Discover trends, market shifts, and competitive outlooks for the animal food industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Is the Estimated Market Size of the Animal Food Market In 2029?

The size of the animal feed market has seen robust growth in the past few years. The market, currently valued at $277.69 billion in 2024, is projected to increase to $301.09 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.4%. This upward trend during the historical period can be traced back to factors such as increased pet ownership, expansion of animal agriculture, the trend of treating pets as family members, a rise in meat consumption worldwide, as well as stringent regulations and standards.

In the coming years, the animal food market is predicted to experience substantial growth, with projections of reaching $412.78 billion by 2029, reflecting a compound annual growth rate (CAGR) of 8.2%. This expected surge during the forecast period can be ascribed to factors such as the focus on pet health and wellness, considerations for sustainable and ethical sourcing, customization and personalization of diets, and the rise of digital marketing and e-commerce. The major trends anticipated for this period encompass grain-free and grain-inclusive diets, protein-focused and meat-centric formulations, organic and natural pet food, alternate protein sources, and functional ingredients.

Download a free sample to assess the report’s scope and structure:

https://www.thebusinessresearchcompany.com/sample.aspx?id=2053&type=smp

Which Factors and External Forces Are Driving Demand in the Animal Food Market?

The expansion of the animal and pet food market is bolstered by the consistent economic development anticipated in numerous developed and developing nations. As an illustration, the Organisation for Economic Co-operation and Development, a France-based international body, approximated in May 2024 that the global GDP growth will continue at a steady pace of 3.1% in 2024, consistent with the rate from 2023, with a minor surge to 3.2% forecasted in 2025. The market’s growth is likely to be further fuelled by rebounding commodity prices following their significant drop during the historical span. Stable expansion is also expected from developed economies throughout the prediction period. Furthermore, emerging markets are anticipated to maintain a slightly brisker growth than their developed counterparts throughout the same period. This economic stability is predicted to propel investments in end-user markets, which in turn is anticipated to drive the market throughout the forecast period.

Which Segments in the Animal Food Offer the Most Growth?

The animal food market covered in this report is segmented –

1) By Type: Poultry Feed, Cattle Feed, Aquaculture Feed, Other Animal Food

2) By Ingredients: Cereal, Oilseed Meal, Supplements, Other Ingredients

3) By Distribution Channel: Super markets/Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels

Subsegments:

1) By Poultry Feed: Broiler Feed, Layer Feed, Breeder Feed

2) By Cattle Feed: Dairy Cattle Feed, Beef Cattle Feed, Calf Feed

3) By Aquaculture Feed: Fish Feed, Shrimp Feed, Shellfish Feed

4) By Other Animal Food: Swine Feed, Horse Feed, Pet Food for Specialty Animals (Rabbits, Guinea Pigs)

Request customized data on this market:

https://www.thebusinessresearchcompany.com/customise?id=2053&type=smp

What Are the Fastest-Growing Geographies in the Animal Food Market?

Asia-Pacific was the largest region in the animal food market in 2023. Western Europe was the second-largest region in the animal food market. The regions covered in the animal food market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which Cutting-Edge Market Trends Are Expected to Drive the Animal Food Market’s Growth?

The heightened understanding of the benefits of probiotics on animal health by cattle farmers and pet owners is driving the surge in the use of probiotics in animal feed for farm animals such as cattle, horses, ruminants, and poultry. Progression in molecular biology and gene sequencing is enabling researchers to delve deeper into discovering new probiotics uses for animals, feed, and consumer-packaged health goods. The marked increase in the uptake of probiotics in animal feed for farm animals has revealed positive outcomes in aspects like animal performance, digestion, and immunity. For example, Bactana Animal Health, a company located in the US, has finished its preliminary funding round to develop a new bacterial strain of Faecalibacterium prausnitzii for commercial livestock application.

View the full report here:

https://www.thebusinessresearchcompany.com/report/animal-food-global-market-report

What Are the Key Elements That Define the Animal Food Market?

Animal food refers to food for domestic animals, especially livestock, in the course of animal husbandry. These are intended for use as a substantial source of nutrients in the diet of the animal.

Purchase the full report and get a swift delivery:

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2053

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model