Compound Feed Market Scope
Compound Feed is combination of different feed stuffs and ingredients which are used as nutritional requirement of domestic animals and livestock. Feed involves various raw materials soybean, corn, barley, rice, oats, barley, ragi, among others. It is manufacture according to different animals, their growth stage and requirement of nutrition’s. Increase in demand of animal-based food product and its need to be high in nutrition for consumption purpose, give drive to compound feed market
|Unit||Value (USD Million)|
|Key Companies Profiled||Cargill (United States), ADM (United States), New Hope Group (China), Charoen Pokphand Food (Thailand), Land O’Lakes (United States), Nutreco (Netherlands), Guangdong Haid Group (China), ForFarmers (Netherlands), Alltech (United States), Feed One Co. (Japan), J.D. Heiskell & Co. (United States), Kent Nutrition Group (United States), Smithfield (United States) and Novus International Inc. (United States)|
Compound feed market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain a high market share and establish their position in the market. Further, companies are focusing on developing innovative products like insect protein feed and solutions to improve quality, and enhance and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Cargill (United States), ADM (United States), New Hope Group (China), Charoen Pokphand Food (Thailand), Land O’Lakes (United States), Nutreco (Netherlands), Guangdong Haid Group (China), ForFarmers (Netherlands), Alltech (United States), Feed One Co. (Japan), J.D. Heiskell & Co. (United States), Kent Nutrition Group (United States), Smithfield (United States) and Novus International Inc. (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Compound Feed market by Type , by Application (Animal farm, Poultry, Aquaculture and Others) and Region with country level break-up.
On the basis of geography, the market of Compound Feed has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn November 2022, Nutreco acquired Mosegarden, a Denmark-based independent livestock nutrition supplier of mineral and animal health products for pigs and cattle. This acquisition helped Nutreco to expand its presence in the Denmark region and strengthen its position in the compound feed market.
In January 2023, Cargil and BASF expanded their partnership by adding the United States to their existing feed enzyme development and distribution agreement. These two companies worked on enzyme-based solutions in the feed market and generate animal feed customers. This agreement helped the company to strengthen its position in the compound feed market.
Influencing Trend:Increasing Demand for Feed Additives
Market Growth Drivers:Increasing Demand for Compound Feed in Animal Husbandry Practices, Growing Demand for Nutrition-Based Compound Feed and Rising Demand of Animal Based Food Products
Challenges:Lack of Skilled Workforce and Increasing Incidence of Fungal Growth in Feed
Restraints:Fluctuation in Raw Material Cost and Stringent Government Rules and Regulations
Opportunities:Rising Demand of Insect Protein for Feeding Livestock
Key Target AudienceCompound Feed Manufacturers, Raw Material Suppliers, Distributors, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others