Compound Feed Market Size, Industry Share Forecast Report

by Mit K. SEO

The compound feed market is experiencing dynamic growth, with key factors and trends influencing its landscape in 2023. As a crucial element in livestock and poultry nutrition, compound feed plays a vital role in meeting the increasing demand for animal-derived products. Several factors, including ingredient composition, livestock preferences, feed forms, and regional dynamics, contribute to the market's evolution.

Cereals Dominate the Ingredient Segment:

In 2023, cereals take the lead in the compound feed market's ingredient segment, holding the largest share in terms of value. Cereals, such as corn and wheat, are rich in carbohydrates and essential nutrients, making them valuable sources of energy for animals. Their widespread cultivation and accessibility worldwide, coupled with cost-effectiveness, position cereals as a dominant ingredient in compound feed formulations.

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Poultry Reigns Supreme in Livestock Segment:

The poultry segment claims the largest share in the compound feed market's livestock segment in 2023. The global demand for poultry products, driven by factors like affordability, versatility, and nutritional value, fuels the need for specialized poultry compound feed. Poultry, especially chicken, emerges as a standout choice for consumers globally, with a significant per capita consumption rate, as highlighted by OECD data.

Mash Form Leads the Way:

Among different feed forms, mash takes the forefront, capturing the largest share in the compound feed market. Mash feed, characterized by finely ground ingredients, offers a uniform texture that facilitates easy consumption and digestion, particularly beneficial for young or sensitive animals like poultry chicks and piglets. The enhanced nutrient absorption and improved overall performance in animals contribute to the popularity of mash feed.

Plant-Based Feed Gains Traction:

The plant-based segment emerges as a leader in the compound feed market's source category in 2023. With a focus on sustainability and environmental friendliness, plant-based animal feed, relying on crops like soybeans, corn, and wheat, gains preference over traditional feed containing animal by-products. Plant-based feed is perceived as a healthier option, providing a balanced mix of essential nutrients while mitigating the risks associated with animal-based feed.

Asia Pacific: A Powerhouse of Growth:

The Asia Pacific region takes center stage in the compound feed market, holding the largest share and exhibiting the fastest-growing market trends in 2023. With countries like China and India contributing to 60% of the global population, the region experiences continuous population growth, driving an escalating demand for animal-derived products. As incomes rise and dietary preferences evolve, the consumption of animal protein increases, propelling the expansion of the livestock and poultry sectors and, in turn, the demand for compound feed.

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Key Players Shaping the Industry:

Major players influencing the compound feed market include Cargill, Inc. (US), ADM (US), Charoen Pokphand Foods (Thailand), New Hope Group (China), Land O’Lakes (US), Nutreco N.V (Netherlands), Alltech, Inc. (US), Guangdong Haid Group Co., Ltd (China), Weston Milling Group (Australia), and Feed One Co. (Japan). These industry leaders contribute to the market's dynamism and play a pivotal role in shaping its future trajectory.

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Created on Dec 15th 2023 02:18. Viewed 94 times.

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