The Compound Feed Market was worth $528.9 billion in 2021 and is estimated to be growing at a CAGR of 1.62%, to reach $573.1 billion by 2026.
The compound feed consists of food products manufactured especially for animals. The Compound Feed market is developing at a significant rate due to the increase in the livestock population. Compound feed is a mixture of raw materials and supplements, sourced from either plants or animals, fed to the livestock orally. The most commonly used raw materials are soybean, corn, barley; wheat, and sorghum. The most common additives to form compound feed are minerals, amino acids, antibiotics, and colorants. The compound feed has become an essential part of the globally increasing livestock industry and meat production industry. The end consumers of the compound feed are poultry, pig, ruminants, fish, etc.
The growth of the Global Compound feed market is majorly driven by factors such as the growth in global meat consumption, an increase in awareness towards meat quality and safety, an increase in mass production of meat, and recent livestock disease outbreaks. Globally increasing population is also supporting the growth of the world meat market, ultimately increasing demand for compound feed. An increase in consumer awareness regarding the benefits of organic food and meat led to an increase in consumption which in turn led to an increase in demand for organic feed. Different regulatory structures, volatile economies, and the increasing cost of operations are the major restraining factors for the market. And, an increase in the cost of raw materials is also a key challenge for the companies in the market.
REPORT COVERAGE
REPORT METRIC |
DETAILS |
Market Size Available |
2021 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
1.62% |
Segments Covered |
Ingredients, Supplements, Animal type |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Cargill Inc Charoen Pokphand Foods Archer Daniels Midland Company Land o’ lakes, Inc Nutreco, ALLTECH, INC New Hope Group Co. Ltd Wen’s Group ForFarmers B.V Agribusiness Holding Miratorg Kyodo Shiryo Company Sodrugestvo Group S.A DeKalb Feeds, Inc |
Market Segmentation
Poultry, pork, and cattle are the largest consumers of compound feed globally accounting for the major share of the overall compound feed market. Cereals are the most widely used ingredients in compound feed whereas Vitamins are the most widely used additives, accounting for around 25% of the total feed additives market.
The poultry segment is developing as a leading livestock segment for consumption, trailed by swine and cattle, because of the increase in demand for poultry meat, consumer taste predilections, and rise in disposable incomes in developing economies, primarily in China and India. Hence there is a growing need for steady and reliable animal feed. The Asia-Pacific region is expected to offer lucrative growth opportunities, owing to the considerable increase in feed production and increasing awareness among the consumers about the quality of meat, and dairy and related products
Major Key Players:
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