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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Feed Grain Market
