Market Overview:

Compound Feed Market was at US$ 528.9 billion in 2019 and is expected to grow at an annual rate of 1.62% to reach US$ 573.1 billion by 2024. Compound feed is a mixture of raw materials and supplements, from plants or animals, orally fed to cattle. The most used raw materials are soy, corn, barley. Wheat and sorghum are the most common additives for the formation of compound feeding are minerals, amino acids, antibiotics and pigments. Compound feeds have become an essential part of livestock farming and meat production worldwide. 

Market Drivers and Restraints:

The global compound feed market is mainly driven by factors such as increased world meat consumption, increased awareness of meat quality and safety, increased mass production of meat production and recent outbreaks of animal diseases. The growing world population is also supporting the growth of the world meat market, eventually increasing the demand for compound feed. Increasing consumer awareness about the advantages of organic food and meat has led to increased consumption, which in turn has led to increased demand for compound feed. The different regulatory structures, volatile economies and rising costs of the business are the main constraints to the market. The rising cost of raw materials is also a significant challenge for companies in the business.

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Report segmented as

By Ingredients:

Cereals,
Cereals By-Product,
Oilseed Meal,
Oil,
Molasses,
Supplements
By Supplements:

Vitamins,
Antibiotics,
Antioxidants,
Amino Acids,
Feed Enzymes,
Feed Acidifiers
By Animal Type:

Ruminant,
Swine,
Poultry,
Aquaculture
Geographical Analysis:

The market has been geographically fragmented in North America, Europe, the Asia-Pacific and the rest of the world. The poultry sector is developing as a leading segment of livestock consumption, followed by pigs and cattle, due to the increased demand for poultry meat, consumer preferences and increased income available in developing economies, mainly in China and India. The Asia-Pacific region is expected to offer lucrative growth opportunities due to the significant increase in feed production and greater consumer awareness of the quality of meat and dairy products and related products.

Important Market Players:

Some of the chief companies controlling this market are Cargill Inc., Charoen Pokphand Foods, Archer Daniels Midland Company, Land o’ lakes, Inc., Nutreco, ALLTECH, INC, New Hope Group Co. Ltd, Wen’s Group, ForFarmers B.V., Agribusiness Holding Miratorg, Kyodo Shiryo Company, Sodrugestvo Group S.A., DeKalb Feeds, Inc., De Heus B.V, Ballance Agri-Nutrients Ltd., J.D. Heiskell & CO, Kent Feeds, Weston Milling Animal Nutrition, EWOS GROUP.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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