Kings Research™ presents this information in its report titled, "Compound Feed Market Share, Size & Industry Analysis, By Ingredient (Cereals, Cakes & Meals, Animal By-Products, Others), By Form (Solid, Liquid) and Regional Analysis, 2024-2031"
Compound Feed Market Share is valued at USD 534.07 billion in 2023 and is projected to reach USD 782.93 billion in 2031, growing at a CAGR of 5.09% from 2024 to 2031.
Top 15 Major Key Players:
Cargill, New Hope Liuhe, Guangdong Marine Group, Charoen Pokphand Foods, Nutreco NV, ADM, FeedOne, Kent Nutrition Group, Elanco Animal Health, Alltech
Browse Full Report Details @ https://www.kingsresearch.com/compound-feed-market-541
Industry Updates:
March 2021 – Paris-based agtech startup Ÿnsect breeds different insects to develop certain proteins, which are then transformed into premium proteins for pet food, organic plant fertilizer and fish feed. In addition to expanding into international markets, particularly targeting the North American market, the company plans to build the world's largest insect farm in Amiens Métropole in northern France.
The European market is expected to register a CAGR of 4.07% and reach a combined total size of $135.2 million by 2030. Countries such as Spain, France, Russia, and Germany are driving the rapid growth of this region due to the presence of top compound feed producers. Additionally, the increasing use of livestock supplements will contribute significantly to the growth of the compound feed market in this region.
Market Opportunities:
The growing popularity of organic feed
Organic feed refers to a type of feed that is produced using methods set out in accordance with the standards of organic agriculture. Simply put, organic means that the feed ingredients have not been genetically modified, have not been fertilized with chemical fertilizers, and have not been treated with fungicides, pesticides, or insecticides.
Due to these reasons, the popularity of organic feed is soaring and the trend of vertical integration (contract farming) is growing, significantly influencing the growth of the compound feed market at the global level. Moreover, the increase in advertising expenditure for organic feed products is expected to help the industry create opportunities and thus increase the market share of the compound feed market.
Market segmentation:
By Animal Types:
- Ruminants
- poultry
- pig
- other
Ingredients:
- serial
- Cake and food
- Animal By-Products
- others
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