Sustaining Growth: Global Compound Feed Market Dynamics

The Business Research Company's Compound Feed Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 21, 2023 /EINPresswire.com/ -- The global compound feed market has exhibited robust growth, escalating from $444.2 billion in 2022 to $468.9 billion in 2023, with a commendable compound annual growth rate (CAGR) of 5.6%. Projections indicate a continued upward trajectory, with the market size expected to reach $573.93 billion by 2027, reflecting a sustained CAGR of 5.2%.

Navigating the Landscape: Segment Insights
1) By Ingredient: Cereals, Cakes and Meals, Byproducts, Supplements

2) By Form: Solid, Liquid

3) By Source: Plant Based, Animal Based

4) By Animal Type: Cattle, Swine, Poultry, Aquaculture, Other Animals

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Catalysts for Growth: Meeting the Demand for Meat and Aquaculture Products
The compound feed market is poised for expansion, primarily driven by the escalating demand for meat and aquaculture products. As a vital component designed for human consumption, meat products encompass various animal sources. Simultaneously, the commercial proliferation of aquatic plants and animals, known as aquaculture, has surged. Compound feed, enriched with essential nutrients, plays a pivotal role in ensuring the health of farmed fish, contributing to the heightened demand for meat and aquaculture products globally. According to a report from OECD iLibrary, worldwide animal protein consumption is anticipated to rise by 14% by 2030, compared to the period of 2018-2020.

Key Players and Innovations: Pioneering Progress
Prominent players in the compound feed market include Cargill Inc., The Archer-Daniels-Midland Company, New Hope Group, and Nutreco N.V. Notably, product innovation emerges as a significant trend, with companies actively developing novel products featuring unique attributes. For instance, Cargill introduced poultry feed infused with essential oils under its Nutrena brand, Naturewise. These oils contribute to enhanced egg production, size, and weight, along with improved palatability and a fresh aroma.

Regional Dynamics: Asia-Pacific Leading, South America Accelerating
In 2022, Asia-Pacific claimed the top spot in the compound feed market, with South America anticipated to exhibit the fastest growth in the forecast period. Comprehensive regional coverage includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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Compound Feed Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Compound Feed Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on compound feed market size, compound feed market drivers and trends, compound feed market major players, compound feed market competitors' revenues, market positioning, and compound feed market growth across geographies. The compound feed market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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