Compound Feed Market Size
Reaching USD 450.5 billion in 2023, compound feed market size is expected to have 4.5% CAGR from 2024 to 2032.
To get key market trends
Growing population and the consequent increase in urbanization have led to the rising demand for quality animal-derived food products, including meat, milk, and eggs, thereby supporting cattle production all throughout the region. This will help farmers to invest in cattle farming, therefore boosting the demand for compound feed. Furthermore, the market for animal products will benefit from changing consumer tendency toward dietic nutrition and high protein consumption. Therefore, farmers will increase their production capacity and better the formulation of animal goods by employing compound feed in order to profit from the growing market for increasing the feed.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Compound Feed Market Size in 2023 | USD 450.5 Billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 4.9% |
| 2032 Value Projection | USD 695 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 460 |
| Tables, Charts & Figures | 516 |
| Segments covered | Ingredient, Form, Livestock, and Region. |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Apart from this, the increased awareness of animal welfare will drive demand for items derived from livestock feed, therefore encouraging the expansion of the compound feed industry. Growing knowledge of livestock diseases and concerns about them have sped up the demand for safe methods of feeding animals for appropriate nutrition to improve their condition and guard them against different diseases. On farms, crowded and contaminated surroundings might lead to more animal diseases. These diseases raise human infection risk, hence compound feed becomes even more important for enhancing animal immunity and hence improving their condition.
COVID-19 Impact
The unexpected start of the COVID-19 epidemic shocked the compound feed market when numerous countries banned the exportation of grains, including barley, soybeans, maize, wheat, etc., to other countries resulting in serious demand-supply problems in the animal feed sector. China, a major supplier of organic soybean, enforced severe lockdown rules that organic feed manufacturers had to deal with in order to stop the viral transmission during the crisis. The animal feed value chain was upset globally when some nations' international airports closed.
Further severely affecting the industry's development were the sudden closing of hotels and restaurants as well as a significant change in consumption patterns, which constrained demand and production of cattle and aquaculture. Still, the sector is headed toward notable development once required policies are put in place.
Compound Feed Market Trends
But changes in raw material prices—including wheat, maize, soybean, and millet—may compromise industry profitability over the next ten years since they affect the pricing and manufacturing of compound feed. The production of these commodities determines their availability mostly. Rising costs of the final product resulting from shifting weather patterns and excessive fertilizer use for improving crop quality and yield could hinder the market demand by itself.
Compound Feed Market Analysis
Learn more about the key segments shaping this market
Thanks to its capacity to promote consistent development and lower mortality losses, the mash form compound feed market is expected to increase at 4.5% CAGR through 2032. Mash feeds are combined and finely crushed, which makes it difficult for birds to separate their components, thereby offering a well-balanced diet with every mouthful. Apart from that, their quite low cost is probably going to improve the industry's prognosis.
Learn more about the key segments shaping this market
Given the great nutritious value provided by the cereals components, their segment is probably going to reach USD 280 billion by 2020. A favorite choice for compound feeds for various animals, cereals are high in iron, carbs, vitamins and dietary fibers. Besides, in animal diets their great starch content provides energy. The growing worries about keeping healthy animals will drive the segment gains.
Looking for region specific data?
Thanks to the great development in human population in nations like China and India as well as the growing need for meat protein, which is driving rising animal agricultural methods, the Asia Pacific compound feed industry is expected to approach USD 275 billion by 2032. Furthermore, developing issues about keeping healthy animals will increase the local demand of compound feed.
Compound Feed Market Share
Prominent participants operating across the compound feed market include For Farmers,
- Archer Daniels Midland Company (ADM)
- Alltech
- Cargill Incorporated
- Roquette
- Charoen Pokphand Group
- Land O’ Lakes
- Guangdong Haid Group
- Feed One Co.,
- Indian Broiler Group Pvt Ltd
- and Kent Nutrition Group.
Companies in this business vertical are focusing on boosting their strategic efforts to gain a strong foothold in the global market.
For instance, in September 2022, Roquette acquired Crest Cellulose, an excipient manufacturer based in India. Roquette, a provider of pharmaceutical and nutraceutical excipients and a prominent companies in the plant-based ingredients market, had previously, in 2018, acquired a majority share in Crest Cellulose. This latest move will enable Roquette to continue growing and suffice the increasing requirement for high-quality plant-based excipients globally. With the addition of Crest Cellulose as a wholly owned subsidiary, Roquette will be able to provide its international customer base with fully traceable, pharmacopeia-compliant, and premium-quality solutions to address the most challenging issues in drug delivery.
The compound feed market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million tons and revenue in USD million from 2018 to 2032 for the following segments
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Market, By Ingredients
- Cereals
- Cakes & Meal
- By-Products
- Animal by-product
- Plant by-product
- Additives
- Supplements
- Vitamins
- Enzymes
- Acidifiers
- Amino acids
- Probiotics & prebiotics
- Others
Market, By Form
- Pellets
- Mash
- Crumbled
Market, By Livestock
- Poultry
- Broiler
- Layers
- Breeders
- Ruminants
- Dairy
- Beef
- Calf
- Other ruminants
- Swine
- Starter
- Sow
- Grower
- Aquaculture
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Poland
- Netherland
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Malaysia
- Thailand
- Latin America
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
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