Overview and Scope
Compound feed is used for oral animal feeding and animal nutrition. Compound feed refers to a complete or complementary feed made up of at least two feed components and feed additives. It is a mixture of basic materials and supplements fed to livestock, derived from plants, animals, organic or inorganic substances, or industrial processing.
Sizing and Forecast
The compound feed market size has grown steadily in recent years. It will grow from $461.41 billion in 2023 to $479.84 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to livestock production growth, increased meat consumption, poultry industry expansion, aquaculture development, efficiency in feed conversion, government support.
The compound feed market size is expected to see steady growth in the next few years. It will grow to $547.14 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to population growth, urbanization, consumer preferences, environmental regulations, animal welfare standards. Major trends in the forecast period include precision feeding technologies, customized feed solutions for livestock, antibiotic-free and hormone-free feeds, digitalization of supply chain management, collaboration for research and innovation.
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Segmentation & Regional Insights
The compound feed market covered in this report is segmented –
1) By Ingredient: Cereals, Cakes and Meals, Byproducts, Supplements
2) By Form: Solid, Liquid
3) By Source: Plant Based, Animal Based
4) By Animal Type: Cattle, Swine, Poultry, Aquaculture, Other Animals
Asia-Pacific was the largest region in the compound feed market in 2023. South America is expected to be the fastest-growing region in the forecast period. The regions covered in the compound feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
An increase in the demand for meat and aquaculture products is expected to propel the growth of the compound feed market going forward. A meat product is designed for human consumption and contains flesh from animals such as cattle, buffalo, goats, sheep, pigs, and fowl; whereas aquaculture is the commercial, recreational, and scientific multiplication and management of aquatic plants, animals, and other species. The compound feed contains all the essential nutrients to keep farmed fish healthy and thereby increases the demand for meat and aquaculture products. For instance, in July 2021, according to a report released by OECD iLibrary, a France-based online library of statistics, worldwide animal protein consumption is expected to rise by 14% by 2030. Therefore, an increase in the demand for meat and aquaculture products is driving the compound feed market growth.
Key Industry Players
Major companies operating in the compound feed market report are Cargill Inc., The Archer-Daniels-Midland Company, Tyson Foods, New Hope Liuhe Co. Ltd, Charoen Pokphand Food, CP Group, Land O’Lakes Inc, Smithfield Foods, Guangdong Haid Group Co Ltd, DuPont de Nemours Inc, Wen’s Food Group, Nutreco N.V, Elanco Animal Health Incorporated, De Heus Vietnam LLC, Forfarmers NV, Alltech Inc., J. D. Heiskell & Company Inc, Hubbard Feeds, The Maschhoffs, Ballance Agri-Nutrients Ltd., DeKalb Feeds, Purina Animal Nutrition LLC., United Animal Health, Kent Nutrition Group, Prestage Farms, Hi-Pro Feeds, Heiskell & Co., Feed One Co. Ltd, Brookside Agra, Weston Milling Animal Nutrition, Provimi, Aller Aqua Group
The compound feed market report table of contents includes:
1. Executive Summary
2. Compound Feed Market Characteristics
3. Compound Feed Market Trends And Strategies
4. Compound Feed Market – Macro Economic Scenario
5. Global Compound Feed Market Size and Growth
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32. Global Compound Feed Market Competitive Benchmarking
33. Global Compound Feed Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Compound Feed Market
35. Compound Feed Market Future Outlook and Potential Analysis
36. Appendix
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