Global Animal Nutrition Market Size By Type (Minerals, Amino Acids), By Application (Poultry Feeds, Ruminant Feeds), By Region, And Segment Forecasts, 2023 to 2032

The Global Animal Nutrition Market is poised for substantial growth, driven by increasing awareness of animal health and productivity, a surge in the demand for animal-based products, and advancements in feed formulations. Valued at $24.5 billion in 2023, this market is projected to exceed $39 billion by 2031, with a CAGR of 6.2% during the forecast period. The focus on sustainable and effective animal nutrition is rising, as consumers and industries emphasize healthy, quality animal produce, pushing for better feed solutions enriched with vitamins, minerals, proteins, and other essential nutrients.

Drivers

Increased Focus on Animal Health and Productivity: Rising awareness among farmers and feed manufacturers about the critical role of nutrition in animal health and productivity fuels the demand for high-quality animal feed.

Rising Demand for Animal-Based Products: Growing global population and changing dietary preferences are boosting the demand for meat, dairy, and poultry products, which in turn drives the need for nutritious animal feed.

Technological Advancements in Feed Formulation: Innovations in feed technology, such as bioactive compounds and precision nutrition, are enabling more effective and customized feeding solutions.

Restraints

High Costs of Quality Ingredients: The inclusion of premium nutritional ingredients raises feed costs, which can be challenging for smaller producers.

Regulatory Challenges: Stringent regulations governing animal feed ingredients and labeling can limit flexibility in product development and slow market entry for new products.

Opportunity

Expansion in Emerging Markets: Emerging economies in Asia-Pacific and Latin America present significant growth opportunities. Increasing urbanization, income levels, and awareness of animal health in these regions are expected to drive the adoption of quality nutrition solutions.

Market by Nutrient Type Insights

The Protein segment dominates, accounting for the largest share in 2023, attributed to the essential role of protein in animal growth and development. With the rising demand for animal produce that requires efficient feed conversion, protein-rich feeds are gaining traction.

Market by End-use Insights

In 2023, the Livestock segment held the majority share, led by the extensive use of formulated feed in poultry, cattle, and swine farming. As livestock production continues to grow globally, the demand for balanced and fortified feed is expected to expand.

Market by Regional Insights

North America emerged as the largest market in 2023, driven by the well-established animal husbandry sector and high awareness of advanced nutrition solutions. However, Asia-Pacific is projected to witness the fastest growth, spurred by the expanding livestock industry and growing emphasis on animal welfare.

Competitive Scenario

Key players in the Global Animal Nutrition Market include Cargill Inc., ADM, DSM, Evonik Industries, BASF SE, Nutreco N.V., Kemin Industries, and Novus International. These companies focus on product innovation, strategic partnerships, and regional expansion. Recent advancements include DSM’s development of sustainable protein solutions and Cargill’s innovations in digestive health supplements for livestock.

Scope of Work – Global Animal Nutrition Market

Key Market Developments

2023: DSM launched a range of sustainable feed solutions aimed at improving livestock health and reducing environmental impact.

2024: Cargill expanded its feed production facilities in Asia, catering to the rising demand in emerging markets.

2025: Evonik Industries introduced a novel bioactive compound designed to enhance nutrient absorption in poultry, improving feed efficiency and productivity.

FAQs

What is the current market size of the Global Animal Nutrition Market? The market was valued at $24.5 billion in 2023.

What is the major growth driver of the Global Animal Nutrition Market? The primary driver is the increasing focus on animal health and productivity through enhanced nutrition.

Which is the largest region during the forecast period in the Global Animal Nutrition Market? North America holds the largest market share, while Asia-Pacific is expected to grow at the highest rate.

Which segment accounted for the largest market share in the Global Animal Nutrition Market? The Protein segment led the market in terms of nutrient type, owing to its critical role in animal growth.

Who are the key market players in the Global Animal Nutrition Market? Major players include Cargill Inc., ADM, DSM, Evonik Industries, BASF SE, Nutreco N.V., Kemin Industries, and Novus International.

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