The Global Feed Grain Market valued at approximately US$ 50.0 billion in 2024, is projected to reach a substantial US$ 70.0 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.4%. Feed grains such as corn, wheat, barley, and sorghum are critical in the production of animal feed, offering essential nutrients needed for livestock and poultry.
The increasing global population is driving the demand for animal protein sources, including meat, eggs, and dairy products, which in turn boosts the demand for high-quality feed grains. Emerging nations like India and China are experiencing significant increases in feed grain consumption due to rising disposable incomes and shifting dietary patterns toward protein-rich diets.
The United States, a leading producer and exporter of maize and other feed grains, continues to play a dominant role in this market. Meanwhile, China, the top importer and consumer of feed grains, highlights the global dependency on these essential commodities.
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Several factors are contributing to the growth of the feed grain market:
- Rising Demand for Premium Livestock Products: As consumers seek higher quality meat and dairy products, the demand for superior feed grains increases.
- Expansion of Livestock and Poultry Industries: Emerging markets are witnessing rapid growth in their livestock and poultry sectors, driving up the need for feed grains.
- Increased Consumption in Emerging Nations: Countries such as India and China are seeing a surge in feed grain consumption, supported by economic growth and dietary shifts.
- Sustainable Agriculture Practices: The adoption of eco-friendly and resource-efficient farming methods is gaining traction, helping to sustain feed grain production while minimizing environmental impact.
- Technological Advancements: Innovations in feed grain production and processing, such as precision farming and genetic engineering, are enhancing productivity and efficiency.
“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,” – Nandini Roy Choudhury, Client Partner at Future Market Insights
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.
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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.
Key Developments in the Feed Grain Market
- In 2023, Highland Specialty Grains launched new barley varieties, including forage barley varieties, conventional feed grains for feed grain, and food barley.
- In 2021, Scoular launched Emerge™, a concentrated barley protein, which was introduced to meet the growing demand for plant-based, sustainable ingredients in pet food and aquafeed. This innovative feed product was created through a patent-pending process that concentrates the protein naturally found in whole barley kernels, providing a nutrient-dense ingredient for use in pet food and aquafeed.
Get More Valuable Insights
Future Market Insights (FMI) has released an objective assessment of the global feed grain market, presenting past demand data from 2019 to 2023 and projecting forecast statistics for the 2024 to 2034 period. The study reveals growth projections based on grain type (corn, wheat, barley, sorghum, and others (oats, rye, millets)), application (aquaculture, livestock, and pet food), nature (organic and conventional), and region.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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