Global sales of feed grains are estimated to total around USD 50.0 billion in 2024. The market is anticipated to experience a compound annual growth rate (CAGR) of 3.4% throughout the forecast period, totaling a valuation of USD 70.0 billion by 2034.
Feed grains, including corn, wheat, barley, and sorghum, among others, are essential for the production of animal feed. They are a rich source of carbohydrates, proteins, and other nutrients used to feed livestock and poultry.
With the growing global population, the demand for animal protein sources like meat, eggs, and dairy products also rises rapidly. This, in turn, is set to create lucrative growth opportunities for feed grain producers and suppliers.
In recent years, sustainable agriculture practices have also gained traction. Feed grain producers are increasingly adopting sustainable agriculture practices to maintain ecological balance and resource-efficient farming methods to minimize the ecological footprint of feed grain cultivation.
As the world's leading producer of maize and a key exporter of a variety of feed grains, the United States holds a prominent position in the feed grain industry. China is the top importer and leading consumer of feed grains.
Global Feed Grain Industry Insights
| Attributes | Key Insights |
|---|---|
| Estimated Global Feed Grain Market Size (2024E) | USD 50.0 billion |
| Projected Feed Grain Market Value (2034F) | USD 70.0 billion |
| Value-based CAGR (2024 to 2034) | 3.4% |
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Global feed grain sales grew at a sluggish CAGR between 2019 and 2023. This was due to the COVID-19 pandemic that affected the livestock industry, agricultural activities, and feed grain supply chain. On the other hand, increased demand for livestock feed grains and high animal protein consumption benefited the market.
Over the forecast period, global demand for feed grains is projected to increase at 3.4% CAGR. By 2034, the global feed grain market is anticipated to reach USD 70.0 billion. This is due to the growing demand for animal protein and livestock production.
Another prominent factor expected to boost the feed grain market is changing dietary patterns. Amid a rising focus on health and fitness, consumers are shifting their preference toward animal-based products. This, in turn, is expected to create growth prospects for feed grain supplies.
Weather conditions, such as droughts or floods, have impacted grain production in various regions. Similarly, geopolitical factors such as the trade war and the Russia-Ukraine conflict are leading to fluctuations in supply and affecting sales.
Climate change has also introduced uncertainties and risks to grain production, posing challenges to market stability. The Russia-Ukraine war has had a substantial impact on grain trade flows and prices, leading to food crises and concerns about famine, with 78% of the exported goods from Ukraine being corn and wheat.
As per the International Grain Council, grain output is set to rebound and reach 2,294 million metric tons in 2023/2024. Total consumption, including food, feed, and industrial uses, is estimated to reach 2,302 million metric tons, representing a 2% increase.
Maize and sorghum crops are expected to experience a surge, while wheat and barley production may decline in the same year. This high feed grain consumption is expected to boost revenue in the target feed grain sector.
The table below highlights the growth projections and market CAGRs of top countries. The United States is expected to witness a 2.8% CAGR in the global feed grain industry, reflecting robust production capacity and demand for feed grains from livestock.
India is expected to showcase a 3.3% CAGR in the global feed grain market. This is due to the country’s expanding demand for meat and reliance on feed grains like corn, barley, soya, and others to meet the nutritional requirements of its growing animal population.
Germany is anticipated to exhibit a significant 4.0% CAGR in the global market. The country has a thriving livestock industry that generates a significant demand for feed grains. Similarly, nations like India are expected to expand steadily due to rising demand for meat and other animal products.
| Countries | Projected Feed Grain Market CAGR (2024 to 2034) |
|---|---|
| United States | 2.8% |
| India | 3.3% |
| Australia | 4.2% |
| Germany | 4.0% |
The United States feed grain market value is expected to total USD 19.3 billion in 2034. Over the assessment period, demand for feed grains in the United States is poised to rise at 2.8% CAGR. This is due to the nation’s strong production capacity and increasing demand for feed grains from the livestock industry.
The United States is the leading consumer of feed grains, particularly corn. It consumes about 12 billion bushels of corn, accounting for more than 95% of total feed grain production and utilization. This is making it a happy hunting ground for feed grain suppliers.
The United States is also the top producer, consumer, and exporter of corn globally, with most crops grown in the Heartland region. Factors such as rising meet demand and the expanding livestock industry play key roles in fueling sales of feed grains across the United States.
Germany holds a significant share of 9.5% in the global feed grain market and is expected to register steady growth through 2034. This is due to the country’s rapidly growing livestock industry.
In recent years, Germany has witnessed an increase in meat consumption due to consumer preferences for protein-rich diets and decreased costs of meat. Similarly, it is now the leading dairy producer in the European Union. This, in turn, will likely continue to drive feed grain demand in the country through 2034.
The number of businesses in the German meat processing sector is also increasing. This is anticipated to further uplift demand for feed grains during the forecast period, thereby improving Germany’s feed grain market share.
China holds a 24.8% share of global feed grain industry. This is because of China’s growing meat transport and its heavy reliance on barely which is imported to satisfy the nutritional requirements of China’s growing animal population.
China’s fast-growing population is causing a rise in the consumption of meat and dairy products, causing the livestock industry to grow which ultimately increases the demand of animal feed.
There has been a notable rise in the meat exports of China. For example, according to WorldAtlas, China has exported around 792,150 metric tons of meat in 2015.
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The below section shows the corn segment dominating the market. It is estimated to hold a value share of 36.8% in 2024. Based on application, the livestock segment is expected to account for a revenue share of 65.3% in 2024.
| Top Segment (Grain Type) | Estimated Market Share (2024) |
|---|---|
| Corn (Grain Type) | 36.8% |
| Application (Livestock) | 65.3% |
In 2024, corn is projected to lead the global market with a share of 36.8%. This is because of the rising production levels and corn's versatility, making it an important component in livestock feed due to its nutritional value.
Corn is very high in energy, mainly the energy in corn is in the form of starch. Corn being energy-dense becomes an ideal choice as an energy provider in livestock feed. Corn is the primary feed grain with more than 95% of total feed grain production and consumption in the United States.
The increasing popularity of corn feed globally is estimated to help the target segment grow. Corn is the most commonly grown and produced grain globally. It is grown in major agricultural regions around the world in large quantities guaranteeing a consistent and trusted source for feed industry.
With the global population rising the demand for animal products is also expected to rise. This will certainly result in a rise in demand for feed grains to meet the needs of the livestock sector. This is projected to lead to a high demand for feed grains to support the livestock sector. Corn, wheat, barley, sorghum, and other grains are essential components of livestock feed, providing essential nutrients and energy for animals.
Feed grains are essential for sustaining the expanding livestock sector and satisfying the growing demand for animal protein due to their scalability and efficiency. They are essential for promoting the growth and development of livestock animals like pigs, cows, and chickens.
The competitive environment in the feed grain market is varied and constantly evolving. Prominent companies spanning several sectors are prioritizing research & development, sustainable sourcing, and the creation of new product formulations. They are also increasing their feed grain production capacities as well as expanding their feed grain supply chain.
The leading companies are focusing on environment-friendly methods, getting certifications for products, and the rising demand for natural and sustainable ingredients for feed grain production. They are trying hard to maintain their current market standing while using the rising demand, putting focusing more on quality, innovation, and understanding customer preferences.
Key Developments in the Feed Grain Market
| Attribute | Details |
|---|---|
| Estimated Market Value (2024) | USD 50.0 billion |
| Projected Market Size (2034) | USD 70.0 billion |
| Expected Growth Rate (2024 to 2034) | 3.4% CAGR |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD billion for Value, MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Segments Covered | Grain Type, Application, Nature, and Region |
| Key Companies Profiled | Cargill, Incorporated; ADM; Louis Dreyfus Company (LDC); GrainCorp.; Ardent Mills; Stone House Grain; Gavilon; Nutreco N.V.; New Hope Liuhe Co., Ltd.; Bartlett Milling Co., LP; Scoular; Perdue Farms; Other Players |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global feed grain market value is estimated to total USD 50.0 billion in 2024.
Global feed grain demand is expected to expand at 3.4% CAGR through 2034.
By 2034, the feed grain market size is set to reach USD 70.0 billion.
Currently, the United States holds a prominent share of the global market.
The livestock application is estimated to hold a market share of 65.3% in 2024.
ADM, Cargill, Louis Dreyfus Company (LDC), Ardent Mills, and Stone House Grain.
Yes, grain trading is a highly lucrative business.
Corn, wheat, barley, and sorghum are popular feed grains.
A group of cereal grains is used as animal feed.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Value Chain Analysis and Operating Margins 5. Global Market - Pricing Analysis 6. Global Market Demand in Value (USD billion) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Grain Type 7.1. Corn 7.2. Wheat 7.3. Barley 7.4. Sorghum 7.5. Others (Oats, Rye, Millets) 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 8.1. Aquaculture 8.1.1. Fish 8.1.2. Shrimp 8.1.3. Shellfish 8.1.4. Others 8.2. Livestock 8.2.1. Poultry 8.2.2. Ruminants (Cattle, Sheep, Goats) 8.2.3. Swine 8.2.4. Equine 8.2.5. Others 8.3. Pet Food 8.3.1. Dogs 8.3.2. Cats 8.3.3. Horses 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Nature 9.1. Organic 9.2. Conventional 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18. Country-level Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. ADM 20.2. Cargill, Incorporated 20.3. Louis Dreyfus Company (LDC) 20.4. GrainCorp. 20.5. Ardent Mills 20.6. Stone House Grain 20.7. Gavilon 20.8. Nutreco N.V. 20.9. New Hope Liuhe Co., Ltd. 20.10. Bartlett Milling Co., LP 20.11. Scoular 20.12. Perdue Farms 20.13. Other Players (On Additional Requests) 21. Assumptions and Acronyms Used 22. Research Methodology
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