Compound Feed Market Size, Share, Growth, Latest Trends and Forecast 2033

The compound feed market size has grown steadily in recent years. It will grow from $461.41 billion in 2023 to $479.84 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to livestock production growth, increased meat consumption, poultry industry expansion, aquaculture development, efficiency in feed conversion, government support.

The compound feed market size is expected to see steady growth in the next few years. It will grow to $547.14 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to population growth, urbanization, consumer preferences, environmental regulations, animal welfare standards. Major trends in the forecast period include precision feeding technologies, customized feed solutions for livestock, antibiotic-free and hormone-free feeds, digitalization of supply chain management, collaboration for research and innovation.

Market Overview -
Compound feed is used for oral animal feeding and animal nutrition. Compound feed refers to a complete or complementary feed made up of at least two feed components and feed additives. It is a mixture of basic materials and supplements fed to livestock, derived from plants, animals, organic or inorganic substances, or industrial processing.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=6943&type=smp

Surge In Meat And Aquaculture Demand Fuels Compound Feed Market Expansion
An increase in the demand for meat and aquaculture products is expected to propel the growth of the compound feed market going forward. A meat product is designed for human consumption and contains flesh from animals such as cattle, buffalo, goats, sheep, pigs, and fowl; whereas aquaculture is the commercial, recreational, and scientific multiplication and management of aquatic plants, animals, and other species. The compound feed contains all the essential nutrients to keep farmed fish healthy and thereby increases the demand for meat and aquaculture products. For instance, in July 2021, according to a report released by OECD iLibrary, a France-based online library of statistics, worldwide animal protein consumption is expected to rise by 14% by 2030. Therefore, an increase in the demand for meat and aquaculture products is driving the compound feed market growth.

Competitive Landscape -
Major companies operating in the compound feed market report are Cargill Inc., The Archer-Daniels-Midland Company, Tyson Foods, New Hope Liuhe Co. Ltd, Charoen Pokphand Food, CP Group, Land O'Lakes Inc, Smithfield Foods, Guangdong Haid Group Co Ltd, DuPont de Nemours Inc, Wen's Food Group, Nutreco N.V, Elanco Animal Health Incorporated, De Heus Vietnam LLC, Forfarmers NV, Alltech Inc., J. D. Heiskell & Company Inc, Hubbard Feeds, The Maschhoffs, Ballance Agri-Nutrients Ltd., DeKalb Feeds, Purina Animal Nutrition LLC., United Animal Health, Kent Nutrition Group, Prestage Farms, Hi-Pro Feeds, Heiskell & Co., Feed One Co. Ltd, Brookside Agra, Weston Milling Animal Nutrition, Provimi, Aller Aqua Group

Cargill Poultry Feed Breakthrough With Essential Oils Enhances Health And Productivity For Enhanced Egg Production
Product innovation is a key trend gaining popularity in the compound feed market. Major companies operating in the compound feed market are looking for new products with unique features to strengthen their position in the compound feed market. For instance, in October 2021, Cargill, a US-based food corporation operating in the compound feed market, launched poultry feed by adding essential oils to its Nutrena, Naturewise for healthy flocks, and maximized egg production. Natural essential oils contribute to the promotion of egg size, weight, and production; enhanced palatability; and a fresh aroma.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/compound-feed-global-market-report

Key Segments -
The compound feed market covered in this report is segmented -
1) By Ingredient: Cereals, Cakes and Meals, Byproducts, Supplements
2) By Form: Solid, Liquid
3) By Source: Plant Based, Animal Based
4) By Animal Type: Cattle, Swine, Poultry, Aquaculture, Other Animals

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.