The global compound feed market size is poised to exhibit monumental growth from 2023 to 2033. According to the research report published by FMI, the global market is projected to cross a valuation of US$ 418 billion in 2023. It is predicted to surpass a valuation of US$ 674.42 billion by 2033. The market is anticipated to showcase a modest CAGR of 4.9% from 2023 to 2033. A lot of livestock farmers are using industrial production techniques nowadays. Industrial livestock production requires huge quantities of compound feed. The increasing industrialization in livestock production is likely to be a key growth driver for the market.
The global population is rapidly expanding, thereby increasing the number of people to feed. The ever-increasing population has boosted the demand for poultry, dairy, and meat products, which has led to an increased demand for compound feed. The rising meat consumption is closely linked to increasing income levels. This is particularly true in developing economies where the expanding middle population and their increasing purchasing power are driving meat consumption. Meat consumption requires more compound feed, which is driving the global compound market expansion.
Compound feed is more efficient than traditional feed. It is a cost-effective way of providing animals with the nutrition they need to grow and be healthy. It is easy to store and transport than traditional feed. It can also be formulated to meet the specific nutritional requirements of different animals and their growth stages. These factors are predicted to boost the adoption of compound feed over traditional feed, thereby augmenting market development.
Compound feed ingredients are widely available and can be sourced from a variety of suppliers. This ensures a reliable and consistent feed supply which is essential for large-scale livestock production. The expansion of supply chain networks and the enlargement of production capacities are likely to create lucrative growth opportunities for the market players.
However, the market may experience growth restraints due to fluctuating raw material costs. The price fluctuations of millet, soybean, maize, and wheat may restrain the market’s growth prospects. Compound feed manufacturing is immensely dependent on the production and pricing of these products. Irregular climatic conditions due to global warming may lead to an increase in the costs of these materials, thereby increasing the end product’s overall costs. This fluctuation in prices may hinder market’s development during the forecast period.
Attributes | Details |
---|---|
Compound Feed Market Share (2022) | US$ 400 billion |
Compound Feed Market Share (2023) | US$ 418 billion |
Compound Feed Market Share (2033) | US$ 674.42 billion |
Compound Feed Market Share (2023 to 2033) | 4.9% |
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According to the research report published on the compound feed market, the demand for compound feed is increasing every year. In 2018, the global market size stood at nearly US$ 335.42 billion. In the following years from 2018 to 2022, the market witnessed considerable growth, accounting for a worth of US$ 400 billion.
In recent years, industrialization and urbanization have picked up the pace. The increasing adoption of intensive livestock farming practices is escalating the demand for compound feed that is fed to livestock. In such practices, livestock is generally raised in confined spaces and compound feed ensures their growth and health. The increasing urbanization and industrialization are likely to spike the demand for food products, such as eggs, milk, and meat.
The aquaculture industry is expected to witness significant growth in the coming years. The growth is likely to be driven by the increasing demand for seafood and declining wild fish reserves. This is likely to boost the demand for aquafeed, which is a type of compound feed specially formulated for aquatic animals. Additionally, the compound feed industry is witnessing an increase in the adoption of sustainable practices. The increasing emphasis on reducing greenhouse gas emissions, minimizing waste generation, and using alternative protein sources is expected to create growth avenues for the market players.
Mash Feed’s Well-proportioned Nutritional Blend to Increase their Popularity
According to the segmentation based on form, the market is segmented into crumbled, mash, and pellets. Among these, the mash segment is projected to clock a modest CAGR of 4.6% from 2023 to 2033. Mash feeds have the capacity to promote consistent growth and lower mortality rates. They are relatively inexpensive, which is likely to boost its adoption. Additionally, they can be easily digested by farm animals, which further promotes their adoption.
The pellet segment is anticipated to witness considerable growth in demand. They propose high benefits and are easy for feed intake. They cause less wastage and are easily to store and transport.
According to the segmentation based on ingredient, the cereal segment is anticipated to witness increased demand in coming years. The segment is likely to account for a revenue of nearly US$ 283 billion by 2033. Cereals offer numerous advantages. They are rich in dietary fibers, vitamins, carbohydrates, and iron, which boosts their adoption in manufacturing compound feeds for various livestock species. They serve as an ultimate energy source due to their high starch contents. The rising concerns for upholding healthy livestock are anticipated to boost adoption of cereals.
The swine segment is anticipated to generate a remarkable revenue in the global market. The increasing demand for swine meat across the United States, China, Mexico, and other South East Asia countries is projected to fuel the segment’s expansion.
The poultry segment is poised to garner high CAGR during the forecast period. The increasing demand for poultry animals such as turkey and chicken are expected to boost the segment’s expansion. Additionally, the snowballing demand for eggs and white are expected to help the segment generate high revenues.
Asia Pacific is anticipated to generate high revenues during the forecast period. The region is estimated to account for approximately US$ 280 billion by 2033. The increasing population across the region, combined with improving income levels are boosting meat consumption. A massive increase in demand is expected from India and China. The increasing livestock farming practices across India, Japan, China, and other South East Asian countries are estimated to boost the demand for compound feed. Additionally, the increasing concerns for raising healthy livestock are expected to boost market growth in Asia Pacific.
North America is expected to witness substantial growth in coming years. The United States hosts the region’s enormous feed market and experiences a high demand from cattle and poultry businesses. The high demand and production of meat, combined with increasing industrial livestock production are expected to flourish growth in North America’s market.
Europe is predicted to gain significant growth due to the increasing demand for plant-based feed. A huge proportion of the region’s crop production is utilized in manufacturing compound feed. The increasing consumption and demand for meat are expected to augment the region’s market development.
The key players operating in the global compound feed are investing more money in marketing and research & development operations to take advantage of new market trends. They are spending more on research and development initiatives in order to capitalize on increasing trends in the food and beverage sector. Additionally, they are emphasizing acquisitions and mergers to increase their positions in the market.
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North America is estimated to witness lucrative growth opportunities through 2033.
The market is valued at US$ 418 billion in 2023.
Forfarmers, Alltech, and Feedone Inc. are the key market players.
Cereal is likely to remain preferred through 2033.
Players opt for mergers, collaborations, and acquisitions.
1. Executive Summary | Compound Feed Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Ingredients
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Ingredients, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Ingredients, 2023 to 2033
5.3.1. Cereals
5.3.2. Cakes & Meal
5.3.3. Supplements
5.3.4. By-products
5.4. Y-o-Y Growth Trend Analysis By Ingredients, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Ingredients, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2023 to 2033
6.3.1. Pellets
6.3.2. Mash
6.3.3. Crumbled
6.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Livestock
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Livestock, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Livestock, 2023 to 2033
7.3.1. Poultry
7.3.2. Ruminants
7.3.3. Swine
7.3.4. Aquaculture
7.4. Y-o-Y Growth Trend Analysis By Livestock, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Livestock, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Source, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Source, 2023 to 2033
8.3.1. Plant-based
8.3.2. Animal-based
8.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022
9.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. Asia Pacific
9.3.5. MEA
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. USA
10.2.1.2. Canada
10.2.2. By Ingredients
10.2.3. By Form
10.2.4. By Livestock
10.2.5. By Source
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Ingredients
10.3.3. By Form
10.3.4. By Livestock
10.3.5. By Source
10.4. Key Takeaways
11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Ingredients
11.2.3. By Form
11.2.4. By Livestock
11.2.5. By Source
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Ingredients
11.3.3. By Form
11.3.4. By Livestock
11.3.5. By Source
11.4. Key Takeaways
12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. UNITED KINGDOM
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Europe
12.2.2. By Ingredients
12.2.3. By Form
12.2.4. By Livestock
12.2.5. By Source
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Ingredients
12.3.3. By Form
12.3.4. By Livestock
12.3.5. By Source
12.4. Key Takeaways
13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.1.4. Singapore
13.2.1.5. Thailand
13.2.1.6. Indonesia
13.2.1.7. Australia
13.2.1.8. New Zealand
13.2.1.9. Rest of Asia Pacific
13.2.2. By Ingredients
13.2.3. By Form
13.2.4. By Livestock
13.2.5. By Source
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Ingredients
13.3.3. By Form
13.3.4. By Livestock
13.3.5. By Source
13.4. Key Takeaways
14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Ingredients
14.2.3. By Form
14.2.4. By Livestock
14.2.5. By Source
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Ingredients
14.3.3. By Form
14.3.4. By Livestock
14.3.5. By Source
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Ingredients
15.1.2.2. By Form
15.1.2.3. By Livestock
15.1.2.4. By Source
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Ingredients
15.2.2.2. By Form
15.2.2.3. By Livestock
15.2.2.4. By Source
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Ingredients
15.3.2.2. By Form
15.3.2.3. By Livestock
15.3.2.4. By Source
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Ingredients
15.4.2.2. By Form
15.4.2.3. By Livestock
15.4.2.4. By Source
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Ingredients
15.5.2.2. By Form
15.5.2.3. By Livestock
15.5.2.4. By Source
15.6. UNITED KINGDOM
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Ingredients
15.6.2.2. By Form
15.6.2.3. By Livestock
15.6.2.4. By Source
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Ingredients
15.7.2.2. By Form
15.7.2.3. By Livestock
15.7.2.4. By Source
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Ingredients
15.8.2.2. By Form
15.8.2.3. By Livestock
15.8.2.4. By Source
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Ingredients
15.9.2.2. By Form
15.9.2.3. By Livestock
15.9.2.4. By Source
15.10. China
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Ingredients
15.10.2.2. By Form
15.10.2.3. By Livestock
15.10.2.4. By Source
15.11. Japan
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Ingredients
15.11.2.2. By Form
15.11.2.3. By Livestock
15.11.2.4. By Source
15.12. South Korea
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Ingredients
15.12.2.2. By Form
15.12.2.3. By Livestock
15.12.2.4. By Source
15.13. Singapore
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Ingredients
15.13.2.2. By Form
15.13.2.3. By Livestock
15.13.2.4. By Source
15.14. Thailand
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Ingredients
15.14.2.2. By Form
15.14.2.3. By Livestock
15.14.2.4. By Source
15.15. Indonesia
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Ingredients
15.15.2.2. By Form
15.15.2.3. By Livestock
15.15.2.4. By Source
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Ingredients
15.16.2.2. By Form
15.16.2.3. By Livestock
15.16.2.4. By Source
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Ingredients
15.17.2.2. By Form
15.17.2.3. By Livestock
15.17.2.4. By Source
15.18. GCC Countries
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Ingredients
15.18.2.2. By Form
15.18.2.3. By Livestock
15.18.2.4. By Source
15.19. South Africa
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Ingredients
15.19.2.2. By Form
15.19.2.3. By Livestock
15.19.2.4. By Source
15.20. Israel
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Ingredients
15.20.2.2. By Form
15.20.2.3. By Livestock
15.20.2.4. By Source
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Ingredients
16.3.3. By Form
16.3.4. By Livestock
16.3.5. By Source
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Archer Daniels Midland Company
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Cargill Incorporated
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Roquette
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Charoen Pokphand Group
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Land O’ Lakes
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Guangdong Haid Group
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Feed One Co.
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Indian Broiler Group Pvt Ltd
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Kent Nutrition Group
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. ForFarmers
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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