Compound Feed Market Size & Share 2024 to 2032
Market Size by Ingredients (Cereals, Cakes & Meal, Animal By-Products, Additives, Supplements), by Form (Pellets, Mash, Crumbled), by Livestock (Poultry {Broilers, Layers, Breeders}, Ruminants, Swine, Aquaculture), & Global Forecast.
Report ID: GMI5481
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Published Date: March 2023
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Report Format: PDF
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Authors:
Kiran Pulidindi, Kunal Ahuja
Compound Feed Market Size
Compound Feed Market size was reached USD 450.5 billion in 2023 and is projected to witness 4.5% CAGR from 2024 to 2032.
Compound Feed Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
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.
COVID-19 Impact
The compound feed market globally was taken aback by the sudden onset of the COVID-19 pandemic as several nations banned the exports of grains, including ware, barley, soybeans, maize, wheat, etc., to other countries resulting in severe demand-supply issues in the animal feed industry. Organic feed producers had to bear the brunt of draconian lockdown measures imposed by China, a prominent supplier of organic soybean, to contain the viral spread during the crisis. The closure of international airports in several countries disrupted the animal feed value chain worldwide.
Additionally, the sudden closure of hotels and restaurants, coupled with a dramatic shift in consumption patterns, limited the demand and production of livestock and aquaculture, which further took a huge toll on the industry's growth. However, with the implementation of necessary measures, the industry is on its way to registering significant progression.
Compound Feed Market Trends
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 market demand.
Compound Feed Market Analysis
The mash form compound feed market is set to expand 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.
The cereals ingredients segment is likely to reach USD 280 billion by 2032, given the rich nutritional benefits offered by these ingredients. Cereals are rich in iron, carbohydrates, vitamins & dietary fibers, making them a preferred choice for compound feeds for different livestock. Besides, their high starch content serves as a source of energy in animal diets. The increasing concerns about maintaining healthy livestock will propel the segment gains.
The Asia Pacific compound feed market is predicted to exceed USD 275 billion by 2032, credited to the massive rise in human population in countries such as China and India and the increasing demand for meat protein, resulting in escalating animal farming practices. In addition, growing concerns pertaining to maintaining healthy livestock will amplify the consumption of compound feed in the region.
Compound Feed Market Share
Prominent participants operating across the compound feed market include For Farmers,:
Companies in this business vertical are focusing on boosting their strategic efforts to gain a strong foothold in the global market.
For instance, in September 2022, Roquette acquired Crest Cellulose, an excipient manufacturer based in India. Roquette, a provider of pharmaceutical and nutraceutical excipients and a prominent companies in the plant-based ingredients market, had previously, in 2018, acquired a majority share in Crest Cellulose. This latest move will enable Roquette to continue growing and suffice the increasing requirement for high-quality plant-based excipients globally. With the addition of Crest Cellulose as a wholly owned subsidiary, Roquette will be able to provide its international customer base with fully traceable, pharmacopeia-compliant, and premium-quality solutions to address the most challenging issues in drug delivery.
The compound feed market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Million tons and revenue in USD million from 2018 to 2032 for the following segments:
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Market, By Ingredients
Market, By Form
Market, By Livestock
The above information has been provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →