동물 사료 시장 보고서 : 동향, 예측 및 경쟁 분석(-2035년)

Animal Feed Market

The future of the global animal feed market looks promising with opportunities in the antibiotic, vitamin, antioxidant, amino acid, feed enzyme, and feed acidifier markets. The global animal feed market is expected to reach an estimated $996 billion by 2035 from $684 billion in 2027 with a CAGR of 4.5% from 2027 to 2035. The major drivers for this market are the increasing livestock production boosting feed demand, the rising meat consumption driving feed usage, and the growing focus on animal nutrition efficiency.

• Lucintel forecasts that, within the species category, poultry will remain the largest segment over the forecast period due to increasing poultry consumption and rising meat production demand.
• Within the additives category, amino acid will remain the largest segment over the forecast period due to growing animal nutrition requirements.
• In terms of regions, APAC is expected to witness the highest growth over the forecast period due to expanding poultry industry and increasing feed consumption.

Emerging Trends in Animal Feed Market

The animal feed market is changing due to rapid advances in technology, changing preferences among consumers, and growing demand for sustainable and nutritious animal products. As a market adapts to changes, new trends begin to form and reshape the industry. These new trends can change the products and services offered, the methods of production, the supply chain, regulations, and the expectations of consumers. Knowledgeable market participants anticipate the trends to develop competing innovative strategies. These are five of the major trends currently affecting the animal feed market.

• Alternative Protein Use: There has been a tendency toward the use of alternative proteins in feed formulation, such as insect proteins or lab grown proteins, to replace proteins traditionally used in feed formulation, fishmeal and soy. Each of these alternatives has their positively perceived sustainability value, and formulation using each of the alternatives results in feed that is perceived as more environmentally friendly.
• Use of Precision Nutrition: The use of more advanced technology allows feed formulation to be more precise based on the needs of different species, breeds, and the growth stage of animals. The use of data analytics, coupled with sensors and artificial intelligence, allows feed to be formulated to improve the health of the animal and reduce waste.
• Increasing Demand for Organic and Natural Feed: Consumers show interest in animal feed that is organically sourced and/or without genetically modified ingredients (GMOs) and are driven by concerns for animals' well-being and safety of the food supply and the environment. Demand for organic animal feed increases in developed markets, and justified prices for such feed can be expected. As such, there is a growing incentive for producers to obtain certifications and source feed ingredients that are sustainable. This increased demand for organic and natural feed is creating changes in the supply chains and animal feed markets for greater transparency.
• Use of Digital Technology: The use of digital technology such as blockchain, IoT, and cloud computing is changing how supply chains for animal feed are managed, quality control, and traceability. Blockchain allows real-time logging of each step in an ingredient's journey and therefore creates increased transparency. Health and quality of feed can be managed in a proactive way by IoT. These technologies not only create efficiencies but also reduce fraud and increase consumer trust. Increased integration of digital technologies within the markets creates increased transparency and flexibility in the face of potential disruptions.
• Focus on Sustainability and The Circular Economy: The reduction of waste and emissions and increased utilization of by-products are the focal areas of sustainability initiatives. Within the circular economy, agricultural by-products and waste are repurposed to create high-quality feed ingredients. The adoption of sustainable practices and the use of ecologically safe manufacturing and sourcing practices creates an overall reduction in the environmental impact and an improvement in business declined reputation. Sustainability is creating a competitive edge and innovative business practices that are focusing on responsible changes in supply chain management.

These trends collectively shift the animal feed market toward sustainability and customized nutrition. Solutions, built via tech integration, improve efficiency, transparency, and sustainability. Their benefits extend to producers, consumers, and the environment.

Recent Developments in the Animal Feed Market

The animal feed market protein demand and advancements in feed technology and health awareness are driving the animal feed market growth. Innovations and regulations in the use of sustainable ingredients are creating changes in market trends. Competitors are looking to diversify their products and enhance feed conversion to address customer and industry bull's-eye needs. These changes will reshape competitive dynamics in the animal feed industry.

• Increasing Quality Needs: Beside high quality needs driven by an increase in demand for meat and protein, quality needs driven by an increase in human population fret better quality feed in support of livestock health and productivity. Specialization of feed formulation supports innovation in sourcing of feed ingredients. Solution focused research by companies drives the market competitiveness and viable sustainability in farming.
• Sustainable Ingredients: Industry demands and a growing focus on sustainability and eco-friendliness beckon the shift to sustainable ingredients that include insect protein and plant protein. A shift away from traditional feed ingredients lessens the environmental impact and aligns with consumers' interests. The use of such ingredients drives feed market growth, enhances feed efficiency, and ultimately lowers prices in support of sustainable practices.
• Precision Feeding: The advantages of precision feeding include improving nutrient use efficiency, minimizing losses, and improving the feed to meat conversion ratio. Higher efficiencies translate to greater profits. Automation and the digital monitoring of feed production will allow feed to be produced with greater precision and control, resulting in increased producer profitability. AI and IoT integration within feed management systems will allow for better decisions and the control of operation processes thereby driving the feed industry.
• Adjustments in Feed Quality Regulations: Increasing concern for feed quality, safety and labeling has prompted governments and industry groups to enact new regulations. Safe and quality focused regulations foster consumer confidence and improve trust along the supply chain. While the costs of testing and quality assurance can increase, the integrity of the product improves. Greater product confidence and improved regulations spur competition for producing top quality products, creating a more trusting environment throughout the sector.
• Feed E-Commerce and E-Distribution: Convenient marketing and distribution of feed through online sales to end-consumer has become the preferred method for many producers. Remote locations have access to the convenience of a greater variety of products. E-distribution allows producers to meet consumers' needs, track market demand and better manage selling costs, all of which lead to competitive advantage. The market is becoming more customer-centric through the rapid increase of competitive electronic integration.

These will continue to have substantial positive effects on the animal feed market because they improve product supply efficiency and product quality while also making processes sustainable. Simultaneous advancements in technology allow companies to operate legally, while new ways to sell products allow companies to have an even greater market reach. This has caused the industry to become more sustainable, competitive, and transparent. In addition, it has made the industry more appealing for investors and innovators. The consumer/market trends will aid the market in constantly changing and helping to support solutions for world hunger.

Strategic Growth Opportunities in the Animal Feed Market

The animal feed market is experiencing rapid expansion driven by increasing global demand for meat, dairy, and other animal products. Innovations in feed formulations, rising awareness of animal health, and the adoption of sustainable practices are creating new growth avenues. Market players are focusing on product diversification, technological advancements, and expanding geographic reach to capitalize on these opportunities. This dynamic environment offers significant potential for stakeholders to enhance profitability and meet evolving consumer and regulatory demands.

• Increasing Demand for Specialty and Organic Feeds: Organic and specialty animal feeds are becoming more recognized by consumers, and in turn, becoming more popular. Animal feed producers specialize their feed formulations based on the needs of the consumer. This specialization lends itself to the dietary needs of consumers by offering gluten-free, GMO-free, and organic options. These trends are prevalent in the more advanced economies of the world, and encourage both innovation and a premium price, creating a larger overall market.
• New Technologies for Precision Feeding: Innovations in animal nutrition management within the fields of the Internet of Things (IoT), Artificial Intelligence (AI), and advanced data analytics provide producers the opportunity to deliver individually tailored feed management systems to their animals based on the nutritional needs of a particular animal at a particular time. The productivity and resource management improvements of precision feeding attracts investment in research to develop feed formulations, increasing competition and market growth.
• New Opportunities Within Developing Markets: Increased urbanization and higher incomes cause developing markets to purchase more animal feed. To meet this increased demand, companies open production and distribution facilities in developing countries. This new demand causes significant market growth from increased livestock populations and increased meat and dairy consumption.
• New Feed Innovations: The increased focus on environmental regulations drives producers to offer alternative proteins and feed ingredients from non-traditional sources. Insect-based protein and other plant-based feedstuffs offer reductions in traditional feed inputs and improvements in sustainability. Focus on alternative feed ingredients and practices will create additional market growth with new sustainable income sources.
• Increased Demand for Functional and Fortified Feeds: The emphasis on the health and productivity of animals has created a need for feeds with added vitamins, minerals, and probiotics and other additives. Enhanced animal health and quicker growth. and, possibly, a decrease in vet bills, has caught the attention of farmers. Higher demand for these more advanced feeds started in the more profitable segments of the animal industry and has encouraged innovation and introduced new feeds to the market at higher prices.

This has all created the opportunity for the animal feed market to grow even more. The new markets that the industry can now reach have driven the market even further. In order to reach the new markets, the feed industry has to make feeds that fit the needs of the new consumers, use the latest technology, and continuously work toward sustainability. If the feed industry combines each of these components in order to reach a growing market then the feed industry will be even more sustainable and stronger while also addressing worldwide food insecurity.

Animal Feed Market Drivers and Challenges

The animal feed market grows and transforms as it interacts with various technological, economic, and regulatory factors. There are promising new technologies in feed formulation and processing that enable greater sustainability and automation within the industry. There is an increase in the demand for high-quality feed due to the growing consumption of meat and an increase in disposable income. The safety of food and animals and the impact of business practices on the environment are also important aspects of the regulatory environment. Consumers have begun to prefer feed without GMOs and produced organically. All these factors and others present challenges and opportunities for the market that necessitates flexible responses from stakeholders in the marketplace to survive.

The factors responsible for driving the animal feed market include:

• Technological Innovation: The use of automation and novel feed processing/formulation systems can help both reduce the cost and improve the quality of feed. Further, automation results in increased throughput and less labor needed to produce the same amount as before, and use of additional, more sustainable protein sources such as insects can positively impact the environment. The innovations and improvements that continually occur in the market can attract investors and serve more customers in more locations.
• Increasing Consumption of Meat and Dairy: Increases in discretionary incomes and the process of urbanization create higher demands for meat, dairy, and other related products. This, of course, increases the demand for higher quality animal feed for the intensification of animal farming. As consumers become more cost and quality conscious, especially in countries that are less developed and quickly growing, animal farmers are forced to improve their inputs in animal feed.
• Focus on Sustainable and Organic Feed: There is a growing concern for the environment and the welfare of animals, which has led to an increased focus on providing feed that is both organic and non-GMO. Manufacturers are even starting to use plant proteins in their feed and lessening the use of antibiotics. This not only provides farmers with a safer and more sustainable market place, but is in line with governments' effort to reduce their ecological impact.
• Regulatory and Policy Frameworks: More regulatory controls and policy frameworks dealing with food safety, animal and human health, and the ecosystem, respectively, are creating more challenges for feed manufacturing. Meeting these regulations may increase the total operational costs for manufacturers, but provides a safer marketplace and, as a result, greater consumer confidence. More policies with greater focus on regulatory controls in the market place have the effect of creating a more competitive marketplace.
• Innovation in Feed Ingredients: New sources of protein including insects, algae, and alternative plant proteins offer the opportunity for feed ingredient innovation. Soy and corn have their sustainability and supply chain concerns, which these alternate protein sources can address. These novel ingredients, when used in feed, can improve nutritional value of feed and reduce the environmental footprint of production. This will also attract more eco-friendly consumers and producers. There is a need for research and development to truly understand and integrate these alternative ingredients for different species.

The challenges facing this Market include:

• Volatility in Raw Material Price: The price of key feed ingredients (soy, corn, etc.) tends to change drastically due to weather changes, geopolitical concerns, and disruptions in global trade. This volatility in raw material price directly impacts the feed manufacturer's margins and contributes to their inability to develop a stable pricing strategy. It also results in end users paying higher prices for feed. Managing the supply and price of raw materials is essential to making profit in feeding and for competing with others in the industry.
• Regulatory Concerns: Feed manufacturing has a high burden of compliance due to safety and environmental standards, and approvals for the use of ingredients. This can be expensive, especially for smaller companies. Non-compliance results in lost market access and other negative effects that hurt a company's share in the market, meaning regulatory hurdles are a big concern for market share and growth.
• Market Fragmentation and Competition: The animal feed market's many local and international players mean that a lot of segments are highly competitive. Competition becomes price wars and less sustainable margin structures, and frequent innovation is required. Most challenges faced by smaller companies are support for regulations and technologies. Increased market fragmentation negatively affects branding and client loyalty and requires companies to focus on quality, sustainable, and cost-effective feeds.

Effective brand management is further complicated by intrusive market segmentation. The market breeds sustainable innovative solutions to the challenges posed by technology, sustainability, and the increasing demand for animal based commodities. Challenges include increasing R&D costs, price fluctuations of raw material, and stringent regulations. These elements will shape how the market looks in the future.

List of Animal Feed Market Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies animal feed market companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the animal feed market companies profiled in this report include-

• Archer Daniels Midland Company
• BASF SE
• Land O'Lakes Purina
• Nutreco N.V. (Trouw Nutrition)
• Cargill Inc.
• Kemin Industries, Inc.
• ANOVA Group
• ADM
• Chr. Hansen Holding
• Alltech, Inc.

Animal Feed Market by Segment

The study includes a forecast for the global animal feed market by species, additives, and region.

Animal Feed Market by Species [Value ($B) from 2019 to 2035]:

• Poultry
• Cattle
• Swine
• Aqua
• Pet

Animal Feed Market by Additives [Value ($B) from 2019 to 2035]:

• Antibiotics
• Vitamins
• Antioxidants
• Amino Acid
• Feed Enzymes
• Feed Acidifiers
• Others

Animal Feed Market by Region [Value ($B) from 2019 to 2035]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Animal Feed Market

Due to the desire for greater protein content, expansions in livestock number, and technological improvements in feed, the market for animal feed has seen explosive growth. Many countries are developing new ways to produce better feed that uses fewer resources and has greater nutritional value. Changes to existing regulations and new technologies are pushing markets towards being more sustainable and more concerned with health. The USA, China, Germany, India, and Japan are the primary players in this market, with each region forming their respective approaches to the concerns relevant to their area and technologies. These countries are devoting time and money to new research with a focus on producing more animal protein that is more sustainable and using more innovative and new materials in their feeds.

• United State: The USA is using sustainable feed ingredients, such as insect protein and plant-based proteins, to improve feed efficiency as well as to reduce waste output and environmental impact. Sustainability is a focus with increasing safety and transparency having an influence on regulations and the adoption of organic and non-GMO feed. Automation and other technologies will drive the market; especially, the increasing request for different specialized feed for different kinds of livestock such as poultry and dairy. As a whole, the USA is devoted to sustainability, safety, and quality control through the use of integration technologies.
• China: China currently leads the world in feed consumption, and its feed manufacturing industry is the fastest growing due to a simultaneous increase in meat consumption. New inputs of high quality feed are being used to improve nutrition of feed. The government is encouraging development of the feed sector through creation of policies on feed safety and quality. There is a preference for use of alternative feed ingredients such as soybean meal and corn. Also, feed additives to enhance animal health are being used. The government is encouraging the development of local feed resources. Digital platforms for the supply chain and quality control are being used to improve the industry.
• Germany: Germany has a strong animal feed market that values sustainability and organic products. Innovative feed formulations use reduced conventional ingredients and focus on plant-based and local ingredients. Policies decrease packaging waste and create incentives for use of biodegradable and other environmentally safe packaging. Research on insects and algae as alternative protein sources meets sustainability goals. The market combines advanced manufacturing with quality control for high-grade feed. Eco-friendly practices and the focus on animal nutrition shows Germany values innovation.
• India: Animal feed demand is soaring due to India's growing population and livestock and income numbers. Indian animal feed companies are beginning to provide fortified, value added feeds to increase production and animal health. Self-sufficiency is another priority of the government, as it encourages the local production of feed ingredients and the import substitution. The use of organic and natural feeds is increasing due to consumer awareness and increased health consciousness. The adoption of feed production technologies such as palletization and feed automation, improves feed efficiency. Startup and local firms provide small scale farmers affordable nutrient rich feed formulations thereby improving livelihoods and food security.
• Japan: Japanese animal feed industry prefer high quality specialized feeds used in aquaculture and livestock. Lately there has been considerable innovation in feeds with the inclusion of probiotics, enzymes and other additives that have a positive impact on the health and productivity of animals. Japanese feeds use local ingredients and minimize waste in a bid to be more sustainable. The law encourages innovation in formulation of animal feeds by setting high standards of safety and protecting the environment. Japan has also started investments in insect based feed as alternative proteins and research to sustainability of animal agriculture. The market uses automated feeding systems and other technologies in a bid to meet consumer preference for safe quality animal products.

Features of the Global Animal Feed Market

• Market Size Estimates: animal feed market size estimation in terms of value ($B).
• Trend and Forecast Analysis: Market trends (2019 to 2026) and forecast (2027 to 2035) by various segments and regions.
• Segmentation Analysis: animal feed market size by species, additives, and region in terms of value ($B).
• Regional Analysis: animal feed market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis of growth opportunities in different species, additives, and regions for the animal feed market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the animal feed market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the animal feed market by species (poultry, cattle, swine, aqua, and pet), additives (antibiotics, vitamins, antioxidants, amino acid, feed enzymes, feed acidifiers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Market Overview

• 2.1 Background and Classifications
• 2.2 Supply Chain

3. Market Trends & Forecast Analysis

• 3.1 Macroeconomic Trends and Forecasts
• 3.2 Industry Drivers and Challenges
• 3.3 PESTLE Analysis
• 3.4 Patent Analysis
• 3.5 Regulatory Environment

4. Global Animal Feed Market by Species

• 4.1 Overview
• 4.2 Attractiveness Analysis by Species
• 4.3 Poultry : Trends and Forecast (2019 to 2035)
• 4.4 Cattle : Trends and Forecast (2019 to 2035)
• 4.5 Swine : Trends and Forecast (2019 to 2035)
• 4.6 Aqua : Trends and Forecast (2019 to 2035)
• 4.7 Pet : Trends and Forecast (2019 to 2035)

5. Global Animal Feed Market by Additives

• 5.1 Overview
• 5.2 Attractiveness Analysis by Additives
• 5.3 Antibiotics : Trends and Forecast (2019 to 2035)
• 5.4 Vitamins : Trends and Forecast (2019 to 2035)
• 5.5 Antioxidants : Trends and Forecast (2019 to 2035)
• 5.6 Amino Acid : Trends and Forecast (2019 to 2035)
• 5.7 Feed Enzymes : Trends and Forecast (2019 to 2035)
• 5.8 Feed Acidifiers : Trends and Forecast (2019 to 2035)
• 5.9 Others : Trends and Forecast (2019 to 2035)

6. Regional Analysis

• 6.1 Overview
• 6.2 Global Animal Feed Market by Region

7. North American Animal Feed Market

• 7.1 Overview
• 7.2 North American Animal Feed Market by Species
• 7.3 North American Animal Feed Market by Additives
• 7.4 The United States Animal Feed Market
• 7.5 Canadian Animal Feed Market
• 7.6 Mexican Animal Feed Market

8. European Animal Feed Market

• 8.1 Overview
• 8.2 European Animal Feed Market by Species
• 8.3 European Animal Feed Market by Additives
• 8.4 German Animal Feed Market
• 8.5 French Animal Feed Market
• 8.6 Italian Animal Feed Market
• 8.7 Spanish Animal Feed Market
• 8.8 The United Kingdom Animal Feed Market

9. APAC Animal Feed Market

• 9.1 Overview
• 9.2 APAC Animal Feed Market by Species
• 9.3 APAC Animal Feed Market by Additives
• 9.4 Chinese Animal Feed Market
• 9.5 Indian Animal Feed Market
• 9.6 Japanese Animal Feed Market
• 9.7 South Korean Animal Feed Market
• 9.8 Indonesian Animal Feed Market

10. ROW Animal Feed Market

• 10.1 Overview
• 10.2 ROW Animal Feed Market by Species
• 10.3 ROW Animal Feed Market by Additives
• 10.4 Middle Eastern Animal Feed Market
• 10.5 South American Animal Feed Market
• 10.6 African Animal Feed Market

11. Competitor Analysis

• 11.1 Product Portfolio Analysis
• 11.2 Operational Integration
• 11.3 Porter's Five Forces Analysis
  • Competitive Rivalry
  • Bargaining Power of Buyers
  • Bargaining Power of Suppliers
  • Threat of Substitutes
  • Threat of New Entrants
• 11.4 Market Share Analysis

12. Opportunities & Strategic Analysis

• 12.1 Value Chain Analysis
• 12.2 Growth Opportunity Analysis
  • 12.2.1 Growth Opportunity by Species
  • 12.2.2 Growth Opportunity by Additives
  • 12.2.3 Growth Opportunity by Region
• 12.3 Emerging Trends in the Global Animal Feed Market
• 12.4 Strategic Analysis
  • 12.4.1 New Product Development
  • 12.4.2 Certification and Licensing
  • 12.4.3 Mergers, Acquisitions, Agreements, Collaborations, and Joint Ventures

13. Company Profiles of the Leading Players Across the Value Chain

• 13.1 Competitive Analysis Overview
• 13.2 Archer Daniels Midland Company
  • Company Overview
  • Animal Feed Market Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.3 BASF SE
  • Company Overview
  • Animal Feed Market Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.4 Land O Lakes Purina
  • Company Overview
  • Animal Feed Market Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.5 Nutreco N.V. (Trouw nutrition)
  • Company Overview
  • Animal Feed Market Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.6 Cargill Inc.
  • Company Overview
  • Animal Feed Market Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.7 Kemin Industries, Inc.
  • Company Overview
  • Animal Feed Market Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.8 ANOVA Group
  • Company Overview
  • Animal Feed Market Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.9 ADM
  • Company Overview
  • Animal Feed Market Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.10 Chr. Hansen Holding
  • Company Overview
  • Animal Feed Market Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing
• 13.11 Alltech, Inc.
  • Company Overview
  • Animal Feed Market Business Overview
  • New Product Development
  • Merger, Acquisition, and Collaboration
  • Certification and Licensing

14. Appendix

• 14.1 List of Figures
• 14.2 List of Tables
• 14.3 Research Methodology
• 14.4 Disclaimer
• 14.5 Copyright
• 14.6 Abbreviations and Technical Units
• 14.7 About Us
• 14.8 Contact Us