Compound Feed Market by Ingredient, Form, Livestock, Source and Region - Global Forecast to 2027 Bharat Book Bureau Provides the Trending Market Research Report on “Compound Feed Market by Ingredient, Form, Livestock, Source (Plant-based & Animal-based) & Region Global Forecast to 2027”under Food & Beverage Market Research Report. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports. Executive Summary The Global Compound Feed Market is estimated to be valued at USD 521.3 billion in 2022. It is projected to reach USD 641.2 billion by 2027, with a CAGR of 4.2%, in terms of value between 2022 and 2027. The market is gaining momentum with increasing demand for providing more nutritious food to livestock to optimize livestock productivity.
Additionally, the need for high-quality meat & dairy results in the need for compound feed. Key players have been investing significantly in R&D to cater to changing consumer preferences and reduce production costs. “By ingredients, the cereal segment occupies the highest market share during the forecast period.” Based on ingredients, the cereal segment is estimated to occupy the highest market share during the forecast period. Cereals are whole grains used as a compound feed for different livestock. Among different types of cereals, maize is the commonly used ingredient as 70% of its production is used in making animal feed. The type of feed to be included in compound feed depends on the type of livestock feed manufactured and the cost of raw materials. “By source, the plant-based segment is forecasted to account for the largest market share.”