(EMAILWIRE.COM, August 22, 2019 ) The Compound Feed Market was valued at USD 412.42 Billion in 2016 and is projected to reach USD 530.92 Billion by 2022, growing at a CAGR of 4.4% from 2017, in terms of value.

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.

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The cereals segment accounted for the largest share during the forecast period.”
In 2016, on the basis of ingredients, the cereals segment accounted for the largest share, in terms of both value and volume. Cereals are the major source of energy and are used in a higher quantity to fulfill the energy requirements of livestock. High energy diets majorly consisting of cereals and the increasing demand for high energy diets to enhance the performance of the livestock have resulted in the growth in the demand for cereals.

Poultry: The fastest-growing livestock in the compound feed market
In 2016, the poultry segment accounted for the largest share of the compound feed market, in terms of value, and is projected to grow at the highest CAGR from 2017 to 2022. There is an increasing demand for white meat across the globe as the demand for a high protein diet is increasing. This has led to an increase in the production of poultry, which has ultimately fueled the demand for poultry feed. Also, the increasing commercialization of poultry in the developing countries has driven the consumption of compound feed.

Asia Pacific accounted for the largest share of the global compound feed market
Asia Pacific is one of the largest producers of livestock and animal-based products in the world, with China being a major producer. Growing production, as well as the consumption of livestock and livestock-based products in this region, has enabled livestock producers to utilize compound feed. The major drivers in this region are growth in the regional population, rise in disposable incomes, and rapid urbanization, especially in China, India, and Japan, and continuous modernization in the feed industry. Apart from this, the increasing feed production and huge potential for the aquaculture segment have boosted the scope of compound feed in the region.

On the basis of ingredients, the supplements segment is projected to be the fastest-growing during the forecast period. The poultry segment is estimated to dominate the compound feed market on the basis of livestock through the forecast period. By form, the pellets segment dominated the market in 2016. On the basis of source, the plant-based segment accounted for the largest share of the compound feed market in 2016.

The compound feed market is highly fragmented, with leading companies accounting for only 15%–20% of the market growth. The report provides qualitative analysis of the prominent market players and their preferred development strategies. Key players such 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) have been profiled in the report. These leading players have adopted various strategies such as mergers & acquisitions, expansions, new product launches, partnership & agreements, collaborations & joint ventures, and investments & divestments to explore new and untapped markets, expanding in local areas of emerging markets, and developing a new customer base for long-term client relationships. This has not only enabled the key players to expand their geographical reach but has also reinforced their market position by gaining a larger share in terms of revenue and product portfolios.

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