The Compound Feed Market Size was valued at USD 540.0 Bn in 2023 and is predicted to reach USD 738.91 Bn by 2031 at a 4.14% CAGR during the forecast period for 2024-2031.
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.
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 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.
| Report Attribute | Specifications |
| Market Size Value In 2023 | USD XX Billion |
| Revenue Forecast In 2031 | USD XX Billion |
| Growth Rate CAGR | CAGR of 4.14% from 2024 to 2031 |
| Quantitative Units | Representation of revenue in US$ Billion and CAGR from 2024 to 2031 |
| Historic Year | 2019 to 2023 |
| Forecast Year | 2024-2031 |
| 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. |
Global Compound Feed Market, by Ingredients
Global Compound Feed Market, by Nutrients
Global Compound Feed Market, by Animal Type
Global Compound Feed Market, by Region
North America Compound Feed Market, by Country
Europe Compound Feed Market, by Country
Asia Pacific Compound Feed Market, by Country
Latin America Compound Feed Market, by Country
Middle East & Africa Compound Feed Market, by Country
Companies Mentioned
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.