World - Animal And Pet Feed - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the projected increase in the global animal and pet feed market consumption trend, with a forecasted CAGR of +2.1% from 2022 to 2030. The market value is anticipated to reach $1,423.9B by the end of 2030. Consumption decreased in 2022, but showed an average annual rate of growth in previous years. China, India, and Russia are highlighted as the major consumers and producers. Import and export trends are also discussed, with notable fluctuations in prices and volumes over the years.
Market Forecast
Driven by increasing demand for animal and pet feed worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.1% for the period from 2022 to 2030, which is projected to bring the market volume to 1,187M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market value to $1,423.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Animal And Pet Feed
In 2022, consumption of animal and pet feed decreased by -2.1% to 1,006M tons for the first time since 2018, thus ending a three-year rising trend. The total consumption volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at 1,028M tons in 2021, and then shrank in the following year.
The global animal feed market revenue dropped to $1,023.8B in 2022, declining by -2.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 8% against the previous year. As a result, consumption reached the peak level of $1,050.6B, and then declined modestly in the following year.
Consumption By Country
The country with the largest volume of animal feed consumption was China (149M tons), accounting for 15% of total volume. Moreover, animal feed consumption in China exceeded the figures recorded by the second-largest consumer, India (55M tons), threefold. Russia (42M tons) ranked third in terms of total consumption with a 4.2% share.
In China, animal feed consumption expanded at an average annual rate of +3.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+2.3% per year) and Russia (+7.4% per year).
In value terms, the largest animal feed markets worldwide were China ($155.4B), India ($89.6B) and Japan ($89.3B), with a combined 33% share of the global market. Bangladesh, Russia, Brazil, the United States, Mexico, Indonesia, Nigeria, Spain, Germany and Pakistan lagged somewhat behind, together accounting for a further 23%.
In terms of the main consuming countries, Russia, with a CAGR of +8.1%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of animal feed per capita consumption was registered in Spain (632 kg per person), followed by Russia (294 kg per person), Germany (249 kg per person) and Japan (214 kg per person), while the world average per capita consumption of animal feed was estimated at 128 kg per person.
In Spain, animal feed per capita consumption expanded at an average annual rate of +3.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (+7.3% per year) and Germany (+1.2% per year).
Production
World Production of Animal And Pet Feed
In 2022, production of animal and pet feed decreased by -2.1% to 1,006M tons for the first time since 2018, thus ending a three-year rising trend. The total output volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 11%. Over the period under review, global production hit record highs at 1,027M tons in 2021, and then declined slightly in the following year.
In value terms, animal feed production fell to $1,018B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. As a result, production reached the peak level of $1,067.4B, and then reduced in the following year.
Production By Country
The country with the largest volume of animal feed production was China (150M tons), comprising approx. 15% of total volume. Moreover, animal feed production in China exceeded the figures recorded by the second-largest producer, India (56M tons), threefold. Russia (42M tons) ranked third in terms of total production with a 4.2% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +3.9%. In the other countries, the average annual rates were as follows: India (+2.3% per year) and Russia (+7.6% per year).
Imports
World Imports of Animal And Pet Feed
Global animal feed imports totaled 20M tons in 2022, rising by 2.6% against 2021 figures. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 7.4%. Global imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, animal feed imports stood at $22.3B in 2022. Overall, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.2% against 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 12% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in years to come.
Imports By Country
The purchases of the three major importers of animal and pet feed, namely the Netherlands, Belgium and Germany, represented more than 0.0% of total import. The following importers - South Korea (784K tons), France (725K tons), Ireland (608K tons), the United States (599K tons), Norway (569K tons), Vietnam (544K tons), Iraq (472K tons), the UK (438K tons), Poland (353K tons) and Indonesia (348K tons) - together made up 27% of total imports.
From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +23.7%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest animal feed importing markets worldwide were Germany ($1.2B), Belgium ($1.1B) and the Netherlands ($1.1B), with a combined 15% share of global imports. The United States, Norway, France, Vietnam, the UK, Poland, South Korea, Indonesia, Ireland and Iraq lagged somewhat behind, together accounting for a further 25%.
In terms of the main importing countries, Norway, with a CAGR of +22.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average animal feed import price amounted to $1,114 per ton, increasing by 7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2021 when the average import price increased by 9.9%. Global import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($1,642 per ton), while Iraq ($534 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.5%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Animal And Pet Feed
Global animal feed exports was estimated at 20M tons in 2022, rising by 3.5% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 5.4%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, animal feed exports rose markedly to $21.6B in 2022. In general, total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.8% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 16%. The global exports peaked in 2022 and are likely to continue growth in years to come.
Exports By Country
In 2022, the Netherlands (3.6M tons), followed by Germany (2.2M tons), Belgium (1.7M tons), the United States (1.2M tons), China (1.2M tons) and France (0.9M tons) represented the major exporters of animal and pet feed, together achieving 54% of total exports. The following exporters - Turkey (708K tons), the UK (519K tons), Spain (516K tons), Italy (427K tons), Austria (387K tons), Malaysia (366K tons) and Hungary (321K tons) - together made up 16% of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Italy (with a CAGR of +16.6%), while the other global leaders experienced more modest paces of growth.
In value terms, the largest animal feed supplying countries worldwide were the Netherlands ($3.2B), the United States ($1.9B) and Germany ($1.8B), with a combined 32% share of global exports. China, Belgium, France, the UK, Spain, Italy, Turkey, Austria, Malaysia and Hungary lagged somewhat behind, together comprising a further 38%.
Italy, with a CAGR of +17.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average animal feed export price stood at $1,078 per ton in 2022, surging by 5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2021 an increase of 13%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($1,568 per ton), while Turkey ($557 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global animal feed market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10911010 - Premixtures for farm animal feeds
- Prodcom 10911033 - Preparations used for farm animal feeding (excluding premixtures): pigs
- Prodcom 10911035 - Preparations used for farm animal feeding (excluding premixtures): cattle
- Prodcom 10911037 - Preparations used for farm animal feeding (excluding premixtures): poultry
- Prodcom 10921060 - Preparations used for feeding pets (excluding preparations for cats or dogs, p.r.s.)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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