Global Compound Feed Market foreseen to cross USD 573 billion by 2025

Market overview:
The global Compound feed market was worth USD 528.9 billion in 2020, and it is estimated that it will reach a valuation of USD 573.31 billion by 2025 at a CAGR of 1.73% during the conjecture period.

Compound feeds refer to products obtained from canned supplements, in a fresh or natural state and mixtures of animal or vegetable products, or from industrial processes with or without additives. Corn, soybeans, sorghum, wheat and barley are one of the common raw materials that are used in combination with amino acids, minerals and vitamins as supplements or additives to produce complex feed.

Recent developments:
In 2019, Nutreco signed an acquisition agreement to acquire Cargill's Portugal-based compound feed business to strengthen Nanta, Nutreco's Iberian animal feed company, in the Portuguese market.
(https://www.nutreco.com/en/News/Press-releases/nutreco-signs-a-deal-to-acquire-cargill-s-compound-feed-business-in-portugal/1618097)

Market Drivers and Restrains:
The main factor driving the global compound feed market is the increased use of animal products for direct human consumption due to population growth and increased disposable income in developing countries. The compound feed industry plays an important role in the food chain by providing nutritious and sustainable food. Complex feeds are produced to provide livestock with the appropriate amount of nutrients that maximize livestock performance. The production and use of compound feed have evolved as consumer awareness has increased and the demand for healthy and safe animal foods has increased. The increase in disposable income is one of the main drivers of the increase in meat consumption. Several factors driving the global compound feed market are improved livestock performance and increased meat consumption.

The technological development of the compound feed manufacturing process improves the nutritional value and safety of compound feed. Increasing meat consumption is driving the compound feed market, mainly as a result of population growth. Since animal products are considered highly nutritious, demand is growing at a rapid rate. Animal products are increasingly becoming an important part of the human diet. The compound feed industry is undergoing a change as more and more modern methods are used in livestock systems to produce more for less. Complex feeds can be used in livestock production systems to meet demand. Compound feed composition is important because it affects the nutritional content of products of animal origin that are consumed directly by humans. Through the use of new technologies and advanced supply chain management strategies, the compound feed industry is going through exciting growth stages.

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Report is segmented as:
The compound feed market is segmented by product into poultry, livestock, swine, aquaculture and pet foods. Of these, swine feed is expected to have a significant market share due to increased pig production during the forecast period. The types of additives include amino acids, additives, vitamins, food acidifiers, antioxidant minerals, colorants, enzymes, and yeast. In recent years, amino acids have occupied the largest market share in the food additives segment. After the amino type, vitamins occupied the second highest market share. This trend is expected to be followed by vitamins in the compound feed market after seeing the highest growth rates in the amino acid industry in the near future.

Geographical Segmentation:
The market is geographically segmented into North America, Asia Pacific, Europe, Central and South America, the Middle East, and Africa. Developed countries like Europe have recently had a high demand for meat products, followed by North America and dominating the world market. Europe held the largest share of global industry revenue due to ongoing research and development initiatives, along with demand for better quality animal products. Emerging economies, including Asia Pacific and Latin America, are expected to experience positive growth due to increased consumption of meat and dairy products. Emerging economies such as India and China are expected to experience positive growth.

Impact of COVID 19 on Compound feed market
The terrifying COVID-19 pandemic has had a serious impact on the demand for animal feed. Countries like Romania, for example, have banned the export of cereals such as wheat, corn, soybeans, barley, etc. to non-EU countries, creating significant challenges for the compound feed industry.

Key market players:
Key players in the market include Cargill, Nutreco N.V, BIOMIN Holding GmbH, Smithfield, Addcon Group GmbH, Novus International Inc., Tyson, Adisseo France S.A.S, BASF SE, DSM, Kemin Industries Inc and Elanco Animal Health Inc.

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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