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Compound Feed Market Size

Report ID: GMI5481
Published Date: Mar 2023
Report Format: PDF

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Compound Feed Market Size

Compound Feed Market size was reached USD 450.5 billion in 2023 and is projected to witness 4.5% CAGR from 2024 to 2032.

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Growing population and the subsequent rise in urbanization have resulted in the rising demand for quality animal-derived food products, including meat, milk, and eggs, favoring livestock production across the region. This will assist farmers in investing in livestock farming, thus, supporting the market for compound feed. Moreover, the shifting consumer inclination toward dietic nutrition and high protein consumption will positively influence the demand for animal products. Thus, to garner profits from the expanding the compound feed market, farmers will enhance their production capacity while improving the formulation of animal products by using compound feed.

Compound Feed Market Report Attributes
Report Attribute	Details
Base Year:	2023
Compound Feed Market Size in 2023:	USD 450.5 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4.9%
2032 Value Projection:	USD 695 Billion
Historical Data for:	2018 to 2022
No. of Pages:	460
Tables, Charts & Figures:	516
Segments covered:	Ingredient, Form, Livestock, and Region.
Growth Drivers:	Shifting focus toward optimum nutrition of farm animals due to the increasing demand for animal protein sources The growing consciousness regarding animal health will fuel the demand for livestock feed products and contribute to market growth The presence of a large livestock population in Asia Pacific will boost the market growth Disease outbreaks among animals will fuel the demand for high nutrition feed
Pitfalls & Challenges:	Fluctuations in raw material prices may hamper industry profitability

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This apart, the growing consciousness regarding animal health will fuel the demand for livestock feed products, thereby supporting the compound feed market growth. The rising awareness & concerns regarding livestock diseases have accelerated the need for safe livestock nourishment practices for proper nutrition to enhance their health and protect them against various diseases. Crowded & dirty conditions on farms can result in more diseases among animals. These diseases can increase the risk of human infections, thereby augmenting the importance of compound feed for boosting animal immunity and improving their health.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market value of compound feed surpassed USD 450.5 billion in 2023 and is set to exhibit over 4.5% CAGR from 2024 to 2032, given the expanding livestock population across the Asia Pacific region and rising concerns pertaining to animal health.

The cereals segment is predicted to be worth over USD 280 billion by 2032, attributed to the high starch content and rich nutritional composition of cereals that support healthy livestock growth.

The compound feed industry share from the mash segment is primed to expand at over 4.5% CAGR through 2032, owing to the well-balanced composition of mash feeds and their relatively economical nature.

The compound feed market includes participation from firms such as ForFarmers, Archer Daniels Midland Company (ADM), Alltech, Cargill Incorporated, Roquette, Charoen Pokphand Group, Land O’ Lakes, Guangdong Haid Group, Feed One Co., Indian Broiler Group Pvt Ltd, and Kent Nutrition Group.