Compound Feed Market Size By Ingredients (Cereals, Cakes & Meal, Animal By-Products, Additives, Supplements {Vitamins, Enzymes, Acidifiers, Amino acids, Probiotics & Prebiotics}), By Form (Pellets, Mash, Crumbled), By Livestock (Poultry {Broilers, Layers,

Compound Feed Market Size By Ingredients (Cereals, Cakes & Meal, Animal By-Products, Additives, Supplements {Vitamins, Enzymes, Acidifiers, Amino acids, Probiotics & Prebiotics}), By Form (Pellets, Mash, Crumbled), By Livestock (Poultry {Broilers, Layers, Breeders}, Ruminants, Swine, Aquaculture), & Forecast, 2023 - 2032

Global Compound Feed Market is slated to expand substantially through 2032 owing to the severe outbreak of diseases in livestock which is in turn surging demand for high-nutrition feed. Moreover, the broad presence of livestock animals across the Asia Pacific countries has further helped bolster industrial growth.

Various animal feed producers are engaging in research and development initiatives to introduce high-quality and economical products that can help the compound feed market acquire a competitive edge in the animal nutrition industry.

Moreover, key market participants are heftily investing in introducing new and innovative supplements to improve the health of poultry animals. For instance, Evonik introduced its first probiotic supplement for poultry animals under the Ecobiol Fizz label in November 2020. The treatment, which comes in the shape of an effervescent tablet, can help to regulate the intestinal microbiota of broiler birds and chickens raised for laying, especially in stressful settings.

The compound feed market has been divided in terms of ingredients, form, ad region.

Based on ingredients, the additives segment is set to garner USD 81 billion valuation by 2032. Additives provide several advantages, including boosting the flavor of compound feeds, providing nutrients for animals, and improving livestock performance, all of which help the industry prosper.

Meanwhile, the supplements segment is projected to grow significantly through the forthcoming period. The compound feeds market is seeing increased demand for supplements owing to the fact that additional compound feeds can increase animal fertility, productivity, and skeletal development.

With respect to form, the crumbled segment is expected to grow exponentially over the review period. Crumbled compound meals have a large surface area and extend the life and productivity of hens. The increased global demand for poultry meat is set to foster segmental growth. As per credible sources, the total chicken consumption in 2021 had climbed to more than 120 million tons worldwide.

From the regional perspective, the Latin America compound feed market is estimated to grow at more than 4% CAGR from 2023 to 2032. A major shift in lifestyles as well as food consumption habits are contributing to the surging demand for dairy products in South America, eventually boosting the demand for compound feed. Furthermore, the market expansion can also be credited to the expanding research and development procedures for creating high-quality feeds.