Market Size of United Kingdom Compound Feed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UK Compound Feeds Market Analysis
The market for compound feed in the United Kingdom is projected to register a CAGR of 3.9% during the forecast period. The growing demand for meat increased awareness regarding quality meat and milk products and increased livestock production are the factors augmenting the growth of the market studied. Additionally, the United Kingdom gained access to Taiwan for pig meat exports in 2018, which is further expected to allow the pig and pork producers to capture the potential export market space. Thus, this is expected to boost the demand for compound feed for pigs, domestically. Poultry segment dominates the market owing to the demand from the consumer end leading to higher production. Some of the leading players in the market are Cargill, Incorporated, Alltech Inc., ABN, Midland Feeds, and For Farmers.
UK Compound Feeds 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. While soybean, corn, barley, wheat, and sorghum are the most commonly used raw materials, vitamins, minerals, and amino acids are the most common additives blended to form compound feed.
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Other Animal Types |
| Ingredient | |
| Cereals | |
| Cakes & Meals | |
| By-products | |
| Supplements |
United Kingdom Compound Feed Market Size Summary
The UK compound feed market is experiencing steady growth, driven by increasing demand for quality meat and milk products, alongside a rise in livestock production. The market is further bolstered by the UK's access to international markets, such as Taiwan for pig meat exports, which enhances the domestic demand for pig feed. The poultry segment remains the dominant force in the market, fueled by consumer demand and higher production levels. Key industry players, including Cargill, Incorporated, Alltech Inc., ABN, Midland Feeds, and For Farmers, are actively participating in this growth trajectory.
The rising per capita consumption of meat and animal products, recognized as vital sources of nutrition, is a significant factor propelling the compound feed market. Poultry and pork are the most consumed meats in the UK, with poultry leading the consumption rates. The growth in commercial livestock production, driven by health concerns and increased demand for processed meat, presents opportunities for feed manufacturers to boost animal productivity. Companies are expanding their operations through acquisitions and mergers, enhancing production capacities, and entering new markets to capitalize on the growing demand for compound feed.
United Kingdom 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 Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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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 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 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 & Meals
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2.2.3 By-products
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2.2.4 Supplements
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United Kingdom Compound Feed Market Size FAQs
What is the current United Kingdom Compound Feed Market size?
The United Kingdom Compound Feed Market is projected to register a CAGR of 3.9% during the forecast period (2024-2029)
Who are the key players in United Kingdom Compound Feed Market?
Cargill, Incorporated. , Alltech Inc., ABN, Midland Feeds and ForFarmers are the major companies operating in the United Kingdom Compound Feed Market.
