Compound Feed Market Overview
Global population development, an increase in the prevalence of animal diseases, and increased livestock numbers, particularly in developing nations, will be the main drivers of compound feed industry expansion. Other significant drivers of the compound feed market growth include the increasing demand for high-quality meat and dairy products around the world, the rate of industrialization, and the increased focus on improvements in production methods. compound feed market size was valued at USD 500.9 Billion in 2022. The compound feed industry is projected to grow from USD 525.19 Billion in 2023 to USD 767.12 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.85% during the forecast period (2023–2032).
The government’s increasing efforts to support the agricultural sector, the emphasis on adopting high-quality animal feed, and the exploding trend of organised livestock farming in developing nations will further open up lucrative and rewarding growth opportunities for the compound feed market. However, the growth of the compound feed business will be significantly hampered by the small-scale farmers’ lack of expertise and awareness in developing nations. Additionally, the absence of necessary infrastructure and technical capabilities, particularly in less developed areas, may impede the compound feed market’s expansion rate. The government’s strict rules on the production of compound feed and fluctuations in the price of raw materials would slow the market’s expansion.
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Regional Analysis
Asia Pacific dominated the market for compound feed in 2021. The market in this area is anticipated to expand well due to rising human incomes and demand for meat consumption. Compound feed is consumed at its highest level in numerous Asia Pacific nations.
North America is expected to register lucrative growth in the market for compound feed. The market will expand strongly during the forecast period due to rising demand in North America for both cattle and poultry. The market for compound feed in developed countries is anticipated to grow strongly in the coming years as meat production rises due to a rise in consumer demand for these goods.
Market Segmentation
The global compound feed market has been segmented into ingredients, source, form and livestock.
Based on ingredients, the market has been segmented into cereals, cakes & meals, by-products and supplements. The cereals category accounted for the largest share of the market in 2021. Due to their availability and superior nutritional profile, cereals are consumed in higher quantities when compared to other components. The three main sources of feed grains are wheat, corn, and rice in developed and developing nations. Oats, millet, sorghum, and barley are some other feed grains that livestock eat. On the other hand, the cakes & meals category is anticipated to grow at a significant rate. Soybean meal, cottonseed meal and canola meals are cakes and meals frequently used in feeding formulation. In animal diets, oilseed meals are a significant source of protein.
Based on the source, the market has been segmented into plant-based and animal-based. The animal-based category accounted for the largest revenue share in 2021 in the compound feed market. The main animal-based components in the compound feed are fish meal, fish oil, bone and bone meal, minerals, vitamins, and enzymes. Despite being a good source of protein and fat for feed, they are more expensive and scarcer than food from plants.
Based on the form, the market has been segmented into mash, pellet, crumble and other forms. The pellet category accounted for the largest revenue share in 2021 in the compound feed market. The most popular type of compound feed, pellets, are in high demand because of their advantages. Because it is simple to give animals, the pelleted form encourages early feed uptake and decreases wastage.
Based on livestock, the market has been segmented into poultry, ruminants, swine, aquaculture and other livestock. The poultry category accounted for the largest share of the market in 2021. Growing demand for chicken and turkey will propel the expansion of this segment in the future year if there is an increase in the breeding of poultry animals across numerous nations. Since poultry is an excellent source of economical protein, the industry is anticipated to expand in the upcoming years. There is a higher demand for the poultry market because eating white meat has health benefits compared to eating red meat.
Key Players
Some key market players are Cargill, Inc (US), ADM (US), ForFarmers (the Netherlands), Godrej Agrovet, Ltd (India), Hueber Feeds, LLC (US), Nor Feed (France), ARASCO (Saudi Arabia), JAPFA (Indonesia), Charoen Pokphand Foods (Thailand), New Hope Group (US), Land O’ Lakes (US), Nutreco N.V (the Netherlands), Weston Milling Animal Group (Australia), Feed One Co. (Japan), Kent Nutrition Group (US), Elanco Animal Health (US), De Hues Animal Nutrition (the Netherlands), Muyuan Foodstuff Co., Ltd (China), Alltech, Inc (US) and Guangdong Haid Group (China).
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Market ScenarioMarket Research Future proposes that the global feed additives market is likely to garner USD 39,432.9 million, grabbing a CAGR of 5.96% during the appraisal period (2017-2023).
Such food supplements comprise minerals, vitamins, nutrients, ions, proteins, and other valuable nutrients compared to natural feed.Competitive DashboardThe prominent players operating the global feed additives market are Alltech Inc. (U.S.), Evonik Industries (Germany), Cargill Inc. (U.S.), Archer-Daniels-Midland Company (U.S.), BASF SE (Germany), Danisco A/S (Denmark), and Adisseo France SAS (France).Market Potential and PitfallsFeed additives have gained prominence across the globe as they help to improve the quality and the quantity produced by the animals.
The rapid increase in the global population and their rising health concerns coupled with the growing awareness regarding the benefits of feed additives are likely to foster the market growth globally.
With the surging consumption of meat products, growing safety related to the outbreak of livestock diseases, and augmenting concern over the quality of meat are some of the other driving factors contributing to the market growth.
The compound feed sector is highly influenced by the growing meat consumption coupled with the growth in the processed meat industry owing to the increased income of the middle-class population especially in the developing economies.On the contrary, accelerating prices of the raw materials like wheat, maize, barley, and others coupled with the strict regulatory guidelines for feed additives are some of the top barriers considered to vitiate the market growth in the coming years.Browse Complete Report @ https://www.marketresearchfuture.com/reports/feed-additives-market-5101Global Feed Additives Market: Segmental AnalysisThe global feed additives market has been segmented on the basis of type, form, and livestock.By mode of type, the global feed additives market has been segmented into vitamins, amino acids, enzymes, carotenoids, acidifiers, prebiotics, lipids, minerals, and others.
Moreover, the high shelf life of the dry segment highly contributes to the market growth.By mode of livestock, the global feed additives market has been segmented into swine, poultry, ruminants, and others.
This report studies Nanocomposites in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025.This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, coveringRequest Free Sample Report:https://www.qymarketinsights.com/report-detail/37099/request-sampleArkema SABASFCabot CorporationElementis SpecialtiesInframat CorporationDuPontFoster CorporationNanocor IncorporatedPowdermetShowa Denko K.K.On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split intoCarbon Nanotube NanocompositesPolymer Metal Fiber CompositesNanofiber NanocompositesGraphene NanocompositesBy Application, the market can be split intoAutomotivesAviationElectronics And SemiconductorsBuilding & ConstructionMedical And HealthcareOthersAccess Full Report:https://www.qymarketinsights.com/report/global-nanocomposites-market-professional-survey-report-2018-37099.htmlBy Regions, this report covers (we can add the regions/countries as you want)North AmericaChinaEuropeSoutheast AsiaJapanIndiaIf you have any special requirements, please let us know and we will offer you the report as you want.Table of Contents:Global Nanocomposites Market Professional Survey Report 2018:1 Industry Overview of Nanocomposites1.1 Definition and Specifications of Nanocomposites1.1.1 Definition of Nanocomposites1.1.2 Specifications of Nanocomposites1.2 Classification of Nanocomposites1.2.1 Carbon Nanotube Nanocomposites1.2.2 Polymer Metal Fiber Composites1.2.3 Nanofiber Nanocomposites1.2.4 Graphene Nanocomposites1.3 Applications of Nanocomposites1.3.1 Automotives1.3.2 Aviation1.3.3 Electronics And Semiconductors1.3.4 Building & Construction1.3.5 Medical And Healthcare1.3.6 Others1.4 Market Segment by Regions1.4.1 North America1.4.2 China1.4.3 Europe1.4.4 Southeast Asia1.4.5 Japan1.4.6 IndiaContact UsMark StoneSales ManagerPhone: (201) 465-4211Email: [email protected]: https://www.qymarketinsights.com/
Global Veterinary Feed Additives Market by Manufacturers, Countries, Type and Application, Forecast to 2023 Report “ Provides In-Depth Analysis Of Parent Market Trends, Macro-Economic Indicators And Governing Factors Along With Market Attractiveness As Per Segments.Introduction:Veterinary Feed Additives which are used for feeding the Swine Feeds, pig and other animals directly.
There are many shape, such as pellets fed, powder feed, liquid feed, etc.
Veterinary Feed Additives plays a vital role in the process of ensuring food safety along the entire livestock and aquaculture production and supply chain.
This report categorizes the market based on manufacturers, regions, type and application.Request a Sample of this Report @ http://www.orbisresearch.com/contacts/request-sample/2163452 The worldwide market for Veterinary Feed Additives is expected to grow at a CAGR of roughly 2.9% over the next five years, will reach 18600 million US$ in 2023, from 16100 million US$ in 2017, according to a new GIR (Global Info Research) study.In global market, the production of veterinary feed additives increases from 8848 K MT in 2012 to 10115 K MT in 2016.
Africa, China, Latin America have maintained a rapid growth rate.
In the foreseeable future, the growth of this industry mainly comes from the growth of these areas.In application, veterinary feed additives downstream is wide and recently feed additives has acquired increasing significance in various fields of Cattle Feeds, Cattle Feeds, Sheep Feeds, pig feeds and other feeds.
