Compound Feed Market: Information by Ingredients (Cereals, Cakes, and Meals, Supplements), Source (Animal-Based, Plant-Based), Livestock, and Region — Forecast till 2029

Compound feed is the fodder given to the animals that are blended from various ingredients and additives. Compound feed is prepared and formulated as per the specific requirement for the target animal, which includes minerals, vitamins, agro-industrial by-products, chunnies, protein meals/cakes, brans, and grains. These feeds are manufactured in types of meal type, pellets, crumbles, or cubes. The grains incorporated in the compound feed include corn, barley, oats, sorghum, and soybeans. Compound feed is palatable, good source of vitamins and minerals, and highly beneficial for pregnant and milk-producing animals.
Increasing Consumption of Meat

The demand for meat is increasing at a significant rate, which has increased animal husbandry practices globally. Rising awareness regarding health and fitness has surged the consumption of meat products to fulfil the protein requirement, which is providing an impetus to the market growth. As per the data provided by the Food and Agriculture Organization (FAO), in 2018, the global meat output production reached 336.4 million tons, up by 1.2% from the previous year. Also, the Brazilian Beef Exporters Association states that Brazil’s beef exports spiked by 26% in December 2017.

Covid-19 Impact on the Compound Feed Market

The food industry is an essential product supplying industry. However, the compound feed industry is witnessing a negative impact due to the disruption in the supply chain. Several economies, such as Romania, have banned the exports of grains to non-EU nations, which has created a significant challenge to the compound feed industry.

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Compound Feed Market: Segmentation

By livestock, the market is segmented into ruminants, poultry, swine, and aquaculture. The poultry and ruminant segments hold about 50% of the market share on account of the rising demand for milk and milk products across the globe and increasing consumption of chicken and other poultry products. For instance, according to the data provided by United States Department of Agriculture, the combined value of production from turkey, broilers, eggs, and the value of sales from chickens in 2018 was USD 46.3 billion. The value was up 8% from USD 42.7 billion in 2017. The consumption of broilers is high among all the poultry products, the value of broilers produced during 2018 was around USD 32 billion and it was up 5% from previous year. The poultry industry is growing at fast pace across the globe owing to the increasing consumption of chicken in the consumer’s diet and dietary supplements. The demand for poultry products is increasing mainly from the bodybuilding and health and fitness sector, the second major factor is the increasing cuisine related to the chicken. By considering the increasing consumption and high demand for poultry products from consumers the chicken farmers are using different kind of special diets and feeds including compound feed for chicken, turkeys, broilers, and other birds.

Similarly, the demand for ruminants is increasing gradually owing to the increasing demand for the milk, milk products, and meat. According to Statista, the global cattle population amounted around 989.03 million in 2019. Also, according to the Food and Agriculture Organization (FAO) the global annual meat consumption per capita is expected to reach 35.3 Kg retail weight equivalent by 2025. These factors are expected to propel the demand for compound feed in the upcoming years.

Regional Overview

Asia-Pacific is expected to be the fastest-growing market for compound feed during the forecast period on account of increasing consumption of meat and dairy products and rising per capita income. Hong Kong, Malaysia, Taiwan, South Korea, Singapore, India, Australia, and China are leading contributors to regional market growth. As per the data provided by Statista, in 2018, the chicken stock in China was around 5.37 billion units. Also, Asia Pacific is the major milk and milk products producing region in the world, countries like India contribute majority of the share in the dairy industry of Asia Pacific. According to the Statista, India is the country with the most milk cows. Also, the Asia Pacific dairy industry is growing with a compound annual growth of 3.7%. Moreover, Gujarat Cooperative Milk Marketing Federation Ltd., is among the top global dairy products and milk-producing federation and also it is the India’s top milk producing federation. The federation has a turnover of USD 5.1 billion in 2019 through dairy products. All these factors are responsible for the Asia Pacific compound feed market growth.

Europe is expected to dominate the compound feed market growth owing to the increasing consumption of meat and meat products. Spain is among the top five meat consuming countries in the world has around 100 Kg per capita consumption of meat in the country in 2018. The region has the largest food industry in the world. The need of meat and dairy products is much higher compare to other regions in the world. In addition, the region is consistently taking research and development initiatives along with the need for better quality animal based products. To produce more milk and for slaughtering or animal husbandry the demand for compound feed is expected to be more in the near future in the region. According to the Food and Agriculture Organization, the world meat production increased by 1.0 percent in 2018, the major contributors include Australia, European Union, and Russian Federation.
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Key Players

Cargill Incorporated
ADM (Archer Daniel Midland)
New Hope Group
Charoen Pokphand Food
Land O’Lakes
Nutreco
Guangdong Haid Group
ForFarmers
Alltech
Feed One Co.
D. Heiskell & Co.
Kent Nutrition Group
Others
Compound Feed Market: Segmentation

By Ingredient

Cereals
Cakes and Meals
Supplements
By Source

Plant-Based
Animal-Based
By Livestock

Ruminants
Swine
Poultry
Aquaculture
By Region

North America

The U.S.
Canada
Mexico
Europe

Germany
France
The U.K.
Italy
Spain
The Netherlands
Russia
The Rest of Europe
Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Malaysia
Singapore
Vietnam
The Rest of Asia-Pacific
Central and South America and the Caribbean

Brazil
Argentina
Colombia
The Rest of Central and South America and the Caribbean
The Middle East

Saudi Arabia
The UAE
Oman
Bahrain
The Rest of the Middle East
Africa

Nigeria
South Africa
Ghana
Tanzania
The Rest of Africa

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This release was published on openPR.