Compound Feed Market Size To Expand at a Notable CAGR Of 4.02% During 2018 - 2023 :

Pune, India, March, 2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Compound Feed Market.

Market Outline

Market Research Future (MRFR), after careful analysis, predicts that the global compound feed market is on its way to reach the valuation of USD 539.9 billion by 2023. Also, it will be clocking in a CAGR of 4.02% during the forecast period (2018-2023).

Growth Drivers and Key Restraints

The global compound feed market will be observing a brisk growth pattern in the coming years, on account of the increase in animal-based food product consumption across the globe. The evolving customer dietary habits with regard to meat and dairy products quality is set to contribute massively to the compound feed market growth from 2018 to 2023.

Moreover, there are numerous advantages associated with compound feed, including high meat product quality, cost-effective nutrition enhancement as well as food nutritional quality. Plus, it helps improve the feed quality which benefits animal’s health substantially.

Apart from this, the surging animal-based food consumption around the world in the recent past is expected to augment the demand for the industry. Not just this but the ever-rising demand for dairy products will also result in the tremendous industry growth in the years to come. With the growing meat consumption observed around the world, the compound feed industry will note massive demand for better quality meat. Also, the livestock diseases outbreak in the past couple of years will prompt various meat and dairy product vendors to make use of the product as well as additives for livestock quality along with health assurance. However, the fluctuating prices of raw materials like barley and wheat could leave a negative impact on the growth of the market. On the plus side, rapid industrialization coupled with enhanced processed meat equipment, there will be a striking surge in the meat production. This factor will most likely shape the positive outlook for the compound feed market in the near future.

Market Opportunities

Rising Popularity of Organic Feed

Organic feed refers to a type of feed which is produced using the methods that have been outlined as per the standards of organic farming. Simply put, organic means that the ingredients in the feed cannot be genetically modified, cannot be fertilized with chemical fertilizers or treated with fungicides, pesticides and insecticides.

Thus, owing to these reasons, there has been a sharp rise in the popularity of organic feed, which has given way to growing trend of vertical integration (contract farming), leaving a major impact on the compound feed market growth at a global level. Moreover, growing expenditure for advertising organic feed product is expected to assist the industries in creating opportunities, thereby expanding the market share for compound feed market.

Browse Complete Report Details @ https://www.marketresearchfuture.com/reports/compound-feed-market-5384

Market Segmentation

The market for compound feed is segmented on the basis of ingredient, supplement, and livestock.

Ingredient-wise, the market is considered for cereals, cereal by-products, oilseed meal, oils, molasses, supplements, and others. Among these, cereals accounted for roughly 37.44% market share in 2017, with it expected to register a CAGR of 3.48% and also reach the valuation of USD 195.9 million by 2023. The primary reason behind the strong growth of the segment can be the abundance of raw materials like corn and sorghum that are required for producing cereals. Furthermore, oilseed meals accounted for almost 28.32% of the market share in 2017, with the expected growth at a CAGR of 4.45% and attaining the valuation of USD 156.7 million by 2023. Various studies being conducted that promote the use of oilseed meals on account of the presence of glucosinolate will help the segment grow at a rapid pace. As oilseed meals have been found to eliminate cancer cells, the demand will most likely surge among farmers in the coming years. In addition, in 2017, supplements held approximately 13.28% share, and will depict the highest CAGR of 4.71%, whilst reaching the valuation of close to USD 74.6 million by 2023. The strong growth trajectory is the outcome of the steady inclusion of compound feeds in livestock diet that improve their overall well-being.

The compound feed market, supplement-wise, is fragmented into vitamins, antibiotics, antioxidants, amino acids, enzymes, acidifiers, and others. Out of these, amino acids accounted for close to 23.91% of the total share in 2017, trailed by antioxidants (16.83%), and acidifiers (11.83%). Amino acids will be exhibiting a growth rate of 5.31%, garnering close to USD 18.5 billion by 2023. Growing preference for protein-based foods is leading to the striking growth of the segment. However, enzymes will showcase the second-highest CAGR of 5%, accruing close USD 8.4 billion by the end of the forecast period. Growing awareness about the benefits of enzymes such as ease in digestion as well as well-being of animals will help in facilitating the growth of the segment in the near future. whereas, antioxidants have the potential of depicting a CAGR of 4.25%, set to reach the valuation of USD 12.2 billion by 2023.

Based on the livestock, the market caters to ruminants, aquaculture, poultry, swine, and others. Out of all these, poultry governed a substantial share of 39.01% in 2017, with swine just behind holding 24.17% of the total share. Also, poultry will exhibit a CAGR of 4.15% during the review period, with the predictions of it garnering almost USD 212.2 billion by 2023. But it is the segment of aquaculture that will be surging at the highest CAGR of 4.38% and will be estimated at USD 65.7 billion by 2023.

Regional Analysis

The regional analysis of the global compound feed market has been done in South America, Europe, North America, Asia Pacific (APAC), as well as the Rest-of-the-World (RoW).

The report states that APAC accounted for approximately 38.69% share in 2017, with Europe behind it accruing 24.98% of the share, North America (21.34%), South America (11.78%), and at last, RoW with 3.21% of the total market share.

The compound feed market in North America will showcase a lucrative growth pattern at a growth rate of 3.80%. The regional market will be attaining the valuation of close to USD 113.8 million by 2023, as a result of the presence of a number of feed mills in the United States (U.S.) and Mexico. Plus, the surging demand for seafood paired with the high requirement for compound feeds that cater to the diets of broilers will benefit the market to a large extent.

The Europe market is set to register a CAGR of 4.07%, and will be worth the value of USD 135.2 million by 2023 among all the regions. Countries like Spain, France, Russia and Germany are backing up the lavish growth of the region, owing to the presence of top compound feed producers. Additionally, the growing use of supplements for livestock farming will give a significant push to the growth of the regional compound feed market.

Asia Pacific, on the other hand, will clock in a CAGR of 4.21%, with the estimated value to be around USD 211.2 million by 2023. The region notes a high rate of meat consumption, which will most likely give way to the rise in demand for compound feeds. Moreover, the growing focus on swine and fish production will turn the regional market into a profitable venture in the forthcoming years.

Lastly, South America is touted to be a strong contender, exhibiting a CAGR of 3.88% and on its way to achieve the valuation of USD 63.1 million by 2023. Whereas, RoW will be registering a CAGR of 3.26% CAGR and will be estimated at USD 16.6 million by 2023.

Top Vendors

The top vendors in the global compound feed market are United Animal Health Inc. (U.S.), Land 'O Lakes Inc. (U.S.), Nutreco NV (The Netherlands), Weston Milling Animal Nutrition (Australia), COFCO (China), Neovia Group (France), Feedone Co., Ltd. (Japan), Cargill Inc. (U.S.), New Hope Group (China), Charoen Pokphand Foods PCL (Thailand), ForFarmers NV (The Netherlands), Archer Daniels Midland (ADM) Company (U.S.), PT Japfa Comfeed Indonesia Tk (Indonesia), among others.

Industry Update

March 2019 – Paris-based Ÿnsect, an agtech startup, has developed a type of protein by breeding various insects, followed by their transformation into premium protein for pet food, organic plant fertilizers as well as fish feed. The company will be building the world’s largest insect farm in Amiens Metropole, Northern France, in addition to the expansion in international markets, targeting the North American market in particular.