the basis of livestock the target market is classified as poultry, aquatic animals, and others (swine, ruminants, pets, and birds). On the basis of region, the animal feed ingredients market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Asia Pacific region market dominates the global market in terms of revenue over the forecast period. This can be attributed to the high rate of adoption of the advanced technologies in the market studied. The presence of key players such as BASF SE, in the target market is also a major factor for the growth of this region.

Animal Feed Ingredients Market, By Additive Type:

  • Amino Acids
  • Feed Enzymes
  • Others (Antibiotics, Vitamins, Minerals, Antioxidants, and Blinders)

Animal Feed Ingredients Market, By Form:

  • Dry
  • Liquid

Animal Feed Ingredients Market, By Livestock:

  • Poultry
  • Aquatic Animal
  • Others (Swine, Ruminants, Pets and birds)

Animal Feed Ingredients Market, By Region:

  • North America
    • Middle East & Africa
      • Middle East & Africa Animal Feed Ingredients Market, By Additive Type
      • Middle East & Africa Animal Feed Ingredients Market, By Form
      • Middle East & Africa Animal Feed Ingredients Market, By Livestock
      • Middle East & Africa Animal Feed Ingredients Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
      • Latin America Animal Feed Ingredients Market, By Additive Type
      • Latin America Animal Feed Ingredients Market, By Form
      • Latin America Animal Feed Ingredients Market, By Livestock
      • Latin America Animal Feed Ingredients Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
      • Asia Pacific Animal Feed Ingredients Market, By Additive Type
      • Asia Pacific Animal Feed Ingredients Market, By Form
      • Asia Pacific Animal Feed Ingredients Market, By Livestock
      • Asia Pacific Animal Feed Ingredients Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific                                                                                                                                                                                                
    • Europe
      • Europe Animal Feed Ingredients Market, By Additive Type
      • Europe Animal Feed Ingredients Market, By Form
      • Europe Animal Feed Ingredients Market, By Livestock
      • Europe Animal Feed Ingredients Market, By Country
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • North America Animal Feed Ingredients Market, By Additive Type
    • North America Animal Feed Ingredients Market, By Form
    • North America Animal Feed Ingredients Market, By Livestock
    • North America Animal Feed Ingredients Market, By Country
      • U.S.
      • Canada

Global Animal Feed Ingredients Market Competitive Landscape & Key Players

The key players operating the Animal Feed Ingredients market involves BASF SE, Cargill, Inc., Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V., Addcon Group, Aliphos Belgium S.A., Kemin Industries Inc., Koninklijke DSM N.V., and Phibro Animal Health Corporation. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.n

Global Animal Feed Ingredients Market Company Profile

FAQs

Animal Feed Ingredients Market was valued at US$ 43.7 Billion in 2024 and is projected to grow at a CAGR of 26.4% to reach US$ 367.4 Billion by 2034.

The Animal Feed Ingredients Market is segmented based on Additive Type, Form, Livestock and Region.

The Animal Feed Ingredients Market is driven by factors such as the growing demand for high-quality animal products, increasing meat consumption, advancements in animal nutrition research, the need for specialized feeds, and the focus on sustainable and natural feed ingredients.

Fluctuations in raw material prices, potential supply chain disruptions, concerns about the environmental impact of certain feed ingredients, regulatory considerations, and competition with alternative protein sources, acting as potential restraints for the Animal Feed Ingredients Market globally.

North America, Europe, Asia-Pacific, and Latin America. Asia-Pacific is expected to dominate the Animal Feed Ingredients Market, driven by the growing livestock population and increasing meat consumption in countries like China and India. North America and Europe are also significant markets with a focus on advanced animal nutrition and sustainable practices. Latin America may witness substantial growth due to the expanding livestock industry in the region.

The prominent players operating in the Animal Feed Ingredients Market includes, BASF SE, Cargill, Inc., Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V., Addcon Group, Aliphos Belgium S.A., Kemin Industries Inc., Koninklijke DSM N.V., Phibro Animal Health Corporation, and others.