The sales of Feed Grain Industry is anticipated to increase from US$ 50.0 billion in 2024 to US$ 70.0 billion by 2034. Global demand for feed grains is projected to expand at a 3.4% CAGR throughout the assessment period.
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Several factors are expected to stimulate the growth of the feed grain market during the forecast period. These include-
- Booming livestock industry
- Growing demand for high-quality animal feeds
- Rising consumption of meat and poultry products
- Population growth and changing dietary patterns
- Favorable government support aimed at boosting domestic meat production
Feed grains are essential animal feed components, with corn being the predominant grain. They are widely used to feed livestock due to their high nutritional content, low cost, and easy availability.
The exploding population is creating enormous demand for nutritional animal products like meat, eggs, and dairy. This, in turn, will play a key role in boosting the feed grain industry through 2034.
Livestock farmers are focusing on providing high-quality feeds to their animals to foster their growth. This is expected to create lucrative growth opportunities for feed grain suppliers during the forecast period.
Sustainable agriculture practices are gaining immense traction, with feed grain producers increasingly adopting sustainable agriculture practices. This can help them to minimize the ecological footprint of feed grain cultivation.
Key Takeaways from the Report:
- The global market for feed grains is expected to total a valuation of US$ 70.0 billion by 2034.
- By grain type, corn is set to lead the global market, holding a value share of 36.8% in 2024.
- Based on application, the livestock segment is estimated to account for a revenue share of 65.3% in 2024.
- The United States market valuation is projected to total US$ 19.3 billion by 2034.
- Sales in Germany are estimated to be valued at US$ 6.7 billion by 2034.
- Feed grain demand in India is projected to expand at a CAGR of 3.3% through 2034.
"The global feed grain market is driven by the increasing demand for animal protein, with corn being the predominant grain used in animal feed. Sustainable agriculture practices are gaining importance in feed grain production to minimize ecological impact," says Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.).
Who is Winning?
Following are the leading players operating in the market.
- 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
Key players are focusing on increasing their production capacities as well as using sustainable farming practices. They also employ strategies like new product launches, acquisitions, partnerships, and collaborations to stay ahead of the competition.
Recent Development:
- In 2023, new barley varieties, including forage barley varieties, conventional feed barleys for feed grain, and food barley, were launched by Highland Specialty Grains.
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