The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

 

 

The global compound feed market has experienced sustained growth, expanding from $444.2 billion in 2022 to $468.9 billion in 2023, showcasing a commendable compound annual growth rate (CAGR) of 5.6%. The market is poised for continued advancement, with projections indicating a growth to $573.93 billion in 2027, driven by a CAGR of 5.2%.

• Consistent Growth
  • From $444.2 billion in 2022 to $468.9 billion in 2023.
  • Anticipated growth to $573.93 billion in 2027 at a CAGR of 5.2%.

 

 

Meat and Aquaculture Demand Driving Force

The surge in demand for meat and aquaculture products emerges as a pivotal factor propelling the growth of the compound feed market. With meat consumption designed for human consumption, including flesh from animals like cattle, buffalo, goats, sheep, pigs, and fowl, and aquaculture focusing on aquatic species, the compound feed plays a crucial role by providing essential nutrients for farmed fish. The rising global demand for meat and aquatic products contributes significantly to market growth.

• Essential Nutrients in Compound Feed
  • Designed to keep farmed fish healthy.
  • Drives demand for meat and aquaculture products.
• Global Animal Protein Consumption Rise
  • According to OECD iLibrary, worldwide animal protein consumption is expected to rise by 14% by 2030 compared to 2018-2020.
  • A clear indicator of the increasing demand for meat and aquaculture products driving the compound feed market.

 

 

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Industry Leaders Shaping the Market

Major players in the compound feed market play a critical role in shaping its dynamics. Companies such as Cargill Inc., The Archer-Daniels-Midland Company, and New Hope Group are among the key contributors to the market’s growth.

• Prominent Market Players
  • Cargill Inc.
  • The Archer-Daniels-Midland Company
  • New Hope Group
  • Charoen Pokphand Food
  • Land O’Lakes Inc.
• Diverse Industry Presence
  • The market boasts a diverse range of players contributing to innovation and market competitiveness.

 

 

Product Innovation: A Key Market Trend

Product innovation stands out as a key trend gaining popularity in the compound feed market. Major companies are actively seeking to introduce new products with unique features to strengthen their positions in the market. A notable example is Cargill, a US-based food corporation, which, in October 2021, launched a poultry feed with added essential oils under its Nutrena brand. The inclusion of natural essential oils contributes to enhanced egg size, weight, and production, improved palatability, and a fresh aroma.

• Cargill’s Poultry Feed Innovation
  • Essential oils added to Nutrena’sNaturewise for healthy flocks.
  • Contributes to enhanced egg production and fresh aroma.
  • Illustrates the industry’s commitment to technological innovation.

 

 

Market Segmentation for Targeted Solutions

Understanding diverse consumer needs is crucial for market success. The compound feed market is segmented based on ingredients, form, source, and animal type.

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

 

 

Regional Dynamics: Asia-Pacific Leads, South America Surges

Understanding regional dynamics provides insights into the global footprint of the compound feed market.

• Asia-Pacific’s Dominance
  • Asia-Pacific held the largest share in the compound feed market in 2022.
  • Significantly driven by the region’s growing demand for meat and aquaculture products.
• South America’s Growth Potential
  • South America is expected to be the fastest-growing region in the forecast period.
  • A region with immense potential for market expansion and development.

 

 

 

Read The Full Compound Feed Market Report Here:
https://www.thebusinessresearchcompany.com/report/compound-feed-global-market-report

 

 

 

The Compound Feed Global Market Report 2023 provides an overviewof the compound feed market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The compound feed market forecast analyzescompound feedmarket size, compound feed market share,leading competitor and their market positions.

 

 

 

The Table Of Content For The Compound Feed Market Include:
1. Compound Feed Market Executive Summary
2. Compound Feed Market Segments
3. Compound Feed Market Size AndCompound Feed Market Growth Rate
4. Key Compound Feed Market Trends
5. Major Compound Feed Market Drivers
……
25. Key Mergers And Acquisitions In The Compound Feed Market
26. Top Compound Feed Companies
27. Compound Feed Market Opportunities And Strategies
28. Compound Feed Market, Conclusions And Recommendations
29. Appendix

 

 

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