Global Compound Feed Market Growth Analysis, Size, Trends, Source, Ingredient, Forecast 2018-2023
The global compound feed market was valued at USD 412.42 billion in 2018 and is projected to reach USD 530.92 billion by 2023, growing at a CAGR of 4.4% from 2017, in terms of value. In terms of volume, the market is projected to reach 1,159.39 MMT by 2023. The objectives of this study are to define, segment, and project the size of compound feed market based on ingredient, livestock, source, form, and key area. Increasing demand for meat and dairy products and increasing focus on innovations in the animal husbandry sector have led to increased consumption of compound feed. Furthermore, the growth of domestic and international food chains and restaurants, growth in feed production and organized livestock sector in developing countries, and increasing awareness toward precision nutrition techniques are other factors driving the global compound feed market growth.
This report includes the estimation of the market size for value (USD billion), and volume (MMT). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the compound feed market and to estimate the size of different other dependent submarkets in the total market. Key players in the market have been identified through secondary research (FAO, Bloomberg Businessweek, Factiva, and companies’ annual reports), and their market share is determined through primary and secondary research. All percentages, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
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Top Key Vendors:
Cargill, Purina Animal Nutrition, Tyson Foods, Kent Corporation, White Oak Mills, Wenger Group, Alltech, Hi-Pro Feeds, Alan Ritchey, Albers Animal Feed, Star Milling, Orangeburg Milling, BRYANT GRAIN COMPANY, PRESTAGE FARMS, Kalmbach, Mars Horsecare, Mercer Milling, LMF Feeds
Global compound feed market is expected to experience brisk growth due to animal-based food product consumption in the forecast period. Change in consumer dietary habits of meat and dairy products is estimated to contribute to the next eight-year period. This report studies marketing and development strategies, along with the product portfolios of leading companies such as Cargill (US), ADM (US), New Hope Group (China), Charoen Pokphand Food (Thailand), Land O’Lakes (US), Nutreco (Netherlands), Guangdong Haid Group (China), ForFarmers (Netherlands), Alltech (US), Feed One Co. (Japan), J.D. Heiskell & Co. (US), and Kent Nutrition Group (US)
Key regional markets include North America, Europe, Central & South America, Middle East & Africa, and Asia Pacific. Developed regions such as Europe dominated the global market owing to high demand for meat products in the recent past followed by North America.
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Table of Content:
Global Compound Feed Market Report 2018
Chapter 1: Industry Overview of Global Compound Feed Market
Chapter 2: Manufacturing Cost Structure Analysis of Global Compound Feed Market
Chapter 3: Technical Data and Manufacturing Plants Analysis of Global Compound Feed Market
Chapter 4: Overall Market Overview of Global Compound Feed
Chapter 5: Global Compound Feed Market Analysis
Chapter 6: Major Manufacturers Analysis of Global Compound Feed Market
Chapter 7: Development Trend of Analysis of Global Compound Feed Market
Chapter 8: Global Compound Feed Marketing Type Analysis
Chapter 9: Conclusion of the Global Compound Feed Market Report 2018
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