Global Compound Feed Market
Global Compound Feed Market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over the 2018 to 2024.
Market Outline: Compound Feed Market
Compound Feed is a blend of different feed ingredients in reasonable extent. Regularly utilized fixings in compound dairy cattle feed incorporate grains, wheat, protein dinners/cakes, chunnies, agro-industrial by products, minerals and vitamins.
Market Dynamics: Compound Feed Market
Increase in adoption of pets, rise in care and concern of the animals health is the major factor for the rise in demand for healthy and safe feeds for the animals, which in turns drive the global compound feed market over the forecast years. Shifting towards the protein lean animal diet, rise in the consumption of the meat, poultry and dairy products around the world is anticipated to fuel the growth of the compound feed . On the other side, rise in the cost of the feeds and the supplements used to combine with them and lack of awareness in some regions of the world about the animal health are hindering the growth of the Global compound feed market.
Market Scope: Compound Feed Market
The Global Compound Feed Market is classified on the basis of type of animal, product and geographical regions.
Based on the type of animal, it is segmented into:
Based on Product, it is segmented into
- Cakes and Meals
- By- Products
Market Summary: Compound Feed Market
Development and improvements of new technologies in formulations of finished products based on the feed type and change in regulatory scenario are boosting growth of the industry. Many companies are targeting the Asia-pacific region for expansion of the market, by investing in the new production units or acquisition of small players in the region who were established. R&D investments, introduction of new products, are the different strategies adopted by the manufacturers to be in the competition in the Compound Feed .
Regional Analysis: Global Compound Feed Market
Geographically Compound Feed is segmented as Latin America, North America, Asia- Pacific, The Middle East & Africa and Europe. North America. Due to the over pooling of the population Asia Pacific region and rapid economic growth led to the rise in demand for the meat which has triggered the significant growth rate of the Compound Feed market. Brazil is showing significant gains during the foreseeable period owing to rise in capacity of spending and rise in standards of living of the people which boosts the increased demand for the meat , poultry and their products which in turn triggering the market growth of Compound Feed .
Some of the players in Global Compound Feed Market
- Adisseo France S.A.S (France)
- Archer Daniels Midland Co. (US)
- Bactolac Pharmaceutical, Inc. (US)
- BASF SE (Germany)
- DSM Nutritional Products Ltd. (Switzerland)
- Pfizer, Inc. (US))