Compound Feed Market to Grow with a CAGR of 6.35% through 2029
Increasing pet adoption and expansion of animal
farming in emerging economies is expected to drive the Global Compound Feed
Market growth in the forecast period, 2025-2029.
According to TechSci Research report, “Compound
Feed Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2029”, the Global Compound Feed Market stood at USD 498.23 Billion in 2023 and is
anticipated to grow with a CAGR of 6.35% in the forecast period, 2025-2029. The global compound
feed market is driven by a variety of factors. Primarily, the rising demand for
meat and dairy products, coupled with the increasing awareness about the health
benefits of quality animal feed, are key drivers. Additionally, advancements in animal feed
technology and an increasing focus on livestock disease prevention further
propel the market. The need for optimal growth, reproduction, and milk
production in livestock also fuels the adoption of compound feed. The Global
Compound Feed Market is poised to demonstrate a robust and resilient
performance in the coming years. This growth can be primarily attributed to the
escalating global demand for meat and dairy products, driven by various factors
such as population growth, increasing disposable income, and shifting dietary
preferences towards protein-rich diets. As consumers become more conscious
about the quality and efficiency of livestock production, there is an
increasingly pressing need to meet these demands and ensure sustainable
practices.
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In addition to the rising demand, advancements in
technology and research are enabling the development of innovative feed
formulations that not only enhance animal health, growth, and overall
productivity but also contribute to sustainable farming practices. This is
achieved through the utilization of nutritional additives, precise feed
formulations, and optimized feeding techniques. The incorporation of these
advancements is crucial to meet the evolving needs of the livestock industry
and ensure the provision of high-quality and safe meat and dairy products to
consumers. Furthermore, the compound feed market is witnessing substantial
expansion due to the growing global population, which is leading to increased
consumption of meat and dairy products. Alongside this, the rise in disposable
income in emerging economies is fueling the demand for high-quality animal
protein, further driving the growth of the compound feed market. This presents
a significant opportunity for stakeholders across the value chain, including
producers, suppliers, and manufacturers, who are actively focusing on strategic
collaborations, product innovation, and geographical expansions to capitalize
on the growing market and cater to the evolving needs of consumers. The
compound feed market is expected to experience remarkable growth in the
foreseeable future. The combination of increasing global demand, advancements
in technology, and the focus on sustainable and efficient livestock production
creates a conducive environment for stakeholders to thrive and seize lucrative
opportunities. By embracing innovation, collaboration, and sustainable
practices, the compound feed industry can meet the ever-growing demands of
consumers while ensuring a sustainable and resilient future for the global food
system.
The Global Compound Feed Market is segmented into
ingredient, livestock, source, form, regional distribution, and company. Based on source, the global compound feed market has
been undergoing a significant transformation in recent years. Traditionally,
animal-based feed has held a firm grip on the market, but there has been a
notable surge in the popularity of plant-based feed. This shift can be
attributed to a multitude of factors, including growing environmental concerns,
heightened awareness of animal welfare issues, and the increasing recognition
of the numerous health benefits associated with plant-based diets. The rising tide
of environmental consciousness has prompted consumers to seek more sustainable
alternatives in their food choices. Plant-based feed offers a promising
solution as it reduces the environmental impact associated with animal
agriculture, such as greenhouse gas emissions and land use. Additionally, the
ethical implications surrounding animal welfare have come to the forefront of
public consciousness, leading many individuals to opt for plant-based feed that
aligns with their values and beliefs. Furthermore, the health benefits linked to plant-based
diets have garnered widespread attention. Scientific studies have shown that a
diet rich in plant-based feed can contribute to improved cardiovascular health,
reduced risk of chronic diseases, and overall well-being. As consumers become
increasingly health-conscious, the demand for plant-based feed has witnessed a
remarkable surge. The compound feed market is experiencing a noteworthy shift
towards plant-based feed, driven by environmental concerns, animal welfare
considerations, and the recognition of health benefits. Nonetheless,
animal-based feed continues to hold a substantial position in the market,
highlighting the ongoing coexistence of both options in meeting the diverse
needs of consumers and the industry.
Based on region, the Asia Pacific region is currently
dominating the Global Compound Feed Market due to several factors. The
substantial growth in the livestock population in this region has led to an
increased demand for animal-derived products. The rising population in
countries like China and India has created a surge in the demand for meat and
dairy products, thereby driving the growth of the compound feed market. Moreover,
government initiatives aimed at modernizing the animal husbandry sector have
played a significant role in the expansion of this market. These initiatives
focus on improving feed quality and increasing production efficiencies, leading
to a boost in Asia Pacific's dominance in the global market. Additionally, the
Asia Pacific region benefits from its diverse climate and geographical
conditions, which favor the growth of various feed ingredients. This
availability of a wide range of feed resources contributes to the region's
competitive position in the compound feed market. The Asia Pacific region's
dominance in the Global Compound Feed Market is a result of the combination of
factors such as the growing livestock population, rising demand for
animal-derived products, government initiatives, and favorable climate
conditions.
Major companies operating in Global Compound Feed Market
are:
- Cargill, Inc.
- Charoen Pokphand Foods Public
Company Limited
- Land O’ Lakes Inc.
- New Hope Group Co. Ltd.
- Guangdong HAID Group Co., Ltd
- Tyson Foods, Inc.
- Nutreco N.V.
- Alltech, Inc.
- De Heus Animal Nutrition
- ForFarmers N.V.
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“The global compound feed market is expected to
experience substantial growth in the upcoming years. This growth can be
attributed to several factors, including the rising demand for meat and dairy
products, which is driven by the growing population and changing dietary
preferences. Additionally, advancements in farming practices, such as precision
agriculture and sustainable farming methods, are contributing to the overall
expansion of the market. Furthermore, there is an increasing awareness about
animal health and the importance of providing nutritious and balanced feed to
improve animal productivity and well-being. In line with this, technological
innovations in the feed industry are playing a crucial role in driving market
growth. Companies are developing customized and specialized feed solutions,
leveraging cutting-edge technologies to optimize animal productivity and
achieve better outcomes. These advancements are not only benefiting the
livestock industry but also aiding in addressing sustainability challenges and
reducing environmental impact. With such promising developments, the compound
feed market is poised for a bright future, catering to the evolving needs of
the global agricultural sector.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“Compound Feed Market - Global Industry Size, Share,
Trends, Opportunity, and Forecast, 2019-2029 Segmented By Ingredient (Cereals,
Cakes & Meals, By-Products, Supplements, Others), By Livestock (Ruminants
{Calf, Dairy Cattle, Beef Cattle, Others}, Swine {Broilers, Grower, Sow},
Poultry {Broilers, Layers, Breeders, Others}, Aquaculture {Mollusks, Fishes,
Crustaceans, Others}, Others), By Source (Plant-Based and Animal-Based), By
Form (Mash, Pellets, Crumbles, Others), By Region and Competition”, has evaluated
the future growth potential of Global Compound Feed Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Compound Feed Market.
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