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2 clusters · 4 sources · 6 days · First seen · Last updated

Global animal and fish feed market growth

Overview

Projections for the global animal and fish feed markets indicate significant growth driven by rising demand for animal protein and aquaculture expansion.

The animal feed market is expected to grow from approximately USD 196.92 billion in 2024 to between USD 328.36 billion by 2032 and USD 641.1 billion by 2034. This expansion is supported by diverse livestock segments, including poultry, swine, and ruminants, as well as various ingredient types like cereal grains and oilseeds.

Simultaneously, the fish feed market is projected to increase from USD 145 billion in 2025 to USD 231 billion by 2034. Growth in this sector is largely attributed to the rise of aquaculture, particularly in Southeast Asia and China. Technological advancements, such as AI-enabled precision feeding and smarter formulations, are expected to play a role in improving efficiency and immunity in farmed fish.

Entities

China · Asia Pacific · Cargill · Southeast Asia · Data Bridge Market Research

Timeline

  1. 8 days ago

    [BUSINESS] 3 sources
    Global animal feed market projected to reach USD 328.36 billion by 2032

    The global animal feed market is expected to reach USD 328.36 billion by 2032, growing at a CAGR of 6.60% due to rising demand for animal protein.

  2. 14 days ago

    [BUSINESS] 2 sources
    Global Animal and Fish Feed Markets Projected to Reach $641 B and $231 B by 2034

    Animal feed is forecast to hit $641 B by 2034, while fish feed could reach $231 B, driven by livestock growth, aquaculture expansion and AI‑based technologies.

Sources

evere.co · fishfocus.co.uk · rock967online.com · vegnews.com