Compound Feed Market Overview
The compound feed can be classed as a fusion of additives, fodder, and other substances that can provide sustenance to the animal. It can be found in the form of pellets and crumbles that would be easier for animals to digest. The global Compound Feed Market has the chance to score 4.02% CAGR during the forecast period of 2018 and 2023. As per the recent report of Market Research Future (MRFR), this market for compound feed can achieve a valuation of USD 539.9 billion. It can gain from the growth of industries like precision nutrition, organized livestock farming, and surging demand for poultry, seafood, and meat. The global demand for animal feed can inspire the intake of the Compound Feed Market. High inclusion of stringent government regulations for a better quality of the animal feed can deter the market from having easy growth in the coming days. The market for compound feed can steer away from such a slumping effect as the demand for meat is growing quite rapidly.
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The global market for feed compounds can bank on the contributions made by several market players who are known for their tactical changes. These companies are a part of MRFR’s tracking. These companies are Charoen Pokphand Foods PCL (Thailand), Cargill Inc. (U.S.), Archer Daniels Midland (ADM) Company (U.S.), Land ‘O Lakes Inc. (U.S.), ForFarmers NV (The Netherlands), PT Japfa Comfeed Indonesia Tk (Indonesia), New Hope Group (China), COFCO (China), Nutreco NV (The Netherlands), Neovia Group (France), United Animal Health Inc. (U.S.), Weston Milling Animal Nutrition (Australia), and Feedone Co., Ltd. (Japan).
In October 2019, Nutreco announced that they have acquired Cargill’s compound feed business, a move that will give the former much market coverage.
The global market for compound feed can be studied on the basis of a segmentation that includes ingredients, supplements, and livestock. These segments can inspire better growth for the coming years with inputs and insights covering various segments.
By Ingredient, the market for compound feed can be segmented into oils, oilseed meals, supplements, molasses, cereal by-products, cereals, and others. The supplements can fetch the highest market revenue in the coming years.
By Supplement, the market report on the compound feed can be segmented into antibiotics, vitamins, amino acids, acidifiers, enzymes, and others. The amino acids had the largest market share in 2017 and it is going to promote the market in the coming days.
By Livestock, the market report on the compound feed includes swine, poultry, aquaculture, ruminants, and others. The Poultry segment had the highest market share in 2017 owing to the growing demand for eggs and meat from a vast section of the populace.
The global understanding of the market for feed compounds can be taken into consideration on a regional scale with segments dedicated to influential regions like North America and Europe, along with the fast-growing Asia Pacific. On the other hand, it also makes statements regarding South America and the Middle East & Africa. Both these segments can inspire growth but get restrained by the presence of several poor economies.
North America is known for its robust contribution to the Compound Feed Market as the regional demand for meat and milk is quite high. Major thrust comes from countries like Canada and the US where the consumption for meat products is quite substantial. The market is also branching out to the aquaculture segment where a lot of players are investing notably to increase their profit margin. In Mexico, the broiler industry is quite robust owing to which the growth can be substantial.
Europe has a major growth possibility with countries like Spain, Germany, Russia, and others making substantial contributions. These countries are also known for their extensive investment in research and development projects. This is influencing the betterment of the quality of the product and can assist in better permeation.
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The APAC market can score the fastest CAGR during the forecast period. Several countries like China, India, Japan, and others, with their massive population, can impress the growth of the Compound Feed Market. Better intake of the high-protein seeds to promote better output for the Compound Feed Market.
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