According to the report “Global Compound Feed Market“, published by Market Data Forecast, the global market is projected to reach USD 537.4 Billion by 2020, at a CAGR of 1.60% from 2015 to 2020.
For full report refer to http://www.marketdataforecast.com/market-reports/global-compound-feed-market-345/
Though it represents a small share in the agriculture market currently, it is one of the fastest budding sectors in the overall agriculture market. Compound feed consists of food products manufactured especially for animals.
Compound feed is a mixture of raw materials and supplements, sourced from either plants or animals, fed to the livestock orally. Most commonly used raw materials are soybean, corn, barley; wheat and sorghum. Most common additives to form compound feed are, minerals, amino acids, antibiotics and colorants. Compound feed has become an essential part of the globally increasing livestock industry and meat production industry. The end consumers of the compound feed are poultry, pig, ruminants, fish etc.
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Agriculture is a sector with enormous innovations and developments combining with the technology. Rise in global meat consumption, increase in awareness towards meat quality and safety, increase in mass production of meat, and recent livestock disease outbreaks are the key drivers for the growth of the global Compound feed market. Technology innovations are also playing a crucial role in the advancement of this industry.
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1) Based on Ingredients:
• Cereals by-Product
• Oilseed Meal
2) Based on Supplements:
• Amino Acids
• Feed Enzymes
• Feed Acidifiers
3) Based on Animal type:
4) Geographical Segmentation:
• North America
• Latin America
• Middle East and Africa
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The major companies operating in the global Compound Feed market are Cargill Inc., Charoen Pokphand Foods, Archer Daniels Midland Company, Land o’ lakes, Inc., Nutreco, ALLTECH, INC, New Hope Group Co. Ltd, Wen’s 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.
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