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Global Compound Feed Market Size, Share, Trends, Forecast: By Animal Type: Poultry, Ruminants, Aquaculture, Swine, Others; By Ingredient: Cakes and Meals, Cereals, Supplements; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Compound Feed Market Outlook
The global market for compound feed reached a value of about USD 557.45 billion in 2023. The market is expected to grow at a CAGR of about 4.6% in the forecast period of 2024-2032 to reach a value of around USD 835.59 billion by 2032, owing to the growing global livestock population.
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Asia Pacific to be Among the Significant Regional Markets for Compound Feed
Due to increased research and development activities, high awareness and preference among livestock owners, and an increase in demand for meat, including pig, chicken, beef, and mutton, Asia Pacific is expected to be a significant region in the global market. Growth in pork and poultry meat consumption is one of the major factors driving the growth of compound feed in the region. Also, increased demand for meat, safety issues, and prevention of disease outbreaks in livestock, among others, are some of the reasons estimated to drive the compound feed market in the Asia Pacific. The significant presence of animal feed manufacturers, along with the expansion in the agriculture sector in Southeast Asia, is anticipated to increase the consumption of compound feed ingredients in the Asia Pacific region.
Additionally, with the rapid economic development, demand for meat protein is increasing in the Asia Pacific, particularly in China, India, Malaysia, and Thailand. This increased demand for meat protein has stimulated meat production in the region, where compound feed consumption has increased and is predicted to continue at a healthy rate. The Asia Pacific is also the major global milk and milk products producing region. Countries like India contribute the majority of the share in the dairy industry of Asia Pacific, aiding the market growth further.
Market Segmentations
Compound feed is a feed that contains a high concentration of compound components, which serves to improve the nutritional value of animal feed. Compound feed effectively ensures the quality and food supply of livestock and aquaculture operations. In other words, complex feed gives adequate nutrition to cattle and domestic animals.
Based on animal type, the market is divided into:
- Poultry
- Ruminants
- Aquaculture
- Swine
- Others
The various ingredients in the compound feed market are:
- Cakes and Meals
- Cereals
- Supplements
- Vitamins
- Amino Acid
- Enzymes
- Prebiotics and Probiotics
- Acidifiers
The regional markets for compound feed can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
Increase in the Demand for Meat and Dairy Products Propelling the Market Growth
The significant increase in the demand for meat and dairy products has given rise to livestock rearing and animal husbandry. The need for appropriate nutrition for animal development is also increasing, fuelling the demand for compound feed for different livestock. The growth of domestic and international food and restaurant chains, the growth of the organised livestock sector in developing countries, and the increasing awareness of precision nutrition techniques have led to the increased consumption of compound feed. Also, the growing livestock population, rising prevalence of animal diseases, and increased population, particularly in developing nations, will be important factors stimulating the global compound feed market. However, the fluctuating raw materials prices across the globe and stringent regulations in developed countries may restrict the market growth. The growing rate of industrialisation and rising focus on the advancements and enhancements in the production techniques are other important factors fostering market growth.
In addition, growing support by the government to strengthen the agricultural sector and increasing focus on adopting high-quality animal feed will further create lucrative and remunerative growth opportunities for the market.
Key Players in the Global Market for Compound Feed
The report gives a detailed analysis of the following key players in the global compound feed market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- ForFarmers N.V.
- Roquette Frères.
- Darling Ingredients Inc.
- De Heus Voeders B.V.
- Nutreco N.V
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Animal Type |
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| Breakup by Ingredient |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Compound Feed Market Analysis
8.1 Key Industry Highlights
8.2 Global Compound Feed Historical Market (2018-2023)
8.3 Global Compound Feed Market Forecast (2024-2032)
8.4 Global Compound Feed Market by Animal Type
8.4.1 Poultry
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Ruminants
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Aquaculture
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Swine
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Compound Feed Market by Ingredient
8.5.1 Cakes and Meals
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cereals
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Supplements
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.3.3 Breakup by Type
8.5.3.3.1 Vitamins
8.5.3.3.2 Amino Acid
8.5.3.3.3 Enzymes
8.5.3.3.4 Prebiotics and Probiotics
8.5.3.3.5 Acidifiers
8.6 Global Compound Feed Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Compound Feed Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Compound Feed Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Compound Feed Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Compound Feed Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Compound Feed Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ForFarmers N.V.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Roquette Frères.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Darling Ingredients Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 De Heus Voeders B.V.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Nutreco N.V
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Compound Feed Market: Key Industry Highlights, 2018 and 2032
2. Global Compound Feed Historical Market: Breakup by Animal Type (USD Billion), 2018-2023
3. Global Compound Feed Market Forecast: Breakup by Animal Type (USD Billion), 2024-2032
4. Global Compound Feed Historical Market: Breakup by Ingredient (USD Billion), 2018-2023
5. Global Compound Feed Market Forecast: Breakup by Ingredient (USD Billion), 2024-2032
6. Global Compound Feed Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Compound Feed Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Compound Feed Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Compound Feed Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Compound Feed Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Compound Feed Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Compound Feed Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Compound Feed Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Compound Feed Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Compound Feed Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Compound Feed Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Compound Feed Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Compound Feed Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 557.45 billion.
The market is projected to grow at a CAGR of 4.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 835.59 billion by 2032.
The major drivers of the market include the growth of domestic and international food and restaurant chains, increasing awareness of precision nutrition techniques, growing livestock population, rising prevalence of animal diseases, the growing rate of industrialisation, rising focus on the advancements and enhancements in the production techniques, growing support by the government to strengthen the agricultural sector, and increasing focus on the adoption of high-quality animal feed.
The significant increase in the demand for meat and dairy products and the growth of the organised livestock sector in developing countries are the key industry trends propelling the market growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on animal type, the market is divided into poultry, ruminants, aquaculture, and swine, among others.
The various ingredients in the market include cakes and meals, cereals, and supplements. Supplements are divided into vitamins, amino acids, enzymes, prebiotics and probiotics, and acidifiers.
The major players in the industry are ForFarmers N.V., Roquette Frères., Darling Ingredients Inc., De Heus Voeders B.V., and Nutreco N.V, among others.
Analyst Review
The global compound feed market attained a value of nearly USD 557.45 billion, driven by the significant increase in the demand for meat and dairy products. Aided by the growing support from the government to strengthen the agricultural sector and the growth of the organised livestock sector, the market is expected to grow at a CAGR of 4.6% in the forecast period of 2024-2032. The market is estimated to reach USD 835.59 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on animal type, the market is divided into poultry, ruminants, aquaculture, and swine, among others. The various ingredients in the market are cakes and meals, cereals, and supplements. Supplements are further divided into vitamins, amino acids, enzymes, prebiotics and probiotics, and acidifiers. The major regional markets for compound feed are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are ForFarmers N.V., Roquette Frères., Darling Ingredients Inc., De Heus Voeders B.V., and Nutreco N.V, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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