Market Research Report
Compound Feed Market by Ingredient (Cereals, Cakes & Meals, By-products, and Supplements), Form (Mash, Pellets, and Crumbles), Livestock (Ruminants, Swine, Poultry, and Aquaculture), Source, and Region - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||587024|
|Published||Content info||202 Pages
|Compound Feed Market by Ingredient (Cereals, Cakes & Meals, By-products, and Supplements), Form (Mash, Pellets, and Crumbles), Livestock (Ruminants, Swine, Poultry, and Aquaculture), Source, and Region - Global Forecast to 2022|
|Published: November 29, 2017||Content info: 202 Pages||
The compound feed market is estimated at USD 428.09 billion in 2017 and is projected to reach USD 530.92 billion by 2022, at a CAGR of 4.4% from 2017, in terms of value. The market is driven by growth in the consumption of animal-based products and growth of the organized livestock sector in developing countries. Impediments to product penetration in developing countries are one of the significant restraining factors for the compound feed market.
In 2016, the cereals segment accounted for the largest share of the compound feed market, in terms of value. Cereals are the major source of energy and are used in a higher quantity to fulfill the energy requirements of the livestock. High energy diets majorly consist of cereals. The increasing demand for high-energy diets to increase the performance of the livestock has resulted in an increase in the demand for this segment.
Amino acids are considered as ideal chelators due to their ability to get easily absorbed in the body. The easy availability of plant-based ingredients is the driving factor for this segment. Also, the low cost and high awareness are the driving factors for this segment. Most players in the market provide plant-based products considering the demand from the end users.
Europe accounted for the second-largest share in 2016, in terms of value. The demand for compound feed is expected to increase in the future with the increased feed production. Increased focus on quality and safe products has driven the use of compound feed in this region.
Meat and dairy products are important constituents of the food culture in the European region. Pork and poultry are widely reared and consumed in this region. Along with the increasing demand for animal products, some of the driving factors of the compound feed market in Europe include growth in the regional population, easy availability of the raw material, presence of major feed producers, and stringent regulations for high-quality products.
RoW** - 33%.
Others include sales managers, marketing managers, and product managers.
*RoW includes the Middle East and Africa.
The leading players in the compound feed market are Cargill (US), ADM (US), New Hope Group (China), Charoen Pokphand Food (Thailand), Land O'Lakes (US), Nutreco (Netherlands), Guangdong Haid Group (China), ForFarmers (Netherlands), Alltech (US), Feed One Co. (Japan), J.D. Heiskell & Co. (US), and Kent Nutrition Group (US).
The compound feed market is segmented on the basis of ingredient, livestock, source, form, and key region. The ingredient sector is segmented into cereals, cakes & meals, by-products, and supplements. The livestock segment is divided into ruminants, swine, poultry, aquaculture, and others (equine and pets). On the basis of form, the market is segmented into mash, pellets, crumbles, and others (cakes and cubes). The source segment is divided into plant-based and animal-based. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America, and the Rest of the World (RoW). The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, competitive leadership mapping, recent developments, and key market strategies.
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