Categories: Market Research

Compound Feed Market Size and Forecast 2024-2033|Cargill Inc., The Archer-Daniels-Midland Company, Tyson Foods, New Hope Liuhe Co. Ltd., Charoen Pokphand Food

The Compound Feed Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033)

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According to The Business Research Company’s Compound Feed Global Market Report 2024, 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 growth in the historic period can be attributed to livestock production growth, increased meat consumption, poultry industry expansion, aquaculture development, efficiency in feed conversion, government support.

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%. The growth in the forecast period can be attributed to population growth, urbanization, consumer preferences, environmental regulations, animal welfare standards. Major trends in the forecast period include precision feeding technologies, customized feed solutions for livestock, antibiotic-free and hormone-free feeds, digitalization of supply chain management, collaboration for research and innovation.

An increase in the demand for meat and aquaculture products is expected to propel the growth of the compound feed market going forward. A meat product is designed for human consumption and contains flesh from animals such as cattle, buffalo, goats, sheep, pigs, and fowl; whereas aquaculture is the commercial, recreational, and scientific multiplication and management of aquatic plants, animals, and other species. The compound feed contains all the essential nutrients to keep farmed fish healthy and thereby increases the demand for meat and aquaculture products. For instance, in July 2021, according to a report released by OECD iLibrary, a France-based online library of statistics, worldwide animal protein consumption is expected to rise by 14% by 2030. Therefore, an increase in the demand for meat and aquaculture products is driving the compound feed market growth.

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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

Major companies operating in the compound feed market are focused on introducing advanced solution, such as the Natupulse TS, to sustain their position in the market. are a type of multi-enzyme based on the non-starch polysaccharide composition used to improve the digestibility of nutrients in animal feed and are commonly applied to poultry diets to eliminate viscosity effects and enhance intestinal fermentation activities. For instance, in December 2021, BASF SE, a Germany-based chemicals company, launched Natupulse TS. Natupulse TS is a non-starch polysaccharide (NSP) enzyme that contains mannanase, an enzyme that degrades non-starch polysaccharides (NSP) such as mannans, a simple sugar. Natupulse TS improves nutrient digestion and ensures a more sustainable production of animal feed. Natupulse TS is available in powder and liquid form, and both formulations deliver very good overall stability during storage, in premix, and under challenging conditions in the pelleting process.

The compound feed market report table of contents includes:

1. Executive Summary

2. Compound Feed Market Characteristics

3. Compound Feed Market Trends And Strategies

4. Compound Feed Market – Macro Economic Scenario

5. Global Compound Feed Market Size and Growth

26. South America Compound Feed Market

27. Brazil Compound Feed Market

28. Middle East Compound Feed Market

29. Africa Compound Feed Market

30. Compound Feed Market Competitive Landscape And Company Profiles

Top Major Players: