The global animal feed ingredients market is expanding rapidly, driven by rising demand for animal protein, urbanization, and the growing focus on sustainable nutrition. According to a recent report published by Globe Newswire, the market, valued at approximately USD 42.77 billion in 2025, is projected to reach USD 58.79 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.6 percent over the next decade.
The report highlights that cereals and grain-based ingredients currently dominate the market, accounting for nearly 35 percent of total share in 2024. However, functional additives such as probiotics, prebiotics, enzymes, and antioxidants are expected to gain significant traction in the coming years due to their role in enhancing immunity, growth, and productivity in livestock.
Among animal types, the poultry sector continues to lead the global market, capturing around 41 percent in 2024. Meanwhile, the aquaculture segment, particularly in South and East Asian countries, is witnessing rapid expansion, fueled by the region’s growing aquaculture and seafood production.
Protein supplements hold the largest share among feed components, comprising nearly 78 percent of the market in 2024, as protein remains a key factor in maintaining animal health and growth. Similarly, dry ingredients represent around 78 percent of the total market share, although liquid ingredients are gradually gaining attention for their digestibility and faster absorption.
Plant-based raw materials currently lead the market, accounting for about 54 percent of total share, supported by their lower cost, sustainable sourcing, and eco-friendly production methods. The report also identifies insects, algae, industrial byproducts, and biotechnology-derived ingredients as promising alternatives for the future.
Geographically, the Asia-Pacific region holds the largest market share—around 38 percent—led by China, India, Bangladesh, Indonesia, and Vietnam. Rapid growth in livestock and aquaculture industries across these nations continues to drive market expansion. In contrast, Latin America is projected to register the highest growth rate in the coming decade, with Brazil and Argentina emerging as key players.
Several factors are contributing to the market’s expansion, including the rising global demand for animal-derived food, increasing awareness of nutritional quality, sustainable production practices, and the adoption of advanced animal health technologies. Nonetheless, the industry faces challenges such as the need for strict quality control of alternative ingredients, rising production costs, and limited access to research-based innovations in developing regions.
Major companies dominating the global animal feed ingredients market include Cargill, ADM, DSM-Firmenich, Evonik, Nutreco, Alltech, Adisseo, and Novus International. These corporations are investing heavily in scientific research and innovation to enhance productivity and sustainability in the livestock industry.
Recently, Kemin Industries introduced a new feed safety solution named “Prosidium,” designed to control harmful pathogens in animal feed and improve overall food safety.
In Bangladesh, the demand for animal feed ingredients is rising alongside the steady growth of the poultry, fisheries, and livestock sectors. Experts believe that with enhanced local production, quality control, and research-driven innovation, the country can reduce import dependency and build a strong competitive position in the global market.
The Globe Newswire analysis suggests that the animal feed ingredients market is not only creating vast economic opportunities but also shaping a quiet revolution in global food security and animal health for the decade ahead.
