Market Share of Compound Feed Industry
The compound feed market is fragmented in nature with many small, medium, and big companies present at various levels - at national, international, and continental levels. Cargill Inc., New Hope Liuhe Co. Ltd, Guangdong Haid Group, Charoen Pokphand Foods, and Nutreco NV are the top five players in the market studied. Leading companies are focused on acquiring feed mills and small manufacturing for the expansion of the business in local and foreign markets. For instance, in June 2022, ADM has acquired a feed mill in Polomolok, South Cotabato, from South Sunrays Milling Corporation for providing a wide range of leading-edge products to meet Asia's demand for innovative and high-quality products in the animal nutrition market.
Some of the players have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. The leading companies are focused on expanding the business across regions and setting up new plants to increase production capacity and product lines. The companies are also increasing the production capacities of their existing plants.
Compound Feed Market Leaders
Cargill Inc
New Hope Liuhe Co. Ltd,
Guangdong Haid Group
Charoen Pokphand Foods
Nutreco NV
*Disclaimer: Major Players sorted in no particular order
