Compound feed Market Outlook (2023 to 2033)

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 USD 418 billion in 2023. It is predicted to surpass a valuation of USD 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) USD 400 billion
Compound Feed Market Share (2023) USD 418 billion
Compound Feed Market Share (2033) USD 674.42 billion
Compound Feed Market Share (2023 to 2033) 4.9%

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Global Compound Feed Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

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 USD 335.42 billion. In the following years from 2018 to 2022, the market witnessed considerable growth, accounting for a worth of USD 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.

Category-wise Insights

Which Form of Compound Feed is Expected to Witness a Demand Spur?

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.

Which Ingredient Segment is Anticipated to Gain Traction?

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 USD 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.

Which Livestock Segment is Likely to Generate High Revenues?

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.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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Country-wise Insights

Why is the Compound Feed Market in Asia Pacific Expanding?

Asia Pacific is anticipated to generate high revenues during the forecast period. The region is estimated to account for approximately USD 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.

Acquisitions and Mergers to Influence the Competitive Marketspace

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.

  • Roquette acquired an Indian excipient producer Crest Cellulose in September 2022. Roquette is a prominent supplier of nutraceutical and pharmaceutical excipients.
  • In June 2021, Cargill acquired Precision Livestock Analytics, a livestock data analytics company. The acquisition is aimed to help livestock producers improve animal health and productivity.
  • In May 2021, DSM acquired First Choice Ingredients, a supplier of dairy-based savory flavors for the food industry. This acquisition is aimed to help the company fortify its portfolio of ingredient solutions.
  • In April 2021, Alltech acquired Solbiosur, a leading animal nutrition company in Argentina. The acquisition aims to expand the company’s presence in the South American Market.
  • In March 2021, ADM acquired Sojaprotein, a leading producer of plant-based protein ingredients in Europe.
  • In March 2021, Cargill announced the acquisition of a shrimp feed manufacturer in Thailand, to expand its aqua nutrition business in the Asia Pacific region.

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Key Players in the Global Compound Feed Market

  • ForFarmers
  • Archer Daniels Midland Company (ADM)
  • Cargill Incorporated
  • Alltech
  • Roquette
  • Charoen Pokphand Group
  • Land O’ Lakes
  • Guangdong Haid Group
  • Feed One Co.
  • Indian Broiler Group Pvt. Ltd.
  • Kent Nutrition Group

Compound Feed Market Segmentation

Compound Feed Market by Ingredients:

  • Compound Feed in Cereals
  • Compound Feed in Cakes & Meal
  • Compound Feed in Animal By-Products
  • Compound Feed in Additives
  • Compound Feed in Supplements {Vitamins, Enzymes, Acidifiers, Amino acids, Probiotics & Prebiotics}

Compound Feed Market by Form:

  • Compound Feed in Pellets
  • Compound Feed in Mash
  • Compound Feed in Crumbled

Compound Feed Market by Livestock:

  • Compound Feed in Poultry {Broilers, Layers, Breeders}
  • Compound Feed in Ruminants
  • Compound Feed in Swine
  • Compound Feed in Aquaculture

Frequently Asked Questions

Which Region Presents Lucrative Growth Opportunities?

North America is estimated to witness lucrative growth opportunities through 2033.

How Big is the Compound Feed Market?

The market is valued at USD 418 billion in 2023.

Who are the Key Players in the Compound Feed Market?

Forfarmers, Alltech, and Feedone Inc. are the key market players.

Which is the Key Segment by Ingredients?

Cereal is likely to remain preferred through 2033.

What is the Go-to-Market Strategy?

Players opt for mergers, collaborations, and acquisitions.

Table of Content
	1. Executive Summary | Compound Feed Market
	2. Market Overview
	3. Market Background
	4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
	5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Ingredients
		5.1. Cereals
		5.2. Cakes & Meal
		5.3. Supplements
		5.4. By-products
	6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form
		6.1. Pellets
		6.2. Mash
		6.3. Crumbled
	7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Livestock
		7.1. Poultry
		7.2. Ruminants
		7.3. Swine
		7.4. Aquaculture
	8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source
		8.1. Plant-based
		8.2. Animal-based
	9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
		9.1. North America
		9.2. Latin America
		9.3. Europe
		9.4. Asia Pacific
		9.5. MEA
	10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
	15. Key Countries Market Analysis
	16. Market Structure Analysis
	17. Competition Analysis
		17.1. Archer Daniels Midland Company
		17.2. Cargill Incorporated
		17.3. Roquette
		17.4. Charoen Pokphand Group
		17.5. Land O’ Lakes
		17.6. Guangdong Haid Group
		17.7. Feed One Co.
		17.8. Indian Broiler Group Pvt Ltd
		17.9. Kent Nutrition Group
		17.10. ForFarmers
	18. Assumptions & Acronyms Used
	19. Research Methodology
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