How big is the Compound Feed Market?

The Compound Feed Market size is expected to reach USD 462.86 billion in 2024 and grow at a CAGR of 4.5% to reach USD 576.82 billion by 2029. Read More

What is the current Compound Feed Market size?

In 2024, the Compound Feed Market size is expected to reach USD 462.86 billion. Read More

Who are the key players in Compound Feed Market?

Cargill Inc, New Hope Liuhe Co. Ltd,, Guangdong Haid Group, Charoen Pokphand Foods and Nutreco NV are the major companies operating in the Compound Feed Market. Read More

Which is the fastest growing region in Compound Feed Market?

South America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Compound Feed Market?

In 2024, the Asia Pacific accounts for the largest market share in Compound Feed Market. Read More

What years does this Compound Feed Market cover, and what was the market size in 2023?

In 2023, the Compound Feed Market size was estimated at USD 442.93 billion. The report covers the Compound Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Compound Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Compound Feed Market Report | Industry Analysis, Size & Forecast Overview

Compound Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Compound Feed Market is Segmented by Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Other Animal Types), Ingredients (Cereal, Cakes and Meals, Byproducts, and Supplements (Vitamins, Amino Acids, Enzymes, Acidifiers, Probiotics and Prebiotics, and Other Supplements)), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts for compound feed in terms of value (USD million) and volume (thousand metric ton) for all the above segments.

Compound Feed Industry Overview

The compound feed market is fragmented in nature with many small, medium, and big companies present at various levels - at national, international, and continental levels. Cargill Inc., New Hope Liuhe Co. Ltd, Guangdong Haid Group, Charoen Pokphand Foods, and Nutreco NV are the top five players in the market studied. Leading companies are focused on acquiring feed mills and small manufacturing for the expansion of the business in local and foreign markets. For instance, in June 2022, ADM has acquired a feed mill in Polomolok, South Cotabato, from South Sunrays Milling Corporation for providing a wide range of leading-edge products to meet Asia's demand for innovative and high-quality products in the animal nutrition market.

Some of the players have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. The leading companies are focused on expanding the business across regions and setting up new plants to increase production capacity and product lines. The companies are also increasing the production capacities of their existing plants.