Global Compound Feed Market Projected to Grow at 3% CAGR, Reaching $561.83 Billion by 2029

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How Large Will the Compound Feed Market Size By 2025?
In recent times, the compound feed market has experienced constant expansion. It is projected to rise from $479.84 billion in 2024 to $499 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.0%. Factors contributing to the growth during the historic period include an upsurge in livestock production, heightened meat consumption, expansion of the poultry industry, development in aquaculture, improved efficiency in feed conversion, and government aid.

How Big Is the Compound Feed Market Size Expected to Grow by 2029?
In the coming years, the compound feed market is projected to experience consistent growth, reaching $561.83 billion by 2029 with a compound annual growth rate (CAGR) of 3.0%. The forecast for this growth can be linked to factors such as population increase, urbanization, customer preferences, environmental laws, and animal welfare norms. Key trends for this period include the use of precision feeding technologies, personalized feed solutions for livestock, feeds free of antibiotics and hormones, digital supply chain management, and collaborative efforts for research and development.

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Which Key Market Drivers Powering Compound Feed Market Expansion and Growth?
The forecasted growth of the compound feed market is anticipated to surge due to an increasing appetite for meat and aquaculture products. These meat products, meant for human consumption, consist of flesh from animals such as cattle, buffalo, goats, sheep, pigs, and fowl. Aquaculture relates to commercial, recreational, and scientific breeding and management of various aquatic plants, animals, and other species. All essential nutrients needed by farmed fish for optimum health are included in the compound feed, further inducing demand for meat and aquaculture products. Carlisle Technology, a Canada-based firm offering hardware and software solutions in the meat sector, reported in July 2024 that per capita chicken consumption in the U.S was 98.90 pounds in 2022, and it is anticipated to increase to 107.50 pounds by 2033. Furthermore, in March 2022, according to the report from the Food and Agriculture Organization, an Italy-based United Nations agency, it was projected that aquaculture would lead the growth in worldwide fisheries and aquaculture production, exceeding 100 million metric tons in 2027 for the first time, and achieving 106 million metric tons by 2030. As such, the rising demand for meat and aquaculture products is stimulating the growth of the compound feed market.

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Which Fast-Growing Trends Are Poised to Disrupt the Compound Feed Market?
The compound feed market is witnessing a significant trend in product innovation. Key players in this market are focusing on developing novel products with distinctive features to reinforce their market positioning. For example, Anitox Corporation, a chemicals firm based in the US, launched a feed additive called "Fortrol" in May 2022 to manage Salmonella in feed ingredients and finished feed. This additive can double up as a flush treatment to cut down pathogen colonization within feed ingredient processing plants and feed mills, effectively functioning at variable risk-dependent inclusion rates that range from 2 to 8 kg/MT.

What Are the Emerging Segments in the Compound Feed Market?
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

Subsegments:
1) By Cereals: Corn, Wheat, Barley, Sorghum
2) By Cakes And Meals: Soybean Meal, Canola Meal, Sunflower Cake, Peanut Cake
3) By Byproducts: Distillers Grains, Brewer's Grains, Rice Bran, Molasses
4) By Supplements: Vitamins, Minerals, Amino Acids, Probiotics And Prebiotics

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Who Are the Global Leaders in the Compound Feed Market?
Major companies operating in the compound feed market include 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

Which are the Top Profitable Regional Markets for the Compound Feed Industry?
Asia-Pacific was the largest region in the compound feed market in 2024. South America is expected to be the fastest-growing region in the forecast period. The regions covered in the compound feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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