Global Compound Feed Market Insights Forecasts to 2032
- The Global Compound Feed Market Size was valued at USD 513.7 billion in 2022.
- The Market is growing at a CAGR of 4.2% from 2022 to 2032
- The Worldwide Compound Feed Market Size is expected to reach USD 781.3 billion by 2032
- Asia Pacific is expected to grow the fastest during the forecast period
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The Global Compound Feed Market is projected to exceed USD 781.3 billion by 2032, growing at a CAGR of 4.2% from 2022 to 2032. Compound feed is important in the worldwide food sector because it provides a safe and nutritious source of animal protein. As consumer demand for meat and dairy products grows, so does the demand for compound feed for the growing livestock rearing and veterinary industries. Furthermore, the expansion of both national and global food chains and restaurants is projected to fuel market expansion.
The global compound feed market is a large and rapidly growing industry that plays a crucial role in meeting the nutritional requirements of livestock, poultry, and aquaculture. Compound feed is a mixture of various raw materials such as grains, cereals, soybean meal, and other essential nutrients such as vitamins and minerals that are formulated to provide a balanced diet for animals. The demand for compound feed is primarily driven by the growing global population and the subsequent increase in demand for animal protein. As consumers become more health conscious and aware of the benefits of protein-rich diets, the demand for meat, eggs, and dairy products continues to rise. This trend has led to an increased demand for livestock and poultry, which, in turn, has boosted the demand for compound feed.
The global compound feed market is highly competitive, with a large number of players operating in the market. Some of the major players in the market include Archer Daniels Midland Company, Cargill, Incorporated, Charoen Pokphand Foods PCL, Land O'Lakes Inc., and New Hope Group Co. Ltd. These players are focused on product innovation, expansion, and mergers and acquisitions to maintain their market position and gain a competitive edge.
For instance, in May 2022, Cargill, Inc. and Intelia formed a strategic alliance to improve grill performance with an innovative precision management tool. This digital platform's data would aid in optimizing bird health and well-being, operational performance, and efficiency.
This research report categorizes the market for the global compound feed market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the compound feed market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the compound feed market.
Global Compound Feed Market Report Coverage
|Market Size in 2022:||USD 513.7 Billion|
|Forecast Period:||2022 - 2032|
|Forecast Period 2022 - 2032 CAGR:||4.2%|
|2032 Value Projection:||USD 781.3 Billion|
|Historical Data for:||2018 - 2021|
|No. of Pages:||210|
|Tables, Charts & Figures:||123|
|Segments covered:||By Ingredient, By Form, By Livestock, By Region|
|Companies Covered:||ADM, New Hope Group, Alltech, Inc., Weston Milling Group, BRF, Tyson Foods, Inc, Cargill, Inc., Charoen Pokphand Foods, Land O’Lakes, Nutreco N.V., Guangdong Haid Group Co., Ltd, Feed One Co., Others,|
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The global population is growing at a rapid pace, which is resulting in a higher demand for protein-rich foods such as meat, eggs, and dairy products. This has led to an increase in livestock and poultry production, which, in turn, is driving the demand for compound feed. As compound feed is essential for the optimal growth and development of animals, the increasing demand for animal protein is expected to boost the growth of the compound feed market. As consumers become more health conscious and aware of the benefits of protein-rich diets, the demand for meat is increasing. This is particularly evident in developing countries where the rising middle class is increasingly adopting a more Western-style diet. As meat consumption increases, the demand for compound feed also rises, as it is the primary source of nutrition for livestock. The growing demand for animal protein has led to an increase in livestock and poultry production globally. This has resulted in a higher demand for compound feed as it is an essential component of the animal's diet. As livestock and poultry production continues to increase, the demand for compound feed is also expected to grow.
The spread of animal diseases such as avian influenza, swine flu, and foot and mouth disease can have a significant impact on the compound feed market. Outbreaks of disease can lead to reduced demand for livestock and poultry, which can reduce the need for compound feed. Moreover, government measures such as quarantine can result in the disruption of supply chains and increase costs for producers.
The Global Compound Feed Market share is classified into ingredient, form, and livestock.
- The cereals segment is expected to hold the largest share of the global compound feed market during the forecast period.
Based on the ingredient, the global compound feed market is divided into cakes & meals, cereals, by-products, and supplements. Among these, the cereals segment is expected to hold the largest share of the global compound feed market during the forecast period. The growth can be attributed due to the widespread availability and affordability of cereal grains. Cereals are a staple ingredient in compound feed for livestock and poultry, providing a source of carbohydrates, energy, and other essential nutrients required for growth and development. Moreover, cereals can be easily stored and transported, making them a popular choice for feed manufacturers worldwide.
- The pellets segment is expected to hold the largest share of the global compound feed market during the forecast period.
On the basis of the form, the global compound feed market is segmented into pellets, mash, and crumbles. Among these, the pellets segment is expected to hold the largest share of the global compound feed market during the forecast period. The growth can be attributed due to the numerous benefits that pellets provide, including improved feed conversion rates, reduced waste, and ease of handling and storage. Pellets are commonly used in the poultry industry and are also used for other livestock, such as swine and cattle.
- The poultry segment is expected to hold the largest share of the global compound feed market over the projected period.
On the basis of livestock, the global compound feed market is segmented into poultry, ruminants, swine, and aquaculture. Among these, the poultry segment is expected to hold the largest share of the global compound feed market over the projected period. The growth can be attributed due to the high demand for poultry meat and eggs worldwide. Poultry feed is produced for various types of birds, including broilers, layers, turkeys, and ducks, and typically consists of cereals, oilseed meals, and supplements. Moreover, poultry feed is more standardized and formulated than other types of feed, which contributes to its dominance in the market.
Regional Segment Analysis of the Global Compound Feed Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Asia Pacific is estimated to hold the largest share of the global compound feed market over the predicted timeframe.
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Asia Pacific is estimated to hold the largest share of the global compound feed market over the projected period. The region's dominance is due to high animal production and meat consumption as a result of high incomes. The region has a large and growing livestock industry and is home to several major feed manufacturers. China and India are the largest markets in the region. The combination of high income, a rapidly growing economy, and strong demand for meat, fish, and dairy products has resulted in rapid growth in the consumption of these products.
North America is expected to grow at the highest pace in the global compound feed market during the forecast period. The North American compound feed market is driven by the increasing demand for meat and dairy products, along with technological advancements in the animal feed industry. The United States is the largest market in the region, accounting for the majority of the market share.
The report offers the appropriate analysis of the key organizations/companies involved within the global compound feed along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- New Hope Group
- Alltech, Inc.
- Weston Milling Group
- Tyson Foods, Inc
- Cargill, Inc.
- Charoen Pokphand Foods
- Land O’Lakes
- Nutreco N.V.
- Guangdong Haid Group Co., Ltd
- Feed One Co.
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In January 2023, BASF and Cargill expanded their collaboration to provide high-performance solutions to animal protein producers in the United States.
- In June 2022, ADM purchased a feed mill in Polomolok, South Cotabato, from South Sunrays Milling Corporation in order to provide a diverse range of cutting-edge products to meet Asia's demand for innovative and high-quality animal nutrition products.
Global Compound Feed Market, By Ingredient
- Cakes & Meals
Global Compound Feed Market, By Form
Global Compound Feed Market, By Livestock
Global Compound Feed Market, By Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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