The global compound feed market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increase in industrialized livestock production, as well as an increase in demand for animal-based protein sources.
According to the International Feed Industry Federation (IFIF) Global commercial feed manufacture has an estimated yearly turnover of over $400 billion.
Animal health is heavily reliant on feed that provides a well-balanced diet. Some current agricultural techniques, such as grain-feeding cows or keeping them in feedlots, are bad for the environment and the animals. Increased maize or other grain in cow diet, for example, causes their microbiomes to become more acidic, weakening their immune systems and making cows a more probable E. coli vector.
Millions of people throughout the world rely on livestock farming and the consumption of animal products for their economic and nutritional well-being. Animal feed additives is the largest and most significant component in guaranteeing safe, plentiful, and economical animal proteins in the global food market.
According to the United Nations Food and Agriculture Organization (FAO), food demand will increase by 60% by 2050, and animal protein production will increase by 1.7 percent per year between 2010 and 2050, with meat production expected to increase by nearly 70%, aquaculture by 90%, and dairy by 55 percent. This is a growth factor of nearly two, but extrapolating the growth rates of the previous forty years ahead to 2050 might theoretically quadruple the demands.
The meat business assesses the apparent expansion of the animal feed ingredients market, since a substantial share of animal-based proteins is produced from slaughterhouse sector animal by-products.
In 2020, according to the Food and Agriculture Organization of the United Nations (FAO) Global total meat production is expected to reach 337.2 million tones, Asia's imports increased by 15.8% to more than 22 million tones, accounting for 63 percent of global meat imports, up from 38.7 million tons in 2019.
The expanding demand for animal protein has put a pressure on farmwomen to provide more protein eatery to their farm animal which creating opportunities for the market to expand and develop a technology which can improve the profits.
Dr Candido Pomar from the Agriculture and Agri-Food Canada (AAFC) spoke at the 2020 Animal Nutrition Conference of Canada that smart livestock feeding may cut protein consumption by 25%, nitrogen excretion by 40%, increasing profit by almost 10%. Smart livestock feeding is a major step forward in livestock nutrition, and it's one of the most promising approaches to provide safe, high-quality animal products like meat and milk, as well as excellent animal welfare and low environmental effect.
Following the COVID-19 outbreak, animal feed compound is observed a neutral effect on the demand due to a shortage of raw materials and the whole supply chain is interrupted. Despite the fact that feed demand has been largely consistent, the COVID-19 outbreak has had a substantial influence on supply. Labor shortages and mobility restrictions and diseases. Feed delivery has been delayed as a result of the disturbance in supply lines.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing consumption of dairy products is expected to push the market in the coming years.
- Rise of the urban middle class has coincided with a move away from a grain-based diet are projected to boost the market during the forecast period.
- Growing instances of various livestock diseases such as avian influenza, swine flu, and food & mouth diseases are key factors driving the market in the coming years.
- Increasing demand for meat products, and scientifically confirmed benefits of additives are estimated to push the market.
- Fast-growing population and increasing global food demand is projected to drive the market.
- New advanced feed machinery technologies are anticipated to drive the demand.
- Rising cost of raw material is expected to hinder the market growth.
- Increasing vegan population and growing trend for plant-based protein and plant base meat is expected to restrict the growth of the market.
- Innovative technologies to enhance productivity and profits is expected to create lucrative opportunities for the market players.
Scope of the Report
The report on the compound feed market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Compound Feed Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Ingredients (Cakes & Meals, Byproducts, Cereal, Supplements [Vitamins, Amino Acids, Enzymes, Acidifiers, Probiotics & Prebiotics], and Others), Animal Types (Poultry, Swine, Ruminants, Aquaculture, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Cargill Inc.; Alltech Inc.; Archer Daniels Midland; Land O Lakes Purina; Charoen Pokphand Foods
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China Feed Additives Market Segment Insights
The cereal segment is anticipated to expand at a substantial CAGR
On the basis of Ingredients, the compound feed market is segregated into cakes & meals, byproducts, cereal, supplements, and others. The cereal segment is expected to constitute a key share of the market during the forecast period owing to it is rich high fibers and proteins also they are cost effective.
The poultry segment is projected to represent a large market share
Based on animal types, the compound feed market is divided into poultry, swine, ruminants, aquaculture, and others. The swine segment is expected to represent a key share of the market during the forecast period owing to in regard to breeders are becoming more concerned over their animals' health and prefer to offer appropriate nutrition and supplements to keep them healthy moreover rising production of poultry farms.
Asia Pacific segments is expected to Dominate the Market
On the basis of regions, the compound feed market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to rising demand of meat in the region also countries such as India and China are observed to rise in exports of meat and its products.
Segments
Segments Covered in the Report
The global compound feed market has been segmented on the basis of
Ingredients
- Cakes & Meals
- Byproducts
- Cereal
- Supplements
- Vitamins
- Amino Acids
- Enzymes
- Acidifiers
- Probiotics & Prebiotics
- Others
Animal Types
- Poultry
- Swine
- Ruminants
- Aquaculture
- Others
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Cargill Inc.
- Alltech Inc.
- Archer Daniels Midland
- Land O Lakes Purina
- Charoen Pokphand Foods
Competitive Landscape
Key players competing in the compound feed market include Cargill Inc.; Alltech Inc.; Archer Daniels Midland; Land O Lakes Purina; Charoen Pokphand Foods.
Some of these players are focusing on business strategies including partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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