The demand for compound feed is growing globally. It is becoming more affordable, and it contains the same nutrients as animal sources. Growing population has increased demand for food, and the compound feed industry has adapted to meet this demand. Compound feed is a necessary part of the meat industry. In addition to animal products, compound feed also includes plant-based ingredients. These ingredients can include fat & oil, vitamin, agro-industrial by-products, and minerals. Compound feeds can be used for poultry, swine, rabbit, and aquaculture feeds. Compound animal feeds are also available in the form of pellets and cubes.

Market Statistics:

The global compound feed market is estimated to account for US$ 458,410.80 Mn in terms of value by the end of 2021.

Global Compound Feed Market: Drivers

Industrialization of livestock feed is anticipated to propel compound feed market growth. For instance, according to FAO Stat data, from 2015 to 2017, the production of chicken increased by approximately 5% (21,693,865 in 2016 to 22,847,062 in 2018) across the world.

Global Compound Feed Market: Opportunities

Various compound feed manufacturers are introducing new products to tap into this highly potential market across the world. This is expected to offer significant growth opportunities over the forecast period. For instance, in December 2021, BASF has launched the new enzyme product Natupulse® TS for animal feed. Natupulse® TS is a non-starch polysaccharide (NSP) enzyme. As an endo-1, 4-ß-D-mannanase, it hydrolyzes ß-mannans into smaller components, e.g. manno-oligosaccharides (MOS).

Global Compound Feed Market: Restraints

Strict government regulation associated with feed hygiene, feed safety, feed composition, import &exports, and official controls is expected to hamper the market growth.

To know the latest trends and insights prevalent in the Global Compound Feed Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/compound-feed-market-5179

Global Compound Feed Market - Impact of Coronavirus (Covid-19) Pandemic

The market of compound feed has witnessed negative growth slope during Covid-19 pandemic. This is due to strict containment regulation such as lockdown and social-distancing. This has created gap between supply and demand.

Key Takeaways:

The global compound feed market was valued at US$ 458,410.80 Mn in 2021 and is forecast to reach a value of US$ 65210 Mn by 2030 at a CAGR of 4.10% between 2022 and 2030.

Cereals ingredient segment held dominant position in the global compound feed market in 2020, accounting for 50.0% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.

Compound Feed Market Trends:

Growing focus on animal health and safety to meet the domestic demand for safe and high quality foodstuffs of animal origin is driving growth of the market. Animal nutrition play important role and contribute directly to healthy livestock production.

Rising popularity of compound feed in solid form across the globe is expected to shape market growth positively. These compound feed are easily digestible by farm animals and are also available in pellets, granules, and power form.

Global Compound Feed Market: Competitive Landscape   

Charoen Pokphand Foods PCL, Cargill Inc., Land O’ Lakes Inc. (Purina Mills), Alltech Inc., Archer Daniels Midland Company, ForFarmers, United Animal Health (DeKalb Feeds), Kent Feeds, Weston Milling Animal Nutrition, and Nutreco NV

Global Compound Feed Market: Recent Developments

  1. In October 2019, Cargill introduced  Feeding  Intelligence,  a  new platform aimed at helping animal farmers navigate the  changing  food  production  landscape,  while raising awareness of their role as everyday heroes. Feeding Intelligence provides resources for farmers on the latest intelligent animal production practices, aimed at helping them improve their operations across all species.

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