What Has Been the Growth Trajectory of the Compound Feed Market?
The compound feed market has seen considerable growth due to a variety of factors.
• In the past few years, there has been a stable increase in the compound feed market size. It's expected to rise from $479.84 billion in 2024 to $499 billion in 2025, with a compound annual growth rate (CAGR) of 4.0%.
This elevation during the historic period can be accredited to factors such as the growth of livestock production, a surge in meat consumption, expansion of the poultry industry, development of aquaculture, improvement in feed conversion efficiency, and support from the government.
What Is The Projected Growth Of The Compound Feed Market?
The compound feed market is expected to maintain its strong growth trajectory in upcoming years.
• Predictions indicate a stable expansion for the compound feed market in the upcoming years, with it expected to reach $561.83 billion in 2029, growing at a compound annual growth rate (CAGR) of 3.0%.
This projected growth in the upcoming period can be credited to factors such as population increase, urbanization, changes in consumer preferences, environmental regulations, and animal welfare standards. Key trends during the forecast period are anticipated to encompass precision feeding technologies, tailored feed solutions for livestock, feed devoid of antibiotics and hormones, digitization of supply chain management, and partnerships for research and innovation.
What Factors Are Driving Growth In The Compound Feed Market?
The compound feed market's expansion is projected to be fueled by a growing demand for meat and aquaculture products. Meat products, intended for human consumption, consist of animal flesh from species like cattle, buffalo, goats, sheep, pigs, and birds, while aquaculture pertains to the commercial, recreational, and scientific breeding and management of aquatic species, plants, and other types of organisms. Compound feed, enriched with all necessary nutrients, helps in maintaining the health of farmed fish and, in turn, stimulates the demand for meat and aquaculture products. For example, Carlisle Technology, a Canada-based hardware and software solutions provider for the meat industry, reported in July 2024 that the per capita chicken consumption in the U.S. was 98.90 pounds in 2022 and is predicted to increase to 107.50 pounds by 2033. Additionally, the Food and Agriculture Organization, an United Nations agency based in Italy, stated in a March 2022 report that the aquaculture sector is expected to lead the growth in global fisheries and aquaculture production, exceeding 100 million metric tons for the first time in 2027 and totaling 106 million metric tons by 2030. In conclusion, the rising demand for meat and aquaculture products is the key factor driving the growth of the compound feed market.
What Are The Principal Market Segments In The Global Compound Feed Healthcare Industry?
The compound feed market covered in this report is segmented –
1) By Ingredient: Cereals, Cakes and Meals, Byproducts, Supplements
2) By Form: Solid, Liquid
3) By Source: Plant Based, Animal Based
4) By Animal Type: Cattle, Swine, Poultry, Aquaculture, Other Animals
Subsegments:
1) By Cereals: Corn, Wheat, Barley, Sorghum
2) By Cakes And Meals: Soybean Meal, Canola Meal, Sunflower Cake, Peanut Cake
3) By Byproducts: Distillers Grains, Brewer's Grains, Rice Bran, Molasses
4) By Supplements: Vitamins, Minerals, Amino Acids, Probiotics And Prebiotics
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Which Emerging Market Trends Are Altering The Compound Feed Market?
There is an increasing trend towards product innovation within the compound feed market. To consolidate their market position, major players are focusing on the development of unique new products. For example, in May 2022, Anitox Corporation, a chemical company based in the US, introduced a new feed additive called "Fortrol." This product aims to control Salmonella in feed ingredients and completed feeds. Besides, it can be utilized as a flush treatment to reduce pathogen colonization in feed ingredient processing facilities and feed mills. Depending on the risk, the effective inclusion rates range from 2 to 8 kg/MT.
Who Are the Key Players in the Compound Feed Market?
Major companies operating in the compound feed market include:
• 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
What are the Regional Insights into the Compound Feed Market?
Asia-Pacific was the largest region in the compound feed market in 2024. 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.
