According to the report by Expert Market Research (EMR), the Global Compound Feed Market Size is projected to grow at a CAGR of 4.6% between 2023 and 2028. Aided by the increasing demand for high-quality animal products and the expanding applications of compound feed in various livestock segments, the market is expected to grow significantly by 2028.
Compound feed is a meticulously balanced blend of raw materials and supplements derived from both plant and animal sources, formulated to meet the specific nutritional requirements of various types of livestock. It plays an instrumental role in bolstering animal health, augmenting the quality of animal-derived products, and enhancing livestock productivity.
One of the primary drivers of the global compound feed market growth is the growing consumer preference for high-quality animal products. As public awareness regarding the correlation between animal nutrition and the quality of meat, milk, eggs, and other animal products increases, there has been a substantial shift towards nutrient-rich diets for livestock, thereby resulting in a surge in demand for compound feed products.
Moreover, the rising global population and increasing per capita income levels have amplified the demand for meat and dairy products. This surge in demand has underscored the need for efficient and effective animal rearing practices that include the use of compound feed, thereby further fuelling the compound feed market expansion.
The applications of compound feed across various livestock sectors are broadening, which is significantly contributing to market growth. Compound feed is used in the dairy industry to increase milk yield and quality. While the aquaculture sector uses the compound feed to promote fish growth and health, the poultry sector uses it to increase egg production and meat quality.
Additionally, a greater emphasis is being placed on compound feed as a significant ingredient in pet food formulations as a result of the rising trend of pet adoption globally and the subsequent demand for nutrient-dense pet food. This trend represents another crucial factor fuelling the compound feed market expansion.
The recent surge in interest in sustainable farming practices is another factor that is set to influence the compound feed market demand positively. The livestock sector is continually seeking to reduce its environmental footprint, and the use of compound feed is recognised as a way to improve feeding efficiency, decrease waste, and contribute to overall farm sustainability.
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Compound Feed Market Segmentation
The market can be divided based on animal type, ingredient, and region.
Market Breakup by Animal Type
• Poultry
• Ruminants
• Aquaculture
• Swine
• Others
Market Breakup by Ingredient
• Cakes and Meals
• Cereals
• Supplements
o Vitamins
o Amino Acid
o Enzymes
o Prebiotics and Probiotics
o Acidifiers
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global compound feed companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• ForFarmers N.V.
• Roquette Frères.
• Darling Ingredients Inc.
• De Heus Voeders B.V.
• Nutreco N.V
• Others
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