Global Animal-Based Compound Feed Market Size, Share, Opportunities, And Trends By Livestock Type (Poultry Feed, Swine Feed, Cattle Feed, Aquaculture Feed, Pet Food), By Ingredients (Cereals, Oilseeds & Derivatives, Fishmeal, Additives), By Form (Pellets, Powder, Liquid), And By Geography - Forecasts From 2024 To 2029

The animal-based compound feed market is anticipated to expand at a high CAGR over the forecast period.

Compound feed is a mixture of several ingredients that are beneficial and suitable for animal consumption. It contains several ingredients such as grains, protein meals/cakes, agro-industrial byproducts, minerals, vitamins, and chunies. Animal-based compound feed is a type of animal feed that consists of animal-based ingredients.

Introduction:

Animal-based compound feed is a mixture of several animal-based ingredients and proteins, which include fishmeal, meat meal, poultry meal, egg-shell meal, hydrolyzed whole poultry, bone marrow, meal meat tankage, dried cow milk, whey products, dried cheese, and many others. Animal-based ingredients in animal feed increase the nutritional value of the compound feed, providing high-quality protein, several essential amino acids, energy in the form of fats and carbohydrates, and vitamins and minerals which include phosphorus and calcium. The increase in quality of protein consumed through animal feed increases the quality of the animal-based products in the market. This includes dairy products such as milk and cheese, poultry products such as meat and eggs, and other non-food products as well as wool, cashmere, leather, and many others. Hence, the global animal-based compound feed market is expected to witness a significant increase during the forecasted period of 2024-2029, with factors such as an increase in demand for animal protein affecting the market growth.

Market Drivers:

• Increasing demand for animal protein and meat production: The global human population is expected to grow at a high rate and is expected to reach 9.7 billion by 2050, with the global population already reaching 8 billion in 2022. Due to this, the increase in demand for animal-based protein will also display an increase. The factors that affect the increase in demand include the increasing population of human beings, increasing incomes, and changes in the standard of living. As per U.S. Soy, global meat production has shown immense growth from 70 million metric tons in 1961 to 335 million metric tons in 2018. The positive increase in the growth of global meat production can signify the increase in demand for animal-based protein as well. Additionally, as per the OECD-FAO Agricultural Outlook 2023-2032, the global average per capita demand for meat is expected to increase by 2% between 2020-22 to 2032.   The increase in meat production can be linked to the increase in demand for animal-based protein, which increases the production of animal husbandry. This increases the requirement of compound feed with animal-based ingredients and normal ingredients as well. Animal-based ingredients also help increase the nutritional value of animal feed by providing essential amino acids, fats, and proteins, which increases the quality of animal-based products such as cheese, milk, meat, eggs, and many others. This will, therefore, provide the necessary fuel to the animal-based compound feed market growth during the forecasted period of 2024-2029.

Key Players:

• Cargill, Incorporated: An American multinational company that is known for the production of agriculture-based products and solutions, which include food, ingredients, agricultural solutions, and industrial solutions, that can nourish the world safely and sustainably.
• Charoen Pokphand Foods PCL: A Thailand-based company that is known for the production of agro-industrial and integrated food products. Their operations include animal feed production, livestock breeding, trade, and processing.
• New Hope Group: A Chinese conglomerate that is known for the production of several products and services with applications in agriculture. Consumer goods, industrial resources, and real estate. They are known for being one of the leading producers of poultry, livestock, and animal feed products.

Regional Analysis:

The Asia Pacific region is expected to witness significant growth in the animal-based compound feed market during the forecasted period of 2024-2029. The factors that affect the market growth in this region is the increasing production of the overall compound feed. China accounts for the majority of the market share due to its immense production of compound feed. As per the International Feed Industry Federation, the global demand for animal feed is expected to grow by 60% by 2050, with an increase of animal proteins to be an estimated 1.7% per annum. Among the countries, China displayed the highest growth compared to other regions and occupies 20% of the compound feed production in the global market. Poultry feed displayed the highest percentage among the global feed production, with 44% of the total feed production categorized by species. The increase in global compound feed production will provide a significant boost to the market.

Following China, The EU region is expected to show an increase in growth as well during the forecasted period, occupying 13% of the global compound feed production during 2021. Animal feed that consists of animal-based ingredients will provide increased protein and nutrients to the animals, which in turn provide more animal protein and byproducts for human consumption. Due to this, the demand for animal-based protein in the market is also expected to increase. Hence, the increase in global compound feed production will have significant boosting effects on the animal-based compound feed market. This is due to the increase in the population of humans and the demand for animal protein, which leads to an increase in global feed production as well.

Market Developments:

• June 2023: Evonik announced the launch of their animal feed product dubbed Biolys®. This product contains a higher concentration of L-lysine (62.4%), which is an essential amino acid that can be acquired from animal sources such as red meat and plant sources such as legumes and wheat germ. The product contains several valuable components that were formed from the fermentation process, which enhanced the nutrients and energy acquired from the feed and further benefited livestock such as poultry and swine.

Segmentation:

• By Livestock Type:
  • Poultry Feed
  • Swine Feed
  • Cattle Feed
  • Aquaculture Feed
  • Pet Food
• By Ingredients:
  • Cereals
  • Oilseeds & Derivatives
  • Fishmeal
  • Additives
• By Form:
  • Pellets
  • Powder
  • Liquid
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others