Compound Feed Market Size, Share, Growth, Trends, and Forecast to 2022 | Key Players are Cargill, ADM, Land O'Lakes, Alltech, J.D. Heiskell & Co., and Kent Nutrition Group

The compound feed market is estimated at USD 428.09 Billion in 2017 and is projected to reach USD 530.92 Billion by 2022, at a CAGR of 4.4% from 2017. In terms of volume, the market is projected to reach 1,159.39 MMT by 2022. Compound feed is a complete feed which plays an important role in the growth and performance of the animals. This increasing awareness about the benefits of providing compound feed instead of only forage or silage feed among growers fuels the demand for compound feed. The shift in dietary preferences toward a protein-rich diet, owing to health awareness and a rise in income levels among the population, drives the consumption of meat and other animal-based products. This has resulted in an increased demand for animal-based products, subsequently driving the production of livestock, which in turn, is fed using novel methods and products, ensuring an optimum nutrition level and feed conversion ratio. These factors are expected to boost the demand for compound feed. Increasing awareness about precision nutrition techniques and the growth of the organized livestock sector in developing countries are other factors driving the growth of this market.

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On the basis of ingredients, the supplements segment is projected to be the fastest-growing during the forecast period. The poultry segment is estimated to dominate the compound feed market on the basis of livestock through the forecast period. By form, the pellets segment dominated the market in 2016. On the basis of source, the plant-based segment accounted for the largest share of the compound feed market in 2016.

The cereals segment dominated the compound feed market in 2016, globally, followed by cakes & meals. Cereals account for a major portion of the animal feed diet as a primary source of energy. Various cereals are used in feed according to their availability and preference in the region. High-energy diets are in high demand with increasing pressure on animal performance and growth to maximize the production of animal-based products. The Asia Pacific region accounted for the largest share for plant-based compound feed in 2016, and this trend is expected to continue over the next five years.

The Asia Pacific region dominated the compound feed market and is projected to grow at a significant rate from 2017 to 2022, both in terms of value and volume. China is projected to be the fastest-growing market in the region. It is the largest producer and consumer of feed in the world. The establishment of the modern feed industry processes and systems such as feed machinery manufacturing, feed additives, feed ingredients, feed processing, feed education & science, management of safety and quality of feed, along with statistical and informational service has led to the development of the Chinese feed industry. The reduced focus on the quality of the ingredients and feed is the major restraining factor in the Chinese feed industry.

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This report studies marketing and development strategies, along with the product portfolios of leading companies such as Cargill (US), ADM (US), New Hope Group (China), Charoen Pokphand Food (Thailand), Land O'Lakes (US), Nutreco (Netherlands), Guangdong Haid Group (China), ForFarmers (Netherlands), Alltech (US), Feed One Co. (Japan), J.D. Heiskell & Co. (US), and Kent Nutrition Group (US).

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