PUBLISHER: The Business Research Company | PRODUCT CODE: 1435759
PUBLISHER: The Business Research Company | PRODUCT CODE: 1435759
Compound feed, a blend of feed components and additives, serves as oral animal nutrition, derived from plants, animals, organic/inorganic substances, or industrial processing, catering to livestock needs.
Compound feed primarily comprises cereals, cakes, meals, byproducts, and supplements. Cereal grains, known for their high starch content, serve as an energy source for animals within this feed. Available in solid and liquid forms, compound feed sources stem from both plant and animal origins. This feed is tailored for various animal types such as cattle, swine, poultry, aquaculture species, and other animals to meet their nutritional needs.
The compound feed market research report is one of a series of new reports from The Business Research Company that provides compound feed market statistics, including compound feed industry global market size, regional shares, competitors with a compound feed market share, detailed compound feed market segments, market trends and opportunities, and any further data you may need to thrive in the compound feed industry. This compound feed market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The compound feed market size has grown steadily in recent years. It will grow from $461.41 billion in 2023 to $479.84 billion in 2024 at a compound annual growth rate (CAGR) of 4.0%. The expansion observed in the historical period can be attributed to the growth of livestock production, the rise in meat consumption, expansion within the poultry industry, the development of aquaculture, improvements in feed conversion efficiency, and government support in the sector.
The compound feed market size is expected to see steady growth in the next few years. It will grow to $547.14 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. Anticipated growth in the upcoming period is expected due to population growth, urbanization trends, evolving consumer preferences, stricter environmental regulations, and increased emphasis on animal welfare standards. Key trends projected for this period encompass the adoption of precision feeding technologies, the development of customized feed solutions for livestock, the shift toward antibiotic-free and hormone-free feeds, the digitalization of supply chain management in the industry, and collaborative efforts focused on research and innovation.
The compound feed market is anticipated to experience substantial growth, primarily propelled by the increasing demand for meat and aquaculture products. Meat products, derived from animals such as cattle, buffalo, goats, sheep, pigs, and fowl, cater to human consumption, while aquaculture involves the controlled breeding and management of aquatic species, serving commercial, recreational, and scientific purposes. Compound feed, containing essential nutrients vital for the health of farmed fish, plays a pivotal role in driving the demand for meat and aquaculture products. As highlighted in a July 2021 report from OECD iLibrary, a statistics repository based in France, global animal protein consumption is forecasted to surge by 14% by 2030. This surge in demand for meat and aquaculture products serves as a driving force behind the growth observed in the compound feed market.
Anticipated growth in the compound feed market is closely linked to the rising livestock population. This term refers to the collective count of domesticated animals raised by humans for diverse purposes, including food, labor, fiber, and other products. Compound feed plays a crucial role in meeting the specific nutritional requirements of various livestock species throughout different life stages such as growth, reproduction, and lactation. For example, in 2021, as reported by Eurostat, the statistical office of the European Union based in Luxembourg, the livestock population in the European Union comprised approximately 142 million pigs, 76 million bovine animals, 60 million sheep, and 11 million goats. This surge in the livestock population serves as a primary driver behind the burgeoning growth observed in the compound feed market.
In the compound feed market, product innovation stands out as a prominent trend gaining significant traction. Key industry players are actively seeking novel products equipped with distinctive attributes to solidify their standing within this market. As an illustration, in October 2021, Cargill, a renowned US-based food corporation operating in the compound feed sector, introduced a poultry feed line that incorporates essential oils into its Nutrena brand, specifically the Naturewise range, aimed at ensuring robust flocks and optimized egg production. The inclusion of natural essential oils serves various purposes, including the promotion of egg size, weight, and overall production, as well as enhancing palatability and infusing a fresh aroma. This strategic innovation showcases a concerted effort by companies to offer enhanced and specialized products in the competitive landscape of compound feed.
Major players in the compound feed market are actively engaged in introducing advanced solutions such as Natupulse TS to fortify their market presence. Natupulse TS represents a category of multi-enzymes designed around non-starch polysaccharide composition, aimed at enhancing nutrient digestibility within animal feed. These enzymes find widespread application in poultry diets, effectively countering viscosity effects and elevating intestinal fermentation activities. For instance, in December 2021, BASF SE, a prominent Germany-based chemicals company, unveiled Natupulse TS. This product harnesses the power of non-starch polysaccharide (NSP) enzymes, specifically mannanase-an enzyme proficient in breaking down non-starch polysaccharides such as mannans, a type of simple sugar. Natupulse TS plays a pivotal role in ameliorating nutrient digestion, thereby contributing to a more sustainable production process for animal feed. Offered in both powder and liquid formulations, this innovation ensures commendable stability throughout storage, premixing, and even under demanding conditions during the pelleting process.
In March 2021, Royal De Heus BV, a Netherlands-based supplier specializing in nutritional solutions for compound feed, completed the acquisition of Golpasz, a Poland-based company renowned for its operations in animal feed. The acquisition, executed for an undisclosed sum, aligns with Royal De Heus BV's strategic objectives of fortifying its expertise in animal nutrition, product technology, and livestock farming. This move bolsters their position by integrating Golpasz's knowledge and capabilities into their portfolio.
Major companies operating in the compound feed market report are Cargill Inc., The Archer-Daniels-Midland Company, Tyson Foods, New Hope Liuhe Co. Ltd., Charoen Pokphand Food, CP Group, Land O'Lakes Inc., Smithfield Foods, Guangdong Haid Group Co Ltd., DuPont de Nemours Inc., Wen's Food Group, Nutreco N.V, Elanco Animal Health Incorporated, De Heus Vietnam LLC, Forfarmers NV, Alltech Inc., J. D. Heiskell & Company Inc., Hubbard Feeds, The Maschhoffs, Ballance Agri-Nutrients Ltd., DeKalb Feeds, Purina Animal Nutrition LLC., United Animal Health, Kent Nutrition Group, Prestage Farms, Hi-Pro Feeds, Heiskell & Co., Feed One Co. Ltd., Brookside Agra, Weston Milling Animal Nutrition, Provimi, Aller Aqua Group
Asia-Pacific was the largest region in the compound feed market in 2023. South America is expected to be the fastest-growing region in the forecast period. The regions covered in the compound feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the compound feed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The compound feed market consists of sales of grains, brans, protein meals and cakes, chunnies, agro-industrial by-products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Compound Feed Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on compound feed market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for compound feed ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The compound feed market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.