Russia Animal Feed Market - Forecasts from 2024 to 2029

The Russia animal feed market is expected to grow at a CAGR of 3.92% from US$19.373 billion in 2022 to US$25.356 billion in 2029.

Growing consumption of meat and other end products such as milk, and eggs across the country due to increasing disposable income is considered one of the prime factors driving the market growth during the forecast period. Russia holds a significant share in global animal feed production and increasing consumption of meat in the country drives the market for poultry feed in the coming years. In addition, the animal feed market for swine is expected to be the fastest-growing segment on account of the increasing swine population in the country. For instance, the Chairman of the Russian Union of Port Producers (RUPP) said that Russian pork production is expected to grow by 200,000 tons in slaughter weight in 2022. Additionally, the Meat and Poultry Industry Russia reported that in 2020 the turkey industry in Russia witnessed a growth of 20% and became the fourth largest producer of turkey in the world. 

Market Drivers

Growing preference toward animal-based products is driving the market.

The demand for feed has been rising because of the increasing number of facilities for meat and other production, and to ensure the quality of the animal products breeders use feed to meet the dietary requirements of the livestock. In addition, increasing dairy milk consumption would also provide high market growth opportunities which will further attract numerous market players to invest in the market. For instance, according to the Agroberichten Buitenland, in May 2021, Russia ranked fifth in the world in terms of raw milk production. Furthermore, live stocks in the country are highly dependent on grazing ground for feed, and with increasing, industrialization and rapid urbanization the size of agricultural landholdings is also decreasing, which somehow decreases the prospects of grazing ground. The decline in grazing grounds fuels the demand for animal feed as feed works as a substitute for the feed from the grounds. Also, Russian meat producers have been effectively protected from imported competition by high-tariff barriers, and in recent years there has been an improvement in meat production efficiency which is attributable to an increase in competition among domestic players.

Poultry is growing at a significant rate.

By life stock, the poultry segment is expected to be one of the main drivers for the overall feed market on account of increasing poultry production in the country. The swine segment holds a significant share of the Russian animal feed market and is expected to grow at an exponential rate in the coming years. Increasing diseases in cattle due to improper intake of food affect their health, which further affects the production process and thus augments the market growth opportunities for cattle feed manufacturers and vendors during the forecast period.

Key Development

• In May 2022, Cherkizovo, Russian meat, and poultry producer acquired the Russian fast-food business Sibylla Rus from the Atria group. Due to changing geopolitical situation between Europe and Russia, the Finnish Atria Group disclosed that they do not have any possibility to continue operations in Russia. 

Segmentation:

By Type

• Fodder
• Forage
• Compound Feed

By Livestock

• Cattle
• Swine
• Poultry
• Aquatic Animals
• Others

By Form

• Liquid
• Dry

By Production Systems

• Integrated
• Commercial mills

By Raw Materials

• Soya
• Corn
• Rendered Meal
• Others