Form-Fill-Seal (FFS) Packaging Machine Market Forecasts to 2028 – Global Analysis By Product (Cups, Bottles, Cartons, Trays, Bags & Pouches, Sachets, Other Products), Equipment Type (Horizontal Form Fill Seal Equipment, Vertical Form Fill Seal Equipment,

Form-Fill-Seal (FFS) Packaging Machine Market Forecasts to 2028 – Global Analysis By Product (Cups, Bottles, Cartons, Trays, Bags & Pouches, Sachets, Other Products), Equipment Type (Horizontal Form Fill Seal Equipment, Vertical Form Fill Seal Equipment, Other Equipment Types), End User (Pharmaceuticals, Food and Beverages, Personal and Household Care, Other End Users) and Geography

According to Stratistics MRC, the Global Compound Feed Market is accounted for $522 billion in 2022 and is expected to reach $748.88 billion by 2028 growing at a CAGR of 6.2% during the forecast period. Compound feed is a mixture of fodder, additives, and other ingredients that gives the target animal the nutrition it requires. Pellets are provided by feed ingredients, which can be broken down for simple animal digestion. Due to the development in precision nutrition, organised livestock production, and increased demand for seafood, poultry, and meat, the compound feed market is expected to expand globally.

According to Food and Agricultural Organization (FAO), livestock sector accounts for nearly 40% of total agricultural output in developed nations and 20% in developing nations, thereby supporting livelihoods of 1.3 billion people globally. According to the FAO, the growth in global consumption of meat proteins over the next period is estimated to increase by 14% by 2030, compared to 2018-2020, propelled largely by population growth and income. Thus, the demand for compound feed is likely to increase owing to the surge in meat consumption and the huge demand for animal protein.
Market Dynamics:

Driver:

Rise in the adoption of modern techniques

Due to the need for cultivating land and maintaining appropriate circumstances, raising animals is expensive. It has been noted that there is less cropland available yet there are more livestock on each farm. Animal husbandry is now simple thanks to technology and technologies, which also offers farmers chances on the commercial front. Because traditional feed wasn't made specifically for cattle, the animals' overall growth didn't meet commercial standards. Farmers are becoming more aware of contemporary feeding procedures and how it is advantageous to them to boost their profitability as livestock management becomes more industrialised. Utilizing feed resources wisely in order to maximise the livestock's response to nutrients is known as precision animal nutrition.

Restraint:

Stringent government rules and regulations

Globally, the domestic animal husbandry business is expected to suffer in the near future as a result of strict government laws and restrictions. Industry vendors are constrained by regulatory standards, which slow the production of feed. Over the following eight years, it is anticipated that the growth will be further hampered by rising raw material costs.

Opportunity:

Rising focus on animal health and nutrition

Since healthy farm animals contribute to the eradication of hunger, sustainable food production, and healthy people, livestock farmers in both developed and developing countries place a high priority on enhancing the health of their livestock. Animal products are not only a source of food but also a source of money for many small farmers and animal owners in developing nations. The safety and quality of animal feed are also important considerations in order to satisfy domestic demand for high-grade, safe animal-derived commodities. The development of nutrient-efficient animals is greatly influenced by animal nutrition, which is important to the livestock business. By improving the health and welfare of farm animals, it also promotes the safety and nutritional value of animal products for human use.

Threat:

Fluctuating raw material prices

The global rise in raw material prices and the stricter government requirements in industrialised nations have a significant impact on the expansion of the compound feed business. The kind and quantity of feed raw materials used in animal feed are heavily influenced by their cost and nutritional value. The production, nutrient content, and price of plant-based raw materials like corn, soybeans, and others are significantly impacted by changes in the weather. With every change in the production and consumption of animals and their products, respectively, the cost of meals made from animal by-products also varies.

Covid-19 Impact

The livestock industry, especially the production of feed, was severely impacted by the spread of COVID-19. The abrupt closure of manufacturing facilities and limitations on transportation services had an impact on the production of feed. The supply of feed from one country to another was also hampered by the establishment of border control. Additionally, the ban on dining out resulted in a decrease in the use of meat products in restaurants and lodging facilities. In many nations around the world, the closure of schools, colleges, and offices also had an impact on the consumption of animal products including eggs, milk, and meat. Thus, the reduction in meat consumption caused by the closing of hotels, restaurants, and other lodging establishments (HRIs) had an adverse effect on feed output.

The cakes and the meals segment is expected to be the largest during the forecast period

The cakes and the meals segment is estimated to have a lucrative growth, due to the fact that cakes are manufactured using the oil-extracting process's leftover oil-seed waste. Due to its nutritious content, this compound feed market category is anticipated to hold the greatest market share. Since cakes are manufactured from oil seeds, they naturally have a high protein level. Cakes and meals prepared from oilseed residues have the most nitrogen, which accounts for 95% of their total nitrogen content.

The poultry segment is expected to have the highest CAGR during the forecast period

The poultry segment is anticipated to witness the fastest CAGR growth during the forecast period, due to growing demand for chicken and turkey will propel the expansion of this segment. The market is anticipated to rise in the next year due to an increase in the rearing of poultry animals across several nations. Since poultry is an excellent source of economical protein, the industry is anticipated to expand in the upcoming years. There is a higher demand for the poultry market because eating white meat has health benefits compared to eating red meat.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to high wages; the region produces a lot of animals and has a high meat consumption rate. The demand for meat, fish, and dairy products is high due to the economy's rapid growth, and this has caused these goods' consumption to increase quickly. The local meat and dairy industries are expanding to keep up with the high growth rate in consumption, which causes feed consumption to rise very quickly.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to an increase in the consumption of meat and meat products. The world's largest food industry is located in this area. Compared to other parts of the world, the need for meat and dairy products is substantially higher. The area also continually pursues research and development projects in tandem with the demand for higher-quality animal-based products. The need for compound feed is anticipated to increase in the near future in the region due to increased milk production as well as for animal husbandry or slaughter.

Key players in the market

Some of the key players profiled in the Compound Feed Market include Alltech, Inc, Charoen Pokphand Foods PCL, New Hope Group, Cargill, Inc., Land O’ Lakes, Guangdong HAID Group Co., Ltd., BRF, Tyson Foods, Inc, Nutreco, De Heus Animal Nutrition, ForFarmers, ADM, Godrej Agrovet, Ltd, Hueber Feeds, LLC, Nutreco N.V, Weston Milling Animal Group, Feed One Co., Muyuan Foodstuff Co., Ltd

Key Developments:

In May 2022, Cargill, Inc and Intelia entered into a strategic partnership to enhance broiler performance through a new precision management tool. The data from this digital platform would help maximize bird health and wellbeing, operational performance, and efficiency.

In January 2022, ADM opened an Aquaculture Innovation Lab at the Animal Nutrition Technology Center (ANTC) in Decatur, Illinois. The laboratory extends ADM’s international research and development capabilities to a new region, building on existing aquaculture research facilities located in Brazil, Mexico, and Vietnam. The new facility expands global capabilities to develop novel nutrition solutions.

In December 2021, Nutreco NV acquired Nutrimin which is a leading Danish producer of farm minerals, concentrates, and piglet feed. Nutrimin will become a part of Trouw Nutrition, which is Nutreco’s animal division. This acquisition will help Trouw to further expand its footprint in Danish farms in Eastern Europe and Russia.

In June 2021, CPF acquired C.P. Aquaculture, a food and beverage manufacturer, to increase its shareholding to 75%. CPA is involved in the manufacturing and distribution of shrimp feed. This acquisition will help Charoen Pokphand Foods to expand its shrimp feed business.

Ingredients Covered:
• By-Products
• Cereals
• Supplements
• Cakes & Meals

Sources Covered:
• Animal-Based
• Plant-Based

Forms Covered:
• Crumble
• Pellet
• Mash
• Other Forms

Livestock’s covered:
• Building Aquaculture
• Ruminants
• Poultry
• Swine
• Cattle
• Other Livestock’s

Supplements Covered:
• Enzymes
• Antioxidants
• Vitamins
• Acidifiers
• Vitamins
• Amino Acids
• Probiotics
• Other Supplements

Distribution Channels Covered:
• Business to business
• Business to consumers

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements