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The animal feed industry has experienced a turbulent ride to 2025, shaped by an extraordinary period of commodity price spikes, volatile crop yields and erratic shifts in domestic and export demand. Feed producers rode an early surge as corn and soybean prices climbed, spurring nominal revenue growth and boosting tonnage for those able to manage evolving contract terms and forward purchases. Yet these windfalls were often fleeting. Fast-shifting weather and uneven grain quality forced quick pivots in procurement and blending, exposing regional divides and creating uneven performance across the sector. As markets normalized post-pandemic, destocking, tighter procurement and subdued global prices led to marked slowdowns and a return to revenue contraction, all while supply-chain bottlenecks—from packaging shortages to container imbalances—challenged even the most seasoned producers. Revenue has grown at a CAGR of 2.5% over the past five years, but reversed course in recent years, dropping 2.5% in 2025 alone to total $47.5 billion.
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IBISWorld's research coverage on the Farm Animal Feed Production industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released November 2025.
The Farm Animal Feed Production industry in the United States operates under the NAICS industry code OD4613. This industry includes animal feed manufacturers that make food for livestock. Producers use remnants of flour milling, sugar production and other food processing as ingredient inputs to animal feed. This industry excludes production of animal feed for household pets, like dogs and cats. Related terms covered in the Farm Animal Feed Production industry in the United States include poultry, feedlot and ethanol.
Products and services covered in Farm Animal Feed Production industry in the United States include Dairy and beef cattle feed, Poultry feed and Swine feed.
Companies covered in the Farm Animal Feed Production industry in the United States include Land O'lakes, Inc., Cargill, Incorporated and Chs Inc.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Farm Animal Feed Production industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Farm Animal Feed Production industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Farm Animal Feed Production industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Farm Animal Feed Production industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Farm Animal Feed Production industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Farm Animal Feed Production industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Farm Animal Feed Production industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Farm Animal Feed Production industry in the United States.
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The market size of the Farm Animal Feed Production industry in the United States is $47.5bn in 2026.
There are 880 businesses in the Farm Animal Feed Production industry in the United States, which has grown at a CAGR of 0.3 % between 2020 and 2025.
The Farm Animal Feed Production industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
The Farm Animal Feed Production industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
The market size of the Farm Animal Feed Production industry in the United States has been growing at a CAGR of 2.5 % between 2020 and 2025.
Over the next five years, the Farm Animal Feed Production industry in the United States is expected to decline.
The biggest companies operating in the Farm Animal Feed Production industry in the United States are Land O'lakes, Inc., Cargill, Incorporated and Chs Inc.
Cubed alfalfa manufacturing and Barley feed (chopped, crushed or ground) manufacturing are part of the Farm Animal Feed Production industry in the United States.
The company holding the most market share in the Farm Animal Feed Production industry in the United States is Land O'lakes, Inc..
The level of competition is high and steady in the Farm Animal Feed Production industry in the United States.