Compound Feed Market Size and Growth Analysis 2023.
Added: (Tue Jun 25 2019)
Pressbox (Press Release) -
Market Overview:
Compound Feed Market was worth USD528.9 billion in 2018 and estimated to be growing at a CAGR of 1.62%, to reach USD573.1 billion by 2023. The compound feed is a mixture of raw materials and supplements derived from plants or animals and fed orally to cattle. The most used raw materials are soy, corn, barley; Wheat, and sorghum. The most used additives for compound feed are minerals, amino acids, antibiotics, and dyes. The compound feed has become an integral part of the global livestock and meat industry. The final consumers of compound feed are poultry, pigs, ruminants, fish, etc.
Market Drivers and Restraints:
The growth of the global compound feed market is mostly driven by factors such as increased global meat consumption, increased awareness of meat quality and safety, increased mass production of meat and sprouts recent of animal diseases. The growing world population also supports the growth of the global meat market and, ultimately, increases the demand for compound feed. Increasing consumer awareness of the benefits of organic foods and meat has led to an increase in consumption, which in turn has led to the rise in demand for organic foods. Different regulatory structures, volatile economies, and increasing operating costs are the main restrictions in the market. An increase in raw material costs is also a major challenge for companies in the market.
To know more, click on the link below:
https://www.marketdataforecast.com/market-reports/global-compound-feed-market
Report segmented as
By Animal Type:
Ruminant
Swine
Poultry
Aquaculture
By Supplements:
Vitamins
Antibiotics
Antioxidants
Amino Acids
Feed Enzymes
Feed Acidifiers
By Ingredients:
Cereals
Cereals By-Product
Oilseed Meal
Oil
Molasses
Supplements
Geographical Analysis:
The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. The poultry segment is developing as a leading livestock segment for consumption, trailed by swine and cattle, because of the increase in demand for poultry meat, consumer taste preferences, and rise in disposable incomes in developing economies, primarily in China and India. Hence there is a growing need for steady and reliable animal feed. The Asia-Pacific region is expected to offer lucrative growth opportunities, owing to the considerable increase in feed production and increasing awareness among the consumers about the quality of meat, and dairy and related products.
Important Market Players:
Some of the major companies dominating this market are Cargill Inc., Charoen Pokphand Foods, Archer Daniels Midland Company, Land o Lakes, Inc., Nutreco, ALLTECH, INC, New Hope Group Co. Ltd, Wens Group, ForFarmers B.V., Agribusiness Holding Miratorg, Kyodo Shiryo Company, Sodrugestvo Group S.A., DeKalb Feeds, Inc., De Heus B.V, Ballance Agri-Nutrients Ltd., J.D. Heiskell & CO, Kent Feeds, Weston Milling Animal Nutrition, EWOS GROUP.
View a sample and decide @ https://www.marketdataforecast.com/market-reports/global-compound-feed-market#request_sample
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence, and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Email: abhishek@marketdataforecast.com
Tel: +1-888-702-9626
Website: https://www.marketdataforecast.com/