Animal-based foods are more resource-intensive to produce as compared to plant-based diets. These trends indicate that the increased need for processed dairy, aqua, and poultry products act as a trigger for higher feed requirement. Animal feed is considered to be a major component of animal raising, as it adds a high cost to the production system. The type of feed production varies across various regions and largely depends on the animal population and their economic importance in the region. This whitepaper offers a comprehensive overview of the animal feed industry, trends in animal feed, and challenges and opportunities in the market.