InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Compound Feed Market- by Ingredients (Cereals, Cereal’s by-product, Oil, Oilseed meal, Supplements, Molasses, and Others), Nutrients (Antioxidants, Antibiotics, Feed Enzymes, Vitamins, Feed Acidifiers, Amino Acids, and Others), Animal Type (Swine, Poultry, Ruminants, and Others), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the global Compound Feed Market Size was valued at USD 540.0 Bn in 2023 and is predicted to reach USD 738.91 Bn by 2031 at a 4.14% CAGR during the forecast period for 2024-2031.
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Compound feed describes animal feed with a high concentration of compound components. Based on food supply and quality, compound feed helps preserve livestock and aquaculture output. In other words, compound feed gives domestic and livestock animals adequate nutrients. Animals are raised internationally for various products, including meat, milk, and eggs. Farm animals are given feed to supply them with vital nutrients. Feed is a mixture of products with plant or animal origins.
Global population development, an increase in the prevalence of animal diseases, and increased livestock numbers, particularly in developing nations, will be the main drivers of compound feed industry expansion. Other significant drivers of the compound feed market growth include the increasing demand for high-quality meat and dairy products around the world, the rate of industrialization, and the increased focus on improvements in production methods.
The Asia Pacific is anticipated to be the major contributor to the Compound Feed market over the forecast years because of improved research and development skills, increased awareness and preference among livestock owners, and increased consumer demand for meat, particularly pig, chicken, beef, and mutton. The top three feed users in the area are China, India, and Indonesia. The demand for meat, fish and dairy products is high due to the economy’s rapid growth, and this has caused these goods’ consumption to increase quickly.
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Major market players operating in the Compound Feed market include Nutreco N.V., Archer Daniels Midland Company, Cargill, Incorporated, Alltech, Kent Nutrition Group, Inc, DE HEUS, Charoen Pokphand Foods PCL., Ballance Agri-Nutrients Ltd., ForFarmers, Purina Mills, LLC, and List of Other Prominent Players.
Recent collaborations and agreements in the market:
- In July 2020, Famous Dutch feed business De Heus Animal Nutrition and Polish feed producer Golpasz agreed to buy each other’s production facilities in Poland.
- In December 2019, The establishment of a new animal feed manufacturing facility in Nakuru, Kenya, was announced by Bidco Land O’ Lakes, a joint venture between American cooperative Land O’ Lakes and the East African enterprise Bidco Africa.
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Market Segments
Global Compound Feed Market, by Ingredients, 2024-2031 (Value US$ Mn)
- Cereals
- Cereal’s by-product
- Oil
- Oilseed meal
- Supplements
- Molasses
- Others
Global Compound Feed Market, by Nutrients, 2024-2031 (Value US$ Mn)
- Antioxidants
- Antibiotics
- Feed Enzymes
- Vitamins
- Feed Acidifiers
- Amino Acids
- Others
Global Compound Feed Market, by Animal Type, 2024-2031 (Value US$ Mn)
- Swine
- Poultry
- Ruminants
- Others
Global Compound Feed Market, by Region, 2024-2031 (Value US$ Mn)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America Compound Feed Market, by Country, 2024-2031 (Value US$ Mn)
- S.
- Canada
Europe Compound Feed Market, by Country, 2024-2031 (Value US$ Mn)
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific Compound Feed Market, by Country, 2024-2031 (Value US$ Mn)
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America Compound Feed Market, by Country, 2024-2031 (Value US$ Mn)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa Compound Feed Market, by Country, 2024-2031 (Value US$ Mn)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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