Global Compound Feed Market Size By Form (Pellets, Crumbles, Mash), By Livestock (Poultry, Ruminants, Swine, Aquaculture), By Ingredients (Cereals, Cakes & Meals, By-products, and Supplements), By Geographic Scope And Forecast
Global Compound Feed Market Size By Form (Pellets, Crumbles, Mash), By Livestock (Poultry, Ruminants, Swine, Aquaculture), By Ingredients (Cereals, Cakes & Meals, By-products, and Supplements), 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
Compound Feed Market size was valued at USD 526.32 Billion in 2021 and is projected to reach USD 762.10 Billion by 2030, growing at a CAGR of 4.30% from 2023 to 2030.
One of the major factors driving the growth of the Global Compound Feed Market is an increase in food demand globally, which is accompanied by the growing worldwide population. In addition, a growing shift toward vegan diet adoption is expected to stymie the growth of the Compound Feed Market during the forecast period. The Compound Feed Market report provides a comprehensive analysis of key segments, drivers, restraints, trends, competitive landscape, and factors that are playing a substantial role in the market.
Global Compound Feed Market Definition
Compound feed states the feed is produced on the basis of the animal’s different growth stages, different production use, and different physiological requirements. Also, the research and experiment on the assessment of feed nutrition value, as per the scientific formula mixes feed from several different sources uniformly in a certain proportion and treated by approved technology.
Compound feeds are products that are responsible for improving the health of animals. Depending on the animal, different doses of feed are administered. Rapid urbanization and rising consumption of meat and other end products such as milk and eggs in various regions are driving growth opportunities in the Compound Feed Market during the forecast period. The feed improves the animal’s abilities by providing enriched nutrients alongside the feed, accelerating growth and weight gain, and developing immunity.
Global Compound Feed Market Overview
So, what's fueling the growth of the animal feed market? Well, it's mainly because we're eating more meat and animal products, and there's more commercial livestock production happening. People are also becoming more aware of their health, so they're looking for dairy and meat products that are packed with nutrients. This is obviously boosting the need for animal feed. Plus, more and more people are realizing how good algae-based ingredients are for animals! Think of microalgae as a superfood – they're enriching animal feed with all sorts of goodies, especially when the animals are young. It helps them grow strong and healthy and ensures we get top-notch eggs, milk, and meat.
In addition, the industrialization of animal farming has primarily resulted in an increase in demand for protein-rich animal feed ingredients, which has increased the feed conversion rate. Industrially farmed livestock are primarily fed concentrates made from cereal and vegetable protein, including soybean meals, to help them gain weight and produce protein-rich meat. Farm animals rely heavily on proteins and other elements as building blocks for healthy growth. Proteins in animal feeds are high in energy, minerals such as calcium and phosphorus, and essential amino acids such as lysine and methionine.
People are really waking up to how good protein is for animal health, and that's creating a big buzz for protein feeds like animal protein meals, fish meals, bone meals, feather meals, blood meals, and other protein meals. Think about itour livestock and farm animals are crucial to feeding the world, so we're going to see even more demand for compound feeds packed with protein and good stuff. All this need to boost livestock growth at every stage is really going to push the Compound Feed Market forward and fuel its growth. The only catch? The price of the raw ingredients we need keeps bouncing around, which could slow things down a bit.
Global Compound Feed Market Segmentation Analysis
The Global Compound Feed Market is segmented on the basis of Form, Livestock, Ingredients, and Geography.
Compound Feed Market, By Form
• Pellets• Crumbles• Mash• Others
Based on Form, the market is further segmented into Pellets, Crumbles, Mash, and Others. Feed Pellets provide higher nutrition density, greater economic benefits, and more comprehensive nutrition. These Pellets are easier for feeding animals to digest, absorb, and conserve; additionally, they are easier to store and transport than other forms, increasing the market growth of the compound feed market globally.
Based on Livestock, the market is segmented into Poultry, Ruminants, Swine, Aquaculture, and Others. Poultry feed is a type of food used by farm chickens, ducks, geese, and other domestic birds. Whole maize, cottonseed cake, maize germ, soya beans, sunflower, and fish meal are common ingredients in poultry feed (omen). Grain, protein supplements, including soybean oil meal, mineral supplements, and vitamin supplements are all included in modern poultry feeds, which is driving the demand and increasing the market growth globally.
Based on Ingredients, the market is segmented into Cereals, Cakes & Meals, By-products, and Supplements. In agricultural practice corn, barley, oats, rye, and sorghums are grown mostly as animal feed, though small quantities are produced for human consumption also. These grains are fed ground or whole, either separately or can be mixed with high-protein oil meals or by-products, vitamins, and minerals. Due to its high nutritional the segment is expected to grow rapidly during the estimated period.
Compound Feed Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
Based on regional analysis, the global Compound Feed Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The North American region is expected to grow most significantly during the forecast period. The easy availability of raw materials required to produce animal feed is primarily responsible for the growth of the compound feed market in this region. The changing lifestyles of consumers, as well as their growing awareness of animal health issues, have had a significant impact on the North American Compound Feed Market.
Key Players
Want to get the scoop on the global compound feed market? Our study has you covered! We'll give you the inside track, especially focusing on the worldwide view. You'll find the big names in the game like Alltech, Cargill Incorporated, Kemin Industries, Inc., Nutreco N.V., Charoen Pokphand Foods PCL, BRF S.A., Purina Animal Nutrition LLC., New Hope Group, ADM Animal Nutrition, Kent Nutrition Group, Archer Daniels Midlands, Chr. Holdings A/S, Danisco, DSM, Evonik Industries AG, Novozymes, and plenty of other key players who are making things happen. And get thiswe've got a whole section just for these major players! Our experts dig deep into their financial reports, compare their products side-by-side, and even break down their strengths, weaknesses, opportunities, and threats with a thorough SWOT analysis.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into Active, Cutting Edge, Emerging, and Innovators categories.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Compound Feed Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Compound Feed Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
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We dig deep into the market, looking at it from every angle – qualitatively, to understand the 'why,' and quantitatively, to see the numbers. We break it all down by segmentation, considering not just the money but also other important things. You'll get the market value (in USD Billion) for each segment and sub-segment, so you know exactly where the money is. We'll pinpoint the region and segment expected to be the growth leader and the one that will likely dominate. We'll also analyze each geographic area, highlighting product/service consumption and the factors influencing the market there. The competitive landscape will be clear, with market rankings of major players, and a rundown of recent service/product launches, partnerships, expansions, and acquisitions over the last five years. We offer extensive company profiles, complete with company overviews, insights, product benchmarking, and SWOT analysis for the big players. You’ll get a handle on the current and future market outlook, factoring in recent developments, opportunities, drivers, challenges, and restraints in both new and established regions. We even provide a thorough analysis using Porter's five forces and a look at the Value Chain to give you a complete picture. Finally, we’ll lay out the market dynamics and future growth opportunities and include 6 months of post-sales analyst support.
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