配合飼料市場:原料別(穀類、ケーキ&ミール、副産物、サプリメント)、形態別(マッシュ、ペレット、クランブル)、家畜別(反芻動物、家禽、豚、養殖)、供給源別(植物ベース、動物ベース)、地域別 - 2028年までの世界予測Compound Feed Market by Ingredients (Cereals, Cakes & Meals, By-Products, and Supplements), Form (Mash, Pellets, Crumbles), Livestock (Ruminants, Poultry, Swine, and Aquaculture), Source (Plant-Based and Animal-Based), and Region - Global Forecast to 2028 配合飼料の世界市場は、2023年に5,412億米ドルと推定され、予測期間中の年平均成長率は4.3%で、2028年には6,683億米ドルに達すると予測されている。IMFによると、世界の人口は2050年までに97億人以上増加すると予... もっと見る
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サマリー配合飼料の世界市場は、2023年に5,412億米ドルと推定され、予測期間中の年平均成長率は4.3%で、2028年には6,683億米ドルに達すると予測されている。IMFによると、世界の人口は2050年までに97億人以上増加すると予想されている。世界の人口は着実に増加しており、肉、乳製品、鶏肉製品を含む食糧需要の増加につながる。配合飼料は、家畜に必要な栄養素を効率的に供給し、家畜の成長と生産性を向上させる方法である。また、畜産物の品質を確保する上で、動物の健康と栄養の重要性に対する認識も高まっている。配合飼料は、家畜にバランスの取れた栄養を供給し、家畜全体の健康を促進し、病気のリスクを低減する上で重要な役割を果たしている。このような動物の福祉と製品の品質への関心の高まりが、配合飼料市場の拡大に寄与している。植物由来の配合飼料は、世界中の配合飼料市場で急速に人気を集めている。 植物性飼料で飼育された動物由来の畜産物に対する消費者の需要は、近年大幅に増加している。この傾向の背景には、動物福祉、環境への影響、個人の健康に対する懸念など、いくつかの理由がある。第一に、消費者は動物が飼育されている環境や、畜産が動物の健康に与える影響について、より強く意識するようになっている。植物性飼料は、工場や屠殺場からもたらされる可能性のある動物性副産物の必要性を削減または排除するため、より倫理的な選択と見なされることが多い。植物性飼料で育てられた家畜を選ぶことで、消費者はより人道的で持続可能な農法を支持していると感じる。第二に、畜産が環境に与える影響が、多くの消費者の関心を集めている。従来の配合飼料には動物性副産物が含まれていることが多く、これが森林伐採、温室効果ガスの排出、水質汚染の原因となっている。対照的に、植物性飼料は大豆、トウモロコシ、小麦などの作物を原料としており、より管理された持続可能な方法で栽培することができる。消費者は、植物性飼料で飼育された家畜の製品を選ぶことで、二酸化炭素排出量を削減し、より環境に優しいフードシステムを支持していると考える。従って、植物性飼料は、動物の飼育と動物由来製品の生産において、より持続可能で倫理的、かつより健康的と認識される選択肢を提供することで、こうした懸念に合致している。 配合飼料市場では家禽類が畜産セグメントを独占 家禽類、特に鶏肉は、その高い需要と広範な消費により、世界の食肉市場で突出した地位を占めている。肉や卵といった鶏肉製品の継続的な人気には、いくつかの要因がある。重要な要因のひとつは手頃な価格である。家禽類、特に鶏肉は、牛肉や魚介類といった他の食肉に比べ、予算に見合った価格であることが多い。この手頃な価格により、鶏肉は費用対効果の高い蛋白源となり、様々な所得レベルの幅広い消費者が利用しやすくなっている。その結果、鶏肉製品は多くの家庭や食品店で主食として頻繁に選ばれ、これらの製品に対する安定した需要を牽引している。栄養価は鶏肉製品需要の重要な原動力である。鶏肉を含む鶏肉は、その栄養成分で有名である。高品質のタンパク質、必須アミノ酸、ビタミン、ミネラルを豊富に含んでいる。鶏肉製品は、特に皮を除いて食べると脂肪分が少ないため、赤身肉の代替品として健康的であると認識されることが多い。栄養バランスの取れた食生活を求める消費者は、鶏肉を貴重な食材として認識しており、鶏肉製品の安定した需要に寄与している。その結果、家禽用配合飼料の需要は家禽製品の旺盛な需要と一致し、家禽が配合飼料市場の支配的なセグメントとなっている。 予測期間中、配合飼料のクランブル形態が最も高い成長を遂げると予測される。 クランブルは、ペレットやマッシュのような他の形態の飼料に比べて動物が摂取しやすい。これは、大きな飼料粒子を噛んだり飲み込んだりすることが困難な幼若動物や小動物にとって特に有益である。クランブル状は摂取を促し、無駄を減らします。また、クランブル状の飼料は消化率が高く、栄養素の分布が均一であるため、飼料要求率が向上します。家畜は飼料から最大限の栄養を引き出すことができるため、体重の増加、最適な成長率、効率的な飼料利用につながります。その結果、酪農家のコスト削減と収益性の向上につながる。 予測期間中、アジア太平洋地域が最も高い成長率を示すと予測されている。 2022年の配合飼料の世界市場では、アジア太平洋地域が大きな市場を占めている。同国の人口拡大が配合飼料市場発展の主な力となっている。インドがアジアで2番目に人口の多い国であることも、食品消費の増加に寄与している。今後数年間は、人口の拡大、食肉消費量の増加、畜産系製品の増加が相まって、配合飼料の需要が増加すると予想される。政府が税制上の優遇措置を与えるなどビジネス環境が整った結果、この地域に製造施設を建設する大企業が増えれば、業界の成長も後押しされるはずだ。メイク・イン・インディア」や「メイド・イン・チャイナ2025」のような支援的な政府プログラムは、土地生産の伸びを背景に、この地域へのFDI流入を促進するはずであり、これにより食肉生産が強化され、配合飼料の使用が促進される。 配合飼料市場の主要参入企業のプロファイルの内訳: 企業タイプ別:ティア1:30%、ティア2:45%、ティア3:25%。 役職別:CXO:15%、マネージャー:50%、エグゼクティブ:35 地域別:北米:25%、欧州:25%、アジア太平洋地域:40%、アジア太平洋地域:10 著名な企業には、Cargill, Inc.(米国)、ADM(米国)、Charoen Pokphand Foods(タイ)、New Hope Group(中国)、Land O'Lakes(米国)、Nutreco N.V.(オランダ)、Alltech, Inc.(米国)、Guangdong Haid Group Co.Ltd(中国)、Weston Milling Group(オーストラリア)、株式会社フィード・ワン(日本)などがある。 調査範囲 この調査レポートは、配合飼料を成分別(穀類、ケーク&ミール、副産物、サプリメント)、形態別(マッシュ、ペレット、クランブル)、家畜別(反芻動物、家禽、養豚、養殖)、供給源別(植物ベース、動物ベース)、地域別(北米、欧州、アジア太平洋、南米、RoW)に分類しています。本レポートの範囲は、複合飼料市場の成長に影響を与える促進要因、阻害要因、課題、機会などの主要要因に関する詳細な情報をカバーしています。主要な業界プレイヤーを詳細に分析し、事業概要、製品、サービス、主要戦略、契約、パートナーシップ、合意などに関する洞察を提供しています。配合飼料市場に関連する新製品・サービスの発売、合併・買収、最近の動向。配合飼料市場のエコシステムにおける今後の新興企業の競合分析もカバーしています。 このレポートを購入する理由 本レポートは、配合飼料市場全体とサブセグメントにおける収益数の最も近い近似値に関する情報を提供することで、本市場の市場リーダー/新規参入者に役立ちます。本レポートは、利害関係者が競争状況を理解し、自社のビジネスをより良く位置づけ、適切な市場参入戦略を計画するためのより多くの洞察を得るのに役立ちます。また、利害関係者が市場の脈動を理解するのに役立ち、主要な市場促進要因、阻害要因、課題、機会に関する情報を提供します。 本レポートでは、以下のポイントに関する洞察を提供しています: - 配合飼料市場の成長に影響を与える主な促進要因(適切な家畜栄養への需要の急増)、阻害要因(配合飼料製造のための不安定な原材料価格)、機会(発展途上国における家畜給餌習慣の重要性の高まり)、課題(厳しい規制枠組み)の分析。 - 製品開発/イノベーション:配合飼料市場における研究開発活動や新製品・新サービスの発売に関する詳細な洞察。 - 市場開発:有利な市場に関する包括的な情報 - 当レポートでは、様々な地域の配合飼料市場を分析しています。 - 市場の多様化:配合飼料市場における新製品、未開拓地域、最近の開発、投資に関する詳細な情報。 - 競合評価:カーギル社(米国)、ADM社(米国)、Charoen Pokphand Foods社(タイ)、New Hope Group社(中国)、Land O'Lakes社(米国)など、配合飼料市場戦略における主要企業の市場シェア、成長戦略、サービス内容を詳細に評価。 目次1 INTRODUCTION 241.1 STUDY OBJECTIVES 24 1.2 MARKET DEFINITION 25 1.3 STUDY SCOPE 25 FIGURE 1 MARKET SEGMENTATION 25 1.3.1 INCLUSIONS & EXCLUSIONS 26 1.3.2 REGIONS COVERED 26 1.3.3 YEARS CONSIDERED 27 1.4 UNITS CONSIDERED 27 1.4.1 CURRENCY 27 TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022 28 1.4.2 VOLUME 28 1.5 STAKEHOLDERS 28 1.6 SUMMARY OF CHANGES 29 1.7 RECESSION IMPACT ANALYSIS 29 2 RESEARCH METHODOLOGY 30 2.1 RESEARCH DATA 30 FIGURE 2 COMPOUND FEED MARKET: RESEARCH DESIGN 30 2.1.1 SECONDARY DATA 31 2.1.1.1 Key data from secondary sources 31 2.1.2 PRIMARY DATA 31 2.1.2.1 Key data from primary sources 32 2.1.2.2 Breakdown of primaries 32 2.1.2.3 Key primary insights 33 2.2 MARKET SIZE ESTIMATION 34 2.2.1 APPROACH ONE – BOTTOM-UP (BASED ON TYPE, BY REGION) 34 2.2.2 APPROACH TWO – TOP-DOWN (BASED ON GLOBAL MARKET) 35 2.3 DATA TRIANGULATION 36 FIGURE 3 DATA TRIANGULATION METHODOLOGY 36 2.4 RECESSION IMPACT ON COMPOUND FEED MARKET 37 2.4.1 MACRO INDICATORS OF RECESSION 37 FIGURE 4 INDICATORS OF RECESSION 37 FIGURE 5 WORLD INFLATION RATE: 2011–2021 37 FIGURE 6 GLOBAL GDP: 2011–2021 (USD TRILLION) 38 FIGURE 7 RECESSION INDICATORS AND THEIR IMPACT ON COMPOUND FEED MARKET 39 FIGURE 8 COMPOUND FEED MARKET: EARLIER FORECAST VS. RECESSION FORECAST 40 2.5 STUDY ASSUMPTIONS 41 2.6 LIMITATIONS AND RISK ASSESSMENT OF STUDY 41 3 EXECUTIVE SUMMARY 42 TABLE 2 COMPOUND FEED MARKET SNAPSHOT, 2023 VS. 2028 42 FIGURE 9 COMPOUND FEED MARKET, BY INGREDIENT, 2023 VS. 2028 (USD BILLION) 43 FIGURE 10 COMPOUND FEED MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD BILLION) 44 FIGURE 11 COMPOUND FEED MARKET, BY FORM, 2023 VS. 2028 (USD BILLION) 45 FIGURE 12 COMPOUND FEED MARKET, BY SOURCE, 2023 VS. 2028 (USD BILLION) 45 FIGURE 13 COMPOUND FEED MARKET (VALUE), BY REGION 46 4 PREMIUM INSIGHTS 47 4.1 BRIEF OVERVIEW OF COMPOUND FEED MARKET 47 FIGURE 14 RISING DEMAND FOR PROCESSED MEAT AND ANIMAL PRODUCTS TO FUEL DEMAND FOR COMPOUND FEED 47 4.2 ASIA PACIFIC: COMPOUND FEED MARKET, BY INGREDIENT AND COUNTRY (2022) 47 FIGURE 15 CHINA AND CEREALS ACCOUNTED FOR LARGEST SHARES IN 2022 47 4.3 COMPOUND FEED MARKET, BY LIVESTOCK – COUNTRY WISE AND ASIA PACIFIC 48 FIGURE 16 CHINA TO DOMINATE MARKET DURING FORECAST PERIOD 48 4.4 COMPOUND FEED MARKET, BY FORM AND REGION 49 FIGURE 17 ASIA PACIFIC AND PELLETS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 49 5 MARKET OVERVIEW 50 5.1 INTRODUCTION 50 5.2 MACROECONOMIC INDICATORS 50 FIGURE 18 GLOBAL POPULATION, 2010–2021 51 5.3 MARKET DYNAMICS 51 FIGURE 19 COMPOUND FEED: MARKET DYNAMICS 51 5.3.1 DRIVERS 52 5.3.1.1 Surge in demand for appropriate livestock nutrition 52 5.3.1.2 Growing demand for animal products for commercial use 52 FIGURE 20 GLOBAL MEAT PRODUCTION (KILO TONNES) 53 5.3.1.3 Rising adoption of modern techniques for livestock rearing 53 5.3.1.4 Growth of organized livestock farming in developing countries 54 5.3.2 RESTRAINTS 54 5.3.2.1 Volatile raw material prices for manufacturing compound feed 54 FIGURE 21 GLOBAL RAW MATERIAL PRICES 54 5.3.2.2 Lack of awareness about modern feeding methods in developing countries 55 5.3.3 OPPORTUNITIES 55 5.3.3.1 Growing importance of livestock feeding practice in developing economies 55 5.3.3.2 Expanding market reach through international trade 55 FIGURE 22 LEADING EXPORTERS OF ANIMAL FOOD, 2021 56 FIGURE 23 LEADING IMPORTERS OF ANIMAL FOOD, 2021 56 5.3.4 CHALLENGES 57 5.3.4.1 Stringent regulatory framework 57 5.3.4.2 Quality control of genetic feed products manufactured by Asian companies 57 6 INDUSTRY TRENDS 58 6.1 INTRODUCTION 58 6.2 VALUE CHAIN 58 6.2.1 RESEARCH AND PRODUCT DEVELOPMENT 58 6.2.2 RAW MATERIAL SOURCING AND MANUFACTURING 58 6.2.3 ASSEMBLY 59 6.2.4 DISTRIBUTION 59 6.2.5 MARKETING & SALES 59 FIGURE 24 VALUE CHAIN ANALYSIS OF COMPOUND FEED MARKET 59 6.3 SUPPLY CHAIN ANALYSIS 59 FIGURE 25 COMPOUND FEED MARKET: SUPPLY CHAIN 60 6.4 TECHNOLOGY ANALYSIS 60 6.5 PRICING ANALYSIS: COMPOUND FEED MARKET 60 TABLE 3 GLOBAL COMPOUND FEED AVERAGE SELLING PRICE (ASP), BY REGION, 2020–2022 (USD/TONNES) 61 6.6 MARKET MAPPING AND ECOSYSTEM OF COMPOUND FEED 61 6.6.1 DEMAND SIDE 61 6.6.2 SUPPLY SIDE 61 FIGURE 26 COMPOUND FEED MARKET MAP 61 FIGURE 27 COMPOUND FEED ECOSYSTEM MAPPING 62 6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 63 FIGURE 28 REVENUE SHIFT FOR COMPOUND FEED MARKET 63 6.8 COMPOUND FEED MARKET: PATENT ANALYSIS 64 FIGURE 29 NUMBER OF PATENTS GRANTED FOR COMPOUND FEED, 2012–2022 64 TABLE 4 PATENTS PERTAINING TO COMPOUND FEED, 2020–2022 65 6.9 TRADE DATA: COMPOUND FEED MARKET 66 TABLE 5 TOP 10 IMPORTERS AND EXPORTERS OF COMPOUND FEED, 2020 (KG) 66 TABLE 6 TOP 10 IMPORTERS AND EXPORTERS OF COMPOUND FEED, 2021 (KG) 66 TABLE 7 TOP 10 IMPORTERS AND EXPORTERS OF COMPOUND FEED, 2022 (KG) 67 6.10 CASE STUDIES 67 6.10.1 CARGILL DEVELOPED HIGH-PERFORMANCE FOR HORSE FEED MANUFACTURERS 67 6.10.2 CARGILL DEVELOPED AQUAFEED FOR CLIENT 67 6.11 KEY CONFERENCES & EVENTS IN 2022–2023 68 TABLE 8 KEY CONFERENCES & EVENTS IN COMPOUND FEED MARKET 68 6.12 TARIFF & REGULATORY LANDSCAPE 70 TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70 TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70 TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71 TABLE 12 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71 6.12.1 NORTH AMERICA 71 6.12.1.1 United States (US) 71 6.12.1.2 Canada 72 6.12.2 EUROPEAN UNION (EU) 72 6.12.3 ASIA PACIFIC 73 6.12.3.1 Japan 73 6.12.3.2 China 73 6.12.4 INTERNATIONAL FEED INDUSTRY FEDERATION (IFIF) 74 6.13 PORTER’S FIVE FORCES ANALYSIS 74 TABLE 13 COMPOUND FEED MARKET: PORTER’S FIVE FORCES ANALYSIS 74 6.13.1 INTENSITY OF COMPETITIVE RIVALRY 74 6.13.2 BARGAINING POWER OF SUPPLIERS 75 6.13.3 BARGAINING POWER OF BUYERS 75 6.13.4 THREAT OF SUBSTITUTES 75 6.13.5 THREAT OF NEW ENTRANTS 75 6.14 KEY STAKEHOLDERS AND BUYING CRITERIA 75 6.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 75 TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%) 76 6.14.2 BUYING CRITERIA 76 TABLE 15 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 76 FIGURE 30 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 76 7 COMPOUND FEED MARKET, BY INGREDIENT 77 7.1 INTRODUCTION 78 FIGURE 31 COMPOUND FEED MARKET, BY INGREDIENT, 2023 VS. 2028 (USD BILLION) 78 TABLE 16 COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION) 78 TABLE 17 COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION) 79 7.2 CEREALS 79 7.2.1 ABUNDANCE OF CEREAL CROPS TO FUEL COMPOUND FEED MARKET GROWTH 79 TABLE 18 CEREALS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 80 TABLE 19 CEREALS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 80 7.3 CAKES & MEALS 80 7.3.1 RISING DEMAND FOR PROTEIN AND MICRONUTRIENTS IN FEED TO BOOST DEMAND FOR CAKES & MEALS 80 TABLE 20 CAKES & MEALS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 81 TABLE 21 CAKES & MEALS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 81 7.4 BY-PRODUCTS 81 7.4.1 BY-PRODUCTS TO PROVIDE OPTIMUM NUTRITION TO CATTLE AND AQUACULTURE 81 TABLE 22 BY-PRODUCTS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 82 TABLE 23 BY-PRODUCTS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 83 7.5 SUPPLEMENTS 83 7.5.1 NEED FOR MICRONUTRIENTS FOR OVERALL WELL-BEING OF LIVESTOCK TO INCREASE REQUIREMENT OF SUPPLEMENTS 83 TABLE 24 SUPPLEMENTS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 83 TABLE 25 SUPPLEMENTS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 84 8 COMPOUND FEED MARKET, BY SOURCE 85 8.1 INTRODUCTION 86 FIGURE 32 COMPOUND FEED MARKET, BY SOURCE, 2023 VS. 2028 (USD BILLION) 86 TABLE 26 COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION) 86 TABLE 27 COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION) 86 8.2 PLANT-BASED 87 8.2.1 EASY AVAILABILITY AND SUSTAINABILITY OF PLANT-BASED PRODUCTS TO INFLUENCE THEIR APPLICATION IN COMPOUND FEED 87 TABLE 28 PLANT-BASED: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 87 TABLE 29 PLANT-BASED: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 87 8.3 ANIMAL-BASED 88 8.3.1 INCREASED AWARENESS ABOUT ANIMAL-BASED FEED TO INCREASE REQUIREMENT OF COMPOUND FEED 88 TABLE 30 ANIMAL-BASED: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 88 TABLE 31 ANIMAL-BASED: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 89 9 COMPOUND FEED MARKET, BY FORM 90 9.1 INTRODUCTION 91 FIGURE 33 COMPOUND FEED MARKET, BY FORM, 2023 VS. 2028 (USD BILLION) 91 TABLE 32 COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION) 91 TABLE 33 COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION) 92 9.2 MASH 92 9.2.1 FLEXIBILITY IN MASH FORM TO ENABLE CUSTOMIZATION OF NUTRIENT CONTENT FOR SPECIFIC ANIMAL SPECIES AND PRODUCTION STAGES 92 TABLE 34 MASH: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 92 TABLE 35 MASH: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 93 9.3 PELLETS 93 9.3.1 PELLETS TO ACCOUNT FOR LARGEST SHARE IN GLOBAL COMPOUND FEED MARKET 93 TABLE 36 PELLETS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 94 TABLE 37 PELLETS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 94 9.4 CRUMBLES 94 9.4.1 GROWING IMPORTANCE OF CRUMBLES IN POULTRY TO FUEL DEMAND 94 TABLE 38 CRUMBLES: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 95 TABLE 39 CRUMBLES: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 95 9.5 OTHER FORMS 95 TABLE 40 OTHER FORMS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 96 TABLE 41 OTHER FORMS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 96 10 COMPOUND FEED MARKET, BY LIVESTOCK 97 10.1 INTRODUCTION 98 FIGURE 34 COMPOUND FEED MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD BILLION) 98 TABLE 42 COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 98 TABLE 43 COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 99 TABLE 44 COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT) 99 TABLE 45 COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT) 99 10.2 RUMINANTS 100 10.2.1 INCREASING DEMAND FOR HIGH-QUALITY PROTEIN AND MILK TO FUEL MARKET GROWTH 100 10.2.2 DAIRY 100 10.2.3 BEEF 100 10.2.4 CALF 100 10.2.5 OTHER RUMINANTS 100 TABLE 46 RUMINANTS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 101 TABLE 47 RUMINANTS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 101 TABLE 48 RUMINANTS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT) 101 TABLE 49 RUMINANTS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT) 102 TABLE 50 COMPOUND FEED MARKET, BY RUMINANT TYPE, 2018–2022 (USD BILLION) 102 TABLE 51 COMPOUND FEED MARKET, BY RUMINANT TYPE, 2023–2028 (USD BILLION) 102 10.3 POULTRY 103 10.3.1 GROWING DEMAND FOR EGGS IN DEVELOPING COUNTRIES TO FUEL DEMAND FOR COMPOUND FEED IN POULTRY SECTOR 103 10.3.2 BROILERS 103 10.3.3 LAYERS 103 10.3.4 BREEDERS 103 TABLE 52 POULTRY: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 103 TABLE 53 POULTRY: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 104 TABLE 54 POULTRY: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT) 104 TABLE 55 POULTRY: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT) 104 TABLE 56 COMPOUND FEED MARKET, BY POULTRY TYPE, 2018–2022 (USD BILLION) 105 TABLE 57 COMPOUND FEED MARKET, BY POULTRY TYPE, 2023–2028 (USD BILLION) 105 10.4 SWINE 105 10.4.1 INCREASING PORK CONSUMPTION TO DRIVE COMPOUND FEED MARKET 105 10.4.2 STARTER 105 10.4.3 SOW 106 10.4.4 GROWER 106 TABLE 58 SWINE: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 106 TABLE 59 SWINE: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 106 TABLE 60 SWINE: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT) 107 TABLE 61 SWINE: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT) 107 TABLE 62 COMPOUND FEED MARKET, BY SWINE TYPE, 2018–2022 (USD BILLION) 107 TABLE 63 COMPOUND FEED MARKET, BY SWINE TYPE, 2023–2028 (USD BILLION) 108 10.5 AQUACULTURE 108 10.5.1 GROWING FISH CONSUMPTION TO FUEL COMPOUND FEED MARKET 108 TABLE 64 AQUACULTURE: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 108 TABLE 65 AQUACULTURE: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 109 TABLE 66 AQUACULTURE: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT) 109 TABLE 67 AQUACULTURE: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT) 109 10.6 OTHER LIVESTOCK 110 TABLE 68 OTHER LIVESTOCK: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 110 TABLE 69 OTHER LIVESTOCK: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 110 TABLE 70 OTHER LIVESTOCK: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT) 111 TABLE 71 OTHER LIVESTOCK: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT) 111 11 COMPOUND FEED MARKET, BY REGION 112 11.1 INTRODUCTION 113 FIGURE 35 GEOGRAPHIC SNAPSHOT (2023–2028): RAPIDLY GROWING MARKETS TO EMERGE AS NEW HOT SPOTS 113 TABLE 72 COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 114 TABLE 73 COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 114 11.2 NORTH AMERICA 114 11.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 115 FIGURE 36 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 115 FIGURE 37 NORTH AMERICAN COMPOUND FEED MARKET: RECESSION IMPACT ANALYSIS 116 FIGURE 38 NORTH AMERICA: COMPOUND FEED MARKET SNAPSHOT 117 TABLE 74 NORTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 117 TABLE 75 NORTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 118 TABLE 76 NORTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (MMT) 118 TABLE 77 NORTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (MMT) 118 TABLE 78 NORTH AMERICA: COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION) 118 TABLE 79 NORTH AMERICA: COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION) 119 TABLE 80 NORTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 119 TABLE 81 NORTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 119 TABLE 82 NORTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT) 120 TABLE 83 NORTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT) 120 TABLE 84 NORTH AMERICA: COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION) 120 TABLE 85 NORTH AMERICA: COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION) 121 TABLE 86 NORTH AMERICA: COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION) 121 TABLE 87 NORTH AMERICA: COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION) 121 11.2.2 US 121 11.2.2.1 Increasing animal rearing for export to drive demand for compound feed 121 TABLE 88 US: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 122 TABLE 89 US: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 122 11.2.3 CANADA 122 11.2.3.1 Rising poultry sector to lead to surge in demand for compound feed in Canada 122 TABLE 90 CANADA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 123 TABLE 91 CANADA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 123 11.2.4 MEXICO 123 11.2.4.1 Growth in poultry and cattle rearing practices to fuel demand for compound feed 123 TABLE 92 MEXICO: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 124 TABLE 93 MEXICO: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 124 11.3 EUROPE 124 11.3.1 EUROPE: RECESSION IMPACT ANALYSIS 125 FIGURE 39 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 125 FIGURE 40 EUROPEAN COMPOUND FEED MARKET: RECESSION IMPACT ANALYSIS 126 TABLE 94 EUROPE: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 126 TABLE 95 EUROPE: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 127 TABLE 96 EUROPE: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (MMT) 127 TABLE 97 EUROPE: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (MMT) 127 TABLE 98 EUROPE: COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION) 128 TABLE 99 EUROPE: COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION) 128 TABLE 100 EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 128 TABLE 101 EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 129 TABLE 102 EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT) 129 TABLE 103 EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT) 129 TABLE 104 EUROPE: COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION) 130 TABLE 105 EUROPE: COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION) 130 TABLE 106 EUROPE: COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION) 130 TABLE 107 EUROPE: COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION) 130 11.3.2 SPAIN 131 11.3.2.1 Increasing demand for better animal nutrition for livestock production to drive compound feed market in Spain 131 TABLE 108 SPAIN: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 131 TABLE 109 SPAIN: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 131 11.3.3 RUSSIA 132 11.3.3.1 Upward trend in livestock production and consumption to drive Russian market 132 TABLE 110 RUSSIA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 132 TABLE 111 RUSSIA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 132 11.3.4 GERMANY 133 11.3.4.1 Improved livestock sector to fuel demand for compound feed in Germany 133 TABLE 112 GERMANY: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 133 TABLE 113 GERMANY: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 133 11.3.5 FRANCE 134 11.3.5.1 Growing concerns regarding livestock diseases to fuel demand for compound feed amongst meat manufacturers 134 TABLE 114 FRANCE: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 134 TABLE 115 FRANCE: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 134 11.3.6 ITALY 135 11.3.6.1 Growing meat production in Italy to lead to increased demand for compound feed 135 TABLE 116 ITALY: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 135 TABLE 117 ITALY: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 135 11.3.7 REST OF EUROPE 135 TABLE 118 REST OF EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 136 TABLE 119 REST OF EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 136 11.4 ASIA PACIFIC 136 11.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 137 FIGURE 41 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 137 FIGURE 42 ASIA PACIFIC COMPOUND FEED MARKET: RECESSION IMPACT ANALYSIS 137 FIGURE 43 ASIA PACIFIC: COMPOUND FEED MARKET SNAPSHOT 138 TABLE 120 ASIA PACIFIC: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 139 TABLE 121 ASIA PACIFIC: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 139 TABLE 122 ASIA PACIFIC: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (MMT) 139 TABLE 123 ASIA PACIFIC: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (MMT) 140 TABLE 124 ASIA PACIFIC: COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION) 140 TABLE 125 ASIA PACIFIC: COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION) 140 TABLE 126 ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 141 TABLE 127 ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 141 TABLE 128 ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT) 141 TABLE 129 ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT) 142 TABLE 130 ASIA PACIFIC: COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION) 142 TABLE 131 ASIA PACIFIC: COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION) 142 TABLE 132 ASIA PACIFIC: COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION) 143 TABLE 133 ASIA PACIFIC: COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION) 143 11.4.2 CHINA 143 11.4.2.1 Advancements in livestock sector to fuel demand for compound feed 143 TABLE 134 CHINA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 144 TABLE 135 CHINA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 144 11.4.3 JAPAN 144 11.4.3.1 Growth opportunity in domestic livestock industry to drive compound feed market 144 TABLE 136 JAPAN: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 145 TABLE 137 JAPAN: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 145 11.4.4 INDIA 145 11.4.4.1 Increased awareness of commercial livestock feed to boost demand for compound feed 145 TABLE 138 INDIA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 146 TABLE 139 INDIA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 146 11.4.5 THAILAND 146 11.4.5.1 Rising exports of meat products and improvements in meat quality to fuel demand for compound feed 146 TABLE 140 THAILAND: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 147 TABLE 141 THAILAND: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 147 11.4.6 REST OF ASIA PACIFIC 147 TABLE 142 REST OF ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 148 TABLE 143 REST OF ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 148 11.5 SOUTH AMERICA 148 11.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 149 FIGURE 44 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 149 FIGURE 45 SOUTH AMERICAN COMPOUND FEED MARKET: RECESSION IMPACT ANALYSIS 150 TABLE 144 SOUTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 150 TABLE 145 SOUTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 150 TABLE 146 SOUTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (MMT) 151 TABLE 147 SOUTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (MMT) 151 TABLE 148 SOUTH AMERICA: COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION) 151 TABLE 149 SOUTH AMERICA: COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION) 152 TABLE 150 SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 152 TABLE 151 SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 152 TABLE 152 SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT) 153 TABLE 153 SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT) 153 TABLE 154 SOUTH AMERICA: COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION) 153 TABLE 155 SOUTH AMERICA: COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION) 154 TABLE 156 SOUTH AMERICA: COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION) 154 TABLE 157 SOUTH AMERICA: COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION) 154 11.5.2 BRAZIL 154 11.5.2.1 Developed animal husbandry sector to present opportunities for compound feed manufacturers 154 TABLE 158 BRAZIL: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 155 TABLE 159 BRAZIL: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 155 11.5.3 ARGENTINA 155 11.5.3.1 Rapid growth in livestock sector to drive demand for compound feed 155 TABLE 160 ARGENTINA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 156 TABLE 161 ARGENTINA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 156 11.5.4 REST OF SOUTH AMERICA 156 TABLE 162 REST OF SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 157 TABLE 163 REST OF SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 157 11.6 REST OF THE WORLD 157 11.6.1 REST OF THE WORLD: RECESSION IMPACT ANALYSIS 158 FIGURE 46 REST OF THE WORLD: INFLATION RATE, BY REGION, 2018–2021 158 FIGURE 47 REST OF THE WORLD COMPOUND FEED MARKET: RECESSION IMPACT ANALYSIS 158 TABLE 164 REST OF THE WORLD: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 159 TABLE 165 REST OF THE WORLD: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 159 TABLE 166 REST OF THE WORLD: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT) 159 TABLE 167 REST OF THE WORLD: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT) 159 TABLE 168 REST OF THE WORLD: COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION) 160 TABLE 169 REST OF THE WORLD: COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION) 160 TABLE 170 REST OF THE WORLD: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 160 TABLE 171 REST OF THE WORLD: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 161 TABLE 172 REST OF THE WORLD: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT) 161 TABLE 173 REST OF THE WORLD: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT) 161 TABLE 174 REST OF THE WORLD: COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION) 162 TABLE 175 REST OF THE WORLD: COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION) 162 TABLE 176 REST OF THE WORLD: COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION) 162 TABLE 177 REST OF THE WORLD: COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION) 162 11.6.2 MIDDLE EAST 163 11.6.2.1 Increasing awareness about meat quality to fuel demand for compound feed 163 TABLE 178 MIDDLE EAST: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 163 TABLE 179 MIDDLE EAST: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 163 11.6.3 AFRICA 164 11.6.3.1 Growing importance of animal rearing and agriculture to drive compound feed market 164 TABLE 180 AFRICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 164 TABLE 181 AFRICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 164 12 COMPETITIVE LANDSCAPE 165 12.1 OVERVIEW 165 12.2 MARKET SHARE ANALYSIS, 2022 165 TABLE 182 GLOBAL COMPOUND FEED MARKET: DEGREE OF COMPETITION, 2022 166 12.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 166 FIGURE 48 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 (USD BILLION) 166 12.4 STRATEGIES ADOPTED BY KEY PLAYERS 167 TABLE 183 STRATEGIES ADOPTED BY KEY PLAYERS IN COMPOUND FEED MARKET 167 12.5 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 168 12.5.1 STARS 169 12.5.2 EMERGING LEADERS 169 12.5.3 PERVASIVE PLAYERS 169 12.5.4 PARTICIPANTS 169 FIGURE 49 GLOBAL COMPOUND FEED MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS) 170 12.6 COMPOUND FEED MARKET: PRODUCT FOOTPRINT (KEY PLAYERS) 170 TABLE 184 COMPANY FOOTPRINT, BY LIVESTOCK 170 TABLE 185 COMPANY FOOTPRINT, BY SOURCE 171 TABLE 186 COMPANY FOOTPRINT, BY REGION 172 TABLE 187 OVERALL COMPANY FOOTPRINT 172 12.7 COMPOUND FEED MARKET: COMPANY EVALUATION QUADRANT FOR STARTUPS/SMES, 2022 173 12.7.1 PROGRESSIVE COMPANIES 173 12.7.2 STARTING BLOCKS 173 12.7.3 RESPONSIVE COMPANIES 173 12.7.4 DYNAMIC COMPANIES 173 FIGURE 50 GLOBAL COMPOUND FEED MARKET: COMPANY EVALUATION QUADRANT, 2022 (STARTUPS/SMES) 174 12.7.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 175 TABLE 188 GLOBAL COMPOUND FEED MARKET: DETAILED LIST OF KEY STARTUPS/SMES 175 TABLE 189 GLOBAL COMPOUND FEED MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 176 12.8 COMPETITIVE SCENARIO 177 12.8.1 PRODUCT LAUNCHES 177 12.8.2 DEALS 177 TABLE 190 COMPOUND FEED MARKET: DEALS, 2019–2023 177 12.8.3 OTHERS 178 TABLE 191 COMPOUND FEED MARKET: OTHERS, 2019–2023 178 13 COMPANY PROFILES 179 13.1 KEY COMPANIES 179 (Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)* 13.1.1 CARGILL, INCORPORATED 179 TABLE 192 CARGILL, INCORPORATED: BUSINESS OVERVIEW 179 FIGURE 51 CARGILL, INCORPORATED: COMPANY SNAPSHOT 180 TABLE 193 CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 180 TABLE 194 CARGILL, INCORPORATED: DEALS 181 TABLE 195 CARGILL, INCORPORATED: OTHERS 181 13.1.2 ADM 182 TABLE 196 ADM: BUSINESS OVERVIEW 182 FIGURE 52 ADM: COMPANY SNAPSHOT 183 TABLE 197 ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 183 TABLE 198 ADM: DEALS 184 13.1.3 CHAROEN POKPHAND FOODS PCL 185 TABLE 199 CHAROEN POKPHAND FOODS PCL: BUSINESS OVERVIEW 185 FIGURE 53 CHAROEN POKPHAND FOODS PCL: COMPANY SNAPSHOT 186 TABLE 200 CHAROEN POKPHAND FOODS PCL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 186 TABLE 201 CHAROEN POKPHAND FOODS PCL: DEALS 187 13.1.4 NEW HOPE GROUP 188 TABLE 202 NEW HOPE GROUP: BUSINESS OVERVIEW 188 TABLE 203 NEW HOPE GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 188 13.1.5 LAND O’LAKES, INC. 190 TABLE 204 LAND O’LAKES, INC.: BUSINESS OVERVIEW 190 FIGURE 54 LAND O’LAKES, INC.: COMPANY SNAPSHOT 190 TABLE 205 LAND O’LAKES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 191 13.1.6 NUTRECO 193 TABLE 206 NUTRECO: BUSINESS OVERVIEW 193 TABLE 207 NUTRECO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 193 TABLE 208 NUTRECO: DEALS 194 13.1.7 ALLTECH 195 TABLE 209 ALLTECH: BUSINESS OVERVIEW 195 TABLE 210 ALLTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 195 TABLE 211 ALLTECH: OTHERS 196 13.1.8 GUANGDONG HAID GROUP CO., LTD. 197 TABLE 212 GUANGDONG HAID GROUP CO., LTD.: BUSINESS OVERVIEW 197 TABLE 213 GUANGDONG HAID GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 197 13.1.9 FEED ONE CO., LTD 199 TABLE 214 FEED ONE CO., LTD.: BUSINESS OVERVIEW 199 FIGURE 55 FEED ONE CO., LTD.: COMPANY SNAPSHOT 199 TABLE 215 FEED ONE CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 200 13.1.10 KENT NUTRITION GROUP 201 TABLE 216 KENT NUTRITION GROUP: BUSINESS OVERVIEW 201 TABLE 217 KENT NUTRITION GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 201 13.1.11 ELANCO ANIMAL HEALTH 203 TABLE 218 ELANCO ANIMAL HEALTH: BUSINESS OVERVIEW 203 FIGURE 56 ELANCO ANIMAL HEALTH: COMPANY SNAPSHOT 204 TABLE 219 ELANCO ANIMAL HEALTH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 204 13.1.12 DE HEUS ANIMAL NUTRITION 206 TABLE 220 DE HEUS ANIMAL NUTRITION: BUSINESS OVERVIEW 206 TABLE 221 DE HEUS ANIMAL NUTRITION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 206 TABLE 222 DE HEUS ANIMAL NUTRITION: DEALS 207 13.1.13 FORFARMERS 208 TABLE 223 FORFARMERS: BUSINESS OVERVIEW 208 FIGURE 57 FORFARMERS: COMPANY SNAPSHOT 209 TABLE 224 FORFARMERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 209 13.1.14 GODREJ AGROVET LIMITED 211 TABLE 225 GODREJ AGROVET LIMITED: BUSINESS OVERVIEW 211 FIGURE 58 GODREJ AGROVET LIMITED: COMPANY SNAPSHOT 212 TABLE 226 GODREJ AGROVET LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 212 13.1.15 KERALA FEEDS LTD 214 TABLE 227 KERALA FEEDS LTD: BUSINESS OVERVIEW 214 TABLE 228 KERALA FEEDS LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 214 13.2 OTHER PLAYERS 215 13.2.1 HUEBER FEED, LLC 215 TABLE 229 HUEBER FEED, LLC: BUSINESS OVERVIEW 215 TABLE 230 HUEBER FEED, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 215 13.2.2 NOR-FEED 216 TABLE 231 NOR-FEED: BUSINESS OVERVIEW 216 TABLE 232 NOR-FEED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216 13.2.3 ARASCO 217 TABLE 233 ARASCO: BUSINESS OVERVIEW 217 TABLE 234 ARASCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 217 13.2.4 BHARAT FEEDS & EXTRACTIONS LTD 219 TABLE 235 BHARAT FEEDS & EXTRACTIONS LTD: BUSINESS OVERVIEW 219 TABLE 236 BHARAT FEEDS & EXTRACTIONS LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 219 13.2.5 UNIVERSAL INDUSTRIES 221 TABLE 237 UNIVERSAL INDUSTRIES: BUSINESS OVERVIEW 221 TABLE 238 UNIVERSAL INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 221 13.2.6 ANFONTAL NUTRITIONS PRIVATE LIMITED 222 TABLE 239 ANFONTAL NUTRITIONS PRIVATE LIMITED: COMPANY OVERVIEW 222 13.2.7 THE CB GROUP 222 TABLE 240 THE CB GROUP: COMPANY OVERVIEW 222 13.2.8 NWF AGRICULTURE 223 TABLE 241 NWF AGRICULTURE: COMPANY OVERVIEW 223 13.2.9 JAPFA 224 TABLE 242 JAPFA: COMPANY OVERVIEW 224 13.2.10 ARIVAN AGROVET PRODUCTS 225 TABLE 243 ARIVAN AGROVET PRODUCTS: COMPANY OVERVIEW 225 *Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies. 14 ADJACENT AND RELATED MARKETS 226 14.1 INTRODUCTION 226 TABLE 244 ADJACENT MARKETS TO COMPOUND FEED MARKET 226 14.2 LIMITATIONS 226 14.3 FEED ADDITIVES MARKET 226 14.3.1 MARKET DEFINITION 226 14.3.2 MARKET OVERVIEW 227 TABLE 245 FEED ADDITIVES MARKET, BY TYPE, 2021–2026 (USD MILLION) 227 14.4 AQUAFEED MARKET 228 14.4.1 MARKET DEFINITION 228 14.4.2 MARKET OVERVIEW 228 TABLE 246 AQUAFEED MARKET, BY INGREDIENT, 2020–2025 (USD MILLION) 228 15 APPENDIX 229 15.1 DISCUSSION GUIDE 229 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 234 15.3 CUSTOMIZATION OPTIONS 236 15.4 RELATED REPORTS 236 15.5 AUTHOR DETAILS 237
SummaryThe global market for compound feed is estimated to be valued at USD 541.2 Billion in 2023 and is projected to reach USD 668.3 Billion by 2028, at a CAGR of 4.3% during the forecast period. The world's population is expected to grow by more than 9.7 billion by 2050, according to IMF. The world's population is steadily increasing, which leads to higher demand for food, including meat, dairy, and poultry products. Compound feed is an efficient way to provide essential nutrients to livestock and improve their growth and productivity. There is also a growing awareness of the importance of animal health and nutrition in ensuring the quality of animal products. Compound feed plays a crucial role in providing balanced nutrition to livestock, promoting their overall health, and reducing the risk of diseases. This increased focus on animal welfare and product quality has contributed to the expansion of the compound feed market. Table of Contents1 INTRODUCTION 241.1 STUDY OBJECTIVES 24 1.2 MARKET DEFINITION 25 1.3 STUDY SCOPE 25 FIGURE 1 MARKET SEGMENTATION 25 1.3.1 INCLUSIONS & EXCLUSIONS 26 1.3.2 REGIONS COVERED 26 1.3.3 YEARS CONSIDERED 27 1.4 UNITS CONSIDERED 27 1.4.1 CURRENCY 27 TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022 28 1.4.2 VOLUME 28 1.5 STAKEHOLDERS 28 1.6 SUMMARY OF CHANGES 29 1.7 RECESSION IMPACT ANALYSIS 29 2 RESEARCH METHODOLOGY 30 2.1 RESEARCH DATA 30 FIGURE 2 COMPOUND FEED MARKET: RESEARCH DESIGN 30 2.1.1 SECONDARY DATA 31 2.1.1.1 Key data from secondary sources 31 2.1.2 PRIMARY DATA 31 2.1.2.1 Key data from primary sources 32 2.1.2.2 Breakdown of primaries 32 2.1.2.3 Key primary insights 33 2.2 MARKET SIZE ESTIMATION 34 2.2.1 APPROACH ONE – BOTTOM-UP (BASED ON TYPE, BY REGION) 34 2.2.2 APPROACH TWO – TOP-DOWN (BASED ON GLOBAL MARKET) 35 2.3 DATA TRIANGULATION 36 FIGURE 3 DATA TRIANGULATION METHODOLOGY 36 2.4 RECESSION IMPACT ON COMPOUND FEED MARKET 37 2.4.1 MACRO INDICATORS OF RECESSION 37 FIGURE 4 INDICATORS OF RECESSION 37 FIGURE 5 WORLD INFLATION RATE: 2011–2021 37 FIGURE 6 GLOBAL GDP: 2011–2021 (USD TRILLION) 38 FIGURE 7 RECESSION INDICATORS AND THEIR IMPACT ON COMPOUND FEED MARKET 39 FIGURE 8 COMPOUND FEED MARKET: EARLIER FORECAST VS. RECESSION FORECAST 40 2.5 STUDY ASSUMPTIONS 41 2.6 LIMITATIONS AND RISK ASSESSMENT OF STUDY 41 3 EXECUTIVE SUMMARY 42 TABLE 2 COMPOUND FEED MARKET SNAPSHOT, 2023 VS. 2028 42 FIGURE 9 COMPOUND FEED MARKET, BY INGREDIENT, 2023 VS. 2028 (USD BILLION) 43 FIGURE 10 COMPOUND FEED MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD BILLION) 44 FIGURE 11 COMPOUND FEED MARKET, BY FORM, 2023 VS. 2028 (USD BILLION) 45 FIGURE 12 COMPOUND FEED MARKET, BY SOURCE, 2023 VS. 2028 (USD BILLION) 45 FIGURE 13 COMPOUND FEED MARKET (VALUE), BY REGION 46 4 PREMIUM INSIGHTS 47 4.1 BRIEF OVERVIEW OF COMPOUND FEED MARKET 47 FIGURE 14 RISING DEMAND FOR PROCESSED MEAT AND ANIMAL PRODUCTS TO FUEL DEMAND FOR COMPOUND FEED 47 4.2 ASIA PACIFIC: COMPOUND FEED MARKET, BY INGREDIENT AND COUNTRY (2022) 47 FIGURE 15 CHINA AND CEREALS ACCOUNTED FOR LARGEST SHARES IN 2022 47 4.3 COMPOUND FEED MARKET, BY LIVESTOCK – COUNTRY WISE AND ASIA PACIFIC 48 FIGURE 16 CHINA TO DOMINATE MARKET DURING FORECAST PERIOD 48 4.4 COMPOUND FEED MARKET, BY FORM AND REGION 49 FIGURE 17 ASIA PACIFIC AND PELLETS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 49 5 MARKET OVERVIEW 50 5.1 INTRODUCTION 50 5.2 MACROECONOMIC INDICATORS 50 FIGURE 18 GLOBAL POPULATION, 2010–2021 51 5.3 MARKET DYNAMICS 51 FIGURE 19 COMPOUND FEED: MARKET DYNAMICS 51 5.3.1 DRIVERS 52 5.3.1.1 Surge in demand for appropriate livestock nutrition 52 5.3.1.2 Growing demand for animal products for commercial use 52 FIGURE 20 GLOBAL MEAT PRODUCTION (KILO TONNES) 53 5.3.1.3 Rising adoption of modern techniques for livestock rearing 53 5.3.1.4 Growth of organized livestock farming in developing countries 54 5.3.2 RESTRAINTS 54 5.3.2.1 Volatile raw material prices for manufacturing compound feed 54 FIGURE 21 GLOBAL RAW MATERIAL PRICES 54 5.3.2.2 Lack of awareness about modern feeding methods in developing countries 55 5.3.3 OPPORTUNITIES 55 5.3.3.1 Growing importance of livestock feeding practice in developing economies 55 5.3.3.2 Expanding market reach through international trade 55 FIGURE 22 LEADING EXPORTERS OF ANIMAL FOOD, 2021 56 FIGURE 23 LEADING IMPORTERS OF ANIMAL FOOD, 2021 56 5.3.4 CHALLENGES 57 5.3.4.1 Stringent regulatory framework 57 5.3.4.2 Quality control of genetic feed products manufactured by Asian companies 57 6 INDUSTRY TRENDS 58 6.1 INTRODUCTION 58 6.2 VALUE CHAIN 58 6.2.1 RESEARCH AND PRODUCT DEVELOPMENT 58 6.2.2 RAW MATERIAL SOURCING AND MANUFACTURING 58 6.2.3 ASSEMBLY 59 6.2.4 DISTRIBUTION 59 6.2.5 MARKETING & SALES 59 FIGURE 24 VALUE CHAIN ANALYSIS OF COMPOUND FEED MARKET 59 6.3 SUPPLY CHAIN ANALYSIS 59 FIGURE 25 COMPOUND FEED MARKET: SUPPLY CHAIN 60 6.4 TECHNOLOGY ANALYSIS 60 6.5 PRICING ANALYSIS: COMPOUND FEED MARKET 60 TABLE 3 GLOBAL COMPOUND FEED AVERAGE SELLING PRICE (ASP), BY REGION, 2020–2022 (USD/TONNES) 61 6.6 MARKET MAPPING AND ECOSYSTEM OF COMPOUND FEED 61 6.6.1 DEMAND SIDE 61 6.6.2 SUPPLY SIDE 61 FIGURE 26 COMPOUND FEED MARKET MAP 61 FIGURE 27 COMPOUND FEED ECOSYSTEM MAPPING 62 6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 63 FIGURE 28 REVENUE SHIFT FOR COMPOUND FEED MARKET 63 6.8 COMPOUND FEED MARKET: PATENT ANALYSIS 64 FIGURE 29 NUMBER OF PATENTS GRANTED FOR COMPOUND FEED, 2012–2022 64 TABLE 4 PATENTS PERTAINING TO COMPOUND FEED, 2020–2022 65 6.9 TRADE DATA: COMPOUND FEED MARKET 66 TABLE 5 TOP 10 IMPORTERS AND EXPORTERS OF COMPOUND FEED, 2020 (KG) 66 TABLE 6 TOP 10 IMPORTERS AND EXPORTERS OF COMPOUND FEED, 2021 (KG) 66 TABLE 7 TOP 10 IMPORTERS AND EXPORTERS OF COMPOUND FEED, 2022 (KG) 67 6.10 CASE STUDIES 67 6.10.1 CARGILL DEVELOPED HIGH-PERFORMANCE FOR HORSE FEED MANUFACTURERS 67 6.10.2 CARGILL DEVELOPED AQUAFEED FOR CLIENT 67 6.11 KEY CONFERENCES & EVENTS IN 2022–2023 68 TABLE 8 KEY CONFERENCES & EVENTS IN COMPOUND FEED MARKET 68 6.12 TARIFF & REGULATORY LANDSCAPE 70 TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70 TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70 TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71 TABLE 12 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71 6.12.1 NORTH AMERICA 71 6.12.1.1 United States (US) 71 6.12.1.2 Canada 72 6.12.2 EUROPEAN UNION (EU) 72 6.12.3 ASIA PACIFIC 73 6.12.3.1 Japan 73 6.12.3.2 China 73 6.12.4 INTERNATIONAL FEED INDUSTRY FEDERATION (IFIF) 74 6.13 PORTER’S FIVE FORCES ANALYSIS 74 TABLE 13 COMPOUND FEED MARKET: PORTER’S FIVE FORCES ANALYSIS 74 6.13.1 INTENSITY OF COMPETITIVE RIVALRY 74 6.13.2 BARGAINING POWER OF SUPPLIERS 75 6.13.3 BARGAINING POWER OF BUYERS 75 6.13.4 THREAT OF SUBSTITUTES 75 6.13.5 THREAT OF NEW ENTRANTS 75 6.14 KEY STAKEHOLDERS AND BUYING CRITERIA 75 6.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 75 TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%) 76 6.14.2 BUYING CRITERIA 76 TABLE 15 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 76 FIGURE 30 KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS 76 7 COMPOUND FEED MARKET, BY INGREDIENT 77 7.1 INTRODUCTION 78 FIGURE 31 COMPOUND FEED MARKET, BY INGREDIENT, 2023 VS. 2028 (USD BILLION) 78 TABLE 16 COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION) 78 TABLE 17 COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION) 79 7.2 CEREALS 79 7.2.1 ABUNDANCE OF CEREAL CROPS TO FUEL COMPOUND FEED MARKET GROWTH 79 TABLE 18 CEREALS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 80 TABLE 19 CEREALS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 80 7.3 CAKES & MEALS 80 7.3.1 RISING DEMAND FOR PROTEIN AND MICRONUTRIENTS IN FEED TO BOOST DEMAND FOR CAKES & MEALS 80 TABLE 20 CAKES & MEALS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 81 TABLE 21 CAKES & MEALS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 81 7.4 BY-PRODUCTS 81 7.4.1 BY-PRODUCTS TO PROVIDE OPTIMUM NUTRITION TO CATTLE AND AQUACULTURE 81 TABLE 22 BY-PRODUCTS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 82 TABLE 23 BY-PRODUCTS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 83 7.5 SUPPLEMENTS 83 7.5.1 NEED FOR MICRONUTRIENTS FOR OVERALL WELL-BEING OF LIVESTOCK TO INCREASE REQUIREMENT OF SUPPLEMENTS 83 TABLE 24 SUPPLEMENTS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 83 TABLE 25 SUPPLEMENTS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 84 8 COMPOUND FEED MARKET, BY SOURCE 85 8.1 INTRODUCTION 86 FIGURE 32 COMPOUND FEED MARKET, BY SOURCE, 2023 VS. 2028 (USD BILLION) 86 TABLE 26 COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION) 86 TABLE 27 COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION) 86 8.2 PLANT-BASED 87 8.2.1 EASY AVAILABILITY AND SUSTAINABILITY OF PLANT-BASED PRODUCTS TO INFLUENCE THEIR APPLICATION IN COMPOUND FEED 87 TABLE 28 PLANT-BASED: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 87 TABLE 29 PLANT-BASED: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 87 8.3 ANIMAL-BASED 88 8.3.1 INCREASED AWARENESS ABOUT ANIMAL-BASED FEED TO INCREASE REQUIREMENT OF COMPOUND FEED 88 TABLE 30 ANIMAL-BASED: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 88 TABLE 31 ANIMAL-BASED: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 89 9 COMPOUND FEED MARKET, BY FORM 90 9.1 INTRODUCTION 91 FIGURE 33 COMPOUND FEED MARKET, BY FORM, 2023 VS. 2028 (USD BILLION) 91 TABLE 32 COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION) 91 TABLE 33 COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION) 92 9.2 MASH 92 9.2.1 FLEXIBILITY IN MASH FORM TO ENABLE CUSTOMIZATION OF NUTRIENT CONTENT FOR SPECIFIC ANIMAL SPECIES AND PRODUCTION STAGES 92 TABLE 34 MASH: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 92 TABLE 35 MASH: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 93 9.3 PELLETS 93 9.3.1 PELLETS TO ACCOUNT FOR LARGEST SHARE IN GLOBAL COMPOUND FEED MARKET 93 TABLE 36 PELLETS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 94 TABLE 37 PELLETS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 94 9.4 CRUMBLES 94 9.4.1 GROWING IMPORTANCE OF CRUMBLES IN POULTRY TO FUEL DEMAND 94 TABLE 38 CRUMBLES: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 95 TABLE 39 CRUMBLES: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 95 9.5 OTHER FORMS 95 TABLE 40 OTHER FORMS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 96 TABLE 41 OTHER FORMS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 96 10 COMPOUND FEED MARKET, BY LIVESTOCK 97 10.1 INTRODUCTION 98 FIGURE 34 COMPOUND FEED MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD BILLION) 98 TABLE 42 COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 98 TABLE 43 COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 99 TABLE 44 COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT) 99 TABLE 45 COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT) 99 10.2 RUMINANTS 100 10.2.1 INCREASING DEMAND FOR HIGH-QUALITY PROTEIN AND MILK TO FUEL MARKET GROWTH 100 10.2.2 DAIRY 100 10.2.3 BEEF 100 10.2.4 CALF 100 10.2.5 OTHER RUMINANTS 100 TABLE 46 RUMINANTS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 101 TABLE 47 RUMINANTS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 101 TABLE 48 RUMINANTS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT) 101 TABLE 49 RUMINANTS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT) 102 TABLE 50 COMPOUND FEED MARKET, BY RUMINANT TYPE, 2018–2022 (USD BILLION) 102 TABLE 51 COMPOUND FEED MARKET, BY RUMINANT TYPE, 2023–2028 (USD BILLION) 102 10.3 POULTRY 103 10.3.1 GROWING DEMAND FOR EGGS IN DEVELOPING COUNTRIES TO FUEL DEMAND FOR COMPOUND FEED IN POULTRY SECTOR 103 10.3.2 BROILERS 103 10.3.3 LAYERS 103 10.3.4 BREEDERS 103 TABLE 52 POULTRY: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 103 TABLE 53 POULTRY: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 104 TABLE 54 POULTRY: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT) 104 TABLE 55 POULTRY: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT) 104 TABLE 56 COMPOUND FEED MARKET, BY POULTRY TYPE, 2018–2022 (USD BILLION) 105 TABLE 57 COMPOUND FEED MARKET, BY POULTRY TYPE, 2023–2028 (USD BILLION) 105 10.4 SWINE 105 10.4.1 INCREASING PORK CONSUMPTION TO DRIVE COMPOUND FEED MARKET 105 10.4.2 STARTER 105 10.4.3 SOW 106 10.4.4 GROWER 106 TABLE 58 SWINE: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 106 TABLE 59 SWINE: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 106 TABLE 60 SWINE: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT) 107 TABLE 61 SWINE: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT) 107 TABLE 62 COMPOUND FEED MARKET, BY SWINE TYPE, 2018–2022 (USD BILLION) 107 TABLE 63 COMPOUND FEED MARKET, BY SWINE TYPE, 2023–2028 (USD BILLION) 108 10.5 AQUACULTURE 108 10.5.1 GROWING FISH CONSUMPTION TO FUEL COMPOUND FEED MARKET 108 TABLE 64 AQUACULTURE: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 108 TABLE 65 AQUACULTURE: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 109 TABLE 66 AQUACULTURE: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT) 109 TABLE 67 AQUACULTURE: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT) 109 10.6 OTHER LIVESTOCK 110 TABLE 68 OTHER LIVESTOCK: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 110 TABLE 69 OTHER LIVESTOCK: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 110 TABLE 70 OTHER LIVESTOCK: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT) 111 TABLE 71 OTHER LIVESTOCK: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT) 111 11 COMPOUND FEED MARKET, BY REGION 112 11.1 INTRODUCTION 113 FIGURE 35 GEOGRAPHIC SNAPSHOT (2023–2028): RAPIDLY GROWING MARKETS TO EMERGE AS NEW HOT SPOTS 113 TABLE 72 COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 114 TABLE 73 COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 114 11.2 NORTH AMERICA 114 11.2.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 115 FIGURE 36 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 115 FIGURE 37 NORTH AMERICAN COMPOUND FEED MARKET: RECESSION IMPACT ANALYSIS 116 FIGURE 38 NORTH AMERICA: COMPOUND FEED MARKET SNAPSHOT 117 TABLE 74 NORTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 117 TABLE 75 NORTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 118 TABLE 76 NORTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (MMT) 118 TABLE 77 NORTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (MMT) 118 TABLE 78 NORTH AMERICA: COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION) 118 TABLE 79 NORTH AMERICA: COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION) 119 TABLE 80 NORTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 119 TABLE 81 NORTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 119 TABLE 82 NORTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT) 120 TABLE 83 NORTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT) 120 TABLE 84 NORTH AMERICA: COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION) 120 TABLE 85 NORTH AMERICA: COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION) 121 TABLE 86 NORTH AMERICA: COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION) 121 TABLE 87 NORTH AMERICA: COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION) 121 11.2.2 US 121 11.2.2.1 Increasing animal rearing for export to drive demand for compound feed 121 TABLE 88 US: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 122 TABLE 89 US: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 122 11.2.3 CANADA 122 11.2.3.1 Rising poultry sector to lead to surge in demand for compound feed in Canada 122 TABLE 90 CANADA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 123 TABLE 91 CANADA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 123 11.2.4 MEXICO 123 11.2.4.1 Growth in poultry and cattle rearing practices to fuel demand for compound feed 123 TABLE 92 MEXICO: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 124 TABLE 93 MEXICO: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 124 11.3 EUROPE 124 11.3.1 EUROPE: RECESSION IMPACT ANALYSIS 125 FIGURE 39 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 125 FIGURE 40 EUROPEAN COMPOUND FEED MARKET: RECESSION IMPACT ANALYSIS 126 TABLE 94 EUROPE: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 126 TABLE 95 EUROPE: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 127 TABLE 96 EUROPE: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (MMT) 127 TABLE 97 EUROPE: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (MMT) 127 TABLE 98 EUROPE: COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION) 128 TABLE 99 EUROPE: COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION) 128 TABLE 100 EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 128 TABLE 101 EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 129 TABLE 102 EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT) 129 TABLE 103 EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT) 129 TABLE 104 EUROPE: COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION) 130 TABLE 105 EUROPE: COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION) 130 TABLE 106 EUROPE: COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION) 130 TABLE 107 EUROPE: COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION) 130 11.3.2 SPAIN 131 11.3.2.1 Increasing demand for better animal nutrition for livestock production to drive compound feed market in Spain 131 TABLE 108 SPAIN: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 131 TABLE 109 SPAIN: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 131 11.3.3 RUSSIA 132 11.3.3.1 Upward trend in livestock production and consumption to drive Russian market 132 TABLE 110 RUSSIA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 132 TABLE 111 RUSSIA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 132 11.3.4 GERMANY 133 11.3.4.1 Improved livestock sector to fuel demand for compound feed in Germany 133 TABLE 112 GERMANY: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 133 TABLE 113 GERMANY: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 133 11.3.5 FRANCE 134 11.3.5.1 Growing concerns regarding livestock diseases to fuel demand for compound feed amongst meat manufacturers 134 TABLE 114 FRANCE: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 134 TABLE 115 FRANCE: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 134 11.3.6 ITALY 135 11.3.6.1 Growing meat production in Italy to lead to increased demand for compound feed 135 TABLE 116 ITALY: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 135 TABLE 117 ITALY: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 135 11.3.7 REST OF EUROPE 135 TABLE 118 REST OF EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 136 TABLE 119 REST OF EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 136 11.4 ASIA PACIFIC 136 11.4.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 137 FIGURE 41 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 137 FIGURE 42 ASIA PACIFIC COMPOUND FEED MARKET: RECESSION IMPACT ANALYSIS 137 FIGURE 43 ASIA PACIFIC: COMPOUND FEED MARKET SNAPSHOT 138 TABLE 120 ASIA PACIFIC: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 139 TABLE 121 ASIA PACIFIC: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 139 TABLE 122 ASIA PACIFIC: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (MMT) 139 TABLE 123 ASIA PACIFIC: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (MMT) 140 TABLE 124 ASIA PACIFIC: COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION) 140 TABLE 125 ASIA PACIFIC: COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION) 140 TABLE 126 ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 141 TABLE 127 ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 141 TABLE 128 ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT) 141 TABLE 129 ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT) 142 TABLE 130 ASIA PACIFIC: COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION) 142 TABLE 131 ASIA PACIFIC: COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION) 142 TABLE 132 ASIA PACIFIC: COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION) 143 TABLE 133 ASIA PACIFIC: COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION) 143 11.4.2 CHINA 143 11.4.2.1 Advancements in livestock sector to fuel demand for compound feed 143 TABLE 134 CHINA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 144 TABLE 135 CHINA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 144 11.4.3 JAPAN 144 11.4.3.1 Growth opportunity in domestic livestock industry to drive compound feed market 144 TABLE 136 JAPAN: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 145 TABLE 137 JAPAN: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 145 11.4.4 INDIA 145 11.4.4.1 Increased awareness of commercial livestock feed to boost demand for compound feed 145 TABLE 138 INDIA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 146 TABLE 139 INDIA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 146 11.4.5 THAILAND 146 11.4.5.1 Rising exports of meat products and improvements in meat quality to fuel demand for compound feed 146 TABLE 140 THAILAND: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 147 TABLE 141 THAILAND: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 147 11.4.6 REST OF ASIA PACIFIC 147 TABLE 142 REST OF ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 148 TABLE 143 REST OF ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 148 11.5 SOUTH AMERICA 148 11.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 149 FIGURE 44 INFLATION: COUNTRY-LEVEL DATA (2018–2021) 149 FIGURE 45 SOUTH AMERICAN COMPOUND FEED MARKET: RECESSION IMPACT ANALYSIS 150 TABLE 144 SOUTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (USD BILLION) 150 TABLE 145 SOUTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (USD BILLION) 150 TABLE 146 SOUTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (MMT) 151 TABLE 147 SOUTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (MMT) 151 TABLE 148 SOUTH AMERICA: COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION) 151 TABLE 149 SOUTH AMERICA: COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION) 152 TABLE 150 SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 152 TABLE 151 SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 152 TABLE 152 SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT) 153 TABLE 153 SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT) 153 TABLE 154 SOUTH AMERICA: COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION) 153 TABLE 155 SOUTH AMERICA: COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION) 154 TABLE 156 SOUTH AMERICA: COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION) 154 TABLE 157 SOUTH AMERICA: COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION) 154 11.5.2 BRAZIL 154 11.5.2.1 Developed animal husbandry sector to present opportunities for compound feed manufacturers 154 TABLE 158 BRAZIL: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 155 TABLE 159 BRAZIL: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 155 11.5.3 ARGENTINA 155 11.5.3.1 Rapid growth in livestock sector to drive demand for compound feed 155 TABLE 160 ARGENTINA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 156 TABLE 161 ARGENTINA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 156 11.5.4 REST OF SOUTH AMERICA 156 TABLE 162 REST OF SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 157 TABLE 163 REST OF SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 157 11.6 REST OF THE WORLD 157 11.6.1 REST OF THE WORLD: RECESSION IMPACT ANALYSIS 158 FIGURE 46 REST OF THE WORLD: INFLATION RATE, BY REGION, 2018–2021 158 FIGURE 47 REST OF THE WORLD COMPOUND FEED MARKET: RECESSION IMPACT ANALYSIS 158 TABLE 164 REST OF THE WORLD: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION) 159 TABLE 165 REST OF THE WORLD: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION) 159 TABLE 166 REST OF THE WORLD: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT) 159 TABLE 167 REST OF THE WORLD: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT) 159 TABLE 168 REST OF THE WORLD: COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION) 160 TABLE 169 REST OF THE WORLD: COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION) 160 TABLE 170 REST OF THE WORLD: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 160 TABLE 171 REST OF THE WORLD: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 161 TABLE 172 REST OF THE WORLD: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT) 161 TABLE 173 REST OF THE WORLD: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT) 161 TABLE 174 REST OF THE WORLD: COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION) 162 TABLE 175 REST OF THE WORLD: COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION) 162 TABLE 176 REST OF THE WORLD: COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION) 162 TABLE 177 REST OF THE WORLD: COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION) 162 11.6.2 MIDDLE EAST 163 11.6.2.1 Increasing awareness about meat quality to fuel demand for compound feed 163 TABLE 178 MIDDLE EAST: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 163 TABLE 179 MIDDLE EAST: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 163 11.6.3 AFRICA 164 11.6.3.1 Growing importance of animal rearing and agriculture to drive compound feed market 164 TABLE 180 AFRICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION) 164 TABLE 181 AFRICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION) 164 12 COMPETITIVE LANDSCAPE 165 12.1 OVERVIEW 165 12.2 MARKET SHARE ANALYSIS, 2022 165 TABLE 182 GLOBAL COMPOUND FEED MARKET: DEGREE OF COMPETITION, 2022 166 12.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 166 FIGURE 48 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 (USD BILLION) 166 12.4 STRATEGIES ADOPTED BY KEY PLAYERS 167 TABLE 183 STRATEGIES ADOPTED BY KEY PLAYERS IN COMPOUND FEED MARKET 167 12.5 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 168 12.5.1 STARS 169 12.5.2 EMERGING LEADERS 169 12.5.3 PERVASIVE PLAYERS 169 12.5.4 PARTICIPANTS 169 FIGURE 49 GLOBAL COMPOUND FEED MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS) 170 12.6 COMPOUND FEED MARKET: PRODUCT FOOTPRINT (KEY PLAYERS) 170 TABLE 184 COMPANY FOOTPRINT, BY LIVESTOCK 170 TABLE 185 COMPANY FOOTPRINT, BY SOURCE 171 TABLE 186 COMPANY FOOTPRINT, BY REGION 172 TABLE 187 OVERALL COMPANY FOOTPRINT 172 12.7 COMPOUND FEED MARKET: COMPANY EVALUATION QUADRANT FOR STARTUPS/SMES, 2022 173 12.7.1 PROGRESSIVE COMPANIES 173 12.7.2 STARTING BLOCKS 173 12.7.3 RESPONSIVE COMPANIES 173 12.7.4 DYNAMIC COMPANIES 173 FIGURE 50 GLOBAL COMPOUND FEED MARKET: COMPANY EVALUATION QUADRANT, 2022 (STARTUPS/SMES) 174 12.7.5 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 175 TABLE 188 GLOBAL COMPOUND FEED MARKET: DETAILED LIST OF KEY STARTUPS/SMES 175 TABLE 189 GLOBAL COMPOUND FEED MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 176 12.8 COMPETITIVE SCENARIO 177 12.8.1 PRODUCT LAUNCHES 177 12.8.2 DEALS 177 TABLE 190 COMPOUND FEED MARKET: DEALS, 2019–2023 177 12.8.3 OTHERS 178 TABLE 191 COMPOUND FEED MARKET: OTHERS, 2019–2023 178 13 COMPANY PROFILES 179 13.1 KEY COMPANIES 179 (Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)* 13.1.1 CARGILL, INCORPORATED 179 TABLE 192 CARGILL, INCORPORATED: BUSINESS OVERVIEW 179 FIGURE 51 CARGILL, INCORPORATED: COMPANY SNAPSHOT 180 TABLE 193 CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 180 TABLE 194 CARGILL, INCORPORATED: DEALS 181 TABLE 195 CARGILL, INCORPORATED: OTHERS 181 13.1.2 ADM 182 TABLE 196 ADM: BUSINESS OVERVIEW 182 FIGURE 52 ADM: COMPANY SNAPSHOT 183 TABLE 197 ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 183 TABLE 198 ADM: DEALS 184 13.1.3 CHAROEN POKPHAND FOODS PCL 185 TABLE 199 CHAROEN POKPHAND FOODS PCL: BUSINESS OVERVIEW 185 FIGURE 53 CHAROEN POKPHAND FOODS PCL: COMPANY SNAPSHOT 186 TABLE 200 CHAROEN POKPHAND FOODS PCL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 186 TABLE 201 CHAROEN POKPHAND FOODS PCL: DEALS 187 13.1.4 NEW HOPE GROUP 188 TABLE 202 NEW HOPE GROUP: BUSINESS OVERVIEW 188 TABLE 203 NEW HOPE GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 188 13.1.5 LAND O’LAKES, INC. 190 TABLE 204 LAND O’LAKES, INC.: BUSINESS OVERVIEW 190 FIGURE 54 LAND O’LAKES, INC.: COMPANY SNAPSHOT 190 TABLE 205 LAND O’LAKES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 191 13.1.6 NUTRECO 193 TABLE 206 NUTRECO: BUSINESS OVERVIEW 193 TABLE 207 NUTRECO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 193 TABLE 208 NUTRECO: DEALS 194 13.1.7 ALLTECH 195 TABLE 209 ALLTECH: BUSINESS OVERVIEW 195 TABLE 210 ALLTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 195 TABLE 211 ALLTECH: OTHERS 196 13.1.8 GUANGDONG HAID GROUP CO., LTD. 197 TABLE 212 GUANGDONG HAID GROUP CO., LTD.: BUSINESS OVERVIEW 197 TABLE 213 GUANGDONG HAID GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 197 13.1.9 FEED ONE CO., LTD 199 TABLE 214 FEED ONE CO., LTD.: BUSINESS OVERVIEW 199 FIGURE 55 FEED ONE CO., LTD.: COMPANY SNAPSHOT 199 TABLE 215 FEED ONE CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 200 13.1.10 KENT NUTRITION GROUP 201 TABLE 216 KENT NUTRITION GROUP: BUSINESS OVERVIEW 201 TABLE 217 KENT NUTRITION GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 201 13.1.11 ELANCO ANIMAL HEALTH 203 TABLE 218 ELANCO ANIMAL HEALTH: BUSINESS OVERVIEW 203 FIGURE 56 ELANCO ANIMAL HEALTH: COMPANY SNAPSHOT 204 TABLE 219 ELANCO ANIMAL HEALTH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 204 13.1.12 DE HEUS ANIMAL NUTRITION 206 TABLE 220 DE HEUS ANIMAL NUTRITION: BUSINESS OVERVIEW 206 TABLE 221 DE HEUS ANIMAL NUTRITION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 206 TABLE 222 DE HEUS ANIMAL NUTRITION: DEALS 207 13.1.13 FORFARMERS 208 TABLE 223 FORFARMERS: BUSINESS OVERVIEW 208 FIGURE 57 FORFARMERS: COMPANY SNAPSHOT 209 TABLE 224 FORFARMERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 209 13.1.14 GODREJ AGROVET LIMITED 211 TABLE 225 GODREJ AGROVET LIMITED: BUSINESS OVERVIEW 211 FIGURE 58 GODREJ AGROVET LIMITED: COMPANY SNAPSHOT 212 TABLE 226 GODREJ AGROVET LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 212 13.1.15 KERALA FEEDS LTD 214 TABLE 227 KERALA FEEDS LTD: BUSINESS OVERVIEW 214 TABLE 228 KERALA FEEDS LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 214 13.2 OTHER PLAYERS 215 13.2.1 HUEBER FEED, LLC 215 TABLE 229 HUEBER FEED, LLC: BUSINESS OVERVIEW 215 TABLE 230 HUEBER FEED, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 215 13.2.2 NOR-FEED 216 TABLE 231 NOR-FEED: BUSINESS OVERVIEW 216 TABLE 232 NOR-FEED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216 13.2.3 ARASCO 217 TABLE 233 ARASCO: BUSINESS OVERVIEW 217 TABLE 234 ARASCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 217 13.2.4 BHARAT FEEDS & EXTRACTIONS LTD 219 TABLE 235 BHARAT FEEDS & EXTRACTIONS LTD: BUSINESS OVERVIEW 219 TABLE 236 BHARAT FEEDS & EXTRACTIONS LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 219 13.2.5 UNIVERSAL INDUSTRIES 221 TABLE 237 UNIVERSAL INDUSTRIES: BUSINESS OVERVIEW 221 TABLE 238 UNIVERSAL INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 221 13.2.6 ANFONTAL NUTRITIONS PRIVATE LIMITED 222 TABLE 239 ANFONTAL NUTRITIONS PRIVATE LIMITED: COMPANY OVERVIEW 222 13.2.7 THE CB GROUP 222 TABLE 240 THE CB GROUP: COMPANY OVERVIEW 222 13.2.8 NWF AGRICULTURE 223 TABLE 241 NWF AGRICULTURE: COMPANY OVERVIEW 223 13.2.9 JAPFA 224 TABLE 242 JAPFA: COMPANY OVERVIEW 224 13.2.10 ARIVAN AGROVET PRODUCTS 225 TABLE 243 ARIVAN AGROVET PRODUCTS: COMPANY OVERVIEW 225 *Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies. 14 ADJACENT AND RELATED MARKETS 226 14.1 INTRODUCTION 226 TABLE 244 ADJACENT MARKETS TO COMPOUND FEED MARKET 226 14.2 LIMITATIONS 226 14.3 FEED ADDITIVES MARKET 226 14.3.1 MARKET DEFINITION 226 14.3.2 MARKET OVERVIEW 227 TABLE 245 FEED ADDITIVES MARKET, BY TYPE, 2021–2026 (USD MILLION) 227 14.4 AQUAFEED MARKET 228 14.4.1 MARKET DEFINITION 228 14.4.2 MARKET OVERVIEW 228 TABLE 246 AQUAFEED MARKET, BY INGREDIENT, 2020–2025 (USD MILLION) 228 15 APPENDIX 229 15.1 DISCUSSION GUIDE 229 15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 234 15.3 CUSTOMIZATION OPTIONS 236 15.4 RELATED REPORTS 236 15.5 AUTHOR DETAILS 237
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