Summary

Market Overview
Concentrated feed means a combination of animal feed ingredients whose nutrition content is higher than the nutritional needs of livestock and that is intended to be mixed with other feed ingredients to create a complete feed. Feed concentrates provide nutrients that forage alone cannot provide. It is particularly true in the case of high-producing animals. At times, concentrates are a more economical source of nutrients than forages. There are two types of concentrate feeds such as carbonaceous and proteinaceous. Basemixes play a significant role in balancing the animals' feed ratio. They are essential components of the animal's skeleton, meat, milk, eggs, and epithelial appendages (hairs, feathers, nails, and hooves). Increasing consumption of animals and animal by-products, government strategies to improve the agricultural condition of the country, and improvement in the meat export sector is driving the feed concentrate and basemix market.
The global feed concentrate and basemix market was valued at USD YY million in 2022. It is forecasted to reach USD YY million by 2030, growing at a CAGR of 5.14% during the forecast period (2023-2030).
Market Dynamics: Increasing innovations by animal feed manufacturers drive the market
The key global market players are focusing on launching various food products for feed to address the needs of different types of animals belonging to various age groups. It is projected to drive the global market. Furthermore, increased disposable income, urbanization, and higher meat composition increase demand for feed concentrate and basemixes market. According to the United Nations, the Food and Agriculture Organization estimates that by 2050 the demand for animal feed will grow by 60% and that between 2010 and 2050, the production of animal proteins is expected to grow by around 1.7% per year, with meat production projected to rise by nearly 70%, aquaculture by 90%, and dairy by 55%. In recent years, companies such as General Mills, Nestle, and Mars Inc. have launched premium food products to grab consumers' attention and address the needs of growing animals. For instance, in November 2020, Nestle Purina launched animal feed that builds on alternative proteins to use the planet's resources. The range includes insects and plant proteins from fava beans and millet. Similarly, in March 2021, General Mills, Inc. announced the launch of its new animal feed line, Tastefuls. The product is specially designed to support cognitive development.
However, the high price volatility of raw materials, the labeling of fat and oil products, and the safety issues are expected to hinder the growth of the feed concentrate and basemix market during the forecast period of 2023–2030. In contrast, the high capital investments in extraction will challenge the market's growth.
Market Segmentation: The poultry segment accounted for the highest global feed concentrate and basemix market share
The expansion of animal feed impacts the use of the poultry segment. Homemade feed is popular worldwide due to gradually falling feed ingredient prices, but commercially produced feed remains stable. When creating homemade feed, farmers rely on their skills and employ premixes and base mixes to get a satisfactory feed conversion ratio. However, transitioning from home to intensive/industrial farming with appropriate apparatus and equipment boosts global demand for professionally prepared poultry feed. According to the OECD/FAO Agricultural Outlook, poultry will continue to be the fastest-growing meat over the next decade and, by 2031, will take 47% of the meat market. This increase in global meat production will be influenced mainly by growth in the poultry sector, with poultry numbers rising to 31 billion heads. As a result, greenhouse gas emissions by the meat sector are projected to rise by 9% by 2031—less than the 15% increase in meat production given the rising share of poultry and productivity increases that yield higher production of meat per animal and thus a lower ratio of GHG emissions per unit of meat output. An important exception will be Africa, where emissions will rise by 24%, largely in parallel with its rise in production. This is driving market growth in the forecast period.
Geographical Penetration: North America is the dominant region during the forecast period
North America currently holds the majority share of the global feed concentrate and basemix market, and the region is predicted to lead the market throughout the forecast period. The consumption of animal feed in the region is directly proportional to the development of the livestock sector. Home-made feed is popular in the United States, owing to the slightly decreasing prices of feed ingredients, while the price of commercially-made feed remains constant. While preparing home-made feed, farmers depend upon their experience and make use of premixes, base mixes, and concentrates, in order to achieve a good feed conversion ratio. However, the switch from backyard farming to intensive/industrial farming, consisting of suitable machinery and equipment, is driving the demand for commercially-prepared feed in the country.
Competitive Landscape:
Companies like Cargill, Biofit, Jai Kisan Agro Products, Uniplendour (CUC), RUNHOP, Archer Daniels Midland Animal Nutrition, CP Group, Purina Mills LLC, Hindustan Animal Feeds, and ACOLID are the major players in the feed concentrate and basemix market. In the feed concentrate and basemix market, companies are investing heavily to develop new products, collaborating with, and acquiring other companies. This factor is expected to increase their market shares and strengthen their R&D activities. For instance, in July 2020, De Heus Animal Nutrition, a Netherlands-based renowned feed company, signed an agreement with the Polish feed company, Golpasz, to acquire the Golpasz production facility in Poland. In October 2022, Cargill Indonesia launched a new layer feed concentrate to boost productivity in these challenging times. They developed and formulated Top New using the Cargill Nutrient System, high-quality ingredients, and brown egg technology.
COVID-19 Impact: Positive impact on the global feed concentrate and basemix market
The outbreak of COVID-19 has substantially impacted feed concentrates and basemixes market. The strict rules and lockdown imposed throughout 2020 have impacted the animal feed industry, causing differential effects on raw material supply, trade and logistics, demand-supply volatility, uncertain consumer demand, and affecting the workforce at the industrial level. During the shutdown, one of the key issues affecting the animal feed industry was a loss in sales due to less gifting and impulse spending among customers globally. However, in the middle year of 2021, the situation adjusted and governments opened lockdowns. The manufacturers increased production and established product lines. According to IFEEDER, estimated global feed consumption will grow from 248.4 million metric tons in 2020 to 254.6 million in 2025. The expected value of this feed in 2020 is $47.5 billion, which would be $48.8 billion in 2025 using 2020 feed prices. At 2020 feed prices, feed consumption will climb from 248.4 million metric tons (priced at $47.5 billion) in 2020 to 263.1 million metric tons (valued at $50.4 billion) in 2025.
The global feed concentrate and basemix market report would provide an access to approximately 53 market data tables, 50 figures and 200 pages

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