Compound Feed Market Size - By Ingredients (Cereals, Cakes & Meal, Animal By-Products, Additives, Supplements), By Form (Pellets, Mash, Crumbled), By Livestock (Poultry {Broilers, Layers, Breeders}, Ruminants, Swine, Aquaculture), & Global Forecast, 2024 – 2032
Published on: 2024-07-28 | No of Pages : 240 | Industry : Animal Health and Nutrition
Publisher : MIR | Format : PDF&Excel
Compound Feed Market Size - By Ingredients (Cereals, Cakes & Meal, Animal By-Products, Additives, Supplements), By Form (Pellets, Mash, Crumbled), By Livestock (Poultry {Broilers, Layers, Breeders}, Ruminants, Swine, Aquaculture), & Global Forecast, 2024 – 2032
Compound Feed Market Size
Compound Feed Market size was reached USD 450.5 billion in 2023 and is projected to witness 4.5% CAGR from 2024 to 2032.
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Growing population and the subsequent rise in urbanization have resulted in the rising demand for quality animal-derived food products, including meat, milk, and eggs, favoring livestock production across the region. This will assist farmers in investing in livestock farming, thus, supporting the market for compound feed. Moreover, the shifting consumer inclination toward dietic nutrition and high protein consumption will positively influence the demand for animal products. Thus, to garner profits from the expanding the compound feed market, farmers will enhance their production capacity while improving the formulation of animal products by using compound feed.
Report Attribute | Details |
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Base Year | 2023 |
Compound Feed Market Size in 2023 | USD 450.5 Billion |
Forecast Period | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR | 4.9% |
2032 Value Projection | USD 695 Billion |
Historical Data for | 2018 to 2022 |
No. of Pages | 460 |
Tables, Charts & Figures | 516 |
Segments covered | Ingredient, Form, Livestock, and Region. |
Growth Drivers |
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Pitfalls & Challenges |
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This apart, the growing consciousness regarding animal health will fuel the demand for livestock feed products, thereby supporting the compound feed market growth. The rising awareness & concerns regarding livestock diseases have accelerated the need for safe livestock nourishment practices for proper nutrition to enhance their health and protect them against various diseases. Crowded & dirty conditions on farms can result in more diseases among animals. These diseases can increase the risk of human infections, thereby augmenting the importance of compound feed for boosting animal immunity and improving their health.
COVID-19 Impact
The compound feed market globally was taken aback by the sudden onset of the COVID-19 pandemic as several nations banned the exports of grains, including ware, barley, soybeans, maize, wheat, etc., to other countries resulting in severe demand-supply issues in the animal feed industry. Organic feed producers had to bear the brunt of draconian lockdown measures imposed by China, a prominent supplier of organic soybean, to contain the viral spread during the crisis. The closure of international airports in several countries disrupted the animal feed value chain worldwide.
Additionally, the sudden closure of hotels and restaurants, coupled with a dramatic shift in consumption patterns, limited the demand and production of livestock and aquaculture, which further took a huge toll on the industry's growth. However, with the implementation of necessary measures, the industry is on its way to registering significant progression.
Compound Feed Market Trends
However, fluctuations in raw material prices, including wheat, maize, soybean, and millet, may hinder industry profitability during the next ten years as it impacts the pricing & production of compound feed. The availability of these materials largely relies on their yield. The changing weather conditions and the excessive use of fertilizers for enhancing crop quality & yield lead to increasing costs of the end product, which may impede the market demand.
Compound Feed Market Analysis
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The mash form compound feed market is set to expand at 4.5% CAGR through 2032, due to the ability of mash feeds to enable uniform growth and reduce mortality losses. Mash feeds are finely ground and mixed, which makes it difficult for birds to separate their ingredients, thus providing a well-balanced diet with each mouthful. Besides, their relatively economical nature is likely to bolster the industry outlook.
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The cereals ingredients segment is likely to reach USD 280 billion by 2032, given the rich nutritional benefits offered by these ingredients. Cereals are rich in iron, carbohydrates, vitamins & dietary fibers, making them a preferred choice for compound feeds for different livestock. Besides, their high starch content serves as a source of energy in animal diets. The increasing concerns about maintaining healthy livestock will propel the segment gains.
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The Asia Pacific compound feed market is predicted to exceed USD 275 billion by 2032, credited to the massive rise in human population in countries such as China and India and the increasing demand for meat protein, resulting in escalating animal farming practices. In addition, growing concerns pertaining to maintaining healthy livestock will amplify the consumption of compound feed in the region.
Compound Feed Market Share
Prominent participants operating across the compound feed market include For Farmers,
- Archer Daniels Midland Company (ADM)
- Alltech
- Cargill Incorporated
- Roquette
- Charoen Pokphand Group
- Land O’ Lakes
- Guangdong Haid Group
- Feed One Co.,
- Indian Broiler Group Pvt Ltd
- and Kent Nutrition Group.
Companies in this business vertical are focusing on boosting their strategic efforts to gain a strong foothold in the global market.
For instance, in September 2022, Roquette acquired Crest Cellulose, an excipient manufacturer based in India. Roquette, a provider of pharmaceutical and nutraceutical excipients and a prominent companies in the plant-based ingredients market, had previously, in 2018, acquired a majority share in Crest Cellulose. This latest move will enable Roquette to continue growing and suffice the increasing requirement for high-quality plant-based excipients globally. With the addition of Crest Cellulose as a wholly owned subsidiary, Roquette will be able to provide its international customer base with fully traceable, pharmacopeia-compliant, and premium-quality solutions to address the most challenging issues in drug delivery.
The compound feed market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million tons and revenue in USD million from 2018 to 2032 for the following segments
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Market, By Ingredients
- Cereals
- Cakes & Meal
- By-Products
- Animal by-product
- Plant by-product
- Additives
- Supplements
- Vitamins
- Enzymes
- Acidifiers
- Amino acids
- Probiotics & prebiotics
- Others
Market, By Form
- Pellets
- Mash
- Crumbled
Market, By Livestock
- Poultry
- Broiler
- Layers
- Breeders
- Ruminants
- Dairy
- Beef
- Calf
- Other ruminants
- Swine
- Starter
- Sow
- Grower
- Aquaculture
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Poland
- Netherland
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Malaysia
- Thailand
- Latin America
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
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