Compound Feed Market, By Ingredient Type (Cereals, Cakes and Meals, By-products, and By Supplements), By Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Other Animal Types), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East and Africa)

Published In : Sep 2023

Code : CMI5179

Pages :159

Formats :

Excel and PDF

Industry : Food and Beverages

Market Challenges And Opportunities

Global Compound Feed Market: Restraints

Fluctuating cost of raw materials: The Global Compound Feed Market is experiencing a significant surge in demand due to the increasing cost of raw materials around the world and the implementation of stringent governmental regulations in developed nations. The type and quantity of feeding raw materials used in animal feed is largely contingent upon the nutritional value and cost. The alteration of weather conditions has a significant impact on the production, nutritional content, and cost of plant-derived raw materials such as maize, soybeans, and other crops. Additionally, the prices of animal by-product meals are subject to fluctuations due to any alteration in the production and consumption of animal products. Counterbalance: In order to control the price of feeding raw materials, preservation of feed material, and also maintaining the quality of the raw materials becomes necessary. Whatever portion of raw material is chosen for consumption should be made in such a way that losses are minimized and quality is ensured.

Global Compound Feed Market: Drivers

Shift towards animal sourced food: Shifting consumer preferences towards animal sourced food is primarily fueling the growth of the Global Compound Feed Market. Moreover, the increasing consumption of meat, eggs, and milk due to growing awareness, regarding health benefits of animal sourced proteins is again contributing to the market growth. Additionally, growing disposable income especially in developing countries, such as India and Brazil, is also fostering the market growth.
Increasing demand for sea food: Increasing consumption of seafood, such as fish, is projected to uplift the market growth over the forecast period. According to the Coherent Market Insights analysis, fish is sought out as a major source of protein worldwide, accounting for <10% of animal proteins in North America and Europe, and up to 26% of the animal protein source in Asia and Africa. Thus, processed products are being driven by high accessibility of fish protein internationally. The global market for meat and seafood is experiencing a surge due to the increasing global population. This has resulted in an increased demand for animal feed due to the longevity of the population and the limited land and water resources available for the production of animal feed, as well as the increased utilization of these resources for the production of food.

Global Compound Feed Market: Opportunity

Rapid increase in the demand for animal products and processed meat: The growing demand for animal products and processed meat is creating an opportunity for feed manufacturers to increase the animal productivity. A rise in the demand for various animal products, such as dairy products, milk, meat products, eggs, fish, and other non-food items, has led to the growth in the use of feed additives, thus propelling the growth of compound feed in the animal feed market.
Growth of the domestic poultry sector: The Indian feed industry is projected to expand at a prosperous growth rate, particularly due to the growing demand for animal-based proteins and dairy products in the country. Despite the expanding supply-demand gap in the corn trade, the market is expected to be viewed as a potential investment hub, especially, due to the surging demand from the domestic poultry sector.