Animal Feed Market Outlook 2024 - 2028

Daily Updated Industry Statistics and Top Emerging Trends about the Animal Feed Industry

Global Animal Feed Trends in 2024

Animal Feed is part of Agricultural Input and includes a number of sub-sectors such as Hay. You may also be interested in Agrochemical and Agricultural Land.

Global animal feed exports are projected to reach approximately 20.4 billion kilograms by 2028, up from about 18.9 billion kilograms in 2023, marking an average annual growth rate of 1.2%. Since 2019, the global supply has increased by 2.1% annually. In 2023, the Netherlands led the world in animal feed exports, with shipments totaling around 3.2 billion kilograms. Germany, Belgium, and the United States followed in the second, third, and fourth positions, respectively. Notably, Palestine experienced a substantial year-on-year growth rate of 56.5%, while Argentina saw a decline of 21.5% since 2019. On the European front, animal feed sales are expected to hit €99.6 billion by 2028, rising from €95.35 billion in 2023. This represents an average yearly growth rate of 0.9%. Since 2019, the European market has grown by 1.8% annually. Spain led European animal feed sales in 2023, generating approximately €15.98 billion. Germany, France, and the Netherlands followed in the rankings. Romania saw a notable annual increase of 9.2%, whereas Ireland experienced a 5.5% decline since 2019.

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Top 10 countries

In 2024 major markets in the Animal Feed Industry were:

World Animal Feed Market Data and Forecasts

How much the Animal Feed industry is expected to grow to 2028?

Forecast: Global Export of Animal Feed Preparations
Forecast: Export of Animal Feed Preparations from the Netherlands
Forecast: Export of Animal Feed Preparations from the EU
Forecast: Export of Animal Feed Preparations from Germany
Forecast: Export of Animal Feed Preparations from Belgium
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World Animal Feed Top Rankings

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