Global Compound Feed Market Industry Trends and Forecast to 2029


The main drivers of the compound feed market's expansion include rising demand for animal- and plant-based products, particularly in developing economies, growing attention to market trends, increased use of modern agricultural practises to increase productivity, rapid economic growth in emerging nations combined with widespread adoption of cutting-edge technologies, and rising industry competitiveness.

Compound feed is a term used to describe animal feed that contains a high concentration of compound components. Based on food supply and quality, compound feed is helpful in preserving livestock and aquaculture output. In other words, compound feed gives domestic and livestock animals an adequate amount of nutrients.

The cereals segment of the Compound Feed Market was valued at USD 218,226.1 million in 2019 and is projected to reach USD 281,256.4 million by 2025, registering a CAGR of 4.3% during the forecast period.

During the pandemic the cattle market was affected to a large extent. The market for compound feed was also impacted. The compound feed manufacturing facilities were shut down along with a number of other industries. There was a lack of raw materials due to restrictions on mobility and the supply chain. Due to limitations on import and export operations, the supply of compound feed to several countries has also stopped. Due to the pandemic's decreased demand for meat and poultry, the market experienced a downturn.

A need for high-quality feed will arise as public awareness of high-quality food items and safer food products with animal origins grows. The market will expand well throughout the projection period since less land is being used for the cultivation of cattle. There is a growth in animal husbandry due to an increasing demand for animal products. In the upcoming years, there will be a rise in demand for this product as there are more restaurants and food chains around the world, which is a structured sector. Technology is being used more frequently to solve the problem of the amount of land accessible for animal husbandry. There is an expansion the management of livestock has changed as a result of industrialization.

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