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Compound Feed Market Growth and Trends Analysis by Ingredients, Nutrients, and Animal Type Forecast to 2031
Compound Feed Market
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According to the latest research by InsightAce Analytic, the global Compound Feed market is valued at USD 540.0 Bn in 2023, and it is expected to reach USD 738.91 Bn by 2031 , with a CAGR of 4.14% during a forecast period of 2024-2031.
Compound feed refers to animal feed that consists of a high concentration of mixed ingredients designed to meet the nutritional needs of livestock and aquaculture. It plays a crucial role in ensuring the productivity of farm animals by providing essential nutrients for optimal health and growth. Compound feed is vital for the efficient production of various animal-based products, including meat, milk, and eggs. Comprising both plant and animal-derived components, feed producers focus on developing balanced formulations that align with the physiological requirements of farm animals, promoting both their well-being and overall performance, thereby ensuring secure and profitable livestock farming.
The growth of the global compound feed industry is primarily driven by factors such as population growth, rising animal disease prevalence, and increasing livestock numbers, particularly in emerging markets. Additionally, the growing demand for high-quality meat and dairy products, coupled with the trend of industrialization in agriculture, are significant contributors to the expansion of the compound feed market. Governmental initiatives supporting the agricultural sector, the shift towards high-quality animal feed, and the increasing prevalence of organized livestock farming in developing countries further present substantial growth opportunities for the market.
However, the market faces challenges, including limited knowledge and awareness among small-scale farmers in less developed regions, along with inadequate infrastructure and technical capabilities. Furthermore, stringent government regulations governing compound feed production and fluctuations in raw material prices may hinder the industry's growth trajectory.
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The Asia Pacific region is expected to be the primary driver of growth in the compound feed market over the forecast period. This is attributed to advancements in research and development, greater awareness and preference for quality feed among livestock owners, and rising consumer demand for meat, particularly pork, chicken, beef, and mutton. China, India, and Indonesia are the largest consumers of feed in the region. The rapid economic growth has led to an increased demand for meat, fish, and dairy products, resulting in a swift rise in consumption of these goods.
Additionally, the compound feed market in North America is projected to experience significant growth during the forecast period. The United States, being the largest feed market in the region, is driven by high demand for cattle and poultry feed. This growth is supported by strong meat production levels, substantial consumer demand, and an expanding livestock industry.
Major market players operating in the Compound Feed market include Nutreco N.V., Archer Daniels Midland Company, Cargill, Incorporated, Alltech, Kent Nutrition Group, Inc, DE HEUS, Charoen Pokphand Foods PCL., Ballance Agri-Nutrients Ltd., ForFarmers, Purina Mills, LLC, and List of Other Prominent Players.
Recent collaborations and agreements in the market:
• In July 2020, Famous Dutch feed business De Heus Animal Nutrition and Polish feed producer Golpasz agreed to buy each other's production facilities in Poland.
• In December 2019, The establishment of a new animal feed manufacturing facility in Nakuru, Kenya, was announced by Bidco Land O' Lakes, a joint venture between American cooperative Land O' Lakes and the East African enterprise Bidco Africa.
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Market Segments
Global Compound Feed Market, by Ingredients, 2022-2030 (Value US$ Mn)
• Cereals
• Cereal's by-product
• Oil
• Oilseed meal
• Supplements
• Molasses
• Others
Global Compound Feed Market, by Nutrients, 2022-2030 (Value US$ Mn)
• Antioxidants
• Antibiotics
• Feed Enzymes
• Vitamins
• Feed Acidifiers
• Amino Acids
• Others
Global Compound Feed Market, by Animal Type, 2022-2030 (Value US$ Mn)
• Swine
• Poultry
• Ruminants
• Others
Global Compound Feed Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Compound Feed Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Compound Feed Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Compound Feed Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Compound Feed Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Compound Feed Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Compound Feed market
To receive an industry overview and future trends of the Compound Feed market
To analyze the Compound Feed market drivers and challenges
To get information on the Compound Feed market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Compound Feed market industry
Read Overview Report- https://www.insightaceanalytic.com/report/global-compound-feed-market/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.
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