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Compound Feed Market Worth $530 Billion by 2022
Kentucky Ag Connection - 12/01/2017

According to the report "Compound Feed Market by Ingredient (Cereals, Cakes & Meals, By-products, and Supplements), Form (Mash, Pellets, and Crumbles), Livestock (Ruminants, Swine, Poultry, and Aquaculture), Source, and Region - Global Forecast to 2022", published by MarketsandMarkets, the market for compound feed, in terms of value, is estimated at $428.09 billion in 2017 and is projected to reach $530.92 billion by 2022, at a CAGR of 4.4 % from 2017.

Increasing demand for meat and dairy products and increasing focus on innovations in the animal husbandry sector have led to increased consumption of compound feed. Furthermore, the growth of domestic and international food chains and restaurants, growth in feed production and organized livestock sector in developing countries, and increasing awareness toward precision nutrition techniques are other factors driving the global Compound Feed Market growth.

The cereals segment accounted for the largest share during the forecast period.

In 2016, on the basis of ingredients, the cereals segment accounted for the largest share, in terms of both value and volume. Cereals are the major source of energy and are used in a higher quantity to fulfill the energy requirements of livestock. High energy diets majorly consisting of cereals and the increasing demand for high energy diets to enhance the performance of the livestock have resulted in the growth in the demand for cereals.

In 2016, the poultry segment accounted for the largest share of the Compound Feed Market, in terms of value, and is projected to grow at the highest CAGR from 2017 to 2022. There is an increasing demand for white meat across the globe as the demand for a high protein diet is increasing. This has led to an increase in the production of poultry, which has ultimately fueled the demand for poultry feed. Also, the increasing commercialization of poultry in the developing countries has driven the consumption of compound feed.

Asia Pacific is one of the largest producers of livestock and animal-based products in the world, with China being a major producer. Growing production, as well as the consumption of livestock and livestock-based products in this region, has enabled livestock producers to utilize compound feed. The major drivers in this region are growth in the regional population, rise in disposable incomes, and rapid urbanization, especially in China, India, and Japan, and continuous modernization in the feed industry. Apart from this, the increasing feed production and huge potential for the aquaculture segment have boosted the scope of compound feed in the region.

This report studies marketing and development strategies, along with the product portfolios of leading companies such as Cargill (US), ADM (US), New Hope Group (China), Charoen Pokphand Food (Thailand), Land O'Lakes (US), Nutreco (Netherlands), Guangdong Haid Group (China), ForFarmers (Netherlands), Alltech (US), Feed One Co. (Japan), J.D. Heiskell & Co. (US), and Kent Nutrition Group (US).

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