Compound Feed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Compound Feed Market is segmented by Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Other Animal Types), Ingredients (Cereal, Cakes and Meals, Byproducts, and Supplements (Vitamins, Amino Acids, Enzymes, Acidifiers, Probiotics and Prebiotics, and Other Supplements), and Geography (North America, Europe, Asia-Pacific, South America, and Africa).

Market Snapshot

global-compound-feed-market-industry_Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: South America
Largest Market: Asia Pacific
CAGR: 4.1 %

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Market Overview

The compound feed market was valued at USD 458.1 billion in 2020, and it is projected to register a CAGR of 4.1% during the forecast period (2021-2026). The increased demand for compound feed across the world is highly hampered by the COVID-19 pandemic, resulting in supply chain disruption restricting the product trade. This, therefore, is anticipated to continue further in case the restriction on logistics movement is extended to the third quarter of 2021.

Asia-Pacific accounts for a major share in the market, owing to the increased livestock population in the region. This is prompted by the growing demand for meat and aquaculture products, which is the major driving force behind the growth of the compound feed market. Increased awareness regarding quality meat, milk, and other dairy-related products and increased livestock production are two other factors augmenting the market's growth.

Ruminants are one of the major consumers of compound feed, with a prominent share, due to the high demand for beef around the world, followed by the poultry segment. Poultry and ruminants are expected to grow at a higher rate due to the changing dynamics of industrialization in the meat industry.

Scope of the Report

Compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances, or industrial processing, whether or not containing additives. The compound feed market is segmented by animal type (ruminants, poultry, swine, aquaculture, and other animal types), ingredients (cereal, cakes and meals, by-products, and supplements (vitamins, amino acids, enzymes, acidifiers, probiotics and prebiotics, and other supplements), and geography (North America, Europe, Asia-Pacific, South America, and Africa).

Animal Type
Ruminants
Poultry
Swine
Aquaculture
Other Animal Types
Ingredient
Cereals
Cakes and Meals
Byproducts
Supplements
Vitamins
Amino Acid
Enzymes
Prebiotics and Probiotics
Acidifiers
Other Supplements
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
France
Germany
Russia
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Thailand
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Egypt
Rest of Africa

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Key Market Trends

Growing Demand for Seafood and Meat Products

The worldwide economic downturn has had a very limited effect on the global meat market, which has maintained its positive outlook. The highest growth for meat consumption is expected from the Asia-Pacific and South American regions because of changing diet patterns, urbanization, population, and economic growth. For example, according to Agriculture and Agri-food Canada, the Chinese demand for meat continues to surpass the domestic supply. Fish are low in fats, cholesterol, and carbohydrates. Although not very high in protein, fish also provides essential vitamins and amino acids. The demand for seafood is increasing rapidly, as more people are becoming aware of the health benefits of fish consumption. Globally increasing population trends are also supporting the growth of the global meat and seafood market. Increasing life expectancy and limited availability of land and water resources for animal feed production and increasing use of these resources for food and ethanol production are increasing the demand for animal feed in the global meat industry.

Compound feed market

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Asia-Pacific Dominates the Market

The demand for meat protein is rising in the Asia-Pacific region, especially in China, India, Malaysia, Thailand, etc., with rapid economic growth in the region. This increased demand for meat protein has triggered meat production in the region, where uptake of compound feed has increased and is expected to show a healthy growth rate. Apart from improving nutritional value, compound feed is gaining importance for its role in meat quality improvement. In 2019, the Indian commercial feed industry largely catered to the poultry sector at around 70.0-75.0%, followed by aquaculture at 10.0-12.0%, dairy cattle at 10.0-15.0%. India's commercial feed production was at nearly 39.0 million metric ton during the same period. Poultry feed garners the highest share in the country’s feed production, accounting for nearly 24.9 million metric ton in 2019, followed by ruminants at 11.6 million metric ton, aquaculture at 2.3 million metric ton, and swine at 0.07 million metric ton. As the country holds a very minimal share in the swine population in the overall Asia-Pacific market, the African Swine Fever outbreak has not impacted the country’s feed industry. According to the Food and Agricultural Organization statistics data, in 2018, the country holds only 1.8% of the Asia-Pacific’s swine population. Driven by the target to improve self-sufficiency, the region is moving toward the inclusion of alternate feed ingredients, such as feed-grade rice, in livestock feed production.

compound feed market

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Competitive Landscape

The compound feed market is consolidated, with major players holding a significant share in the market. Charoen Pokphand Foods, Cargill Inc., Land O Lakes Purina, and ForFarmers are the major players in the market. Leading companies are focused on acquiring feed mills and small manufacturing for the expansion of the business in local and foreign markets. Some of the players have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. The leading companies focused on the expansion of the business across regions and setting up a new plant for increasing production capacity as well as a product line. The companies are also increasing the production capacities of their existing plants.

Recent Developments

  • In November 2019, Cargill opened a USD 34.0 million expansion of its Animal Nutrition and Health facility in Temple, Texas.
  • In June 2019, Cargill and InnovaFeed entered a partnership through which the companies will develop, manufacture, and market insect protein-based fish feed to support the growing sustainable aquaculture.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitutes

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Animal Type

      1. 5.1.1 Ruminants

      2. 5.1.2 Poultry

      3. 5.1.3 Swine

      4. 5.1.4 Aquaculture

      5. 5.1.5 Other Animal Types

    2. 5.2 Ingredient

      1. 5.2.1 Cereals

      2. 5.2.2 Cakes and Meals

      3. 5.2.3 Byproducts

      4. 5.2.4 Supplements

        1. 5.2.4.1 Vitamins

        2. 5.2.4.2 Amino Acid

        3. 5.2.4.3 Enzymes

        4. 5.2.4.4 Prebiotics and Probiotics

        5. 5.2.4.5 Acidifiers

        6. 5.2.4.6 Other Supplements

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Germany

        5. 5.3.2.5 Russia

        6. 5.3.2.6 Italy

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Thailand

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Egypt

        3. 5.3.5.3 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Charoen Pokphand Foods

      2. 6.3.2 Cargill Inc.

      3. 6.3.3 Land O Lakes Purina

      4. 6.3.4 Alltech Inc.

      5. 6.3.5 Archer Daniels Midland

      6. 6.3.6 ForFarmers

      7. 6.3.7 DeKalb Feeds

      8. 6.3.8 Kent Feeds

      9. 6.3.9 Weston Milling Animal Nutrition

      10. 6.3.10 Nutreco NV

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. AN ASSESSMENT OF THE IMPACT OF COVID-19

**Subject to Availability

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Frequently Asked Questions

The Compound Feed Market market is studied from 2016 - 2026.

The Compound Feed Market is growing at a CAGR of 4.1% over the next 5 years.

South America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Charoen Pokphand Foods, Cargill Inc., Alltech Inc., Archer Daniels Midland, Land O Lakes Purina are the major companies operating in Compound Feed Market.

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