Global Animal-based Compound Feed Market Size By Livestock Type, By Ingredients, By Form, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Animal-based Compound Feed Market Size And Forecast
Animal-based Compound Feed Market size was valued at USD 800.1 Billion in 2023 and is projected to reach USD 1,000.1 Billion by 2030, growing at a CAGR of 5.5% during the forecast period 2024-2030.
Global Animal-based Compound Feed Market Drivers
The market drivers for the Animal-based Compound Feed Market can be influenced by various factors. These may include
Growing Livestock ProductionThe market for animal-based compound feed is mostly driven by the growth of the livestock industry, which includes the rearing of pigs, poultry, and cattle. Using nutritionally balanced feeds is essential to improving animal productivity and health as livestock production rises.
Technological Developments in Feed ManufacturingAs feed manufacturing technologies continue to progress, animal-based compound feeds are produced with greater efficiency and nutritional optimization. Better feed utilization, enhanced animal performance, and market expansion are all facilitated by these technology.
Emphasis on Animal Health and NutritionSince animal health and nutrition are becoming more and more important, there is a greater focus on offering premium, nutrient-rich feeds. Animal-based compound feed products with added value and specialization are in high demand due to this emphasis on animal welfare.
Meat Trade GlobalizationAs a result of the meat trade being global, the market for livestock products has become more interconnected. In order to satisfy global quality and safety standards, there is a greater need for standardized, premium animal-based compound feeds.
Initiatives and Regulations from the GovernmentThe market for animal-based compound feed may be stimulated by government support for safe and sustainable livestock farming methods through regulations. Market expansion may benefit from regulations that prioritize the use of premium feed ingredients and environmentally friendly production techniques.
Demand for Premium Meat ProductsThe market is driven by a shift in customer tastes toward premium meat products that are healthier. This is reflected in the demand for high-quality animal-based compound feeds. The market for feed products is influenced by consumers’ growing consciousness of the origin and production methods of meat.
Price fluctuations for raw materialsThe price and accessibility of raw materials, such as grains and protein sources, have a big influence on the market for compound feed for animals. Price fluctuations for raw materials can have an impact on total production costs, which in turn can have an impact on market dynamics.
Environmental Sustainability ConcernsAs awareness of how livestock agriculture affects the environment grows, so does the need for environmentally friendly and sustainable feed options. As a means of addressing environmental challenges, manufacturers are investigating innovations and alternatives, which is opening up new markets.
Urbanization and Emerging MarketsThe rising demand for animal-based products is a result of both the rapid urbanization process and the rise of new markets. Thus, in order to support intensive agricultural operations, there is a growing need for effective and superior animal-based compound feeds.
Global Animal-based Compound Feed Market Restraints
Several factors can act as restraints or challenges for the Animal-based Compound Feed Market . These may include
Price fluctuations for raw materialsThe animal-based compound feed sector is highly dependent on ingredients like soybean meal and cereals for its raw materials. Price fluctuations for these commodities have the potential to affect the market by affecting the total cost of manufacturing.
Regulatory RestraintsManufacturers may encounter difficulties complying with strict laws concerning the safety, quality, and components of animal feed. Adherence to changing regulatory requirements might necessitate large expenditures in R&D and manufacturing procedures.
Disease OutbreaksA decrease in the market for compound feed derived from animals may result from the emergence of diseases that impact cattle. Epidemics can cause supply chain disruptions, which raise expenses and lower output.
Environmental ConcernsIncreasing knowledge of how cattle farming affects the environment, particularly in relation to deforestation, water use, and greenhouse gas emissions, can have an impact on consumer preferences and governmental policies. This could result in closer examination and perhaps restrictions on specific kinds of compound feed made from animals.
Alternatives and SubstitutesThe market for animal-based compound feed may be impacted by the emergence of alternative protein sources and substitutes, such as plant-based proteins. The market for conventional feeds derived from animals may be impacted by shifting customer preferences for more ethical and sustainable food sources.
Global Economic ConditionsConsumers’ purchasing power can be affected by economic downturns or uncertainties, which can therefore have an impact on the demand for animal-based products and the compound feed market as a whole.
Tariffs and Trade BarriersModifications to international trade regulations, tariffs, and trade barriers may impact the price of importing and exporting final goods and raw materials, which may have an impact on the market for animal-based compound feed’s competitiveness.
Technological DisruptionsThe advent of synthetic substitutes or other feed manufacturing techniques can upend established markets and provide difficulties for companies already involved in the animal-based compound feed sector.
Global Animal-based Compound Feed Market Segmentation Analysis
The Global Animal-based Compound Feed Market is Segmented on the basis of Livestock Type, Ingredients, Form, and Geography.
Animal-based Compound Feed Market, By Livestock Type
Poultry FeedProducts designed specifically for chickens, ducks, turkeys, and other poultry.
Swine FeedFeed formulations for pigs and hogs.
Cattle FeedTargeted for dairy and beef cattle.
Aquaculture FeedTailored for fish and other aquatic species.
Pet FoodFeed designed for companion animals, including dogs and cats.
Animal-based Compound Feed Market, By Ingredients
CerealsFeed containing grains like corn, wheat, and barley.
Oilseeds & DerivativesIncludes soybean meal, sunflower meal, and other oilseed-based ingredients.
FishmealFeed made from ground-up fish, often used in aquaculture feed.
AdditivesSubstances added to enhance nutritional value, flavor, or shelf life.
Animal-based Compound Feed Market, By Form
PelletsFeed presented in small, compressed, and easily consumable pellet form.
PowderFinely ground feed that can be mixed with other components or directly fed.
LiquidFeed in liquid form, often used for specific applications or administration methods.
Animal-based Compound Feed Market, By Geography
North AmericaMarket conditions and demand in the United States, Canada, and Mexico.
EuropeAnalysis of the Animal-based Compound Feed Market in European countries.
Asia-PacificFocusing on countries like China, India, Japan, South Korea, and others.
Middle East and AfricaExamining market dynamics in the Middle East and African regions.
Latin AmericaCovering market trends and developments in countries across Latin America.
Key Players
The major players in the Animal-based Compound Feed Market are
Cargill, Inc.
Charoen Pokphand Foods PCL
New Hope Group
Land O’Lakes, Inc
Alltech
Ewos Group
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2030
BASE YEAR
2023
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Cargill, Inc., Charoen Pokphand Foods PCL, New Hope Group, Land O’Lakes, Inc, Alltech, Ewos Group
SEGMENTS COVERED
By Livestock Type, By Ingredients, By Form, and By Geography
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