Global Compound Feed Market is valued approximately USD 469.29 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.4 % over the forecast period 2020-2027. Compound Feed is to the livestock, it is a mixture of raw materials and supplements sourced from either plant, animal, organic or inorganic substances, or industrial processing, with or without containing additives. The raw materials that are used in manufacturing process are soybean, corn, barley, wheat, and sorghum, etc., vitamins, minerals, and amino acids are the most common additives blended to form compound feed. There is significant rise in demand for meat and aquaculture products along with the increasing awareness regarding quality meat and milk products. For instance: according to the Food & Agriculture Organization, the global meat exports increased to 36 Mt in 2019, that is up 4% from 2018. China’s overall meat imports have increased by 62% in 2019. Further, the increasing investments in research & development related to livestock, increasing applications of dairy products, growing inclination toward animal-based food has led the adoption of Compound Feed across the forecast period. Compound feed maintains the health of animals and, thus, improves the quality of end products. For instance: according to the Brazilian Beef Exporters Association (ABIEC), the country’s beef exports had spiked by 26% in 2018 due to the usage of compound feed. However, lack of infrastructure facilities in less developed countries, rising infectious diseases from animals, awareness trend of vegan diets and strict regulations related with medicate feed additives impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing awareness related to animal health and rising prevalence of medical conditions of animals in various kinds, the adoption & demand for Compound Feed is likely to increase.
The regional analysis of global Compound Feed market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the demand for meat protein along with the rising nutritional value in meat due to compound meet. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as higher adoption of animals, rising awareness among the manufacturers to use compound feed and favorable government initiatives would create lucrative growth prospects for the Compound Feed market across Asia-Pacific region.
Major market player included in this report are:
New Hope Group
Guangdong Haid Group
Feed One Co.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Mode of Livestock :
Cakes & Meals
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Compound Feed Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers