Preparations for Animal Feeding Market

The global market for preparations used in animal feeding is projected to see continued growth from 2022 to 2030, with a forecasted CAGR of +2.0% in volume terms and +4.2% in value terms. Key countries such as China, Russia, and Nigeria are driving this growth, with significant increases in both consumption and production. Import and export trends also indicate a steady rise in global trade of animal feeding preparations, further highlighting the industry's expansion and potential for the future.

Market Forecast

Driven by increasing demand for preparations used in animal feeding worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market volume to 1,014M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market value to $1,375.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Preparations Used In Animal Feeding

Global preparations for animal feeding consumption totaled 868M tons in 2022, growing by 2.6% compared with the year before. The total consumption volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 7.1%. Over the period under review, global consumption attained the peak volume at 885M tons in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

The global preparations for animal feeding market size was estimated at $992.7B in 2022, picking up by 3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $1,002.8B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Consumption By Country

The country with the largest volume of preparations for animal feeding consumption was China (141M tons), comprising approx. 16% of total volume. Moreover, preparations for animal feeding consumption in China exceeded the figures recorded by the second-largest consumer, Russia (35M tons), fourfold. Pakistan (31M tons) ranked third in terms of total consumption with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at +1.0%. In the other countries, the average annual rates were as follows: Russia (+5.2% per year) and Pakistan (+6.5% per year).

In value terms, the largest preparations for animal feeding markets worldwide were China ($208.1B), Japan ($109.9B) and the United States ($49.5B), with a combined 37% share of the global market. Bangladesh, Russia, Vietnam, Indonesia, Spain, France, Germany, Nigeria, Pakistan and Brazil lagged somewhat behind, together comprising a further 19%.

In terms of the main consuming countries, Nigeria, with a CAGR of +7.5%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of preparations for animal feeding per capita consumption was registered in Spain (651 kg per person), followed by France (282 kg per person), Germany (268 kg per person) and Vietnam (191 kg per person), while the world average per capita consumption of preparations for animal feeding was estimated at 1.5 kg per person.

In Spain, preparations for animal feeding per capita consumption increased at an average annual rate of +3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (-1.1% per year) and Germany (+1.2% per year).

Production

World Production of Preparations Used In Animal Feeding

In 2022, approx. 868M tons of preparations used in animal feeding were produced worldwide; increasing by 2.6% compared with the previous year's figure. The total output volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 7.2% against the previous year. Global production peaked at 885M tons in 2020; however, from 2021 to 2022, production failed to regain momentum.

In value terms, preparations for animal feeding production rose to $1,006.4B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 15% against the previous year. Over the period under review, global production reached the maximum level at $1,016.6B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

China (142M tons) constituted the country with the largest volume of preparations for animal feeding production, accounting for 16% of total volume. Moreover, preparations for animal feeding production in China exceeded the figures recorded by the second-largest producer, Russia (35M tons), fourfold. Spain (31M tons) ranked third in terms of total production with a 3.6% share.

In China, preparations for animal feeding production increased at an average annual rate of +1.1% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Russia (+5.4% per year) and Spain (+3.4% per year).

Imports

World Imports of Preparations Used In Animal Feeding

For the third year in a row, the global market recorded growth in supplies from abroad of preparations used in animal feeding, which increased by 2.4% to 30M tons in 2022. The total import volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 6.8%. Global imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, preparations for animal feeding imports expanded significantly to $46.2B in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.8% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports By Country

In 2022, Belgium (2.2M tons), Germany (2.2M tons) and the Netherlands (2M tons) was the major importer of preparations used in animal feeding in the world, generating 21% of total import. The following importers - France (1,227K tons), the UK (1,042K tons), the United States (985K tons), Poland (870K tons), South Korea (838K tons), Ireland (722K tons), Canada (718K tons), Italy (657K tons), Norway (615K tons) and Spain (615K tons) - together made up 27% of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +18.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest preparations for animal feeding importing markets worldwide were Germany ($3.3B), the United States ($3B) and the UK ($1.9B), with a combined 18% share of global imports. Belgium, the Netherlands, Canada, France, Poland, Italy, Norway, Spain, South Korea and Ireland lagged somewhat behind, together accounting for a further 29%.

In terms of the main importing countries, Norway, with a CAGR of +17.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average preparations for animal feeding import price stood at $1,519 per ton in 2022, surging by 6.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2021 when the average import price increased by 9.4%. Global import price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,023 per ton), while Ireland ($762 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Preparations Used In Animal Feeding

In 2022, approx. 31M tons of preparations used in animal feeding were exported worldwide; with an increase of 3.1% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 6.5%. Over the period under review, the global exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, preparations for animal feeding exports amounted to $44.7B in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.4% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 19%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports By Country

The Netherlands (4.3M tons), Germany (3.2M tons), the United States (2.2M tons), Belgium (2M tons), France (2M tons), China (1.5M tons), Thailand (1.1M tons), Poland (1.1M tons), Hungary (1M tons), Spain (0.9M tons), Italy (0.8M tons) and Turkey (0.8M tons) represented roughly 67% of total exports in 2022. The UK (690K tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +13.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest preparations for animal feeding supplying countries worldwide were the Netherlands ($4.8B), Germany ($4.6B) and the United States ($4.4B), with a combined 31% share of global exports. France, China, Thailand, Belgium, Poland, Italy, Spain, the UK, Hungary and Turkey lagged somewhat behind, together accounting for a further 42%.

Among the main exporting countries, Poland, with a CAGR of +19.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average preparations for animal feeding export price amounted to $1,459 per ton, picking up by 5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($2,469 per ton), while Turkey ($635 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform