Compound Feed Market

Compound Feed Market is Expected to Reach $ 596.0 Billion by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Compound Feed Market - Ingredients (Cereals, Cereal's by-product, Oil, Oilseed meal, Supplements, Molasses, and Others), Nutrients (Antioxidants, Antibiotics, Feed Enzymes, Vitamins, Feed Acidifiers, Amino Acids, and Others), Animal Type (Swine, Poultry, Ruminants, and Others) - Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

According to the latest research report, the global compound feed market is valued at US$ 426.0 billion in 2021, and it is expected to reach US$ 596.0 billion by 2030, with a CAGR of 3.85% during the forecast period of 2022-2030.

Get Free Access to Demo Report, Excel Pivot and ToC: www.insightaceanalytic.com/request-sample/1220

Compound feed is essential to guarantee feed and food safety across the livestock and aquaculture supply chain. Compound feed gives horses, cattle, pigs, poultry, and rabbits the necessary proteins and energy supplements. Compound feed is a uniform blend of different loose ingredients that provides animals with the correct daily quantity of nutrition in a predetermined ratio. The increasing need for animal proteins will reflect the compound feed industry's expanding significance. Thus, the feed business is the most critical factor in animal husbandry's long-term growth. Any increase in animal protein output necessitates a large increase in feed production for animal production to be sustainable.

The Growing demand for meat, dairy, and aquaculture products worldwide is anticipated to propel the market. Another aspect affecting market trends is the rise of organized livestock and the growing demand for organic feed. The market is expected to grow primarily due to rising demand for safe and nourishing animal feed, an increase in domesticated animals and livestock, the fast industrialization of livestock and cattle farming, and a rise in animal health problems. The Food and Agriculture Organization of the United Nations predicted that worldwide meat output will reach 352.7 million tonnes (in carcass weight equivalent) in 2021, representing the greatest growth rate since 1997 and an increase of 4.2% from 2020. Due to anticipated increases in demand in Brazil, China, India, and Mexico, as well as possible decreases in the European Union and Indonesia, among other regions, the world's chicken meat production is predicted to rise by 1.1% to 135 million tonnes in 2021.

Expert Knowledge, Just a Click Away:https://calendly.com/insightaceanalytic/30min?month=2024-02

In terms of revenue share, the Asia Pacific region led the compound animal feed market regionally in 2021. Increased animal production and the growing demand for meat and dairy products in the region-particularly in Thailand, China, Malaysia, and India-are the main causes of the expansion. According to feed industry sources, the USDA projects that India's feed business is growing at a 5-7 percent CAGR, with the poultry, cattle, and aqua feed sectors emerging as significant growth drivers.

Because of the increase in the production of cattle and poultry feed, Europe will also have a sizable market share for compound feed in 2021. The leading producers of poultry feed in Europe are France, Italy, Spain, Germany, and the United Kingdom. These nations produce about 43.79 per cent of the EU compound feed. The US has seen a sharp rise in compound feed consumption in recent years due to rising demand for livestock and poultry in North America.

Unlock Your GTM Strategy: www.insightaceanalytic.com/customisation/1220

Key market players operating in the Compound Feed market include Archer Daniels Midland Company, Nutreco N.V., Cargill, Incorporated, Charoen Pokphand Foods PCL., Alltech, Kent Nutrition Group, Inc, DE HEUS, Ballance Agri-Nutrients Ltd., ForFarmers, Purina Mills, LLC, Feed One Co. Ltd., Kent Nutrition Group, Elanco Animal Health Incorporated, BASF SE, and List of Other Prominent Players

Key developments in the market:
• In Jan 2022, At the Animal Nutrition Technology Center (ANTC) in Decatur, Illinois, ADM has announced the launch of its Aquaculture Innovation Lab. ADM's aquaculture research facilities in Brazil, Mexico, and Vietnam will be bolstered by this new laboratory, which is based in the United States.
• In Nov 2021, The opening of ADM's new animal nutrition laboratory in Rolle, Switzerland, was announced. The new facility aid in the development of science-based feed additives for pet food, aquaculture, and livestock species around the world. The lab also aids in the development of innovative products to help ADM's Animal Nutrition division achieve its sustainability goals.
• In Oct 2021, In the animal nutrition business, BASF and Cargill were expanding their partnership by adding research and development capabilities as well as new markets to their current feed enzymes distribution agreements. Both companies work together to create, manufacture, market and sell customer-centric enzyme products and solutions. The goal of this collaboration is to provide farmers with feed innovations that reduce nutrient waste, increase feed efficiency, and improve animal growth and welfare.
• In Oct 2019, Cargill's compound feed business in Portugal was purchased by Nutreco. Cargill's compound feed production for the Portuguese market, namely ruminant feed and lifestyle feed, is covered by the agreement. The company's efforts to geographically align assets in its portfolio with its plan to focus on core nutritional excellence are reflected in the sale of Cargill's compound feed business in Portugal. It also opens up new growth potential for the company's business, which has a strong demand for investment and will continue to produce in the long term.
• In Feb 2019, Cargill planned to invest up to $20 million in a greenfield premix plant in Rajasthan's Kota. The company chose Rajasthan as the location for this factory because it is one of the more progressive states in the country, with an excellent economic landscape, access to high-quality raw materials, the necessary expertise, and a solid client base.

Market Segments

Compound Feed Market, by Ingredients 2022-2030 (Value US$ Mn) & (Volume K Tonn)
• Cereals
• Cereal's by-product
• Oil
• Oilseed meal
• Supplements
• Molasses
• Others

Compound Feed Market, by Nutrients, 2022-2030 (Value US$ Mn) & (Volume K Tonn)
• Antioxidants
• Antibiotics
• Feed Enzymes
• Vitamins
• Feed Acidifiers
• Amino Acids
• Others

Compound Feed Market, by Animal Type, 2022-2030 (Value US$ Mn) & (Volume K Tonn)
• Swine
• Poultry
• Ruminants
• Others

Compound Feed Market, by Region, 2022-2030 (Value US$ Mn) & (Volume K Tonn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Compound Feed Market, by Country, 2022-2030 (Value US$ Mn) & (Volume K Tonn)
• U.S.
• Canada
Europe Compound Feed Market, by Country, 2022-2030 (Value US$ Mn) & (Volume K Tonn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Compound Feed Market, by Country, 2022-2030 (Value US$ Mn) & (Volume K Tonn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Compound Feed Market, by Country, 2022-2030 (Value US$ Mn) & (Volume K Tonn)
• Brazil
• Mexico
• Rest of Latin America
The Middle East & Africa Compound Feed Market, by Country, 2022-2030 (Value US$ Mn) & (Volume K Tonn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Empower Your Decision-Making with 180 Pages Full Report @ www.insightaceanalytic.com/buy-report/1220

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com

This release was published on openPR.