Compound Feed Market

Report Overview

[170+ Pages Research Report] Compound Feed Market to surpass USD 864.6 billion by 2032 from USD 525.3 billion in 2021 at a CAGR of 4.6%  throughout the forecast period 2022-32

Product Overview

Compound feed is a blend of different concentrate feed ingredients in the right amounts. Compound cow feed often contains bran, grains, agro-industrial by-products, protein meals or cakes, vitamins, etc. Compound cattle feed, which can take the shape of pellets, mash, etc., is an affordable source of concentrate supplements. This feed is tasty and a good source of nutrients for growing, mature, milk-producing, and pregnant animals. The cost of producing milk from dairy animals can be maximized, and net profitability can be raised, by using compound cattle feed regularly in the recommended quantity besides the basic diet. Many organizations encourage the use of various compound feeds like feed for dry pregnant animals, feed for high-producing animals, more.

Market Highlights

The Compound Feed Market is expected to project a notable CAGR of 4.6% in 2032.

Compound Feed Market to surpass USD 864.6 billion by 2032 from USD 525.3 billion in 2021 at a CAGR of 4.6% in the coming years, i.e., 2022-32. The rising consumer demand for meat and dairy products is driving the demand for compound feed in the expanding livestock and animal husbandry sectors. Also, the expansion of domestic and foreign food chains and eateries is further expected to fuel the Compound Feed Market growth.

Figure - Market Analysis of Compound Feed Market

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Compound Feed Market: Segments

The Swine segment is expected to grow with a higher CAGR during 2022-32

Compound Feed Market is categorized on the basis of Animal Type into Cattle, Swine, Poultry, Aquaculture, and Others. The swine sector is anticipated to hold the majority of the market share over the projected period due to the strong demand for pig meat in the United States, Mexico, China, and other South East Asian nations. The poultry segment is anticipated to grow at a higher CAGR due to the rising production of poultry animals like chicken and turkey in response to the strong demand for chicken and eggs as an affordable source of protein. Global demand for white meat is rising, which helps the poultry segment’s growth even more.

The Animal By-Products segment is expected to grow with a higher CAGR during 2022-32

Compound Feed Market is categorized on the basis of Ingredient into Feed Cereals, Cakes & Meals, Animal By-Products, and Others. The Animal By-Products segment is anticipated to expand significantly and at a higher CAGR over the projected period. The leftover material after whole grains is processed for human consumption is known as "Animal By-Product." Grain byproducts provide a complete source of nourishment for animals since they are high in protein, vitamins, fiber, and fat. As a result, byproducts are being added to compound feeds more frequently.

Figure - Market Analysis of Global Compound Feed Market

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Market Dynamics

Growth Drivers

The Growing Income, Changing Diets, and Ever-Increasing Population

The large-scale production of cattle aids in supplying the mounting demand for animal goods. Farm animals play a key role in social and economic functions besides contributing to the food production. Globally, maximum small-scale farmers are still dependent on cattle for their livings. The demand for animal products has increased as a result of rising incomes, changing diets, and expanding populations. Products of animals like milk, eggs, and meat are today more prevalent than the past years.

Growing Emphasis of Farmers on Improvement of Farm Animals

Since healthy farm animals wipe out hunger, sustainable food production, livestock farmers, and healthy people in both developing and developed countries account for a high priority on improving the livestock health. Animal products are not only a source of food but also a source of money for many animal owners and small farmers in developing nations. The safety and quality of animal feed are also important considerations to satisfy domestic demand for high-grade, safe animal-derived commodities.

Restraint

High Prices of Raw Material and Strict Government Regulations

The high-priced raw materials on a worldwide scale and the stronger government regulations in industrialized countries have a big impact on the development of the compound feed industry. Cost and nutritional value have a significant impact on the type and quantity of feed raw materials used in animal feed. The price of meals derived from animal byproducts varies along with every change in the consumption and production of animals and their products, respectively.

Recent Developments

• A collaborative agreement between Cargill, Inc. (US) and Intelia (Canada) was formed in May 2022 to improve broiler performance using a new precision management technology. The information gathered from this digital platform will serve to improve operational effectiveness, bird health and welfare.
• De Heus Animal Nutrition, a company with headquarters in the Netherlands reached a deal to acquire the Polish production plant of the renowned feed manufacturer Golpasz in July 2020.
• The establishment of a new animal feed manufacturing operation in Nakuru, Kenya, was announced by Bidco Land O' Lakes, a joint venture between American cooperative Land O' Lakes and the East African enterprise Bidco Africa, in December 2019.

Compound Feed Market: Key Players

• Cargill Inc

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

• BASF SE
• Smithfield
• ForFarmers
• Nutreco N.V
• Land O' Lakes
• Alltech Inc
• Godrej Agrovet Ltd
• Kemin Industries Inc.
• Trow Nutrition
• De Hues Animal Nutrition
• ARASCO
• BIOMIN Holding GmbH
• Feed One Co.
• Sobti Industries
• Other Prominent Players

Compound Feed Market: Regions

Compound Feed Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific region held the larger market share and is anticipated to continue its dominance over the next years as well. The dominance of the region is attributed to high levels of animal production and high levels of meat consumption brought on by high incomes. The demand for meat, dairy products, and fish has increased quickly due to the high wealth that comes with a rapidly expanding economy. The meat and dairy industries of Asia Pacific are expanding to keep up with the high growth rate in consumption, which causes feed consumption to rise very quickly.

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Impact of Covid-19 on Compound Feed Market

The livestock sector, mainly the feed production, was majorly impacted by the COVID-19 disease. The limitations on transportation services and sudden closure of manufacturing facilities had an impact on the feed production. The feed supply from one nation to another was also hindered by the border control establishment. Also, the ban on dining out resulted in a decrease in the use of meat products in restaurants and lodging facilities. In many nations around the world, the closure of schools, colleges, and offices also had an impact on the consumption of animal products including milk, eggs, and meat. Thus, the reduction in meat consumption caused by the closing of hotels, restaurants, and other lodging institutions (HRIs) had an adverse effect on feed output.

Compound Feed Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Compound Feed Market report also contains analysis on:

Compound Feed Market Segments:

• By Animal Type 
  • Cattle
  • Swine
  • Poultry
  • Aquaculture
  • Others
• By Form 
  • Solid
  • Liquid
• By Ingredient
  • Feed Cereals
  • Cakes & Meals
  • Animal By-Products
  • Others 
• Compound Feed Market Dynamics
• Compound Feed Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Compound Feed Market Report Scope and Segmentation

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