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Compound Feed Market Trends

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

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Compound Feed Market Trends

However, fluctuations in raw material prices, including wheat, maize, soybean, and millet, may hinder industry profitability during the next ten years as it impacts the pricing & production of compound feed. The availability of these materials largely relies on their yield. The changing weather conditions and the excessive use of fertilizers for enhancing crop quality & yield lead to increasing costs of the end product, which may impede the market demand.

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