Bharat Book Bureau Provides the Trending Market Research Report on “Global Compound Feed Market Research Report Forecast to 2023”
under Food category.
The report offers a
collection of superior market research, market analysis, competitive
intelligence and industry reports.
The growing
demand for animal-based products owing to the increasing demand for
high-protein food across the world is a key factor driving the growth of the Global
Compound Feed Market. A focus on animal nutrition and growth and the
need to improve animal performance are driving the growth of the market. In
developing countries, governments have taken initiatives to support the
commercialization of livestock farming, thereby, boosting the demand for
compound feed.
However,
the fluctuating raw material prices are affecting the profitability of
producers, which is restraining market growth. Moreover, stringent regulations
for animal feed safety, especially in the European Union, are expected to
hamper the growth of the global compound feed market during the review period.
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Regional
Analysis
Based on
region, the global compound feed market has been segmented into North America,
Europe, Asia-Pacific, South America, and the rest of the world. Asia-Pacific is
expected to be the largest market during the forecast period. The regional
market is estimated to reach USD 211.2 billion by 2023, registering a
CAGR of 4.21%. China is projected to account for the largest market share of
51.98% in 2018 and remain the largest market in Asia-Pacific during the
forecast period. The growth of the compound feed market in Asia-Pacific can be
attributed to various factors such as the rising population, increasing
inclination toward high-protein diets, and government initiatives to support
the commercialization of livestock farming. The market in Asia-Pacific is also
projected to register the highest CAGR of 4.21% during the forecast period.
Europe was
the second-largest market with a share of 24.98% in 2017. Germany is expected
to dominate the European compound feed market during the forecast period, while
the Spanish market is projected to register the highest CAGR of 4.78% from 2018
to 2023.
Segmentation
The global
compound feed market has been segmented on the basis of ingredient, supplement,
and animal type.
The global
compound feed market has been divided, by ingredient, into cereals, cereal
by-products, oilseed meals, oils, molasses, supplements, and others. The
cereals segment accounted for the largest market share in 2017 and is expected
to remain dominant during the forecast period. The supplements segment has
further been classified as vitamins, antibiotics, antioxidants, amino acids,
enzymes, acidifiers, and others.
Based on
animal type, the global compound feed market has been segmented into ruminant,
swine, poultry, aquaculture, and others.
Key
Players
The leading
players in the global compound feed market are Charoen Pokphand Foods PCL
(Thailand), Cargill, Inc. (US), Archer Daniels Midland Company (US), Land 'O
Lakes Inc. (US), ForFarmers NV (Netherlands), PT Japfa Comfeed Indonesia Tbk
(Indonesia), New Hope Group (China), COFCO (China), Nutreco NV (Netherlands),
Neovia Group (France), United Animal Health Inc. (US), Weston Milling Animal
Nutrition (Australia), and Feedone Co., Ltd (Japan).
Charoen
Pokphand Foods PCL is a leading player in the global compound feed market. The
company offers a wide range of compound feed products for all types of
livestock. It aims at increasing its market share through acquisitions and
expansions. To this end, the company built an aquafeed mill in India for shrimp
feed production in July 2018.
Target
Audience
• Compound
Feed Manufacturers
• Raw
Material Suppliers
•
Distributors, Retailers, and Wholesalers
•
E-commerce Industry
• Traders,
Importers, and Exporters
Key
Findings
• The
cereals segment of the global compound feed market, by ingredient, is expected
to account for the largest market share during the forecast period of 2018 to
2023. The supplements segment is projected to register the highest CAGR of
4.71% during the review period.
• The amino
acid supplements segment is expected to dominate the global compound feed
market during the review period owing to a focus on precision nutrition and ban
on antibiotics as growth promoters in many countries.
• The
poultry animal type segment is projected to be the largest owing to the
increasing demand for white meat. The segment is expected to register a CAGR of
4.15% during the forecast period.
Regional
and Country-Level Analysis of the Global Compound Feed Market: Developments and
Demand Forecast till 2023
As per our
analysis, the global compound feed market is estimated to reach USD 539.9
billion by the end of 2023 at a CAGR of 4.02% during the forecast period.
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