Compound Feed Market by Ingredient (Feed Cereals, Cakes and Meals, Byproducts, and Others), End Use (Poultry, Swine, Ruminants, Aquaculture, and Others): Global Market Size Estimates and Forecast (2022–2030)
The market crossed US$ 522.00 billion mark in 2022 and is expected to hit US$ 733.00 billion by 2030, recording a CAGR of 4.2% during the forecast period.
Compound feed market has been significantly growing with increased demand for sustainable feed.
Growing focus on animal health and nutrition, increasing animal production, and growth of organized livestock sector in developing countries are some of the major factors driving the growth of the compound feed market. Further, rise in adoption of modern techniques for livestock rearing is further attributing the market growth. The cakes & meals segment is expected to surge the demand as they are ich in protein and contain 95% of nitrogen and vitamin B. Further, other segments such as feed cereals, byproducts, and others is also expected to gain traction during the forecasted year.
Within the report, the market is segmented into ingredients and end use, and geography. By ingredients, the market is further segmented into feed cereals, cakes and meals, byproduct, and others. By end use, the market is categorized into poultry, swine, ruminants, aquaculture, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Rising focus on animal nutrition and health has empowered the growth of futuristic innovations.
Compound feed are animal feed which are rich in compound ingredients that helps improve nutritional value of animal feed. Safety and the quality of animal feed helps to meet the domestic demand for safe and high-quality foodstuffs of animal origin which has attributed the market growth. Increased demand for nutrition efficient livestock production and rising concerns for quality and safety of animal products for human consumption. Further, animal nutrition science is helping to reduce land use and the greenhouse gas emissions linked to the livestock production.
Rising adoption in various end use is one of the major factors accelerating the market growth.
The end use for compound feed are swine, poultry, ruminants, aquaculture, and others. Within these end use, swine is one such end use, wherein the use of compound feed is increasing owing to high demand for pig meat in countries such as US, Mexico, China, and South East Asian countries, and increased demand for pig meat in food processing industry. The poultry segment has also witnessed an extensive use of compound feed owing to growing production of poultry animal such as chicken and turkey.
Recent strategic developments in compound feed market
The compound feed market has undergone several significant developments, and a few of these have been mentioned below:
- In July 2020, De Heus Animal Nutrition, a Netherland-based feed company, signed an agreement with Golpasz, to acquire Golpasz production facility in Poland.
The compound feed market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. ADM, Cargill, Incorporated, Charoen Pokphand Foods PCL, Nutreco, and Alltechare among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Compound feed related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Application industry of compound feed industry
- Feed and feed ingredients manufacturers
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Ingredients:
- Feed Cereals
- Cakes and Meals
- Byproducts
- Others
- By End Use
- Poultry
- Swine
- Ruminants
- Aquaculture
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- ADM
- Cargill, Incorporated
- Charoen Pokphand Foods PCL
- Nutreco
- Alltech
- ADM
- Cargill, Incorporated
- Charoen Pokphand Foods PCL
- Nutreco
- Alltech