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Compound Feeds and Additives Market: Segmented by Source (Plant, Animal and Others); By Product (Crumbles, Pellet Form, Mash Form and Others); By Ingredients (Cakes and Meals, Cereal Ingredients, Supplements, Milling By-Products and Other); By Livestock Feeds (Aquaculture Feed, Swine Feed, Ruminants Feed, Poultry Feed and Other); and Region - Global Analysis of Market Size, Share & Trends for 2019-2020 and Forecasts to 2030
[170+ Pages Research Report] Compound Feeds and Additives to surpass USD 68.12 billion by 2030 from USD 39.34 billion in 2020 at a CAGR of 8.7 % in the coming years, i.e., 2021-30.
Compound feeds are feeds that are processed to help livestock grow faster. The feeds are mixed and have different nutritional qualities to help the animal's growth stage and the particular needs of the livestock product in question. Grain, bran, soybeans, sorghum, barley, oats, corn, rice, poultry meal, meat, and bone are all common ingredients in compound feeds. Compound feed is primarily used to provide top-quality nutrients to livestock. Feed additives are supplements that are applied to livestock feed to improve the nutritional quality of the current feed or to provide therapeutic properties that can help avoid or cure diseases in the animals.
Global Compound Feeds and Additives market is expected to project a notable CAGR of 8.7% in 2030.
The world's rising demand for livestock products is driving the compound feed and additives industry. As livestock farmers around the world strive to meet the rising demand for livestock, the demand for high-quality feed that provides the required nutrients is increasing. The growing demand for high-quality meat products, as well as increasingly stringent government regulations governing livestock products, is driving the compound feed and additives industry.
Plant segment to grow with the highest CAGR during 2020-30
Global Compound Feeds and Additives market is segmented by Source into Plant, Animal, and Others. Plant segment held the largest market share in the year 2020. Corn, soybeans, oats, barley, and sorghum are the most popular feed grains used in commercial feeds. Given that the most productive livestock, such as poultry and cattle, are dependent on plant-based feeds, as well as the cost-effectiveness of such plant-based feed, the plant-based sources are expected to continue to hold the largest share of the market among the other segments.
Pellet form segment to grow with the highest CAGR during 2020-30
Global Compound Feeds and Additives market is divided by Product form into crumbles, pellet form, mash form,, and others. Over the forecast period, the pellet form segment is projected to expand at the fastest pace. Pellets are easier to store and transport and they can be precisely measured to avoid livestock overfeeding or underfeeding. Pellets are easier for animals to digest than other types of feed, have a higher feed density, less wastage,, and variety, and have improved mechanical feed handling on automated feed lines. The pellet form's advantages over other feed types are expected to drive up demand for pellet form feed in the compound feed and additives industry.
Cereal ingredient segment to grow with the highest CAGR during 2020-30
Global Compound Feeds and Additives market is segmented by Ingredients into cakes and meals, cereal ingredients, supplements, milling by-products,, and Other. Cereal ingredients segment held the largest market share in the year 2020. During the forecast period, it is predicted to be the largest and fastest-growing market. Cereals are the most popular and important source of energy for livestock. Cereals are easier to come by for compound feed vendors, and they can be purchased locally from farmers. Depending on the availability of cereals in the area, the type of cereal varies from region to region. Cereals provide the high energy required by livestock and are less expensive, resulting in the cereal ingredients segment's superiority over other segments.
Poultry feed segment to grow with the highest CAGR during 2020-30
Global Compound Feeds and Additives market is divided by livestock feeds into aquaculture feed, swine feed, ruminants feed, poultry feed,, and others. Over the forecast period, the poultry feed segment is projected to expand at the fastest pace. Despite the massive customer preference for poultry products, poultry products have the highest demand of all livestock products. Poultry is easier to raise, has a shorter life expectancy, and a shorter growth cycle than other animals, allowing vendors to trade a greater amount of poultry items. The poultry feed segment is driven by a large number of poultry farms and a large commercial poultry population.
Consciousness of Animal Health and Surging Demand from End Users
The world's rising demand for livestock products is driving the compound feed and additives industry. As livestock farmers around the world strive to meet the rising demand for livestock, the demand for high-quality feed that provides the required nutrients is increasing. The growing demand for high-quality meat products, as well as increasingly stringent government regulations governing livestock products, is driving the compound feed and additives industry. Animal farmers are now becoming more conscious of animal health threats and the importance of using high-quality compound feed and feed additives to protect their products. Consumers are now becoming more conscious of the importance of high-quality compound feeds and additives, as well as the advantages of eating livestock products that have been fed high-quality feed.
Increased Consumption and Animal Husbandry Practices
Factors such as an increase in the demand for and consumption of livestock-based products, advancements in feed production, increased awareness of feed quality, standardization of meat products due to disease outbreaks, and the application of advanced animal husbandry practices to improve meat quality are expected to boost compound feeds development. Furthermore, the shift toward natural growth promoters, as well as an increase in the demand for nutritional supplements for monogastric animals, is expected to expand the market for compound feeds and additives.
Antibiotic Restrictions in Various Countries and Volatile Raw Material Cost
However, antibiotic bans in various countries, volatile raw material costs for natural feed additives, and a tight regulatory framework are the factors most likely to stymie the compound feeds and additives market's growth in the coming years.
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Global Compound Feeds and Additives market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific,, and the Middle East,, and Africa. Global Compound Feeds and Additives in APAC held the largest market share in the year 2020. With the highest market share of all the other countries, the APAC region will be the fastest-growing region. China is the world's largest producer and user of compound feed, and other countries in the region, such as India, has mainly agrarian economies, resulting in the region's dominance. The region's compound feed and additives market is being driven by the implementation of new feed industry processes, feed machinery, feed science, and feed quality control. Europe is estimated to rise at a faster rate than the rest of the world, with a higher CAGR. Huge investments in the production of novel feed, coupled with strict feed regulations, are expected to boost the region's compound feed and additives market.
Global Compound Feeds and Additives Market is further segmented by region into:
Compound Feeds and Additives Market Segments:
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