The Compound Feed Market Size is valued at 437.91 Billion in 2022 and is predicted to reach 606.86 Billion by the year 2031 at a 3.8 % CAGR during the forecast period for 2023-2031.
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.
Market Segmentation
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.
Competitive Landscape
Some Of The Key Players In The Compound Feed Market:
- Archer Daniels Midland Company
- Nutreco N.V.
- Cargill, Incorporated
- Charoen Pokphand Foods PCL.
- Alltech
- Kent Nutrition Group, Inc
- DE HEUS Animal Nutrition
- Ballance Agri-Nutrients Ltd.
- ForFarmers
- Purina Mills, LLC
- Feed One Co. Ltd.
- Kent Nutrition Group
- Elanco Animal Health Incorporated
- BASF SE
- Others
The Compound Feed Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 437.91 Billion |
|
Revenue Forecast In 2031 |
USD 606.86 Billion |
|
Growth Rate CAGR |
CAGR of 3.8 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Ingredients, By Nutrients, By Animal Type |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
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 |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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