Global Compound Feed Market Report and Forecast 2024-2032

Global Compound Feed Market Outlook

The global market for compound feed reached a value of about USD 557.45 billion in 2023. The market is expected to grow at a CAGR of about 4.6% in the forecast period of 2024-2032 to reach a value of around USD 835.59 billion by 2032, owing to the growing global livestock population.

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Asia Pacific to be Among the Significant Regional Markets for Compound Feed

Due to increased research and development activities, high awareness and preference among livestock owners, and an increase in demand for meat, including pig, chicken, beef, and mutton, Asia Pacific is expected to be a significant region in the global market. Growth in pork and poultry meat consumption is one of the major factors driving the growth of compound feed in the region. Also, increased demand for meat, safety issues, and prevention of disease outbreaks in livestock, among others, are some of the reasons estimated to drive the compound feed market in the Asia Pacific. The significant presence of animal feed manufacturers, along with the expansion in the agriculture sector in Southeast Asia, is anticipated to increase the consumption of compound feed ingredients in the Asia Pacific region.

Additionally, with the rapid economic development, demand for meat protein is increasing in the Asia Pacific, particularly in China, India, Malaysia, and Thailand. This increased demand for meat protein has stimulated meat production in the region, where compound feed consumption has increased and is predicted to continue at a healthy rate. The Asia Pacific is also the major global milk and milk products producing region. Countries like India contribute the majority of the share in the dairy industry of Asia Pacific, aiding the market growth further.

Market Segmentations

Compound feed is a feed that contains a high concentration of compound components, which serves to improve the nutritional value of animal feed. Compound feed effectively ensures the quality and food supply of livestock and aquaculture operations. In other words, complex feed gives adequate nutrition to cattle and domestic animals.

Based on animal type, the market is divided into:

• Poultry
• Ruminants
• Aquaculture
• Swine
• Others

The various ingredients in the compound feed market are:

• Cakes and Meals
• Cereals
• Supplements
  • Vitamins
  • Amino Acid
  • Enzymes
  • Prebiotics and Probiotics
  • Acidifiers

The regional markets for compound feed can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

Increase in the Demand for Meat and Dairy Products Propelling the Market Growth

The significant increase in the demand for meat and dairy products has given rise to livestock rearing and animal husbandry. The need for appropriate nutrition for animal development is also increasing, fuelling the demand for compound feed for different livestock. The growth of domestic and international food and restaurant chains, the growth of the organised livestock sector in developing countries, and the increasing awareness of precision nutrition techniques have led to the increased consumption of compound feed. Also, the growing livestock population, rising prevalence of animal diseases, and increased population, particularly in developing nations, will be important factors stimulating the global compound feed market. However, the fluctuating raw materials prices across the globe and stringent regulations in developed countries may restrict the market growth. The growing rate of industrialisation and rising focus on the advancements and enhancements in the production techniques are other important factors fostering market growth.

In addition, growing support by the government to strengthen the agricultural sector and increasing focus on adopting high-quality animal feed will further create lucrative and remunerative growth opportunities for the market.

Key Players in the Global Market for Compound Feed

The report gives a detailed analysis of the following key players in the global compound feed market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• ForFarmers N.V.
• Roquette Frères.
• Darling Ingredients Inc.
• De Heus Voeders B.V.
• Nutreco N.V
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report