Feed Grain Market to be Worth US$ 70.0 Billion by 2034 Amid Rising Livestock Production and Growing Demand for Animal Protein

Future Market Insights, Inc. (FMI) forecasts a robust future for the feed grain market, driven by the booming livestock industry, rising meat consumption, and the focus on sustainable agriculture. Dive deeper into the intricate dynamics of this burgeoning market and uncover compelling stakeholder opportunities in our comprehensive FMI report

NEWARK, Del., Jan. 22, 2024 /PRNewswire/ -- The Global Feed Grain Market value 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.

Feed Grains Market Research Report Scope

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.

Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.

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.

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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About the Food & Beverage Division at Future Market Insights (FMI)

Future Market Insights (FMI) food & beverage team offers comprehensive business intelligence services, with a vast array of reports and data points analyzed across 50+ countries over a decade. The team provides consulting services and end-to-end research, offering expert analysis, actionable insights, and strategic recommendations to clients worldwide. Contact them to explore how they can assist with your unique business intelligence needs.  

About the Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives. 

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI's latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.

Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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