Market Leaders : Cargill, INC. and ADM are focusing on new Technology as well as expanding its Business to consolidate its Position in the Compound Feed Market
The global compound feed market size is valued at USD 521.3 billion in 2022 and is projected to reach USD 641.2 billion by 2027, recording a CAGR of 4.2%, in terms of value during the forecast period. The demand for compound feed has been increasing due to the increase in livestock rearing, growing demand for meat & dairy products, and increasing awareness regarding animal health & diseases.
Key players in this market include Cargill, Inc. (US), ADM (US), Charoen Pokphand Foods (Thailand), New Hope Group (China), Land O’Lakes (US), Nutreco N.V. (Netherlands), Alltech, Inc. (US), Guangdong Haid Group Co., Ltd (China), Weston Milling Group (Australia), and Feed One Co. (Japan).
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The key players are focusing heavily on improving their market shares, while their newer start-ups are being established rapidly in the market. The compound feed market can be classified as a competitive market with the top ten players accounting for a market share of 30-35%, at present at the global level. There are numerous local players in the form of existing and emerging companies in several countries, particularly in Asian markets.
Cargill, Inc. (US) is engaged in the manufacturing and marketing of food ingredients, agricultural products, industrial products, and services worldwide. The company operates in 67 different countries with its four major categories: food ingredients & application, animal nutrition & protein, origination & processing, and industrial & financial services. Cargill, Inc., operates with its subsidiaries and affiliates globally and offers a wide range of animal feed products catering to different livestock like cattle, swine, aquatic animals, etc.
ADM (US) is among the global leaders in animal nutrition. The company has a host of brands that caters to a range of livestock animals such as aquaculture, equine, pets, poultry, ruminants, and swine. ADM has a unique portfolio of products offering a host of specialty ingredients, premixes, blending, and feed products such as supplements, premixes, and custom ingredient blends to aid in optimizing animal health and nutrition goals.
Related Reports:
Compound Feed Market by Ingredient (Cereals, Cakes & Meals, By-products, and Supplements), Form (Mash, Pellets, and Crumbles), Livestock (Ruminants, Poultry, Swine, and Aquaculture), Source (Plant-based & Animal-based) & Region - Global Forecast to 2027
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