Compound Feed Market size to reach $695 Bn by 2032

Compound Feed Market size is expected to exceed USD 695 billion by 2032, according to a new research report by Global Market Insights Inc.
 

As per the study shifting inclination toward optimum nutrition of farm animals due to the mounting demand for animal protein sources is likely to foster the market demand. The considerable rise in protein intake among health-conscious consumers, coupled with the prevailing malnutrition conditions, mainly in children, has fueled the consumption of meat-based products in their diets. Also, consumers are shifting to ready-to-eat processed meat products due to hectic lifestyles, a consistently expanding working population base, and the increasing innovations in the meat processing industry.
 

Thus, rapid globalization and varying dietary preferences pertaining to meat & processed meat consumption will create a favorable growth outlook for the compound feed market. The rising awareness about animal health has paved the way for the livestock industry, where meat quality holds utmost significance. In addition, the improving disposable incomes and the subsequent rise in meat uptake have encouraged farmers to use high-quality animal feed to enhance the quality of animal products.
 

Increasing utilization in the ruminant diets to bolster the demand for cakes & meals

Based on ingredients, the cakes & meals segment is poised to expand at over 5% CAGR from 2023 to 2032. Cakes & meals serve as a good source of protein & nitrogen, which favor their usage as compound feeds. Oil cakes are rich in cellulose and hemicellulose, making them suitable for ruminants' diets. Besides, the high phosphorous content of cakes & meals is yet another factor favoring the market growth.
 

Browse key industry insights spread across 460 pages with 483 market data tables and 33 figures & charts from the report, “Compound Feed Market Size By Ingredients (Cereals, Cakes & Meal, Animal By-Products, Additives, Supplements {Vitamins, Enzymes, Acidifiers, Amino acids, Probiotics & Prebiotics}), By Form (Pellets, Mash, Crumbled), By Livestock (Poultry {Broilers, Layers, Breeders}, Ruminants, Swine, Aquaculture), & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/compound-feed-market
 

Ability to minimize food wastage to boost the uptake of pellet feeds

With respect to form, the pellets segment is anticipated to surpass USD 250 billion by 2032. Compound feeds in the form of pellets reduce the bulkiness of the feed and minimize feed wastage, thus gaining a competitive edge over their counterparts. Besides, its ability to maintain its shape until eaten is another key factor accelerating industry outlook.
 

Positive economic outlook to support industry growth across Europe

The Europe compound feed market revenue is projected to grow at 4.5% CAGR through 2032, fueled by the heightened consumption of animal products backed by the improving economic landscape and rising disposable incomes. In addition, the prominent presence of well-established compound feed manufacturers will further drive the market revenue.
 

Capacity expansion remains the key growth strategy

Notable players operating in the compound feed market are Archer Daniels Midland Company (ADM), Cargill Incorporated, Roquette, Charoen Pokphand Group, Land O’ Lakes, Guangdong Haid Group, ForFarmers, Alltech, Feed One Co., Indian Broiler Group Pvt Ltd, and Kent Nutrition Group.
 

Companies operating in the market are focusing on adopting new expansion strategies in order to boost their production capabilities and gain a strong global foothold. For instance, in July 2022, AB Agri inaugurated a new 34,000 square meter feed mill with a 240,000 tons capacity in Tongchuan City in Shaanxi Province, China, to boost their production capabilities in the region. Presently, the company, from its operations across China, produces over 1.7 million tons of compound feed.