Global Compound Feed Market to Grow at a CAGR of 4.6% During 2024-2032, Aided by Increase in the Global Livestock Population

The robustly growing livestock industry and the rising consumption of animal products make significant contributions to the economic prosperity and nutritional health of millions of people worldwide, aiding the compound feed market growth. Animal feeds occupy a foremost role in the global food sector, as feed represents the principal and most essential component for ensuring safe, plentiful, and affordable sources of animal protein.

Although approximately one billion metric tons of commercial feed is produced annually, farmers also directly mix approximately 300 million metric tons of feed in their operations. This decentralised mixing presents regulatory difficulties, as food safety authorities are generally unable to routinely audit on-farm mixing practices.

Global meat consumption has steadily increased in recent decades. Key drivers influencing the scale and nature of meat demand include rising population levels, ongoing urbanisation, shifting demographics, greater household incomes, fluctuating prices, and growing environmental and public health concerns. These interrelated factors continue to elevate requirements for compound animal feed products worldwide. Sustained demand across both developed and developing regions has reinforced the commercial importance of industrialised feed production to support the global meat trade reliably and affordably in the coming years.

Darling Ingredients Inc. (NYSE: DAR) a global leader in the feed industry, offers feed ingredients derived from carefully analysed bakery byproducts—including bread, dough, pasta, crackers, cereal, bagels, baked goods, and snack chips. Through stringent safety protocols, the company ensures these ingredients meet the highest standards for nutrition, quality, and food safety. Additionally, the company's sustainable processing of organic meat byproducts and animal remains is a responsible solution. Compared to other handling methods that can release harmful methane emissions and pathogens, Darling's facilities securely and efficiently recycle these materials back into new products.

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Market Breakup by Animal Type, Ingredient, and Region:

• On the basis of the animal type, the market is divided into poultry, ruminants, aquaculture, and swine, among others.

• The market can be segmented based on ingredients into cakes and meals, cereals, and supplements.

• By region, the market can be classified into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The Asia Pacific accounts for a significant portion of the global compound feed market share. This is largely due to the substantial livestock populations present throughout the area. Growing demand for meat and aquaculture products has been a primary driver of increased feed production. Consumers are also more aware of and interested in high-quality meat, milk, and other dairy offerings.

• Additionally, expanded livestock farming operations have further contributed to the market growth. China's feed industry expansion, in particular, has encouraged major international compound feed corporations like Archer Daniels Midland and Cargill to develop new facilities within the country.

• The demand for meat protein is significantly increasing, particularly within rapidly developing economies such as China, India, Malaysia, and Thailand. This surge in demand for meat protein has directly stimulated meat production throughout the globe, hence the adoption of compounded feed has expanded notably. Compounded feed uptake is anticipated to showcase steady gains moving forward. In addition to enhancing nutritional value, compounded feed is growing in significance for its ability to improve meat quality.

Figure: Growth in meat production and consumption on a protein basis, 2021 to 2030

• The global demand for dairy and meat is increasing in many nations around the world. To meet rising needs, manufacturers are focusing on developing nutritious compound feeds for livestock. While this presents opportunities for growth, stringent regulations in developed markets can also pose challenges. In order to comply with policy requirements in major economies, feed producers must implement rigorous quality standards and demonstrate their formulations to support animal welfare. Sustainable and responsible practices are also expected to be key to ensuring long-term viability as consumer preferences continue prioritising humane treatment.

Key Offerings of the Report:

• The EMR report gives an overview of the global compound feed market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the animal types, ingredients, and major regions of compound feed.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global compound feed market are ForFarmers N.V., Roquette Frères., Darling Ingredients Inc., De Heus Voeders B.V., and Nutreco N.V, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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