The Sustainable Animal Feed Market Size is valued at 12.49 Billion in 2022 and is predicted to reach 72.08 Billion by the year 2031 at a 21.8 % CAGR during the forecast period for 2023-2031.
Animal feed is essential to the livestock production system. That's because feeding has a direct impact on the productivity, health, and welfare of animals. Sustainable animal feed solutions accelerate growth feed efficiency and improve animal health and the quality of animal products. They are financially advantageous and bring environmental benefits too. The foremost factors driving the growth of the sustainable animal feed market include the growing consumption of meat and animal-based products across different regions, increasing demand for animal protein, population growth, rising changes in diet, innovation of new sustainable products by companies, growing health awareness among consumers regarding the consumption of animal protein, and the availability of digital resource guides for enhancing the overall sustainability of the animal and environment systems. The increased demand for animal proteins encourages companies and organizations involved in the food supply chain to develop safe and quality animal products. It creates the need for resources and information specific to feed sustainability, thereby boosting the growth of the sustainable animal feed market.
However, the high cost of animal feed, limited knowledge of new medical technologies, and various environmental and safety regulations associated with feed sustainability are expected to hinder the market's growth over the forecast years.
Market Segmentation
The sustainable animal feed market is segmented based on ingredient types, products, livestock, and region. By ingredient types, the market is classified into amino acids, phosphates, vitamins, acidifiers, carotenoids, enzymes, mycotoxin detoxifiers, flavors & sweeteners, antibiotics, minerals, antioxidants, non-protein nitrogen, phytogenics, preservatives, probiotics. The products segment is grouped into algae, insect, and single-cell protein. The algae would be the fastest-growing segment during the forecast period as the algae play an essential role in enriching animal feed with nutrients for the early developmental stages of the livestock. By livestock, the market is divided into poultry, ruminants, swine, aquatic animals, and other livestock (equine and pet food). The poultry segment is expected to dominate the sustainable animal feed market in the coming days due to the rising demand for animal proteins. Regionally, the market is studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
North America is anticipated to hold the highest share of this market during the forecast period due to the growing poultry and beef production, and the increasing number of sustainable animal feed product launches in the region.
Competitive Landscape
Some Of The Key Players In The Sustainable Animal Feed Market:
- BioProcess Algae LLC (US),
- algal scientific (US),
- Fermentalg (France),
- MicroBio Engineering (MBE), Inc. (US),
- Corbion (Netherlands),
- Sabrtech (Canada),
- BlueBioTech (Germany),
- Euglena (Japan),
- Japan Veramaris (Japan),
- Global Algae Innovations (US),
- Culture BioSystems (US),
The Sustainable Animal Feed Market Report Scope
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Report Attribute |
Specifications |
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Market Size Value In 2022 |
USD 12.49 Billion |
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Revenue Forecast In 2031 |
USD 72.08 Billion |
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Growth Rate CAGR |
CAGR of 21.8 % from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ billion and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Ingredient Type, By Product, By Livestock |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
BioProcess Algae LLC (US), algal scientific (US), Fermentalg (France), MicroBio Engineering (MBE), Inc. (US), Corbion (Netherlands), Sabrtech (Canada), BlueBioTech (Germany), Euglena (Japan), Japan Veramaris (Japan), Global Algae Innovations (US), Culture BioSystems (US), and others. |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Global Sustainable Animal Feed Market, by Products, 2019-2030 (Value US$ Mn)
