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Compound Feed Market Size By Ingredients (Cereals, Cakes & Meal, Animal By-Products, Additives, Supplements {Vitamins, Enzymes, Acidifiers, Amino acids, Probiotics & Prebiotics}), By Form (Pellets, Mash, Crumbled), By Livestock (Poultry {Broilers, Layers, Breeders}, Ruminants, Swine, Aquaculture), & Forecast, 2023 – 2032

  • Report ID: GMI5481
  • Published Date: Mar 2023
  • Report Format: PDF

Industry Drivers

Compound Feed Market size crossed USD 400 billion in 2022 and is poised to expand at over 4.5% CAGR from 2023 to 2032. The large livestock population across the Asia Pacific region is one of the leading factors driving the demand for compound feed.

Compound Feed Market

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Growing population and the subsequent rise in urbanization have resulted in the rising demand for quality animal-derived food products, including meat, milk, and eggs, favoring livestock production across the region. This will assist farmers in investing in livestock farming, thus, supporting the market for compound feed. Moreover, the shifting consumer inclination toward dietic nutrition and high protein consumption will positively influence the demand for animal products. Thus, to garner profits from the expanding the compound feed market, farmers will enhance their production capacity while improving the formulation of animal products by using compound feed. 

This apart, the growing consciousness regarding animal health will fuel the demand for livestock feed products, thereby supporting the compound feed market growth. The rising awareness & concerns regarding livestock diseases have accelerated the need for safe livestock nourishment practices for proper nutrition to enhance their health and protect them against various diseases. Crowded & dirty conditions on farms can result in more diseases among animals. These diseases can increase the risk of human infections, thereby augmenting the importance of compound feed for boosting animal immunity and improving their health.

Unstable raw material prices to restrain industry growth

However, fluctuations in raw material prices, including wheat, maize, soybean, and millet, may hinder industry profitability during the next ten years as it impacts the pricing & production of compound feed. The availability of these materials largely relies on their yield. The changing weather conditions and the excessive use of fertilizers for enhancing crop quality & yield lead to increasing costs of the end product, which may impede the compound feed market demand.

Mash feeds to become increasingly popular due to their well-balanced nutritional blend

Compound Feed Market Size By Form

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Based on the form, the compound feed market from the mash segment is anticipated to grow at 4.5% CAGR through 2032, due to the ability of mash feeds to enable uniform growth and reduce mortality losses. Mash feeds are finely ground and mixed, which makes it difficult for birds to separate their ingredients, thus providing a well-balanced diet with each mouthful. Besides, their relatively economical nature is likely to bolster the industry outlook.

Cereals to gain traction as a popular feed ingredient due to their rich nutritional composition

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market value of compound feed surpassed USD 400 billion in 2022 and is set to exhibit over 4.5% CAGR from 2023 to 2032, given the expanding livestock population across the Asia Pacific region and rising concerns pertaining to animal health.

The cereals segment is predicted to be worth over USD 280 billion by 2032, attributed to the high starch content and rich nutritional composition of cereals that support healthy livestock growth.

The compound feed industry share from the mash segment is primed to expand at over 4.5% CAGR through 2032, owing to the well-balanced composition of mash feeds and their relatively economical nature.

The compound feed market includes participation from firms such as ForFarmers, Archer Daniels Midland Company (ADM), Alltech, Cargill Incorporated, Roquette, Charoen Pokphand Group, Land O’ Lakes, Guangdong Haid Group, Feed One Co., Indian Broiler Group Pvt Ltd, and Kent Nutrition Group.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 11
  • Tables & Figures: 516
  • Countries covered: 22
  • Pages: 460
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