Compound Feed Market - Forecasts from 2018 to 2023
The global compound feed market was valued at US$262.83 billion in 2017 and is projected to expand at a CAGR of 3.21% over the forecast period to reach US$317.62 billion by 2023. Compound feed consists of nutrients in the form of animal or vegetable origin in adequate amount which is offered to high producing animals as a nourishing diet. These nutrients can be obtained from industrial processing of organic or inorganic substances. Cereals, vitamins, amino acids, antibiotics, colorants, amino acids are mixed in good proportion to feed the animals. The growth in global compound feed market is predominantly driven by elements such as more consumption of meat and aquatic products, requirement to maintain a certain quality and safety standards and proliferation of industrial livestock. The increased consumption of meat products is primarily influenced by factors such as rising disposable incomes and changing lifestyle patterns. However, factors such as price volatility of raw materials, accelerating administrative costs and different regulatory structures restrain the growth of this market. Geographically, the Asia Pacific Region will drive the compound feed market owing to the significant expansion in feed production and growing awareness about the quality of dairy products, meat and related products among consumers.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical region. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Compound Feed value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global Compound Feed market.
Major industry players profiled as part of the report are Archer Daniels Midland Company, Nutreco N.V., Cargill, Incorporated, Charoen Pokphand Foods PCL, Alltech among others.
The global Compound Feed market has been analyzed through following segments:
By Animal Type
Europe Middle East and Africa