Compound Feed Market Report & Analysis: Market Dynamics, Trends, Competitive Analysis, Forecasts 2023-2029

The Compound Feed Market size was valued at US $518.5 Billion in 2022 and is forecasted to grow at a CAGR of 4.4% from 2023 to 2029, reaching nearly US $700.8 Billion. The compound feed market is the production and distribution of feed that is formulated by combining different ingredients to provide balanced nutrition for livestock animals. Compound feed which is also known as mixed feed or complete feed, is widely used in the agriculture and animal husbandry industry to enhance animal health, growth and productivity. The compound feed market scope involves different livestock types, including poultry, swine, ruminants and aquaculture, each with specific nutritional requirements. Increasing global population, rising meat consumption and the need for improved livestock productivity are factors responsible for growth. Rising need for animal protein give boost to the compound feed market thereby catering to evolving consumer demands and promoting sustainable livestock production practices. Asia Pacific is leading region in the global Compound Feed industry with a share of 35.2% in 2022. Asia Pacific region is forecasted to have continuous growth in the period from 2023-2029. Compound Feed Market To know about the Research Methodology :- Request Free Sample Report

Compound Feed Market Dynamics

Compound Feed Market Drivers Driving Forces: Global Demand for Animal Protein and Advancements in Livestock Productivity Propel the Compound Feed Market The Compound Feed Market growth that drives the industry is due to an increasing need for meat, dairy products and other animal-based foods. Compound feed supports intensive livestock production and fulfilling the rising demand for animal protein. Desire for enhanced livestock productivity and efficiency is also a key driver. Balanced nutrition helps in formulating the compound feed which meets the specific dietary requirements of various livestock species, promoting optimal growth, weight gain and overall animal health. These drivers help farmers and producers achieve higher yields, reduce mortality rates and enhance the profitability of their livestock operations. Large-scale livestock operations necessitate standardized and cost-effective feed solutions to sustain high-density animal populations and compound feed fulfills this need. Thus, these industry drivers help in boosting the market.

Compound Feed Market Opportunities

Growing Horizons: Seizing Growth Opportunities in the Compound Feed Market through Aquaculture, Specialty Feeds and Sustainable Practices The Compound Feed Market observes a significant opportunity because of increasing demand for aquaculture feed as the aquaculture industry continues to grow worldwide. There is also a market for specialty and functional feeds that cater to specific needs in livestock production such as improving animal health and performance. The rise in consumer preference for organic and non-GMO products extends to the livestock industry which is an opportunity for compound feed manufacturers to develop and promote organic and non-GMO feed options. The integration of technology and digital solutions offers avenues for optimizing feed formulation processes and ingredient sourcing. There is a growing focus on sustainable and environmentally friendly feed production practices which presents an opportunity for feed manufacturers to adopt sustainable sourcing, reduce waste and explore alternative protein sources. These opportunities helps the businesses to focus on key parameters that makes them profit by meeting the evolving consumer demands and expanding their market presence.

Compound Feed Market Restraints and Challenges

The Compound Feed Market faces many restraints and challenges that are hindrance for its growth and operations. Unstable prices of raw materials such as grains and protein meals impacts profitability, while regulatory compliance adds costs and complexity. Disease outbreaks also disrupts livestock production and demand for compound feed. The industry also faces pressure to address sustainability concerns and the rise of alternative protein sources. Substitute products and the fragmented supply chain pose competitive challenges. Solution to these challenges and restraints are as, the feed manufacturers must closely monitor prices, invest in disease prevention and sustainability and exploring alternative protein sources and improve supply chain management. The market must adapt and seize growth opportunities in a dynamic industry. Compound Feed Market Trends The Market is observing an upward trend due to increasing demand for specialty feed ingredients that address specific animal health needs and the adoption of precision feeding technologies for personalized nutrition. Focus on reducing antibiotics in feed formulations which is a shift towards sustainable sourcing and production practices. An emphasis on feed safety and quality assurance measures and advancements in feed additives and nutritional solutions. These trends reflect the industry's response to evolving consumer preferences, regulatory requirements and sustainability concerns. These trends and fostering innovation helps feed manufacturers to gain a competitive advantage in this dynamic market.

Compound Feed Market Segment Analysis

The Compound Feed Market has following segments which gives the details about market, by Animal Type, by Ingredient, by Form, by Source and by Region. By Animal Type, the compound feed market is segmented as Ruminants, poultry, Swine and Aquaculture. The poultry segment is the largest market segment with share of over 42% of the total market which is due to high demand for poultry products such as chicken, turkey and eggs. The swine segment is the second-largest market segment due to high demand for pork products such as bacon, ham and sausage. Followed by the other segments in same order. By Ingredient, the Compound Feed Market is segmented as Cereals, Oilseeds meals, Animal by-products, Vitamins and minerals and Others. Cereals are the most common ingredient in compound feed with market share of over 45% of the total market because of their high nutritional value and low cost. Oilseeds meals are the second-most common ingredient in compound feed as they are good source of protein and oil. Other ingredients such as enzymes, probiotics and antioxidants are used to improve the nutritional value of feed and to protect animals from diseases. By Form, the Compound Feed Market is segmented as Pellets, Mash and Crumbles. The pellet segment holds the largest share of over 60% of the global cmarket during the forecast period due to the improved feed conversion rates, reduced waste and ease of handling and storage. The crumbles segment is forecasted to grow at a faster rate than the mash segment during the forecast period as crumbles are a more convenient form of feed than mash. By Source, the Compound Feed Market is segmented as Plant based and Animal based. The plant-based segment is the largest segment of the compound feed market with share over 70% in 2022 and the cause of it is, high availability and low cost of plant-based ingredients. The animal-based segment is forecasted to grow at a faster rate than the plant-based segment during the forecast period and the forces backing the growth is increasing demand for high-quality animal products which is meat, poultry and fish. The Compound Feed Market is analyzed within 5 regions: North America, Europe, Asia Pacific, Middle East & Africa and South America Compound Feed Market

Regional Insights

North America, South America, Europe, Asia-Pacific, Middle East and Africa and South America are the five geographic regions that provides complete analysis for the investment and future growth. The  Market is led by Asia pacific market and is forecasted to be largest region for Compound Feed Market in the forecasted period 2023-2029. Asia Pacific: Asia Pacific region is forecasted to lead the global market. Asia Pacific is the largest region for Compound Feed market share of over 35.8% in 2022. China, India, and Vietnam have witnessed rapid growth in livestock production to meet the increasing demand for animal protein. Innovation in feed technology, increasing farm sizes and improving livestock genetics are driving the market. North America: North America is the second largest region for Compound Feed Market in 2022 with market share of over 25%. The United States and Canada are major producers and consumers of compound feed, driven by their well-developed livestock industries including poultry, swine and cattle. The market is characterized by advanced feed formulation technologies, strict quality control regulations and a focus on improving animal productivity. Europe: The Europe is the third largest region for Market with share of over 20.2% in the global market share. Germany, France, the Netherlands, Spain and the United Kingdom have well-established livestock industries and strong agricultural sectors. The European market emphasizes sustainable farming practices, stringent quality standards and traceability of feed ingredients. There is also a growing demand for organic and genetically modified organism (GMO)-free compound feed in some European countries. South America: The South America is forecasted to be the fourth largest region for Compound Feed Market. The region has abundant land resources, favorable climate conditions and strong focus on meat exports has prompted the demand for compound feed. The market is characterized by a mix of large commercial operations and small-scale farmers. Middle East & Africa: The Middle East & Africa is the growing region for Compound Feed Market. South Africa, Nigeria and Kenya have significant livestock sectors and contribute to the market growth. However, the market in Africa is still developing and factors like limited access to finance, infrastructure challenges and the predominance of subsistence farming key parameters that impact its growth potential.

Compound Feed Market Competitive Analysis

Competitive landscape has been drawn by analyzing major key competitors that lead the market with their innovative and differentiating strategies. In the compound feed market, several prominent companies are engaged in fierce competition to gain market share. These companies include Cargill Inc., Archer Daniels Midland Company (ADM), Charoen Pokphand Foods PCL, Nutreco N.V., Land O'Lakes Inc., New Hope Group, Alltech Inc., DLG Group, ForFarmers N.V. and Guangdong Haid Group Co., Ltd. They strive to differentiate themselves through innovation, strategic partnerships and mergers & acquisitions. These companies are focused on expanding their presence in various regions, improving production capabilities and developing sustainable and high-quality feed formulations to meet the changing demands of the livestock industry. The competitive landscape is also influenced by smaller regional and local players that cater to specific markets. As the compound feed market continues to grow, these industry leaders and emerging players face intense competition as they aim to secure a larger market share and keep up with their core competence.

Compound Feed Market Scope: Inquire before buying

Compound Feed Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US$ 518.5 billion
Forecast Period 2023 to 2029 CAGR: 4.4% Market Size in 2029: US$ 700.8 billion
Segments Covered: by Product Ruminants Poultry Swine Aquaculture
by Ingredient Cereals Oilseeds meals Animal by-products Vitamins and minerals Others
by Form Pellets Mash Crumbles
by Source Plant based Animal based

Key players

In the report, the company portfolio of leading Global Compound Feed Market manufacturer has been covered on the basis of study and research of the global Compound Feed industry. North America: 1. Cargill Inc. 2. Archer Daniels Midland Company (ADM) 3. Land O'Lakes Inc. 4. Tyson Foods Inc. 5. Nutrien Ltd. 6. Kent Nutrition Group Inc. Europe: 1. ForFarmers N.V. 2. DLG Group 3. De Heus Animal Nutrition 4. Agrifirm Group 5. BioMar Group 6. Trouw Nutrition International B.V. Asia-Pacific: 1. Charoen Pokphand Foods PCL 2. New Hope Group 3. Guangdong Haid Group Co., Ltd. 4. Dabaco Group 5. Emivest Berhad 6. Japfa Comfeed Indonesia Tbk Latin America: 1. Nutreco N.V. 2. Alltech Inc. 3. DSM Nutritional Products 4. Purina Animal Nutrition LLC 5. Adisseo Group Middle East and Africa: 1. Almarai Company 2. Saudi Feed Premix Factory 3. NUTRIAD 4. Masterfeeds LP 5. Astral Foods Ltd. FAQs 1) What is the estimated value of the Global Market in 2022? Ans. The Global market was estimated to be valued at $518.5 billion in 2022. 2) What is the growth rate of the Global Compound Feed Market? Ans. The market growth rate at the global level is 4.4% CAGR with a forecasted value of $700.8 billion by 2029. 3) Which region has the highest growing potential across the globe? Ans. Asia Pacific region is forecasted to grow at a CAGR of 4.4% in the Compound Feed Market at highest rate among all regions in the forecast period of 2023-2029. 4) How is Global Compound Feed Market segmented by Animal Type? Ans. The Market is segmented as – Ruminants, poultry, Swine and Aquaculture 5) By Ingredient, how is Global Compound Feed Market segmented? Ans. The Compound Feed Market is segmented as – Cereals, Oilseeds meals, Animal by-products, Vitamins and minerals and Others. 6) How are the top players in Global Compound Feed Market? Ans. The research and analysis on the report encompasses the key companies in the Compound Feed industry are Cargill Inc., Archer Daniels Midland Company (ADM), Charoen Pokphand Foods PCL, Nutreco N.V., Land O'Lakes Inc., New Hope Group, Alltech Inc., DLG Group, ForFarmers N.V. and Guangdong Haid Group Co., Ltd.
1. Compound Feed Market: Research Methodology 2. Compound Feed Market: Executive Summary 3. Compound Feed Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.4. Market Structure 3.4.1. Market Leaders 3.4.2. Market Followers 3.4.3. Emerging Players 3.5. Consolidation of the Market 4. Compound Feed Market: Dynamics 4.1. Market Trends by Region 4.1.1. North America 4.1.2. Europe 4.1.3. Asia Pacific 4.1.4. Middle East and Africa 4.1.5. South America 4.2. Market Drivers by Region 4.2.1. North America 4.2.2. Europe 4.2.3. Asia Pacific 4.2.4. Middle East and Africa 4.2.5. South America 4.3. Market Restraints 4.4. Market Opportunities 4.5. Market Challenges 4.6. PORTER’s Five Forces Analysis 4.7. PESTLE Analysis 4.8. Value Chain Analysis 4.9. Regulatory Landscape by Region 4.9.1. North America 4.9.2. Europe 4.9.3. Asia Pacific 4.9.4. Middle East and Africa 4.9.5. South America 5. Compound Feed Market Size and Forecast by Segments (by Value USD and Volume Units) 5.1. Compound Feed Market Size and Forecast, by Animal Type (2022-2029) 5.1.1. Ruminants 5.1.2. Poultry 5.1.3. Swine 5.1.4. Aquaculture 5.2. Compound Feed Market Size and Forecast, by Ingredient (2022-2029) 5.2.1. Cereals 5.2.2. Oilseeds meals 5.2.3. Animal by-products 5.2.4. Vitamins and minerals 5.2.5. Others 5.3. Compound Feed Market Size and Forecast, by Form (2022-2029) 5.3.1. Pellets 5.3.2. Mash 5.3.3. Crumbles 5.4. Compound Feed Market Size and Forecast, by Source (2022-2029) 5.4.1. Plant based 5.4.2. Animal based 5.5. Compound Feed Market Size and Forecast, by Region (2022-2029) 5.5.1. North America 5.5.2. Europe 5.5.3. Asia Pacific 5.5.4. Middle East and Africa 5.5.5. South America 6. North America Compound Feed Market Size and Forecast (by Value USD and Volume Units) 6.1. North America Compound Feed Market Size and Forecast, by Animal Type (2022-2029) 6.1.1. Ruminants 6.1.2. Poultry 6.1.3. Swine 6.1.4. Aquaculture 6.2. North America Compound Feed Market Size and Forecast, by Ingredient (2022-2029) 6.2.1. Cereals 6.2.2. Oilseeds meals 6.2.3. Animal by-products 6.2.4. Vitamins and minerals 6.2.5. Others 6.3. North America Compound Feed Market Size and Forecast, by Form (2022-2029) 6.3.1. Pellets 6.3.2. Mash 6.3.3. Crumbles 6.4. North America Compound Feed Market Size and Forecast, by Source (2022-2029) 6.4.1. Plant based 6.4.2. Animal based 6.5. North America Compound Feed Market Size and Forecast, by Country (2022-2029) 6.5.1. United States 6.5.2. Canada 6.5.3. Mexico 7. Europe Compound Feed Market Size and Forecast (by Value USD and Volume Units) 7.1. Europe Compound Feed Market Size and Forecast, by Animal Type (2022-2029) 7.1.1. Ruminants 7.1.2. Poultry 7.1.3. Swine 7.1.4. Aquaculture 7.2. Europe Compound Feed Market Size and Forecast, by Ingredient (2022-2029) 7.2.1. Cereals 7.2.2. Oilseeds meals 7.2.3. Animal by-products 7.2.4. Vitamins and minerals 7.2.5. Others 7.3. Europe Compound Feed Market Size and Forecast, by Form (2022-2029) 7.3.1. Pellets 7.3.2. Mash 7.3.3. Crumbles 7.4. Others Europe Compound Feed Market Size and Forecast, by Source (2022-2029) 7.4.1. Plant based 7.4.2. Animal based 7.5. Europe Compound Feed Market Size and Forecast, by Country (2022-2029) 7.5.1. UK 7.5.2. France 7.5.3. Germany 7.5.4. Italy 7.5.5. Spain 7.5.6. Sweden 7.5.7. Austria 7.5.8. Rest of Europe 8. Asia Pacific Compound Feed Market Size and Forecast (by Value USD and Volume Units) 8.1. Asia Pacific Compound Feed Market Size and Forecast, by Animal Type (2022-2029) 8.1.1. Ruminants 8.1.2. Poultry 8.1.3. Swine 8.1.4. Aquaculture 8.2. Asia Pacific Compound Feed Market Size and Forecast, by Ingredient (2022-2029) 8.2.1. Cereals 8.2.2. Oilseeds meals 8.2.3. Animal by-products 8.2.4. Vitamins and minerals 8.2.5. Others 8.3. Asia Pacific Compound Feed Market Size and Forecast, by Form (2022-2029) 8.3.1. Pellets 8.3.2. Mash 8.3.3. Crumbles 8.4. Others Asia Pacific Compound Feed Market Size and Forecast, by Source (2022-2029) 8.4.1. Plant based 8.4.2. Animal based 8.5. Asia Pacific Compound Feed Market Size and Forecast, by Country (2022-2029) 8.5.1. China 8.5.2. S Korea 8.5.3. Japan 8.5.4. India 8.5.5. Australia 8.5.6. Indonesia 8.5.7. Malaysia 8.5.8. Vietnam 8.5.9. Taiwan 8.5.10. Bangladesh 8.5.11. Pakistan 8.5.12. Rest of Asia Pacific 9. Middle East and Africa Compound Feed Market Size and Forecast (by Value USD and Volume Units) 9.1. Middle East and Africa Compound Feed Market Size and Forecast, by Animal Type (2022-2029) 9.1.1. Ruminants 9.1.2. Poultry 9.1.3. Swine 9.1.4. Aquaculture 9.2. Middle East and Africa Compound Feed Market Size and Forecast, by Ingredient (2022-2029) 9.2.1. Cereals 9.2.2. Oilseeds meals 9.2.3. Animal by-products 9.2.4. Vitamins and minerals 9.2.5. Others 9.3. Middle East and Africa Compound Feed Market Size and Forecast, by Form (2022-2029) 9.3.1. Pellets 9.3.2. Mash 9.3.3. Crumbles 9.4. Others Middle East and Africa Compound Feed Market Size and Forecast, by Source (2022-2029) 9.4.1. Plant based 9.4.2. Animal based 9.5. Middle East and Africa Compound Feed Market Size and Forecast, by Country (2022-2029) 9.5.1. South Africa 9.5.2. GCC 9.5.3. Egypt 9.5.4. Nigeria 9.5.5. Rest of ME&A 10. South America Compound Feed Market Size and Forecast (by Value USD and Volume Units) 10.1. South America Compound Feed Market Size and Forecast, by Animal Type (2022-2029) 10.1.1. Ruminants 10.1.2. Poultry 10.1.3. Swine 10.1.4. Aquaculture 10.2. South America Compound Feed Market Size and Forecast, by Ingredient (2022-2029) 10.2.1. Cereals 10.2.2. Oilseeds meals 10.2.3. Animal by-products 10.2.4. Vitamins and minerals 10.2.5. Others 10.3. South America Compound Feed Market Size and Forecast, by Form (2022-2029) 10.3.1. Pellets 10.3.2. Mash 10.3.3. Crumbles 10.4. South America Compound Feed Market Size and Forecast, by Source (2022-2029) 10.4.1. Plant based 10.4.2. Animal based 10.5. South America Compound Feed Market Size and Forecast, by Country (2022-2029) 10.5.1. Brazil 10.5.2. Argentina 10.5.3. Rest of South America 11. Company Profile: Key players 11.1. Cargill Inc. 11.1.1. Company Overview 11.1.2. Financial Overview 11.1.3. Business Portfolio 11.1.4. SWOT Analysis 11.1.5. Business Strategy 11.1.6. Recent Developments 11.2. Archer Daniels Midland Company (ADM) 11.3. Land O'Lakes Inc. 11.4. Tyson Foods Inc. 11.5. Nutrien Ltd. 11.6. Kent Nutrition Group Inc. 11.7. ForFarmers N.V. 11.8. DLG Group 11.9. De Heus Animal Nutrition 11.10. Agrifirm Group 11.11. BioMar Group 11.12. Trouw Nutrition International B.V. 11.13. Charoen Pokphand Foods PCL 11.14. New Hope Group 11.15. Guangdong Haid Group Co., Ltd. 11.16. Dabaco Group 11.17. Emivest Berhad 11.18. Japfa Comfeed Indonesia Tbk 11.19. Nutreco N.V. 11.20. Alltech Inc. 11.21. DSM Nutritional Products 11.22. Purina Animal Nutrition LLC 11.23. Adisseo Group 11.24. Almarai Company 11.25. Saudi Feed Premix Factory 11.26. NUTRIAD 11.27. Masterfeeds LP 11.28. Astral Foods Ltd. 12. Key Findings 13. Industry Recommendation

About This Report

Report ID 196236
Category Food & Beverages
Published Date June 2023
Updated Date
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