Global Animal Feed Market to Hit $826.1B by 2031, Wissen Research Finds
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Sheridan, Wyo. – October 08, 2026 -- The global animal feed market will grow from $672.5 billion in 2026 to $826.1 billion by 2031, a 4.2% compound annual growth rate, according to a new study released by Wissen Research.
Livestock feed underpins a third of the world's food protein supply
Livestock supplies roughly 34% of global food protein, with nearly every unit of meat, milk, and eggs tracing back to a formulated feed ration. The shift from farm-mixed rations to commercially manufactured compound feed is accelerating across emerging Asian markets, pushing producers toward precision-formulated nutrition.
