The Compound Feed Market is a crucial sector within the global agriculture industry, responsible for producing nutritionally balanced feed for livestock and poultry. It plays a pivotal role in ensuring efficient animal husbandry practices and high-quality animal products for human consumption. This market encompasses a wide range of products, including pellets, granules, and meal, formulated to meet the specific nutritional requirements of various animal species, contributing significantly to the world's food security and the sustainability of livestock production systems.
The report " Global Compound Feed Market, By Ingredient (Cereals, Cakes and Meals, By-products, and Supplements), By Forms (Mash, Pellets, Crumbles, and Others), By Livestock (Ruminants, Swine, Poultry, Aquaculture, and Other), By Source (Plant-based and Animal-based), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Trends, Analysis and Forecast Till 2029’’
Key Highlights:
· In November 2019, Cargill opened a USD 34.0 million expansion of its Animal Nutrition and Health facility in Temple, Texas.
· In June 2019, Cargill and InnovaFeed entered a partnership through which the companies will develop, manufacture, and market insect protein-based fish feed to support the growing sustainable aquaculture.
Analyst View:
The compound feed market continues to exhibit promising growth prospects, driven by the increasing demand for animal protein, particularly in emerging economies, and the growing awareness of the importance of balanced animal nutrition. Innovations in feed formulations, sustainable sourcing of ingredients, and a focus on reducing environmental impacts are key trends shaping this market. However, challenges such as volatile raw material prices and regulatory constraints underscore the need for adaptability and strategic planning within the industry to sustain its growth trajectory.
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Key Market Insights from the report:
Global Compound Feed Market accounted for US$ 458.1 billion in 2020 and is estimated to be US$ 716.12 billion by 2030 and is anticipated to register a CAGR of 4.6%. Global Compound Feed is segmented into Ingredient, Forms, Source and region.
· Based on Ingredient, the Global Compound Feed Market is segmented into Cereals, Cakes and Meals, By-products, and Supplements.
· Based on Forms, the Global Compound Feed Market is segmented into Mash, Pellets, Crumbles, and Others.
· Based on Source, the Global Compound Feed Market is segmented into Plant-based and Animal-based.
· By Region, the Global Compound Feed Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Compound Feed Market:
The key players in the global Compound Feed Market includes Nutreco N.V, Cargill Incorporated, Smithfield Foods, Inc., BIOMIN Holding GmbH, Novus International Inc., Addcon Group GmbH, Adisseo France S.A.S, Tyson Foods, Inc., Kemin Industries Inc., BASF SE, DSM and Elanco Animal Health Inc.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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