The Growing Concern Regarding Animal’s Health is Driving the Compound Feed Market

Introduction

Rising consciousness regarding animal health and wellness is surging the demand for compound feed across the globe. People are focusing on animal welfare which includes humane treatment, animal care, among others. Farmers are looking for the better feed for the healthy growth of their animals. Compound feed contains multi-grains with several other ingredients including vitamins, minerals, among others. It helps in fast growth of animals and boost immunity of the animals and hence it has become the better choice for the farmers.

Market Dynamics

The Increasing Demand for Pre-Starter Feed

Along with the growing concern regarding adult animals’ health, people are also focusing on the fast and healthy growth of new born animals and chicks which has increased the demand for the pre starter feed. Pre starter feed is nothing but a special diet which is formulated for the new born animals and birds. The pre starter feed contain various nutrients and is a type of compound feed. Various organizations and authorities which are working in the field of agriculture are promoting compound feed as pre starter feed. For instance, National Dairy Development Board promotes use of different types of compound feeds such as calf growth meal and calf starter. These initiatives by such organizations are also helping in increasing the market growth. Moreover, the globally growing poultry industry, animal husbandry and slaughtering is expected to give rise to the pre-starter feed which in turn propel the compound feed market over the forecast period 2020-2029. For instance, according to the Statista, the processed meat market value amounted USD 714 billion in 2016 and is expected to reach USD 1.5 trillion by 2022. Poultry is the most popular type of processed meat and holds 38 percent share in the global meat market. The red meat market is expected to grow at a CAGR of 6.7 percent over the upcoming years.

Competitive Players

1. Cargill Incorporated
2. ADM (Archer Daniel Midland)
3. New Hope Group
4. Charoen Pokphand Food
5. Land O’Lakes
6. Nutreco
7. Guangdong Haid Group
8. ForFarmers
9. Alltech
10. Feed One Co.
11. Heiskell & Co.
12. Kent Nutrition Group
13. Others

Recent Developments

• September 2022, Videos from the "Animal Feed Industry: For Sustainable Innovations" Farmers seize chances to produce CO2-neutral goods. The Nevada sector organization, which brings together Dutch animal feed producers, seeks to be demonstrably sustainable and to contribute to the lofty targets for biodiversity, circularity, and the climate.
• In January 2022, ADM opened an Aquaculture Innovation Lab at the Animal Nutrition Technology Center (ANTC) in Decatur, Illinois. Building on already-existing aquaculture research facilities in Brazil, Mexico, and Vietnam, the laboratory expands ADM's global research and development capabilities to a new area. The new building boosts efforts to create cutting-edge nutrition solutions on a global scale.

Segmentation

1. By Ingredients
   1. Cereals
   2. Cakes & Meals
   3. Supplements
   4. Animal By-Products
   5. Additives
2. By Source
   1. Plant-Based
   2. Animal-Based
3. By Livestock
   1. Ruminants
   2. Swine
   3. Poultry
   4. Aquaculture
4. By Form
   1. Pellets
   2. Mash
   3. Crumbled