Compound Feed Market Analysis with COVID-19 Strategic Trends and Forecast to 2027

Precision Business Insights published a research report on "Compound feed market by animal type (swine, poultry, ovine, bovine, equine, canine, aquaculture), by product (cereals, cakes and meals, by-products, supplements) and geography (North America, Latin America, Europe, Asia Pacific and Middle East and Africa) – global/region/country forecast to 2027."

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on "Compound feed market by animal type, product and geography – global/region/country forecast to 2027"

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The Compound Feed Market was accounted US$ 411.5 Bn in 2020, and the market value is expected to rise at a CAGR of 4.6% over the over the forecast period 2021- 2027. In terms of volume, the market will be expected to reach 1.4 Bn MT by the end of forecast period. The compound feed market growth is due to the rise in consumption of meat, eggs, and dairy related products like milk and others. The production of livestock is increased to meet the demand for animal based products. Further in livestock production compound feed used in animal nutrition plays a crucial role to improve the performance of animals. The raw materials which are used in compound feed for various animals help the companies to improve their production to meet the demand in the market during the forecast period. The development of precision farming livestock creates more opportunities for compound feed companies in the market. It helps in gathering the data of raw materials, animal health and we can also track the production. It helps to reduce the wastage of raw materials and it can bring efficiency in the production. However, the rise in the cost of feeds and restrictions of the supply chain due to COVID 19 hampers the growth of the compound feed market.

Impact of COVID-19 Medical Alert System Market:

In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

Asia Pacific compound feed market occupies major share in the global market due to rise in demand for quality meat, changes in the food habits as animals are a great source of protein in the market and rapid economic growth of the countries which led to new investments, collaborations to meet the demand of compound feed market. The European market also occupies share in the global compound feed market after Asia pacific due to the demand of animal based products and new research initiatives. Digitalization in livestock also helps to increase production and decision making to meet the competition in the market.

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Compound feed market competitive landscape analysis, Archer Daniels Midland acquired Neovia to meet the demand for animal nutrition in the market. Adisseo collaborated with Calysta to launch a new brand in aquafeed i.e Feedkind to acquire a share in the Asia market. DSM acquired Biomin and Romer labs to improve the efficiency of animal health. BASF partnered with Adifo software to launch feed formulation software, it helps the nutritionists to manage the production and decision making to improve the performance. Nutreco acquired Cargill’s compound feed business in Portugal.

Key market players covered in this report are Adisseo France S.A.S, Archer Daniels Midland Co, Bactolac Pharmaceutical, Inc, BASF SE, DSM, Nutritional Products Ltd. and Pfizer, Inc

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