Animal Feed Market Key Players Launch New Formulation Projects
The global animal feed market is entering a phase of sustained growth, with the latest insight from Future Market Insights projecting the industry to surge from USD 605.3 billion in 2025 to USD 1,224.6 billion by 2035 , representing a robust CAGR of 7.3% . Future Market Insights This remarkable expansion is underpinned by several converging drivers: rising global demand for animal-derived proteins, intensification of poultry and aquaculture operations in emerging economies, and heightened regulatory pressures promoting antibiotic-free feed. As farms scale up production, feed costs—which typically represent 60–70% of total production expenses—are compelling manufacturers to innovate in formulation, processing and supply chain efficiency. Future Market Insights The industry is characterized by key trends shaping its trajectory. The plant-based feed source segment is projected to dominate with a 68.2% share by 2035, thanks to broad availability of cereals and oilseeds and growing...