Global Animal and Fish Feed Markets Projected to Reach $641 B and $231 B by 2034

The worldwide animal feed market was valued at about USD 420.8 billion in 2025 and is forecast to grow to roughly USD 641.1 billion by 2034, a compound annual growth rate of 4.8%. Asia‑Pacific accounts for the largest share, about 34.7% in 2025, driven by expanding livestock production and rising demand for animal protein in countries such as India, China and Brazil. Technological advances, including AI‑enabled precision feeding and real‑time quality sensors, are expected to improve efficiency and reduce waste.

The global fish feed market is estimated at USD 145 billion in 2025 and is projected to reach USD 231 billion by 2034, growing at a 5.2% CAGR. Over half of the fish consumed worldwide now comes from aquaculture, with Southeast Asia—particularly Vietnam, Thailand, Indonesia and China—leading the expansion. Grower feed represents the largest segment (38.2% of the market), followed by starter feed (35.8%) and finisher feed (26%). The rise reflects increasing farmed‑fish production, higher demand for seafood, and the development of smarter feed formulations to boost growth and immunity.