Market Overview:
Compound Feed Market Size Was Valued at USD 492.06 Billion in 2023 and is Projected to Reach USD 728.73 Billion by 2032, Growing at a CAGR of 4.46% From 2024-2032.
A feed mixture is feed prepared based on different growth stages, physiological needs, and different production goals of animals, which helps to improve the nutritional value of the feed. The compound feed is rich in ingredients and formulated according to the needs of the target animal, including vitamins, minerals, protein cakes/meals, chunns, agro-industrial by-products, grains, and bran. This type of feed is made in the form of pellets, flour, cubes, or crumbs. Compound feed is tasty and very useful for pregnant women and dairy animals, thus contributing to the growth of the compound feed market. Additionally, growth in the global livestock population, the spread of animal diseases, and population growth, especially in developing countries, are expected to contribute to the growth of the composite food market.
Top Key Players Covered In The Compound Feed Market:
- Guangdong Haid Group Co. Ltd. (China)
- New Hope Group SA (Australia)
- Land O'Lakes Inc. (US)
- ForFarmers N.V. (Netherlands)
- Nutreco NV (Netherlands)
- J.D. Heiskell & Co. (US)
- Alltech (US)
- Feed One Co. Ltd. (Japan)
- Kent Nutrition Group Inc. (US)
- Archer Daniels Midland Company (US)
- Cargill Inc. (US)
- Charoen Pokphand Foods Public Company Limited (Thailand) And Other Major Players.
Market Dynamics and Factors:
One of the drivers in the compound feed market is the rapid demand for improving animal health and nutrition. As the awareness of the link between animal nutrition and overall health increases, there is a growing emphasis on providing high-quality and balanced diets for livestock and other animals. Livestock producers and animal owners are increasingly recognizing the importance of optimal nutrition in promoting animal growth, productivity, and overall well-being. A well-balanced compound feed can provide the necessary nutrients, vitamins, and minerals that may be lacking in traditional feed sources.
An opportunity in the compound feed market is the rising demand for meat products and seafood. As the global population and income levels continue to grow, there is an increasing demand for animal-based protein sources, such as meat and seafood, particularly in developing countries. To meet this demand, livestock producers and aquaculture operators are seeking ways to improve production efficiency and increase yields.
The Compound Feed Market Report Highlight:
- By Ingredient, feed cereals are expected to dominate the compound feed market in the forthcoming years. Feed grains are highly consumed compared to other ingredients due to their strong nutritional value and wide availability, leading to a dominant compound feed market. Maize, wheat, and rice are mostly consumed as feed grains in developing countries.
- By Form, the solid form segment is anticipated to dominate the market of compound feed over the projected period. Mixed feed is mostly consumed in solid form compared to liquid form when feeding different animals because it is time and cost-effective and easily available. The solid form is easily digestible and available in three forms such as powder, granules, and granules, which contributes to the growth of this segment.
- By Animal Type, the swine segment is expected to hold the largest share during the forecasted period. from the increase in pork demand in China, Mexico, the United States, and other Southeast Asian countries.
- The Asia Pacific region is expected to dominate the compound feed market and will continue to thrive in its dominant position during the forecast period due to increasing R&D investments, demand for meat including lamb, poultry, beef, and pork, and high awareness and popularity among livestock.
Key Industry Development:
In May 2023, Cargill’s salt business signed an agreement with CIECH Group, a leading supplier of evaporated salt products. The food-grade evaporated salts manufactured by CIECH, will be combined with Cargill’s industry-leading portfolio of specialty food salts, including Alberger®, Premier™, Microsized®, and Potassium Pro®.
Compound Feed Market Segmentation:
By Ingredient
- Feed Cereals
- Cakes and Meals
- Animal By-Products
By Form
- Solid
- Liquid
By Animal Type
- Cattle
- Swine
- Poultry
- Aquaculture
For this report, Introspective Market Research has segmented the Compound Feed Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2024-2032)
North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest Of Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
