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Compound Feed Market: By Animal Type (Cattle, Swine, Poultry, Aquaculture, Others), By Form (Solid, Liquid), By Ingredient (Feed Cereals, Cakes & Meals, Animal by-Products, Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
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.
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.
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.
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.
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.
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.
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.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
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.
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.
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REPORT ATTRIBUTE |
DETAILS |
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Market Size Value in 2021 |
USD 525.3 billion |
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Revenue Forecast in 2032 |
USD 864.6 billion |
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Growth Rate |
CAGR of 4.6% from 2022 to 2032 |
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Base Year for Estimation |
2021 |
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Quantitative Units |
Revenue in USD billion and CAGR from 2022 to 2032 |
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Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments Covered |
Animal Type, Form, Ingredient, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key Companies Profiled |
Cargill Inc, 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, and Other Prominent Players. |
The Compound Feed Market size was estimated at USD 525.3 billion in 2021 and is expected to reach USD 864.6 billion in 2032.
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.
The Swine and Animal By-Products segments accounted for the larger share of the Compound Feed Market.
Key players in the Compound Feed Market are Cargill Inc, 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, and Other Prominent Players.
The major drivers of the Compound Feed Market are the rising consumer demand for meat and dairy products and the expansion of domestic and foreign food chains and eateries.
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