Compound Feed Market, By Ingredient (Cereals, Cakes and Meals, By-products, and Supplements), By Forms (Mash, Pellets, Crumbles, and Others), By Livestock (Ruminants, Swine, Poultry, Aquaculture, and Other), By Source (Plant-based and Animal-based), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Trends, Analysis and Forecast Till 2030

Compound feed market accounted for USD 458.1 billion in 2020 and is estimated to be USD 716.12 billion by 2030 and is anticipated to register a CAGR of 4.6%.

Compound feed is food given to domestic animals in the course of animal husbandry. Compound feed is fodder that is blended from various raw materials as well as additives. Premixes like vitamins, minerals, chemical preservatives, antibiotics, fermentation products, and other essential ingredients are added to it in order to increase its nutritional value. Compound feed plays a vital role in the productivity as well as health of the animals. It is mixture of different component feed ingredients in suitable proportion. Commonly used ingredients in feed include grains, brans, protein meals/cakes, chunnies, agro-industrial co products, minerals and vitamins. Feed additives are used to increase flavor of feed, to meet the need of certain nutrients or to increase the efficiency of animals. Feed additives are divided into four types such as Nutritional additive, Sensory additives, Antibiotics additives, and Zootechnical additives.

Rising awareness about animal health

Growing demand for meat and dairy products is a key factor driving growth of the compound feed market over the forecast period. In addition, innovations in animal husbandry practices, coupled with growing domestic and international fast food and restaurant chains across the globe are factors propelling growth of the target market in the near future. Increasing awareness among individuals regarding animal health is another factor propelling growth of the compound feed market. Moreover, growing research activities in biotechnology sector is creating demand for the compound feed is another factor fueling growth of the compound feed market.

However, lack of awareness and using traditional of feeding cattle are expected to hamper the growth of the market.

The compound feed market is segmented based on ingredient, forms, livestock, source, and region.

On the basis of ingredient, the target market has been segmented into cereals, cakes and meals, by-products, and supplements. On the basis of forms, the global market has been segmented into mash, pellets, crumbles, and others. On the basis of livestock, the target market has been segmented into ruminants, swine, poultry, aquaculture, and other. On the basis of source, the compound feed market has been segmented into plant-based and animal-based.

Regional Insights:

On region the compound feed market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe is expected to account for major revenue share as compared to that of other regions.  Emerging economies including Asia Pacific and Latin America are expected to register significant growth in the target market over the forecast period owing to rise in meat and dairy product consumption in the countries of these regions.

Compound Feed Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the compound feed market report based on ingredient, forms, livestock, source, and region.

Compound Feed Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in the compound feed market includes Nutreco N.V, Cargill Incorporated, Smithfield Foods, Inc., BIOMIN Holding GmbH, Novus International Inc., Addcon Group GmbH, Adisseo France S.A.S, Tyson Foods, Inc., Kemin Industries Inc., BASF SE, DSM and Elanco Animal Health Inc.

Cargill Inc.:

They have designed additives according to the species. For instance, Cinergy FIT 3S consistent and easy to use essential oil compound solution for growth and feed intake enhancement.

• Nutreco N.V
• Cargill Incorporated
• Smithfield Foods, Inc.
• BIOMIN Holding GmbH
• Novus International Inc.
• Addcon Group GmbH
•  Adisseo France S.A.S
• Tyson Foods, Inc.
• Kemin Industries Inc.
• BASF SE
•  DSM
• Elanco Animal Health Inc.