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The compound feed market share is expected to increase by USD 8.95 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.44%.
This compound feed market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers compound feed market segmentation by application (poultry feed, cattle and buffaloes, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The compound feed market report also offers information on several market vendors, including Alltech Inc., Archer Daniels Midland Co., BASF SE, Cargill Inc., Charoen Pokphand Foods PCL, De Heus Voeders BV, Evonik Industries AG, Feed One Co. Ltd., George Weston Foods Ltd., Guangdong Haid Group Co. Ltd., International Flavors and Fragrances Inc, Kent Corp., Koninklijke DSM NV, Land O Lakes Inc., Mitsui and Co. Ltd., New Hope Group Co. Ltd., Novozymes AS, Nutreco NV, Sojitz Corp., and United Animal Health Inc. among others.
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The increasing meat production and consumption is notably driving the compound feed market growth, although factors such as growing consumer inclination toward vegan food may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the compound feed industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Compound Feed Market Driver
One of the key factors driving growth in the compound feed market is the increasing meat production and consumption. There has been an exponential increase in the global chicken meat production and the global per capita global consumption of meat due to the rapid population growth worldwide. All these factors, combined with the expansion of production capacity and supply of compound feed, are driving the global animal feed industry, as well as the compound feed market. An exponential increase in meat production and consumption is mainly being witnessed in North America, South America, Europe, and MEA. The growing economy has boosted the production and consumption of meat, which has also improved the sales of compound feed. Developments in breeding, nutrition, and animal health are key drivers that will continue to contribute to the increasing potential production and further efficiency. The key competitors are producing a large amount of compound feed to meet the livestock nutritional requirements, which will result in significant growth in the global compound feed market.
Key Compound Feed Market Trend
The emergence of private-label brands is a compound feed market trend that is expected to have a positive impact in the coming years. A major factor that is influencing the growth of the global compound feed market is the increasing prominence of private-label brand products. Private-label brand products are manufactured and sold by retailers. Major retailers across the globe are coming up with their brands of compound feeds. During the past decade, the private-label product segment has grown in terms of scope and size. Unlike branded products, private-label products are priced less. Thus, price-sensitive consumers are more likely to purchase private-label products. The demand for private-label brands is expected to increase, which, in turn, will fuel the growth of the global compound feed market.
Key Compound Feed Market Challenge
The growing consumer inclination toward vegan food will be a major challenge for the compound feed market during the forecast period. Health-conscious consumers prefer food products and ingredients that do not lead to health issues. Therefore, plant-based food products are gaining popularity among health-conscious consumers globally. One of the reasons for the shift toward a plant-based diet is the health and food safety concerns associated with animal-based food products among consumers. Vegan consumers usually avoid animal-based products in their diet, which increases the demand for plant-based diets among consumers. The growing popularity of the vegan diet and the increasing number of people adopting a vegan lifestyle will negatively impact the growth of the global meat market, which can, in turn, hamper the growth of the global compound feed market.
This compound feed market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global compound feed market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the compound feed market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the compound feed market encompasses successful business strategies deployed by the key vendors. The compound feed market is fragmented and the vendors are deploying growth strategies such as distinguishing their product and service offerings through a clear and unique value proposition to compete in the market.
alltech.com - The company offers compound feeds for dairy cows, beef cattle, poultry, pig, and equine.
alltech.com - Under the animal nutrition segment, the company offers animal nutrition for dairy cows, beef cattle, poultry, pig, aquaculture, equine, and pet.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The compound feed market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the compound feed market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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39% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for compound feed in North America. Market growth in this region will be faster than the growth of the market in other regions.
The increasing cattle population and growing meat production will facilitate the compound feed market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 outbreak occurred widely across North America, especially in the US, Owing to the rising number of deaths from COVID-19, many North American countries, including the US, Canada, Mexico implemented nationwide lockdowns. However, in 2021, the region gradually propelled its economic activities and simultaneously conducted large-scale vaccination drives, which further supported the growth of the regional economy. This is expected to further boost the growth of the regional livestock activities and, consequently, drive the growth of the regional compound feed market during the forecast period.
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The compound feed market share growth by the poultry feed segment will be significant during the forecast period. The increasing consumption of poultry meat will drive the demand for poultry feed products during the forecast period. To meet the rising demand for poultry meat, market vendors increase poultry production. The introduction of new products by market vendors will also drive the growth of the poultry feed segment in the global compound feed market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the compound feed market size and actionable market insights on post COVID-19 impact on each segment.
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Compound Feed Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.44% |
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Market growth 2022-2026 |
$ 8.95 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
2.31 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 39% |
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Key consumer countries |
US, Canada, China, UK, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Alltech Inc., Archer Daniels Midland Co., BASF SE, Cargill Inc., Charoen Pokphand Foods PCL, De Heus Voeders BV, Evonik Industries AG, Feed One Co. Ltd., George Weston Foods Ltd., Guangdong Haid Group Co. Ltd., International Flavors and Fragrances Inc, Kent Corp., Koninklijke DSM NV, Land O Lakes Inc., Mitsui and Co. Ltd., New Hope Group Co. Ltd., Novozymes AS, Nutreco NV, Sojitz Corp., and United Animal Health Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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