🇺🇸 ADM Animal Nutrition

Chicago, Illinois, USA · Est. 1902

The animal nutrition segment of Archer-Daniels-Midland, which includes the Neovia business (acquired 2018) and ADM's premix, specialty ingredient, and aqua nutrition portfolios. ADM's core advantage in animal nutrition is unique: it crushes the soybean meal and corn that is the foundation of all animal feed — then sells nutritional solutions layered on top of that commodity base. This vertical integration from commodity processing to finished nutrition products gives ADM unmatched margin leverage across the feed value chain.

Revenue

$3.2B

2023

Capacity

32M MT

MT / year

EBITDA Margin

8.8%

operating margin

Employees

12,000

headcount

Listed

ADM · NYSE

Investor Relations ↗Annual Report ↗Full Company Profile (Protein Intel) →

Revenue History

USD Million — Nutrition Segment

Nutrition segment revenue (from ADM total of $94B)

Revenue by Feed Segment

Segment Breakdown

Animal Nutrition / Premix

55%

Aqua Nutrition

20%

Pet Nutrition

25%

Intelligence

Key Facts

Neovia acquisition (2018, €1.5B) made ADM a direct premix and specialty nutrition supplier across Asia

CBOT soybean meal price is the global benchmark — ADM crush capacity helps set this benchmark

India imports ~2M tonnes of soybean meal/year priced against ADM South American contracts

Nutrition segment restated in 2024 following accounting review — now more transparent on segment economics

Investment Highlight

Commodity-to-nutrition vertical integration: ADM sells soy meal at commodity prices, then sells the nutritional solution layered on it at specialty margins