Compound Feed Market To Grow With an Impressive CAGR During the Forecast Period
Growing adoption of flexible feeds is
driving the growth in Global Compound Feed Market in the forecast period,
2022-2026.
According
to TechSci Research report, “Global Compound Feed Market 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 v/s Animal-Based), By Form (Mash, Pellets,
Crumbles, Others), By Region, Competition Forecast & Opportunities, 2026”,
the global compound feed market would potentially project an impressive growth
in the forecast period, 2022-2026, with an impressive CAGR on the account of surging
demand for the quality food for the livestock animals and aquaculture animals.
Moreover, the rising demand for the meat and dairy products is also driving the
future growth of the global compound feed market in the upcoming five years.
Consumer inclination toward animal-protein based diet and enhanced consumption
of beef, pork, and other similar products is substantiating the future growth
of the global compound feed market in the next five years. Factors like
industrialization and advanced technological developments are also expected to
support the growth of the global compound feed market in the future five years.
Although, rising cost of raw material and stringent government regulations may
put a mild restraint on the growth of the global compound feed market in the
forecast years until 2026, but consistent efforts with research and
technological development the market is expected to regain the stability in the
future growth. Resent pandemic situation due to widespread COVID-19 also
affected the growth of the market although the market is steadily regaining its
growth rate in the recent months.
To
provide the surplus amount of nutrient and healthier food, compound feed in
incorporated in the livestock and aquaculture diet. Compound feed is a mixture
of raw materials and additives that are added as livestock feed. It is often
prepared and manufactured according to the standard levels of nutrient required
for each type of livestock. Compound feed aids the food supply and quality of
all livestock production and aquaculture productions. Often sourced from plant
based resources like soybean, sorghum, wheat, barley, and corn, with additives
like vitamins, minerals, and amino acids, the compound feed is responsible to
replenish the balanced diet for the livestock animals.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on " Global Compound feed Market"
The global compound feed market is segmented by
ingredient, livestock, source, form, competitional landscape, and regional
distribution. Based on livestock, the market is further bifurcated into ruminants,
swine, poultry, aquaculture, and others. Swine sub-segment is anticipated to
hold the largest revenue shares of the market and dominate the market segment
in the upcoming five years on the account of increase in the pork production in
the forecast period. Swine sub-segment further includes livestock accounting
for broilers, grower, and sow. Aquaculture is also expected to register
significant growth on the account of rising demand for the fishes as feed.
Fishes are a good source for essential amino acids and vitamins. Moreover,
demand for seafood is rapidly increasing as more people are becoming aware of
health benefits of fish meals and these surging demands are further driving the
growth of the global compound feed market in the future five years.
A list of major share-holders of the global compound
feed market includes Cargill Inc., ADM (Archer-Daniels-Midland Company), New
Hope Group Co., Ltd., Charoen Pokphand Group Co., Ltd., Land O'Lakes Inc.,
Nutreco N.V., Guangdong Haid Group Co. Ltd., For Farmers N.V., Alltech Inc.,
Feed One Co. Ltd., Kent Nutrition Group, Purina Animal Nutrition LLC, DE HEUS
Animal Nutrition, Elanco Animal Health Incorporated, BASF SE, among others. These
market players are actively involved in the research and technological
development in the product developments. The advanced technology has made it
possible for the industry to provide excellent services through compound feed.
Further advancement would aid the market value and brand establishment in the
future five years. New market players may focus on the research and development
to provide options that satisfies the consumer demand as well as benefits the
market players in building their brand value. Other competitive strategies
include mergers & acquisitions and new product developments.
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“Asia Pacific region is anticipated to
dominate the regional shares of the global market analysis. The surging demand
for the meat and dairy products along with the rapidly increasing number of
market players in the region is driving the growth of the global compound feed
market in the next five years. Moreover, the countries like China, India, etc.
are highly functional producers of agricultural commodities and livestock
culture. The demand for the higher yielding feeds such that the livestock is
healthy and well-nourished is also substantiating the growth of the global
compound feed market in the next five years,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based Global management consulting
firm.
“Global Compound Feed Market 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 v/s Animal-Based), By Form (Mash, Pellets,
Crumbles, Others), By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future
growth potential of global compound feed 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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