Compound Feed Market

Global Compound Feed Market Size (2023 to 2028)

The size of the global compound feed market is predicted to be worth USD 546.18 billion in 2023 and USD 591.87 billion by 2028, growing at a CAGR of 1.62% from 2023 to 2028.

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:

This research report on the global compound feed market has been segmented and sub-segmented into the following categories.

Compound Feed Market - By Ingredients:

• Cereals
• Cereals by-Product
• Oilseed Meal
• Oil
• Molasses
• Supplements
• Others

Compound Feed Market - By Supplements:

• Vitamins
• Antibiotics
• Antioxidants
• Amino Acids
• Feed Enzymes
• Feed Acidifiers
• Others

Compound Feed Market - By Animal Type:

• Ruminant
• Swine
• Poultry
• Aquaculture
• Others

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.

Compound Feed Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

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.

KEY MARKET PARTICIPANTS:

Companies that play a dominating role in the global compound feed are 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., De Heus B.V., Ballance Agri-Nutrients Ltd., J.D. Heiskell & CO, Kent Feeds, Weston Milling Animal Nutrition and EWOS GROUP.