According to a research report titled ‘Global Compound Feed Market Size study, by Mode of Livestock (Ruminants, Poultry, Swine and Others), Ingredients (Cereal, Cakes & Meals, By-Products, and Supplements) and Regional Forecasts 2020-2027’, available with Market Study Report Study LLC, global compound feed market was valued at USD 469.29 billion in 2019 and is projected amass USD 662.29 billion by the end of forecast period 2020-2027, growing at a compound annual rate of 4.4% throughout.
 

As per the findings of the report, significant rise in demand for meat and aquaculture produce, as well as increasing awareness about quality milk and meat products are anticipated to bolster global compound feed industry growth during the forecast period. Furthermore, rising investments in research and development related to livestock, increased propensity for animal-based food, and increasing applications of dairy products are adding substantial traction to market development.
 

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For those unaware, compound feed is the food given to livestock. It is a mixture of supplements and raw materials sourced from either plant, animals, organic or inorganic substances. The raw materials that are preferred in manufacturing of the feed are corn, soybean, barley, sorghum and wheat, with minerals, vitamins, and amino acids.
 

Moreover, increasing focus on animal health, and rising number infectious medical conditions in animals are also likely to boost global compound feed market remuneration in the upcoming years.
 

Citing an instance, the Brazilian Beef Exporters Association (ABIEC) reported that the country's beef exports surged by 26% in 2018 as a result of compound feed usage. Similar trends in other nations will likely enhance the business dynamics during the forecast timeframe.
 

However, lack of adequate infrastructure in developing countries and frequent occurrences of infections in animals are likely to impede global compound feed market progression in the forthcoming years. Additionally, rising trend of vegan diets and stringent regulations pertaining to medicated feed additives are expected to hamper industry expansion.
 

On the regional front, Asia Pacific accounted for a significant market share in the recent past share and will likely record strong gains through 2026. This can be ascribed to burgeoning demand for meat protein as well as rising nutritional value of meat products due to the use of compound feed. Moreover, higher animal adoption rates, favorable government initiatives, and rising awareness about compound feed in manufacturing sector are pushing forward the regional market growth.
 

Key competitors in global compound feed market are New Hope Group, Cargill, Inc., Land O'Lakes, Inc., Archer-Daniels-Midland Company, Guangdong HAID Group Co., Ltd., Alltech, Feed One Co., Ltd., Charoen Pokphand Group, ForFarmers N.V., and Nutreco N.V.