The compound feed market is estimated at USD 541.2 billion in 2023 and is projected to reach USD 668.3 billion by 2028, at a CAGR of 4.3% from 2023 to 2028.
The demand for compound feed is expected to rise with the growth in the global population and rising income levels, which has led to an increased demand for animal protein, such as meat, eggs, and dairy products. This demand drives the need for compound feed to support efficient animal production and meet protein requirements.
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The increasing awareness about the nutritional benefits of compound feed has led to a surge in demand for compound feed-based nutritional supplements for livestock. The expansion of the livestock industry, including poultry, swine, cattle, and aquaculture, is a major driver for the compound feed market. As the livestock industry grows to meet the rising demand for animal products, the demand for compound feed also increases.
Cargill, Incorporated (US)
Cargill, Incorporated is a global agricultural and food processing company that has established itself as a major player in the compound feed market. With a rich history spanning over 150 years, Cargill has grown into one of the largest privately held corporations in the United States. Cargill's compound feed business operates as part of its Animal Nutrition & Protein segment, which offers a diverse range of animal feed, premixes, feed additives, and nutritional solutions.
The company serves various animal production sectors, including poultry, swine, aquaculture, cattle, and dairy. Cargill's commitment to innovation and sustainability has positioned it as a trusted partner in meeting the evolving demands of the compound feed market.
ADM is a renowned global agricultural company that plays a pivotal role in providing a wide range of products and services across the entire food and feed supply chain. With a legacy of over a century, ADM has evolved into a trusted partner for farmers, processors, and consumers worldwide. ADM places a strong emphasis on innovation and research in animal nutrition. The company invests in state-of-the-art research and development facilities to develop cutting-edge feed formulations, nutritional supplements, and feed technologies. Through collaborations with universities, research institutions, and industry partners, ADM stays at the forefront of scientific advancements, driving continuous improvement in animal feed solutions.
Charoen Pokphand Foods PCL (Thailand)
Charoen Pokphand Foods PCL has grown exponentially and transformed into a diversified conglomerate with operations in more than 20 countries across Asia, Europe, and the Americas. CPF's business portfolio encompasses the entire food production chain, from animal feed manufacturing to farming, processing, and distribution. Charoen Pokphand Foods PCL has emerged as a dominant player in the compound feed market, offering innovative and sustainable solutions to meet the nutritional needs of various animal species. As the global demand for animal protein continues to increase, Charoen Pokphand Foods CL's strategic approach, coupled with its focus on customer satisfaction and industry-leading practices, positions it for continued success in the highly competitive compound feed market.
Compound Feed Market by Ingredients (Cereals, Cakes & Meals, By-Products, and Supplements), Form (Mash, Pellets, Crumbles), Livestock (Ruminants, Poultry, Swine, and Aquaculture), Source (Plant-Based and Animal-Based), and Region - Global Forecast to 2028
Mr. Aashish Mehra
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