Industry Background:
The upsurge in animal-based food product consumption across the world will help to boost global animal compound feed market. Animal compound feed is blended from various raw materials and additives as per the specific requirement of target animals. Compound food plays an important role in the food chain for livestock which helps safety measure food supply and quality along with the whole livestock & aquaculture production and the supply chain. Increase demand for dairy products, better quality food will act as the key driver for animal compound feed market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Cargill (United States), ADM (United States), New Hope Group (China), Charoen Pokphand Food (Thailand), Land O’Lakes (United States), Nutreco (Netherlands), Guangdong Haid Group (China), ForFarmers (Netherlands), Alltech (United States) and Feed One Co. (Japan) |
According to AMA, the market for Animal Compound Feed is expected to register a CAGR of 4.4% during the forecast period to 2028. This growth is primarily driven by High Adoption of Meat and Dairy Products, Growing Innovations in Animal Husbandry Practices and Development of Domestic and International Fast Food and Restaurant Chains.
Globally, a noticeable market trend is evident Fueling Awareness about Precision Nutrition Techniques
The Food Products sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Cargill (United States), ADM (United States), New Hope Group (China), Charoen Pokphand Food (Thailand), Land O’Lakes (United States), Nutreco (Netherlands), Guangdong Haid Group (China), ForFarmers (Netherlands), Alltech (United States) and Feed One Co. (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Animal Compound Feed market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
On 3rd April 2019, Archer Daniels Midland Company has celebrated the opening of its new high-tech livestock feed facility in Quincy, Illinois. This is the fourth cutting-edge animal nutrition manufacturing facility in North America opened by the global leader in value-added products and solutions for both production and companion animals.
In March 2023, Cargill joined the VIV Asia 2023 as a total nutrition solution provider delivering premix, compound feed, pet food and professional consultation and digital solutions for swine, poultry, cattle, dairy and lifestyle animals at all life phases. This expand companies presence in animal compound feed market
Regulatory Insights:
“The use of food products is governed by the provisions of the Federal Food, Drug, and Cosmetic Act (FFDCA), and the regulations issued under its authority. These regulations are published in the Code of Federal Regulations (CFR). The FFDCA defines food as "articles used for food or drink for man or other animals..." Therefore, any article that is intended to be used as an animal feed ingredient, to become part of an ingredient or feed, or added to an animal's drinking water is considered a "food" and thus, is subject to regulation. FDA's Center for Food Safety and Applied Nutrition (CFSAN) is responsible for the regulation of human food products. CVM is responsible for the regulation of animal food (feed) products.”
Influencing Trend:
Fueling Awareness about Precision Nutrition Techniques and Development of the Organized Livestock Sector in Emerging Nations
Market Growth Drivers:
High Adoption of Meat and Dairy Products, Growing Innovations in Animal Husbandry Practices and Development of Domestic and International Fast Food and Restaurant Chains
Challenges:
Quality Control of Genetic Feed Products Manufactured By Emerging Nations and Fluctuating Raw Material Cost
Restraints:
Strict Government Regulations and Impediments to Product Penetration in Emerging Nations
Opportunities:
Rising Demand in Emerging Countries and Growing Demand due to Decreasing Raw Material Prices
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Animal Compound Feed Market
- Analysis about New Entrants in Animal Compound Feed Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Animal Compound Feed Study Sheds Light on
The Animal Compound Feed Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Animal Compound Feed industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Animal Compound Feed industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.