Compound Feed Market by Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022-2028
The Global Compound Feed Market was valued at USD 464.94 Billion in 2021, and it is projected to reach USD 620.11 Billion by 2028, registering an estimated CAGR of 4.2% during 2021- 2028.
Compound Feed is the feed that is produced on the basis of animals’ various growth stages, physiological requirements and different production uses which helps in improving the nutritional value of animal feed. Compound feed is rich in compound ingredients and is formulated as per the requirement for the target animal, which involves vitamins, minerals, protein cakes/meals, chunnies, agro- industrial by- products, grains and brans. Such type of feeds is manufactured in types of pellets, meal type, cubes or crumbles. Compound feed is delectable and is highly beneficial for pregnant women and milk-producing animals, which drives the growth of compound feed market. Furthermore, increasing livestock population worldwide, rising widespread of animal diseases, and increased population especially in the developing countries are estimated to foster the growth of the compound feed market. In addition to this, increasing demand for good quality dairy and meat products, rapid increase in industrialization and focus of the advancements are other important factors that are anticipated to boost the compound feed market growth. Rapid rise in meat consumption and sudden outbreak of numerous livestock diseases worldwide is forecasted to witness a huge demand and growth in compound feed market over the projected period.
Compound feed plays a significant role in the raw feed chain. It helps to protect the food supply and the quality of all aquaculture and livestock productions and the supply chain. This food is produced to provide adequate nutrients to domestic livestock and animals, and to improve their health. There are several advantages in relation to the use of compound foods, which include increased cost-effective nutrition, nutritious quality of foods and highquality meat products. In addition, it improves the quality of the food, which brings several benefits to the animal health.
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Key Industry Players in the Compound Feed Market:
• Alltech(USA)
• Archer Daniels Midland Company (Chicago)
• Cargill, Inc. (US)
• Charoen Pokphand Foods Public Company Limited (Thailand)
• Feed One Co., Ltd. (Japan)
• ForFarmers N.V. (Netherlands)
• Guangdong Haid Group Co. Ltd. (China)
• J.D. Heiskell & Co. (California)
• Kent Nutrition Group, Inc. (US)
• Land O'Lakes, Inc. (US)
• New Hope Group SA (Australia)
• Nutreco NV (Netherlands), and other major players.
The compound feed market is classified as compound feed products, which include domestic animals, livestock, pigs, poultry and water. Among these, pig’s food has the largest market share due to the increase in pork production during the forecast. The main types of additives include dyes and yeasts, amino acids, antioxidant minerals, feed acidifiers, enzymes and vitamins. In the recent past, amino acids have represented the largest market share in the feed additives sector. After the kinds of amino acids, vitamins had the second largest market share.
Segmentation Analysis Includes,
By Ingredient:
• Feed Cereals • Cakes and Meals • Animal By- Products
By Form: • Solid • Liquid
By Animal Type: • Cattle • Swine • Poultry • Aquaculture
By Region:
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Questions Answered in the Compound Feed Market Research Report:
• What is the current size of compound feed market?
• What will be the CAGR of global compound feed market?
• Who are the prominent players operating in the compound feed market?
• Which are the driving factors of the compound feed market?
• Which region will lead the global compound feed market?
The global compound feed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to compound feed market.
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The study includes an extensive analysis of the workings of this business industry at regional and country levels in order to assess the industry size at a global level. Further, the study literature examines the dominating actors and assesses the techniques they use to maintain their position in the competitive arena. The present and predicted impact of the Covid-19 epidemic has also been considered, with a particular focus on income-generating opportunities and techniques to deal with the shifting situation.
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