Selbyville, Delaware, March 08, 2021 (GLOBE NEWSWIRE) -- Credible estimates cite the global compound feed market size was remunerated at USD 469.29 billion in 2019 and is projected to record a y-o-y growth rate of 4.4% over the analysis timeframe, thereby accumulating USD 662.29 billion by the year 2027.
Worldwide compound feed market, as per the report, is survey based on segmentations like mode of livestock and ingredient terrain. Insights about the micro-markets based on regional landscape is given, alongside the catalysts at play in these regions, and their revenue contribution. Moreover, competitive hierarchy of the marketplace is elaborated with information about the business profile, product portfolio, and profitable tactics for each company.
An upsurge in demand for aquaculture products and meat, in consort with improved cognizance regarding the quality of food commodity are stimulating the industry outlook. According to Food & Agriculture Organization, worldwide meat export raised 4% from 2018, reaching 36 MT in 2019. Likewise, China meat import surged by 62% in 2019.
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For the unversed, compound feed is essential for providing right nutrients to animals, hence is used for livestock. It is prepared as mixture of raw materials, which are sourced from soybean, sorghum, wheat, barley, and corn, with additives like vitamins, minerals, and amino acids. Notably, compound feed aids in maintaining the health of livestock, hence improving the quality of animal products.
Consumer inclination towards animal-based protein, increased consumption of dairy products, and inflowing investments towards research & development in livestock field are augmenting the worldwide compound feed market share expansion.
On the contrary, proliferating trend of vegan diet, awareness about infectious diseases arising from animal-based food products, and strict regulations regarding medication of feed additives are acting as arrestors for the global compound feed industry sphere.
Enlisting market segmentation:
Based on livestock type, the market is fragmented into swine, poultry, ruminants, and others. While the ingredients considered in the analysis report are supplements, by-products, cakes & meals, and cereal.
Geographical outlook:
As per the report, North America, Latin America, Europe, and Asia Pacifica are the key contributors towards the global compound feed market valuation. However, Asia Pacific market generated substantial revenues in the recent past and is slated to grow tremendously over 2020-2027, attributable to consumer demand for meat protein for high nutritional value, in consort with adoption of compound feed among manufacturers to maintain animal health, and favorable regulatory scenario.
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Global Compound Feed Market by Mode of Livestock (Revenue, USD Billion, 2017-2027)
- Swine
- Poultry
- Ruminants
- Others
Global Compound Feed Market by Ingredient Ambit (Revenue, USD Billion, 2017-2027)
- Supplements
- By-Products
- Cakes & Meals
- Cereals
Global Compound Feed Market by Mode Regional Landscape (Revenue, USD Billion, 2017-2027)
Europe
- France
- UK
- Germany
- Spain
- Italy
- RoE
Asia Pacific
- India
- Australia
- Japan
- South Korea
- China
- RoAPAC
North America
- US
- Canada
Latin America
- Brazil
- Mexico
RoW
Global Compound Feed Market by Mode Competitive Hierarchy (Revenue, USD Billion, 2017-2027)
- Feed One Co. Ltd.
- Alltech Inc.
- ForFarmers N.V.
- Guangdong Haid Group Co. Ltd.
- Nutreco N.V.
- Land O'Lakes Inc.
- Charoen Pokphand Group
- New Hope Group
- ADM (Archer-Daniels-Midland Company)
- Cargill Inc.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Compound Feed Market, by Region, 2018-2027 (USD Billion)
1.2.2. Compound Feed Market, by Mode of Livestock, 2018-2027 (USD Billion)
1.2.3. Compound Feed Market, by Ingredients, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Compound Feed Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Compound Feed Market Dynamics
3.1. Compound Feed Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Compound Feed Market Industry Analysis
4.1. Porter's 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Compound Feed Market, by Mode of Livestock
5.1. Market Snapshot
5.2. Global Compound Feed Market by Mode of Livestock, Performance - Potential Analysis
5.3. Global Compound Feed Market Estimates & Forecasts by Mode of Livestock 2017-2027 (USD Billion)
5.4. Compound Feed Market, Sub Segment Analysis
5.4.1. Ruminants
5.4.2. Poultry
5.4.3. Swine
5.4.4. Others
Chapter 6. Global Compound Feed Market, by Ingredients
6.1. Market Snapshot
6.2. Global Compound Feed Market by Ingredients, Performance - Potential Analysis
6.3. Global Compound Feed Market Estimates & Forecasts by Ingredients 2017-2027 (USD Billion)
6.4. Compound Feed Market, Sub Segment Analysis
6.4.1. Cereals
6.4.2. Cakes & Meals
6.4.3. By-products
6.4.4. Supplements
Chapter 7. Global Compound Feed Market, Regional Analysis
Related Report:
North America Specialty Animal Feed Additives Market Size, Industry Analysis Report, Application Development, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
North America specialty animal feed additives market size is slated to witness notable growth in the near future, as per new research report. Feed additives are added to animal and livestock feed to provide additional nutrients such as vitamins, minerals, fatty acids and amino acids. These additives play a critical role in animal nutrition as livestock producers explore natural and sustainable ways to improve performance, optimize feed conversion, enhance gut health, and reduce the use of or replace antibiotic growth promotors. In recent years, the demand for less toxic copper sources in animal feed additives has increased. As a result, tribasic copper chloride is anticipated to witness a significant demand in the forthcoming years. On the other hand, DCAD products held about 1.72% of specialty animal feed additives market share in North America in 2019, and the demand expected to grow notably during the forecast period.
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