Compound Feed Market & Feed Additives Market Driven by Increased Awareness Regarding the Benefits of Compound Feed & Additives

The rise in demand of healthy and safe animal derived food as a result of increased consumer awareness has brought about the development in compound feed production and usage. The compound feed is produced for livestock to provide adequate amount of nutrients to them. It maximizes the performance of livestock. A few factors which drive the global compound feed market are enhanced performance of livestock and rise in meat consumption. The rise in disposable income is the main factor that is leading the increase in meat consumption. The technological developments in manufacturing process of compound feed improve the nutritional value and safety of compound feed.

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Compound feed is processed food specifically manufactured for target animals. It facilitates the enhanced performance and productivity of animals. Compound feed also prevents deficiency diseases and improves immunity on addition of feed additives. Compound feed is a major part in food chain for providing sustainable and nutritious food. It is the single biggest cost in animal husbandry systems.

Compound feed refers to food items produced especially for animals, such as fodder. Feed additives, on the other hand, are food supplements that are mixed in the compound feed to enhance the health and the productivity of animals. These products are important elements in livestock rearing, holding approximately a share of 70% in the total production cost incurred on livestock farming. The utilization of compound feed and feed additives has a significant impact on the production costs as their effective usage improve the quality and quantity of milk, meat, and eggs, ensuring considerable returns.

The demand for compound feed and feed additives has increased significantly in the recent past. The rise in meat consumption, growing demand for eggs and milk, and the increased awareness regarding the benefits offered by compound feed and additives are prompting livestock farmers to include them in the diet of animals, driving significant market growth.

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The report presents a comprehensive analysis of the markets for compound feed and feed additives. In this study, both the markets have been separately evaluated on the basis of the type and the region. Based on the type, the global compound feed market has been classified into swine feed, poultry feed, cattle feed, aqua feed, and pet food. The swine feed segment is likely to dominate the overall market in the coming years, expanding at a CAGR of 3.92% during the period from 2012 to 2017. Analysts predict the segment to reach US$81.1 bn by 2017.

By geography, the compound feed market is led by North America, which registered market revenue to the tune of US$ 72.3 billion in 2010. The most promising growth potential in the compound feed industry will be shown by Asia over the forecast period as the consumption of animal-based and animal-derived products is escalating here because of high disposable incomes. In the global feed additives market, Europe was the largest spender with a 33.5% share of the global feed additives market, amounting to US$ 5078.7 million as of 2012.

The report on the compound feed market and feed additives market studies each product segment and geographical market in detail to offer sharp insights and better-decision making capabilities to market players. According to the study, Land O'Lakes Inc., Nutreco, Cargill Inc., and New Hope Group are leading the worldwide markets for compound feed and feed additives.

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