Brooklyn, New York, Sept. 19, 2023 (GLOBE NEWSWIRE) --
Compound-Feed-Market Report Overview
The Compound Feed Market report provides comprehensive insights into driving factors, restraints, opportunities, and trends, with provision of in-depth supporting information, data, and statistics and actionable insights. Though covered and provided extensively across the report, the data and information format are simple, yet dynamic in order to ensure ease of reading and understanding, as well as presenting and maximizing leverage and use. According to Market Data Library analysis, the Compound Feed Market was US$ 540.1 Million in 2023. Furthermore, the Compound Feed market to register a CAGR of 4.4 % which is expected to result in a market forecast value for 2031 of US$ 795.75 Million. Comprehensive analysis and insights into the global Compound-Feed market provide valuable information for businesses in the industry. Clarity and understanding of market trends help companies tailor their products to meet customer demands more effectively.
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Compound feed market share and revenues are provided in detail for previous years in order to showcase the evidence upon which our estimations and forecasts are based. Compound Feed Market growth rates and differences, as well as comparisons and relatable data are provided to further support all findings. Data points are provided for each year – from historical to end of forecast period – and this format is followed for each segment region and respective countries, as well as sub-segments and others.
Vital details of major companies in the market are provided in the company profile section of the report. Cover includes financials, recent developments, strategies, product launches, agreements, expansion, mergers & acquisitions, and others.
The Compound Feed Market report is segmented according to ingredient, form and Animal type and regions and countries. Regional segmentation includes North America (United States and Canada); Europe (Germany, United Kingdom, France, Italy, Spain, Russia, Poland, BENELUX, NORDIC, and Rest of Europe); Asia Pacific (China, India, Japan, South Korea, ASEAN, Australia & New Zealand, & Rest of Asia Pacific); Latin America (Brazil, Mexico, Argentina, & Rest of Latin America); Middle East & Africa (Saudi Arabia, South Africa, United Arab Emirates, Egypt, Israel, and Rest of MEA)
Compound Feed Market Trends Analysis and Insights
Global compounds feed market demand for quality food such as meat in increased with plant-originated foods:Such as cereals in Gulf Cooperation Council Countries, the region’s increased in protein-rich food is in line with the rising global trend of meat consumption, particularly healthy and organic produce with a bold branded and most often halal provenance. These changes in protein rich food consumption have led to large increases in the total demand and production for meat in these large countries and this trend is likely to continues.
Increased demand for meat drives the market: Protein-rich food and meat products are growing rapidly, due to increasinghealth-related concerns and the growing excessively income in the developing country like Saudi Arabia. The increasing demand for excessively meat has made an opportunity for feed manufacturers to build-up animal productivity. as a result, the use of feed additives has increased, consequently promoting compound feed and the expansion of the animal feed business.
What Factors Are Restraining Growth of Compound Feed Market?
Despite numerous favourable industry trends and development opportunities, some limitations and reasons are negatively affecting revenue growth. Some key factors are:
- Fluctuation Raw Material Prices: raw material prices like plant leaves and seeds have been experiencing fluctuations. The weather condition changes the major effect on the nutrient content, production plant based raw material prices such as soybean, corn and others. the animal by-product meals prices are also fluctuated with many changes in consumptions and productions of animal products and animals separately.
- Stringent Government Regulations: As reported by Adisseo’s report “how to cut down the cost of raw material “the prices of raw material growing acutely in 2020.for cereals and instance prices growing by 10% thus protein food increased by 20% and soybean oil prices observed increased by 8 to 10 %.the most prevalent standard for animal feed involves feed composition, feed hygiene safety measuring’s, import and exports, Genetically modified crop derived ingredients and official associated controls. Thus, if any mistake by feed manufacturer fail to complete with the requirements, the feed has not been given marketing approval.
- Trade Barriers: trade hurdles, which include tariffs, trade dispute and limitations on the import and export of feed ingredients, have come to be recognized as major roadblocks to the expansion of the compound feed business. These obstacles have a significant negative influence on the worldwide agriculture and animal factor upsetting supply chain and obstructing the free material of raw material required for the creation of compound feed.
- Labour Shortage: The market for compound feed has a substantial obstacle in the form of labour shortage. The lack of component workers farming operations might results in inefficiencies in compound feed manufacturing and distribution. According to the chairman of the livestock and poultry crop over then 600,000chicken has been killed on one farm that was unable to get feed sources to feed.
What are the Opportunities for Leading Compound-Feed-Market Manufacturers?
Some of the Opportunities for Leading Compound-Feed-Market Manufacturers are:
- Health And Wellness Trends: Manufacturer are developing feed with added functional ingredients that is further boosting animal health, reducingthe need of antibiotics and improving the nutritional profile of animal products in order to capitalize on the growing consumer demand for healthier meat and dairy products.
- Diversity In To Alternative Proteins: Investigating potential markets for alternative proteins sources, such as insect based or single-cell protein feeds, can put manufacturers at the forefront of the developing protein market.
- Global Expansion: Compound-feed market is propelling due to the rising demand for animal proteins among the consumers.
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Region-wise Analysis of Compound-Feed-Market
What are the Factors Driving the compound-feed market Demand in North America Region?
The expansion of the compound feed market in North America is primarily driven by factors such as the enhancement of meat quality and safety. Additionally, the surge in consumer awareness regarding the benefits of organic food and meat has further contributed to the growth. This heightened awareness has led to an increased demand for organic feed. While the utilization of antibiotics as growth promoters is prohibited by the North American government, innovative approaches have been adopted in the region to identify alternatives that can stimulate production and offer comparable benefits as antibiotics, all within a cost-effective framework.
What Fuels compound feed market Demand in Europe?
In Europe, strong demand for the compound feed market is evident in countries like the UK and Germany. This demand is primarily attributed to the growth in urbanization and a concurrent rise in meat consumption. The increasing awareness among consumers about the benefits of protein-rich food has also played a pivotal role in driving this trend. This heightened awareness has led to a larger population and subsequently, an increase in meat consumption.
What are the Factors Contributing to the Significant of Asia Pacific compound feed Market?
Within the Asia Pacific region, significant factors contribute to the prominence of the compound feed market. Notably, China and Japan are experiencing a rapid upswing in meat consumption, coupled with the ongoing trend of urbanization. The Asia Pacific region holds the distinction of hosting the most extensive market. Furthermore, it is projected that the role of Asia Pacific as the leading consumer of compound feed will continue in the coming years. Factors such as elevated incomes, amplified meat consumption, and enhanced meat production practices substantiate the region's dominance. The burgeoning population also factors into the burgeoning Asia Pacific compound feed market, as an increasing populace inherently translates to heightened meat consumption.
What are the Aspects that are Driving the compound feed Market in Latin America?
In the Latin American market, the escalating demand for meat plays a pivotal role in propelling the growth of the compound feed market. Additionally, the quality of meat and the push for industrialization are significant factors shaping the livestock industry. The burgeoning growth in the Latin American compound feed market is primarily driven by factors such as the rising consumption of meat. Recent outbreaks of livestock diseases have underscored the importance of ensuring safe and high-quality meat production, further contributing to the increased use of compound feed. C
What is the Stance on compound feed Market in Middle East and Africa?
In the Middle East and Africa, the compound feed market is witnessing expansion driven by the growing urban population. The increasing urbanization has led to a rise in demand for essential food items like eggs, meat, chicken, fish, and milk. To meet this demand, farms are required to rear a larger number of animals, such as fish, chicken, and cows. These animals require optimal nutrition to thrive, leading to the necessity for compound feed. As a result, the compound feed market in the Middle East and Africa is expanding, aligning with the region's focus on enhancing animal growth and farm productivity.
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Leading compound feed market Manufacturers & Competitive Landscape:
The compound feed market is highly competitive, with several key players vying for market share and actively engaging in strategic initiatives. These companies focus on product innovation, technological advancements, and expanding their product portfolios to gain a competitive edge. These companies are continuously investing in research and development activities to enhance their product offerings and cater to the evolving needs of customers in terms of efficiency, performance, and sustainability
Company List
- CP Group
- New Hope Liuhe
- Cargill
- Purina
- Wen’s Food Group
- Muyuan Foodstuff
- BRF SA
- ForFarmers N.V
- Tyson Foods
- Nutreco
Research Scope
| Report Metric | Report Details |
| Market size available for the years | 2021-2031 |
| Base Year | 2022 |
| Forecast Period | 2023-2031 |
| Compound Annual Growth Rate (CAGR) | 4.4% |
| Segment covered | Ingredient, Form, Animal Type and Regions. |
| Regions Covered | North America: The U.S. & Canada Latin America: Brazil, Mexico, Argentina, & Rest of Latin America Asia Pacific: China, India, Japan, Australia & New Zealand, ASEAN, & Rest of Asia Pacific Europe: Germany, The U.K., France, Spain, Italy, Russia, Poland, BENELUX, NORDIC, & Rest of Europe The Middle East & Africa: Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, and Rest of MEA |
| Fastest Growing Country in Europe | Germany |
| Largest Market | North America |
| Key Players | SINOYQX, Zhengzhou FoamTech Nano Material Co., Ltd, MNM Composites, BASF SE, Ecotone Systems Pvt. Ltd., Rong Yulong Technolog, Mitsui Chemicals, Inc., Nissan Chemical Corporation, CMS Danskin, Cornerstone and Linyi Yingke Chemistry. |
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Compound Feed Market Segmentation
By Type
- Ingredient
- Form
- Animal
By Ingredient
- Feed Cereals
- Cakes & Meals Animal By products
- Others
By Form
- Solid
- Liquid
By Animal Type
- Cattle
- Swine
- Poultry
- Aquaculture
By Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Poland
- Benelux
- Nordic
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- ASEAN
- Australia & New Zealand
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- Saudi Arabia
- South Africa
- United Arab Emirates
- Israel
- Rest of MEA
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Important Question Covered in this Report:
Q: What are some key factors driving revenue growth of the Compound Feed Market?
A: some key factors driving revenue growth of the Compound Feed Market are quality food such as meat in increased with plant-originated foods.
Q: What are some major challenges faced by companies in the Compound Feed Market?
A: some major challenges faced by companies in the Compound Feed Market are Fluctuation raw material prices and Stringent government regulations.
Q: How is the competitive landscape in the global Compound Feed market?
A: The market is competitive, with key players focusing on technological advancements, product innovation, and strategic partnerships. Factors such as product quality, reliability, after-sales services, and customization capabilities play a significant role in determining competitiveness
Q: What are the potential opportunities for companies in the Compound Feed Market?
A: Companies can leverage opportunities such as Health and wellness trends and Global Expansion.
Q: How is the Compound Feed Market segmented?
A: The market is segmented based on factors such as Ingredient, Form, Animal Type and Regions.
