The Global Compound Feed market size was accounted at USD 425.96 Bn in 2021; It is projected to grow at a compound annual growth rate (CAGR) of 3.85% from 2022 to 2030. Animal health and welfare depend on safe and healthy nutrition, which is an essential component of the food chain. Compound feed plays a crucial function in animal nutrition and feed. Crushed grain, extracted groats, minerals, mill waste, animal-derived meal, premixes and supplements, liquid additives, and other ingredients are included in compound feed. Furthermore, numerous novel food processing by-products, such as beet pulp, vegetable pomace, and bakery goods, are being used as a significant component in feed combinations. The compound feed can provide a balanced nutrition supply of nutrients based on the physiological parameters of the animals.
The rising animal feed sector is a significant factor driving the market growth. Compound feed is gaining more popularity as a principal alternative for traditional growth promoters since it offers the protein, energy, minerals, and vitamins that animals need for growth, maintenance, and milk production. Increased intake of processed chicken, dairy, and aqua products is further accelerating the market growth. Furthermore, the rising demand for high-quality meat and meat by-products is expected to boost the market during the forecast period. Increased consumption has resulted in a high need for protein derived from animals (including fish), which is likely to drive the demand for fish food. This, in turn, is expected to propel the sector forward.
The compound Feed market is segmented into Ingredients, Nutrients, Animal Type, and Region. The Ingredients segment comprises Cereals, Cereal’s by-product, Oil, Oilseed meal, Supplements, Molasses, and Others. By Nutrients, the market is classified into Antioxidants, Antibiotics, Feed Enzymes, Vitamins, Feed Acidifiers, Amino Acids, and Others. By Animal Type, the market is categorized into Swine, Poultry, Ruminants, and Others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Geographically, The Asia Pacific led the market in 2021 and is expected to maintain its lead over the forecast period. The market has been growing significantly over the last few years, owing to the increased consumption of meat and meat products in highly populated economies such as India and China.
Some of the key players operating in the Compound Feed market are 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, and List of Other Prominent Players