Compound feed contains various raw materials and supplements which are blended together. The proportion of raw materials in the blends varies according to animal species. The most common raw materials added are soybean, corn, barley, wheat, sorghum etc. Besides these the compound feed manufacturers also add supplements to enhance the quality of feed. The common supplements added are vitamins, minerals, amino acids, antibiotics, colorants etc. The global compound feed production is estimated to be around 950 million tones and the market is estimated to be worth USD 480 billion in 2013. The compound annual growth rate of the market in terms of volume is estimated to be 1.5% during the years 2014-2020. The compound feed additives market is expected to grow at the CAGR of 4.5% during the forecast period and is expected to reach USD 21,145 million by 2019. The factors driving the growth of the market are growing incomes in emerging economies like China, India, Brazil, Russia etc. Increasing consumption of meat and technological innovations in the meat processing industry are creating demand for high quality meat thereby driving the market for compound feed. Demographic factors like increasing number of double income families and economic strength both in developing and developed countries is driving the companion animal feed market. The increasing cost of raw materials is restricting the growth of the compound feed market but is driving the market for feed additives.