Global Compound Feed And Feed Additive Market Size By Type (Swine Feed, Cattle Feed), By Application (Poultry, Pig, Ruminant), & Region 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Global Compound Feed And Feed Additive Market Valuation – 2024-2031

The global market for compound feed and feed additives is driven by the increasing demand for high-quality animal protein, advancements in animal nutrition, and the growing awareness of animal health and welfare. According to the analyst from Market Research, the Global Compound Feed, And Feed Additive Market is estimated to reach a valuation of USD 701.84 USD by 2031 Billion over the forecast by subjugating the revenue of USD 533.77 USD Billion in 2024.

The market is poised for growth, driven by the rising global demand for animal protein and continuous innovations in feed technology. This surge in demand enables the market to grow at a CAGR of 3.84% from 2024 to 2031.

Global Compound Feed And Feed Additive MarketDefinition/ Overview

Compound feed, also known as mixed feed, is a blend of various raw materials and additives formulated to provide essential nutrients to livestock. These feeds are designed to meet the specific dietary needs of animals, ensuring they receive a balanced intake of proteins, vitamins, minerals, and other nutrients required for optimal growth, health, and productivity. The formulation of compound feed varies depending on the type of animal (e.g., poultry, cattle, swine, aquatic animals) and their specific life stage or production purpose (e.g., lactating, fattening).

Compound feed typically includes a combination of grains, oilseeds, protein meals, vitamins, minerals, and sometimes medicinal ingredients. There are various types of compound feed, including complete feed, which can be fed as the sole diet, and complementary feed, which needs to be supplemented with other feedstuffs?. These are essential components in modern livestock farming, providing necessary nutrients and improving overall animal health and productivity.

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What are the factors that surge the demand for the Global Compound Feed And Feed Additive Market?

A growing global population, particularly in developing countries, is leading to a significant increase in the consumption of meat, poultry, eggs, and dairy products. This dietary shift is driven by several factors, including rising incomes, urbanization, and a growing middle class. As disposable incomes increase, consumers have more money to spend on animal protein, which is often seen as a status symbol and a marker of a healthy diet. This dietary change further fuels the demand for compound feed.

Farmers are really starting to see how important it is to give their animals balanced diets so they can stay healthy, be productive, and just live better lives. That's where compound feed comes in – it's like a perfectly crafted meal that gives animals exactly what they need, depending on what kind of animal they are and what stage of life they're in. Think of it as giving them all the essential vitamins, minerals, proteins, carbs, and fats they need to really thrive. A good compound feed can help animals eat better, digest their food more easily, and absorb all the good stuff, leading to better growth, more milk, and more eggs! Plus, stuff like vitamins, minerals, antibiotics, and probiotics, added to their feed, can boost their immune systems, help them grow faster, and make them really efficient at turning food into energy.

What factors hinder the growth of the Global Compound Feed And Feed Additive Market?

There is a growing emphasis on sustainable practices in the livestock industry. This includes concerns about the environmental impact of feed production, such as deforestation to create space for crops used in animal feed. Additionally, the overuse of certain feed additives, such as antibiotics and growth promoters, can contribute to antimicrobial resistance and environmental pollution. The industry needs to adapt to meet these sustainability demands by exploring alternative feed sources, such as insect protein and plant-based protein, and by developing more efficient feed formulations that reduce nutrient waste.

Furthermore, The compound feed industry relies heavily on commodities like corn, soybeans, and other grains for feed production. Fluctuations in the prices of these raw materials can significantly impact the overall cost of compound feed, squeezing profit margins for producers and farmers. Geopolitical issues, weather patterns, and supply chain disruptions can all contribute to price volatility.

Category-Wise Acumens

How does the increasing adoption of Swine compound feed impact the market growth?

Okay, so experts are saying that swine compound feed will likely be the top dog in the Compound Feed And Feed Additive Market for the next few years. Basically, this stuff feeds the pigs that give us pork. And since everyone loves pork, it makes sense! We're seeing a bigger global population, especially in countries that are still developing, and that means more people wanting protein. Plus, pork is often cheaper and, let's face it, tastier than beef. And with more folks living in cities, those quick and easy pork options like bacon and sausage are super appealing.

Swine compound feed is a precisely formulated blend of nutrients that meets the specific needs of pigs at various stages of their life cycle. This balanced diet leads to better feed conversion rates, faster growth rates, and higher overall productivity. With these improvements, farmers can raise more pigs on less feed, leading to increased profitability and incentivizing further adoption of compound feed

How Poultry segment propel the growth of the Global Compound Feed And Feed Additive Market?

Poultry accounts for the largest share of the compound feed market, driven by the ever-increasing global demand for chicken and eggs. This rising demand is fueled by factors like population growth, urbanization, and a growing preference for affordable protein sources like chicken.

Think of compound feed as a carefully crafted meal plan for your chickens! It's designed to give them exactly what they need as they grow – kind of like a special recipe for each stage of life. This means they get all the right nutrients, which helps them grow faster, lay more eggs, and use their food more efficiently. Plus, we can add things like essential vitamins and minerals to their feed to boost their immune systems and keep them healthy. This leads to happier, more uniform flocks and a more consistent supply of delicious poultry products. Ultimately, compound feed helps chickens turn their food into meat or eggs efficiently. This translates to lower costs for farmers because they need less feed to get the same results.

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Country/Region-wise Acumens

How is the demand for the Compound Feed And Feed Additive Market influencing the growth of the market in the Asia Pacific region?

The Asia-Pacific is said to be dominating the compound feed and feed additive market during the forecast year. Farmers in the Asia Pacific region are increasingly recognizing the benefits of using compound feed and feed additives to enhance animal performance. These products can improve feed conversion efficiency, growth rates, milk yield, and egg production. This translates to higher profitability for farmers, further increasing the demand for these products.

Think of compound feed as a smart way to feed your animals without breaking the bank! Instead of just giving them plain old grains, compound feed provides a complete and balanced diet. This is super helpful, especially if you're in a place where land is scarce and growing animal fodder is tough and costly. Because it’s a carefully mixed blend, it minimizes nutrient deficiencies and helps animals get the most out of their food. This means significant cost savings for farmers, because they don't have to buy and manage a ton of different ingredients. Plus, with a complete feed mix, animals are more likely to eat everything they need, which helps cut down on feed waste.

What factors contribute to the potential opportunities in North America?

North America region is estimated to grow at the highest CAGR within the compound feed and feed additive market during the forecast period. This established industry provides a solid foundation for the Compound Feed and Feed Additive Market.

Furthermore, North America is a hub for research and development in animal nutrition. Leading companies and universities are constantly innovating new feed formulations and feed additives to optimize animal performance, health, and well-being. These advancements can lead to more efficient feed conversion rates, improved meat quality, and enhanced disease resistance in livestock.

Also, Growing concerns about environmental sustainability are influencing the Compound Feed and Feed Additive Market in North America. There’s a push for developing eco-friendly feed production methods and exploring alternative feed sources like insect protein or plant-based ingredients. This focus on sustainability can open doors for innovative companies that cater to this growing demand.  Strict regulations in North America regarding food safety and animal welfare drive the demand for high-quality feed ingredients and additives. This focus ensures the safety and ethical treatment of animals within the food chain, which can resonate with consumers who value these aspects.

Competitive Landscape

The competitive landscape of the compound feed and feed additive market is characterized by the presence of numerous players operating across the globe.

Some of the prominent players operating in the Compound Feed And Feed Additive Market t include

  • Cargill Inc.
  • Archer Daniels Midland Company (ADM)
  • DSM Nutritional Products
  • Nutreco
  • Alltech
  • BASF SE
  • Evonik Industries AG
  • Kemin Industries
  • Lallemand Animal Nutrition
  • Novozymes

Latest Developments

  • In 2024, ADM completed the acquisition of Sojaprotein, a leading European provider of soy-based ingredients, to strengthen its presence in the plant-based protein market. The company launched a new line of feed enzymes designed to improve feed efficiency and reduce environmental impact in poultry and swine production.
  • In 2023, DSM collaborated with Evonik to expand their joint venture, Veramaris, which produces omega-3 fatty acids from natural marine algae for use in aquafeed.
  • In 2022, Nutreco, launched a new sustainability strategy focused on reducing its environmental footprint and promoting sustainable sourcing of raw materials for animal nutrition. The company invested in digital solutions for precision farming and animal health monitoring to optimize feed efficiency and animal welfare.
  • In 2023, Alltech, partnered with Microsoft to develop a cloud-based platform, AgriTech Analytics, to provide real-time insights and data-driven recommendations for livestock producers. The company expanded its portfolio of natural feed additives with the launch of a new yeast-based product for improving gut health and nutrient absorption in ruminants.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~3.84 % from 2024 to 2031

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Type
  • Application
  • Region
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Cargill Inc., Archer Daniels Midland Company (ADM), DSM Nutritional Products, Nutreco, Alltech, BASF SE, Evonik Industries AG, Kemin Industries, Lallemand Animal Nutrition, Novozymes

Customization

Report customization along with purchase available upon request

Compound Feed and Feed Additives Market, by category

 By Type

  • Swine Feed
  • Cattle Feed

By Application

  • Poultry
  • Pig
  • Ruminant
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We'll dive into the market with both qualitative (think feelings and opinions) and quantitative (numbers and stats) analysis, using segmentation that looks at everything from money matters to other important stuff. You'll get the market value in USD Billion for every little piece of the market – each segment and sub-segment. We'll point out which area and segment are predicted to be the rock stars – the ones with the quickest growth and biggest influence. Plus, a geographical breakdown, showing where the product/service is popular and what's driving the market in each area. Think of it as a "who's who" in the market! We'll map out the competitive landscape, ranking the big players and highlighting their latest moves, like new service launches, partnerships, expansions, and acquisitions over the last five years. We'll also give you detailed company profiles, including an overview, key insights, product comparisons, and a SWOT analysis to see their strengths, weaknesses, opportunities, and threats. Get the inside scoop on the present and future of the industry, considering recent happenings like growth opportunities, what's fueling things, and the hurdles and limitations in both up-and-coming and established regions. We'll even dig deep using Porter's five forces to analyze the market from all angles, give you insight through the Value Chain, and paint a picture of the market dynamics – the ups and downs and chances for growth in the years ahead. And don't forget, you get 6 months of post-sales analyst support to help you make sense of it all!

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Pivotal Questions Answered in the Study

Compound Feed and Feed Additives Market was valued at USD 533.77 USD Billion in 2024 and is projected to reach 701.84 USD Billion by 2031, growing at a CAGR of 3.84 % from 2024 to 2031.
Global meat consumption has been steadily increasing. The growing population, urbanization, demographics, income, prices, and environmental and health concerns are all important factors influencing the amount and type of meat consumed.
The major players are Cargill Inc., Archer Daniels Midland Company, Land O’Lakes Inc., Nutreco N.V., Charoen Pokphand Group, Alltech Inc., New Hope Group Co. Ltd., Purina Animal Nutrition LLC.
The Global Compound Feed and Feed Additives Market is Segmented on the basis of Type, Application, And Geography.
The sample report for the Compound Feed And Feed Additives Market can be obtained on demand from the website. Also, 24*7 chat support & direct call services are provided to procure the sample report.

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