Compound Feed Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Compound Feed Market
The global compound feed market size was valued at USD 566.59 billion in 2023, and the market is now projected to grow from USD 583.03 billion in 2024 to USD 881.18 billion by 2032, exhibiting a CAGR of 5.30% during the forecast period (2024-2032).
During the COVID-19 pandemic, the compound feed market witnessed a negative impact on demand across all the global regions. The spread of covid had a appalling impact on the livestock sector, including feed products. The sudden shutdown of production facilities also affected the market. The outbreak hampered the worldwide compound feed market growth.
Feed is a mixture of animal as well as plant origin products that are fed to farm animals to provide essential nutrients. The surging animal production, rising intake of dairy and meat products, growing awareness on animal health and nutrients surge are the main diving factors of the compound feed market share.
Consumers across the globe are rather worried regarding the supply chain of feed because the impact of various feed components might also range and rely particularly on its origin and the way it is being manufactured. Surging call for sustainable feed and growing intake of animal protein is said to stimulate the growth of compound feed market in the upcoming years.
Comprehensive Analysis of Compound Feed Market
The compound feed market is remarkably growing at a fast pace owing to its market segmentation. These market segmentations are bifurcated into animal type analysis, form analysis, ingredient analysis, and region. Based on animal type analysis, swine segment takes lead. In terms of form analysis, solid form holds the largest market share. However, as per ingredient analysis, feed cereals dominate the compound feed market share
Based on regional analysis, the Asia Pacific regional market dominates the global compound feed industry. The region holds the highest market share in owing to high meat consumption and increased animal production. Additionally, countries such as India, China, and Indonesia are the top compound feed consumers of the region due to their population growth and high living standards.
The key market players are doing consistent developments in order to manufacture feed products that are cost efficient. The global compound feed market is currently dominated by New Hope group, Charoen Pokphand Foods PCL, and Cargill. Other market operators are continuously entering mergers and acquisitions so as to capture greater a greater marketplace share. These companies include, Charoen Pokphand Foods PCL – ( Thailand), New Hope Group – (China), Cargill, Inc. – (U.S.), Land O’ Lakes – (U.S.), Guangdong HAID Group Co., Ltd. – (China), BRF – (Brazil), Tyson Foods, Inc. – (U.S.), Nutreco – (Netherlands), De Heus Animal Nutrition – (Netherlands), ForFarmers – (Netherlands).
In July 2020, a Netherlands based esteemed compound feed enterprise, De Hues Animal Nutrition, signed an agreement with Golpasz, a Polish compound feed organization. As per the terms of said agreement, De Hues will acquire Golpasz’s manufacturing facility in Poland.
Segmentation Table
Compound Feed Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.30% from 2024-2032
Unit Value (USD Billions)
Segmentation By Animal Type, By Form, By Ingredient, By Geography
By Animal Type Cattle
Swine
Poultry
Aquaculture
Others
By Form Solid
Liquid
By IngredientFeed Cereals
Cakes & Meals
Animal B-Products
Others
By Geography North America (By Animal Type, Form, Ingredient, and Country)
- U.S.(By Ingredient)
- Canada (By Ingredient)
- Mexico (By Ingredient)
Europe (By Animal Type, Form, Ingredient, and Country)
- Spain (By Ingredient)
- Italy (By Ingredient)
- France (By Ingredient)
- Germany (By Ingredient)
- U.K. (By Ingredient)
- Rest of Europe (By Ingredient)
Asia Pacific (By Animal Type, Form, Ingredient, and Country)
- China (By Ingredient)
- India (By Ingredient)
- Japan (By Ingredient)
- Australia (By Ingredient)
- Rest of Asia Pacific (By Ingredient)
South America (By Animal Type, Form, Ingredient, and Country)
- Brazil (By Ingredient)
- Argentina (By Ingredient)
- Rest of South America (By Ingredient)
Middle East & Africa (By Animal Type, Form, Ingredient, and Country)
- South Africa (By Ingredient)
- Turkey (By Ingredient)
- Rest of Middle East & Africa (By Ingredient)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain and Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Qualitative Analysis Related to COVID-19
- 4.5.1. Impact of COVID-19 on the Market
- 4.5.2. Supply Chain Challenges amidst Pandemic
- 4.5.3. Potential Opportunities due to this Global Crisis
- 5. Global Compound Feed Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Ingredient
- 5.2.1.1. Feed cereals
- 5.2.1.2. Cakes & Meals
- 5.2.1.3. Animal By-Products
- 5.2.1.4. Others
- 5.2.2. By Form
- 5.2.2.1. Solid
- 5.2.2.2. Liquid
- 5.2.3. By Animal Type
- 5.2.3.1. Cattle
- 5.2.3.2. Poultry
- 5.2.3.3. Pigs
- 5.2.3.4. Aquaculture
- 5.2.3.5. Others
- 5.2.4. By Region
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East & Africa
- 6. North America Compound Feed Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Ingredient
- 6.2.1.1. Feed cereals
- 6.2.1.2. Cakes & Meals
- 6.2.1.3. Animal By-Products
- 6.2.1.4. Others
- 6.2.2. By Form
- 6.2.2.1. Solid
- 6.2.2.2. Liquid
- 6.2.3. By Animal Type
- 6.2.3.1. Cattle
- 6.2.3.2. Poultry
- 6.2.3.3. Pigs
- 6.2.3.4. Aquaculture
- 6.2.3.5. Others
- 6.2.4. By Country (Value)
- 6.2.4.1. U.S.
- 6.2.4.1.1. By Ingredient
- 6.2.4.1.1.1. Feed cereals
- 6.2.4.1.1.2. Cakes & Meals
- 6.2.4.1.1.3. Animal By-Products
- 6.2.4.1.1.4. Others
- 6.2.4.2. Canada
- 6.2.4.2.1. By Ingredient
- 6.2.4.2.1.1. Feed cereals
- 6.2.4.2.1.2. Cakes & Meals
- 6.2.4.2.1.3. Animal By-Products
- 6.2.4.2.1.4. Others
- 6.2.4.3. Mexico
- 6.2.4.3.1. By Ingredient
- 6.2.4.3.1.1. Feed cereals
- 6.2.4.3.1.2. Cakes & Meals
- 6.2.4.3.1.3. Animal By-Products
- 6.2.4.3.1.4. Others
- 7. Europe Compound Feed Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Ingredient
- 7.2.1.1. Feed cereals
- 7.2.1.2. Cakes & Meals
- 7.2.1.3. Animal By-Products
- 7.2.1.4. Others
- 7.2.2. By Form
- 7.2.2.1. Solid
- 7.2.2.2. Liquid
- 7.2.3. By Animal Type
- 7.2.3.1. Cattle
- 7.2.3.2. Poultry
- 7.2.3.3. Pigs
- 7.2.3.4. Aquaculture
- 7.2.3.5. Others
- 7.2.4. By Country (Value)
- 7.2.4.1. Germany
- 7.2.4.1.1. By Ingredient
- 7.2.4.1.1.1. Feed cereals
- 7.2.4.1.1.2. Cakes & Meals
- 7.2.4.1.1.3. Animal By-Products
- 7.2.4.1.1.4. Others
- 7.2.4.2. France
- 7.2.4.2.1. By Ingredient
- 7.2.4.2.1.1. Feed cereals
- 7.2.4.2.1.2. Cakes & Meals
- 7.2.4.2.1.3. Animal By-Products
- 7.2.4.2.1.4. Others
- 7.2.4.3. Italy
- 7.2.4.3.1. By Ingredient
- 7.2.4.3.1.1. Feed cereals
- 7.2.4.3.1.2. Cakes & Meals
- 7.2.4.3.1.3. Animal By-Products
- 7.2.4.3.1.4. Others
- 7.2.4.4. U.K.
- 7.2.4.4.1. By Ingredient
- 7.2.4.4.1.1. Feed cereals
- 7.2.4.4.1.2. Cakes & Meals
- 7.2.4.4.1.3. Animal By-Products
- 7.2.4.4.1.4. Others
- 7.2.4.5. Spain
- 7.2.4.5.1. By Ingredient
- 7.2.4.5.1.1. Feed cereals
- 7.2.4.5.1.2. Cakes & Meals
- 7.2.4.5.1.3. Animal By-Products
- 7.2.4.5.1.4. Others
- 7.2.4.6. Rest of Europe
- 7.2.4.6.1. By Ingredient
- 7.2.4.6.1.1. Feed cereals
- 7.2.4.6.1.2. Cakes & Meals
- 7.2.4.6.1.3. Animal By-Products
- 7.2.4.6.1.4. Others
- 8. Asia Pacific Compound Feed Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Ingredient
- 8.2.1.1. Feed cereals
- 8.2.1.2. Cakes & Meals
- 8.2.1.3. Animal By-Products
- 8.2.1.4. Others
- 8.2.2. By Form
- 8.2.2.1. Solid
- 8.2.2.2. Liquid
- 8.2.3. By Animal Type
- 8.2.3.1. Cattle
- 8.2.3.2. Poultry
- 8.2.3.3. Pigs
- 8.2.3.4. Aquaculture
- 8.2.3.5. Others
- 8.2.4. By Country (Value)
- 8.2.4.1. China
- 8.2.4.1.1. By Ingredient
- 8.2.4.1.1.1. Feed cereals
- 8.2.4.1.1.2. Cakes & Meals
- 8.2.4.1.1.3. Animal By-Products
- 8.2.4.1.1.4. Others
- 8.2.4.2. India
- 8.2.4.2.1. By Ingredient
- 8.2.4.2.1.1. Feed cereals
- 8.2.4.2.1.2. Cakes & Meals
- 8.2.4.2.1.3. Animal By-Products
- 8.2.4.2.1.4. Others
- 8.2.4.3. Japan
- 8.2.4.3.1. By Ingredient
- 8.2.4.3.1.1. Feed cereals
- 8.2.4.3.1.2. Cakes & Meals
- 8.2.4.3.1.3. Animal By-Products
- 8.2.4.3.1.4. Others
- 8.2.4.4. Australia
- 8.2.4.4.1. By Ingredient
- 8.2.4.4.1.1. Feed cereals
- 8.2.4.4.1.2. Cakes & Meals
- 8.2.4.4.1.3. Animal By-Products
- 8.2.4.4.1.4. Others
- 8.2.4.5. Rest of Asia Pacific
- 8.2.4.5.1. By Ingredient
- 8.2.4.5.1.1. Feed cereals
- 8.2.4.5.1.2. Cakes & Meals
- 8.2.4.5.1.3. Animal By-Products
- 8.2.4.5.1.4. Others
- 9. South America Compound Feed Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Ingredient
- 9.2.1.1. Feed cereals
- 9.2.1.2. Cakes & Meals
- 9.2.1.3. Animal By-Products
- 9.2.1.4. Others
- 9.2.2. By Form
- 9.2.2.1. Solid
- 9.2.2.2. Liquid
- 9.2.3. By Animal Type
- 9.2.3.1. Cattle
- 9.2.3.2. Poultry
- 9.2.3.3. Pigs
- 9.2.3.4. Aquaculture
- 9.2.3.5. Others
- 9.2.4. By Country (Value)
- 9.2.4.1. Brazil
- 9.2.4.1.1. By Ingredient
- 9.2.4.1.1.1. Feed cereals
- 9.2.4.1.1.2. Cakes & Meals
- 9.2.4.1.1.3. Animal By-Products
- 9.2.4.1.1.4. Others
- 9.2.4.2. Argentina
- 9.2.4.2.1. By Ingredient
- 9.2.4.2.1.1. Feed cereals
- 9.2.4.2.1.2. Cakes & Meals
- 9.2.4.2.1.3. Animal By-Products
- 9.2.4.2.1.4. Others
- 9.2.4.3. Rest of South America
- 9.2.4.3.1. By Ingredient
- 9.2.4.3.1.1. Feed cereals
- 9.2.4.3.1.2. Cakes & Meals
- 9.2.4.3.1.3. Animal By-Products
- 9.2.4.3.1.4. Others
- 10. Middle East & Africa Compound Feed Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Ingredient
- 10.2.1.1. Feed cereals
- 10.2.1.2. Cakes & Meals
- 10.2.1.3. Animal By-Products
- 10.2.1.4. Others
- 10.2.2. By Form
- 10.2.2.1. Solid
- 10.2.2.2. Liquid
- 10.2.3. By Animal Type
- 10.2.3.1. Cattle
- 10.2.3.2. Poultry
- 10.2.3.3. Pigs
- 10.2.3.4. Aquaculture
- 10.2.3.5. Others
- 10.2.4. By Country (Value)
- 10.2.4.1. South Africa
- 10.2.4.1.1. By Ingredient
- 10.2.4.1.1.1. Feed cereals
- 10.2.4.1.1.2. Cakes & Meals
- 10.2.4.1.1.3. Animal By-Products
- 10.2.4.1.1.4. Others
- 10.2.4.2. Turkey
- 10.2.4.2.1. By Ingredient
- 10.2.4.2.1.1. Feed cereals
- 10.2.4.2.1.2. Cakes & Meals
- 10.2.4.2.1.3. Animal By-Products
- 10.2.4.2.1.4. Others
- 10.2.4.3. Rest of Middle East & Africa
- 10.2.4.3.1. By Ingredient
- 10.2.4.3.1.1. Feed cereals
- 10.2.4.3.1.2. Cakes & Meals
- 10.2.4.3.1.3. Animal By-Products
- 10.2.4.3.1.4. Others
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Compound Feed Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2019
- 12. Company Profiles
- 12.1. Charoen Pokphand Foods PCL
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Land O'Lakes, Inc.
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Nutreco
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Tyson Foods, Inc.
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Cargill, Inc.
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. BRF
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. New Hope Group
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Guangdong HAID Group Co., Ltd.
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. De Heus Animal Nutrtion
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. ForFarmers
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Appendix
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