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
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Dynamics
3.1. Drivers
3.1.1. Supply Side Drivers
3.1.2. Demand Side drivers
3.1.3. Economic Side Drivers
3.2. Restraints
3.3. Opportunity
3.4. Market Trends
3.5. Macro-Economic Factors
3.6. Forecast Factors - Relevance & Impact
3.7. Certifying Agencies
4. Value Chain Analysis and Operating Margins
4.1. Supply chain analysis (Operating margin analysis)
4.2. List of Key market participants
4.2.1. Key Manufacturers List
4.2.2. Key End User List
4.3. Notes on Value Added at Each Node in the Value Chain
5. Global Market - Pricing Analysis
5.1. Price Point Assessment By Grain Type
5.2. Price Point Assessment by Region
5.2.1. Manufacturer Level Pricing
5.2.2. Distributor Level Pricing
5.3. Price Forecast till 2034
6. Global Market Demand in Value (US$ billion) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034
6.1. Historical Market Value (US$ billion) and Volume (MT) Analysis, 2019 to 2023
6.2. Current and Future Market Value (US$ billion) and Volume (MT) Projections, 2024 to 2034
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Grain Type
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ billion) and Volume (MT) Analysis By Grain Type, 2019 to 2023
7.3. Current and Future Market Size (US$ billion) and Volume (MT) Analysis and Forecast By Grain Type, 2024 to 2034
7.3.1. Corn
7.3.2. Wheat
7.3.3. Barley
7.3.4. Sorghum
7.3.5. Others (Oats, Rye, Millets)
7.4. Market Attractiveness Analysis By Grain Type
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ billion) and Volume (MT) Analysis By Application, 2019 to 2023
8.3. Current and Future Market Size (US$ billion) and Volume (MT) Analysis and Forecast By Application, 2024 to 2034
8.3.1. Aquaculture
8.3.1.1. Fish
8.3.1.2. Shrimp
8.3.1.3. Shellfish
8.3.1.4. Others
8.3.2. Livestock
8.3.2.1. Poultry
8.3.2.2. Ruminants (Cattle, Sheep, Goats)
8.3.2.3. Swine
8.3.2.4. Equine
8.3.2.5. Others
8.3.3. Pet Food
8.3.3.1. Dogs
8.3.3.2. Cats
8.3.3.3. Horses
8.4. Market Attractiveness Analysis By Application
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Nature
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ billion) and Volume (MT) Analysis By Nature, 2019 to 2023
9.3. Current and Future Market Size (US$ billion) and Volume (MT) Analysis and Forecast By Nature, 2024 to 2034
9.3.1. Organic
9.3.2. Conventional
9.4. Market Attractiveness Analysis By Nature
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
10.1. Introduction
10.2. Historical Market Size (US$ billion) and Volume (MT) Analysis By Region, 2019 to 2023
10.3. Current Market Size (US$ billion) and Volume (MT) Analysis and Forecast By Region, 2024 to 2034
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. East Asia
10.3.5. South Asia
10.3.6. Oceania
10.3.7. Middle East & Africa
10.4. Market Attractiveness Analysis By Region
11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
11.1. Introduction
11.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
11.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034
11.3.1. By Country
11.3.1.1. United States
11.3.1.2. Canada
11.3.2. By Grain Type
11.3.3. By Application
11.3.4. By Nature
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Grain Type
11.4.3. By Application
11.4.4. By Nature
11.5. Key Takeaways
12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
12.1. Introduction
12.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
12.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034
12.3.1. By Country
12.3.1.1. Brazil
12.3.1.2. Mexico
12.3.1.3. Colombia
12.3.1.4. Rest of Latin America
12.3.2. By Grain Type
12.3.3. By Application
12.3.4. By Nature
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Grain Type
12.4.3. By Application
12.4.4. By Nature
12.5. Key Takeaways
13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
13.1. Introduction
13.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
13.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034
13.3.1. By Country
13.3.1.1. Germany
13.3.1.2. France
13.3.1.3. United Kingdom
13.3.1.4. Spain
13.3.1.5. Netherlands
13.3.1.6. Belgium
13.3.1.7. Poland
13.3.1.8. Italy
13.3.1.9. Russia
13.3.1.10. Rest of Europe
13.3.2. By Grain Type
13.3.3. By Application
13.3.4. By Nature
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Grain Type
13.4.3. By Application
13.4.4. By Nature
13.5. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Introduction
14.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
14.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034
14.3.1. By Country
14.3.1.1. China
14.3.1.2. Japan
14.3.1.3. South Korea
14.3.2. By Grain Type
14.3.3. By Application
14.3.4. By Nature
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Grain Type
14.4.3. By Application
14.4.4. By Nature
14.5. Key Takeaways
15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Introduction
15.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
15.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034
15.3.1. By Country
15.3.1.1. India
15.3.1.2. Malaysia
15.3.1.3. Indonesia
15.3.1.4. Singapore
15.3.1.5. Vietnam
15.3.1.6. Philippines
15.3.1.7. Thailand
15.3.1.8. Rest of South Asia
15.3.1.9. By Grain Type
15.3.2. By Application
15.3.3. By Nature
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Grain Type
15.4.3. By Application
15.4.4. By Nature
15.5. Key Takeaways
16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Introduction
16.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
16.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034
16.3.1. By Country
16.3.1.1. Australia
16.3.1.2. New Zealand
16.3.2. By Grain Type
16.3.3. By Application
16.3.4. By Nature
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Grain Type
16.4.3. By Application
16.4.4. By Nature
16.5. Key Takeaways
17. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
17.1. Introduction
17.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
17.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034
17.3.1. By Country
17.3.1.1. GCC Countries
17.3.1.2. North Africa
17.3.1.3. South Africa
17.3.1.4. Rest of Middle East & Africa
17.3.1.5. By Grain Type
17.3.2. By Application
17.3.3. By Nature
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Grain Type
17.4.3. By Application
17.4.4. By Nature
17.5. Key Takeaways
18. Country-level Market Analysis
18.1. United States Market Analysis
18.1.1. By Grain Type
18.1.2. By Application
18.1.3. By Nature
18.2. Canada Market Analysis
18.2.1. By Grain Type
18.2.2. By Application
18.2.3. By Nature
18.3. Brazil Market Analysis
18.3.1. By Grain Type
18.3.2. By Application
18.3.3. By Nature
18.4. Mexico Market Analysis
18.4.1. By Grain Type
18.4.2. By Application
18.4.3. By Nature
18.5. Colombia Market Analysis
18.5.1. By Grain Type
18.5.2. By Application
18.5.3. By Nature
18.6. Germany Market Analysis
18.6.1. By Grain Type
18.6.2. By Application
18.6.3. By Nature
18.7. United Kingdom Market Analysis
18.7.1. By Grain Type
18.7.2. By Application
18.7.3. By Nature
18.8. France Market Analysis
18.8.1. By Grain Type
18.8.2. By Application
18.8.3. By Nature
18.9. Italy Market Analysis
18.9.1. By Grain Type
18.9.2. By Application
18.9.3. By Nature
18.10. Spain Market Analysis
18.10.1. By Grain Type
18.10.2. By Application
18.10.3. By Nature
18.11. Netherlands Europe Market Analysis
18.11.1. By Grain Type
18.11.2. By Application
18.11.3. By Nature
18.12. Belgium Market Analysis
18.12.1. By Grain Type
18.12.2. By Application
18.12.3. By Nature
18.13. Russia Region Market Analysis
18.13.1. By Grain Type
18.13.2. By Application
18.13.3. By Nature
18.14. Poland Market Analysis
18.14.1. By Grain Type
18.14.2. By Application
18.14.3. By Nature
18.15. China Market Analysis
18.15.1. By Grain Type
18.15.2. By Application
18.15.3. By Nature
18.16. Japan Market Analysis
18.16.1. By Grain Type
18.16.2. By Application
18.16.3. By Nature
18.17. India Market Analysis
18.17.1. By Grain Type
18.17.2. By Application
18.17.3. By Nature
18.18. Thailand Market Analysis
18.18.1. By Grain Type
18.18.2. By Application
18.18.3. By Nature
18.19. Malaysia Market Analysis
18.19.1. By Grain Type
18.19.2. By Application
18.19.3. By Nature
18.20. Indonesia Market Analysis
18.20.1. By Grain Type
18.20.2. By Application
18.20.3. By Nature
18.21. Vietnam Market Analysis
18.21.1. By Grain Type
18.21.2. By Application
18.21.3. By Nature
18.22. Philippines Market Analysis
18.22.1. By Grain Type
18.22.2. By Application
18.22.3. By Nature
18.23. Singapore Market Analysis
18.23.1. By Grain Type
18.23.2. By Application
18.23.3. By Nature
18.24. Australia Market Analysis
18.24.1. By Grain Type
18.24.2. By Application
18.24.3. By Nature
18.25. New Zealand Market Analysis
18.25.1. By Grain Type
18.25.2. By Application
18.25.3. By Nature
18.26. GCC Countries Market Analysis
18.26.1. By Grain Type
18.26.2. By Application
18.26.3. By Nature
18.27. North Africa Market Analysis
18.27.1. By Grain Type
18.27.2. By Application
18.27.3. By Nature
18.28. South Africa Market Analysis
18.28.1. By Grain Type
18.28.2. By Application
18.28.3. By Nature
19. Market Structure Analysis
19.1. Global Market Competition - a Dashboard View
19.2. Global Market Structure Analysis
19.3. Global Market Company Share Analysis
19.3.1. For Tier 1 Market Players, 2023
19.3.2. Company Market Share Analysis of Top 5 Players, By Region
19.4. Key Participants Market Presence (Intensity Mapping) by Region
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. ADM
20.3.1.1. Product Portfolio
20.3.1.2. Revenue by Market Segments (Grain Type/Nature/Application/Region)
20.3.1.3. Sales Footprint
20.3.1.4. Strategy Overview
20.3.1.4.1. Marketing Strategy
20.3.1.4.2. Product Strategy
20.3.1.4.3. Channel Strategy
20.3.2. Cargill, Incorporated
20.3.3. Louis Dreyfus Company (LDC)
20.3.4. GrainCorp.
20.3.5. Ardent Mills
20.3.6. Stone House Grain
20.3.7. Gavilon
20.3.8. Nutreco N.V.
20.3.9. New Hope Liuhe Co., Ltd.
20.3.10. Bartlett Milling Co., LP
20.3.11. Scoular
20.3.12. Perdue Farms
20.3.13. Other Players (On Additional Requests)
21. Assumptions and Acronyms Used
22. Research Methodology
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