The Animal Feed Market is projected to reach $961.2 billion by 2030, at a CAGR of 4.6% during the forecast period 2023–2030. The growth of this market is driven by the increasing commercialization of the livestock sector, the rising demand for animal-based products, and the growing focus on research & development in the animal feed sector. However, fluctuating raw material prices restrain the growth of this market. Additionally, the growing awareness about animal health is expected to generate growth opportunities for the players in this market.
Here are the top 10 companies operating in the Animal Feed Market
Founded in 1978 and headquartered in Bangkok, Thailand, Charoen Pokphand Foods PCL (CPF), a subsidiary of the Charoen Pokphand Group, is engaged in the R&D, manufacturing, distributing, and retailing of agro-industrial and food products. The company operates through three business segments: Farm and Processing Business, Feed Business, and Food Business. The company’s feed business sector is involved in innovating animal feed products and production. The company offers animal feed for poultry, swine, aquaculture, and other livestock animals.
With 18 manufacturing facilities, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
New Hope Liuhe Co., Ltd. (China)
Founded in 1982 and headquartered in Chengdu, China, New Hope Liuhe Co., Ltd. specializes in animal feed, livestock breeding and raising, and food processing. The company operates as a subsidiary of New Hope Group (China). In 2005, New Hope Liuhe Company was formed by a merger between New Hope Group and Liuhe Company. The company operates through six business segments: Feeds, Poultry Business, Pig Business, Food, Commerce and Trade, and Others. The company mainly produces and sells poultry, swine, livestock, and aquatic feed.
With an operational presence in 21 countries, the company has a geographic presence in North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.
Founded in 1865 and headquartered in Minneapolis, U.S., Cargill, Incorporated is involved in the manufacturing and marketing of food, agriculture, and financial & industrial products & services worldwide. The company operates through five business segments: Food Ingredients & Bio-industrial, Animal Nutrition, Protein & Salt, Agriculture Supply Chain & Energy, and Transportation & Metals. The company’s animal nutrition segment offers animal feed products for swine, poultry, ruminants, aquaculture, pets, and other animals. The company offers animal feed products through various brands such as Cargill, Diamond V, EWOS, Nutrena, Purina, and Provimi.
With its subsidiaries and a strong distribution network in more than 125 countries, the company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Nutreco N.V. (Netherlands)
Founded in 1896 and headquartered in Utrecht, the Netherlands, Nutreco is involved in sourcing, manufacturing, and selling nutritional products and services for animal nutrition and fish feed. The company operates through two divisions: Skretting and Trouw Nutrition. The Skretting division is engaged in manufacturing and supplying aquaculture feeds, and the Trouw Nutrition division is engaged in providing innovative feed specialties, premixes, and nutritional services for the animal nutrition industry.
The company has a geographic presence in North America, Latin America, Europe, Asia, and the Middle East & Africa. Its global brands, Skretting (fish feed) and Trouw Nutrition (animal nutrition) have sales in over 90 countries.
Founded in 1902 and headquartered in Illinois, U.S., Archer-Daniels-Midland Company is involved in manufacturing, selling, and distributing food ingredients and flavors for foods and beverages, supplements, nutrition for pets and livestock, and more. The company operates through four business segments: Agricultural Services & Oilseeds, Carbohydrate Solutions, Nutrition, and Other. ADM operates in the animal feed market through the Nutrition segment.
With around 480 crop procurement locations, more than 345 food & feed processing locations, and more than 50 innovation centers, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Meticulous Research in its latest publication on Animal Feed Market has predicted the growth of 4.6% during the forecast year 2023-2030.
Alltech Inc. (U.S.)
Founded in 1980 and headquartered in Kentucky, U.S., Alltech develops and manufactures health and well-being products such as feed supplements and ingredients for humans, animals, and plants. The company operates in three segments: Animal Nutrition, Crop Science, and Food and Beverages. It offers nutrition products for dairy cows, beef cattle, poultry, pig, aquaculture, equine, and pet through the Animal Nutrition segments.
The company has a presence across North America, the Middle East & Africa, Europe, Asia-Pacific, and Latin America.
Founded in 1896 and headquartered in Lochem, the Netherlands, ForFarmers N.V. produces and supplies innovative feed solutions and relative farm products for conventional and organic livestock farming. The company operates through two business segments: Compound and Others. The company offers compound feed for dairy animals, beef, sheep, pigs, poultry, goats, pets, and horses. In addition, the company offers premixes for different purposes, including lactation support and beef growth promotion, dairy cows’ diets, and piglet feeds.
The company has a strong geographic presence in Europe, with 35 manufacturing facilities in the Netherlands, Belgium, Germany, Poland, and the U.K.
De Heus Animal Nutrition (Netherlands)
Founded in 1911 and headquartered in Ede, the Netherlands, De Heus Animal Nutrition is engaged in the manufacturing and marketing of compound feed, premixes, concentrates, and feed specialties. In addition to feed production, the company conducts research and offers consulting and business services to livestock farmers. The company offers compound feed, premixes, concentrates, and customer-specific feeds, mainly for poultry, pigs, ruminants, horses, goats, sheep, and aquaculture.
With 80 production facilities in more than 20 countries, the company has a geographic presence in North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.
Founded in 1982 and headquartered in Apeldoorn, the Netherlands, Royal Agrifirm Group provides arable, nutritional, and industrial solutions for the agricultural sector. The company offers various products in animal nutrition, crop cultivation, and plant & soil health. It also offers high-quality animal feeds, customized premixes, high-performance concentrates, additives, and functional feed ingredients for the animal feed industry. The company offers feed products primarily for poultry, ruminants, pigs, and pet animals.
With offices, feed mills, and service points at 59 locations and a Dutch co-operative with over 10,000 members, the company has a geographical presence across Europe, Latin America, North America, Asia-Pacific, and the Middle East & Africa.
Guangdong HAID Group Co., Ltd. (China)
Founded in 1998 and headquartered in Guangzhou, China, Haid Group is engaged in the research, development, production, and marketing of feed products, aquatic animal seedlings, animal healthcare products, biological products, and food products. The company operates through five business segments: Feed, Animal Healthcare Products, Agricultural Products, Trade Businesses, and Other Businesses. The company offers feed products for aquatic animals, pigs, and poultry.
The company has a geographic presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Popular Mention: Brf S.A. (Brazil) and Tyson Foods, Inc. (U.S.).
Authoritative Research on the Animal Feed Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.