Market Size of Russia Compound Feed Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.20 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Russia Compound Feed Market Analysis
The market for compound feed in Russia is projected to register at a CAGR of 4.2% during the forecast period. The government of Russia has also prioritized the feed industry, by extending direct and indirect subsidies to the producers. Several feed companies are reviving the previously discontinued investment projects on feed. The rising trend of meat consumption is further expected to continue, due to a systemic decrease in the wholesale and retail prices of pork and poultry supported by expanding domestic production. Moreover, in 2019, The All-Russian Research Institute of Feed undertook a project to increase both the volume and quality of feed, by expanding feed production to the vast territory of Russia.
Russia 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 containing additives. While soybean, corn, barley, wheat, and sorghum are the most used raw materials, vitamins, minerals, and amino acids are the most common additives blended to form compound feed. The Russia Compound Feed Market is segmented By Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Others), By Ingredients (Cereal, Cakes & Meals, By-Products, and Supplements). The supplement segment is further segmented into Vitamins, Amino Acids, Enzymes, Acidifiers, Probiotics and Prebiotics, and Other Supplements.
Ingredient | ||||||||
Cereals | ||||||||
Cakes & Meals | ||||||||
By-products | ||||||||
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Animal Type | |
Ruminants | |
Poultry | |
Swine | |
Aquaculture | |
Other Animal Types |
Russia Compound Feed Market Size Summary
The Russian compound feed market is experiencing a steady growth trajectory, driven by increasing global meat consumption and the expansion of the processed meat industry. The government's strategic focus on the feed sector, through direct and indirect subsidies, has bolstered production capabilities, encouraging companies to revive previously halted investment projects. The market benefits from a diverse range of raw materials, which supports its expansion. The All-Russian Research Institute of Feed's initiatives to enhance both the volume and quality of feed production across Russia further contribute to this growth. The shift towards industrialized meat production necessitates a robust regulatory framework and the incorporation of high feed additive inputs to improve meat production efficiency.
The market is characterized by a consolidated structure, with major players holding significant shares and actively pursuing expansion through acquisitions and mergers, both locally and internationally. Companies are focusing on increasing production capacities and diversifying product lines to meet the rising demand. The poultry segment remains the dominant force in compound feed production, reflecting the highest share in the market. As the per capita meat consumption in Russia reaches historic highs, the compound feed industry is poised for continued growth, supported by strategic investments and a commitment to enhancing production capabilities.
Russia 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 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Ingredient
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2.1.1 Cereals
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2.1.2 Cakes & Meals
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2.1.3 By-products
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2.1.4 Supplements
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2.1.4.1 Vitamins
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2.1.4.2 Amino Acid
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2.1.4.3 Enzymes
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2.1.4.4 Prebiotics and Probiotics
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2.1.4.5 Acidifiers
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2.1.4.6 Other Supplements
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2.2 Animal Type
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2.2.1 Ruminants
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2.2.2 Poultry
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2.2.3 Swine
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2.2.4 Aquaculture
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2.2.5 Other Animal Types
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Russia Compound Feed Market Size FAQs
What is the current Russia Compound Feed Market size?
The Russia Compound Feed Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in Russia Compound Feed Market?
Nutreco, ALLtech inc., LAND O’ LAKES INC. (PURINA MILLS), Cargill inc. and Archer Daniels Midland Company are the major companies operating in the Russia Compound Feed Market.