Market Size of Compound Feed Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 462.86 Billion |
| Market Size (2029) | USD 576.82 Billion |
| CAGR (2024 - 2029) | 4.50 % |
| Fastest Growing Market | South America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Compound Feed Market Analysis
The Compound Feed Market size is estimated at USD 462.86 billion in 2024, and is expected to reach USD 576.82 billion by 2029, growing at a CAGR of 4.5% during the forecast period (2024-2029).
The increased demand for compound feed across the world is highly hampered by the COVID-19 pandemic, resulting in supply chain disruption restricting the product trade. With the loosening of situations, the disruption is anticipated to dissolve, facilitating the product trade.
The consumption of meat has been rising steadily across the world. The increasing population, urbanization, demographics, incomes, prices, and environmental and health concerns are key factors that influence the level and type of meat consumption. This is enhancing the demand for the compound feed market. According to the FAO, the growth in global consumption of meat proteins over the next period is estimated to increase by 14% by 2030, compared to 2018-2020, propelled largely by population growth and income. Thus, the demand for compound feed is likely to increase owing to the surge in meat consumption and the huge demand for animal protein.
Asia-Pacific accounts for a major share in the market, owing to the increased livestock population in the region. This is prompted by the growing demand for meat and aquaculture products, which is the major driving force behind the growth of the compound feed market. Increased awareness regarding quality meat, milk, and other dairy-related products and increased livestock production are two other factors augmenting the market's growth. The growth of the feed industry in China has led global compound feed players like Archer Daniels Midland and Cargill to expand and open their new facilities in China. The Zhangzhou feed factory of Archer Daniels Midland Company in China is the fourth compound production facility of the company, which has an annual capacity of 30,000 metric tonne of feed premixes and 80,000 metric tonne of complete feed and concentrates. Cargill has invested in a new premix facility in China to continue growing its feed presence in the region.
Compound Feed Industry Segmentation
Compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances, or industrial processing, whether or not containing additives. The compound feed market is segmented by animal type (ruminants, poultry, swine, aquaculture, and other animal types), ingredients (cereal, cakes and meals, by-products, and supplements (vitamins, amino acids, enzymes, acidifiers, probiotics and prebiotics, and other supplements)), and geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts for compound feed in terms of value (USD million) and volume (thousand metric ton) for all the above segments.
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| Ruminants | |
| Poultry | |
| Swine | |
| Aquaculture | |
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Compound Feed Market Size Summary
The compound feed market is poised for significant growth over the forecast period, driven by the rising global demand for meat and animal protein. This demand is fueled by factors such as population growth, urbanization, and increasing incomes, particularly in the Asia-Pacific region. The market experienced disruptions due to the COVID-19 pandemic, which affected supply chains and trade. However, as these disruptions ease, the market is expected to recover and expand. The Asia-Pacific region, especially countries like China, India, Malaysia, and Thailand, is a major contributor to this growth due to its burgeoning livestock population and increasing meat consumption. The region's focus on improving meat quality and nutritional value through compound feed is further propelling market expansion.
The compound feed industry is characterized by its fragmented nature, with numerous small, medium, and large companies operating at various levels globally. Key players such as Cargill Inc., New Hope Liuhe Co. Ltd, and Guangdong Haid Group are actively expanding their presence through acquisitions and partnerships to enhance production capacities and enter new markets. Innovations in feed ingredients and formulations, such as the inclusion of feed-grade rice, are being explored to improve self-sufficiency and meet the growing demand for high-quality animal nutrition products. The industry's strategic focus on research and development, as evidenced by initiatives like ADM's Aquaculture Innovation Lab, underscores the commitment to advancing feed technology and addressing the evolving needs of the global meat and seafood market.
Compound Feed Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitutes
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Animal Type
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2.1.1 Ruminants
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2.1.2 Poultry
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2.1.3 Swine
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2.1.4 Aquaculture
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2.1.5 Other Animal Types
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2.2 Ingredient
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2.2.1 Cereals
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2.2.2 Cakes and Meals
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2.2.3 Byproducts
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2.2.4 Supplements
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2.2.4.1 Vitamins
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2.2.4.2 Amino Acid
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2.2.4.3 Enzymes
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2.2.4.4 Prebiotics and Probiotics
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2.2.4.5 Acidifiers
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2.2.4.6 Other Supplements
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Germany
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2.3.2.5 Russia
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2.3.2.6 Italy
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 Thailand
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Africa
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2.3.5.1 South Africa
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2.3.5.2 Egypt
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2.3.5.3 Rest of Africa
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Compound Feed Market Size FAQs
How big is the Compound Feed Market?
The Compound Feed Market size is expected to reach USD 462.86 billion in 2024 and grow at a CAGR of 4.5% to reach USD 576.82 billion by 2029.
What is the current Compound Feed Market size?
In 2024, the Compound Feed Market size is expected to reach USD 462.86 billion.
