Compound Feed Market to Surpass US$116.05 Billion

Compound Feed Market to Surpass US$116.05 Billion | Cargill, Alltech, Nutreco NV, New Hope Liuhe

Сообщение 2024-11-13 05:49:41

Compound Feed Market is valued at USD 534.07 billion in 2023 and is projected to reach USD 782.93 billion in 2031, growing at a CAGR of 5.09% from 2024 to 2031.

Discover a detailed analysis of the Compound Feed Market Size by Kings Market Research, Crucial insights are illuminated through vivid graphs, charts, and figures, empowering astute decision-making.The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels

Latest Market Updates:

March 2021 – Paris-based agtech startup Ÿnsect breeds different insects to develop certain proteins, which are then transformed into premium proteins for pet food, organic plant fertilizer and fish feed. In addition to expanding into international Markets, particularly targeting the North American Market, the company plans to build the world's largest insect farm in Amiens Métropole in northern France.

The European Market is expected to register a CAGR of 4.07% and reach a combined total size of $135.2 million by 2030. Countries such as Spain, France, Russia, and Germany are driving the rapid growth of this region due to the presence of top compound feed producers. Additionally, the increasing use of livestock supplements will contribute significantly to the growth of the compound feed Market in this region.

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List of Key Companies in Compound Feed Market

Cargill Inc
New Hope Liuhe Co. Ltd,
Guangdong Haid Group
Charoen Pokphand Foods
Nutreco NV
ADM
Feed One Co.
Kent Nutrition Group
Elanco Animal Health
Alltech, Inc

Market Opportunities

The Growing popularity of organic feed

Organic feed refers to a type of feed that is produced using methods set out in accordance with the standards of organic agriculture. Simply put, organic means that the feed ingredients have not been genetically modified, have not been fertilized with chemical fertilizers, and have not been treated with fungicides, pesticides, or insecticides.

Due to these reasons, the popularity of organic feed is soaring and the trend of vertical integration (contract farming) is growing, significantly influencing the growth of the compound feed Market at the global level. Moreover, the increase in advertising expenditure for organic feed products is expected to help the Market create opportunities and thus increase the Market share of the compound feed Market.

Market Segmentation:

By Animal Types: