Global Market Scenario of Compound Feed • Global compound feed market size was estimated at more than 970 million tons in 2014 and is likely to exceed 1100 million tons by 2023, growing at CAGR of above 1.4%. • Cereal based compound feed market size accounted for the largest share with over 35% of the total volume in 2014. Other ingredients include oil seed meals, molasses and cereal by-products. • Amino acids market size dominated the compound feed additive demand and accounted for over 28% of the total volume in 2014. Global amino acid market size was above 6.5 million tons in 2014 and is likely to exceed 10.1 million tons by 2022, with estimated gains at 5.5%. • Swine based compound feed market was the largest and accounted for over 30% of the total demand in 2014. Poultry is likely to grow at significant rate over the next seven years. • https://www.gminsights.com/industry-analysis/compound-feed-market
Continue..... • Increase in livestock production such as poultry, swine and broiler coupled with rise in meat consumption is likely to drive compound feed market over the forecast period. • Growth in human life expectancy coupled with scarce availability of water & land resources for animal production and increase in grain demand for ethanol & food production have paved meat industry to optimize compound feed utilization. • Additives consist of amino acids, vitamins, antibiotics, antioxidants, acidifiers and enzymes. These additives act useful in ensuring certain factors in animals such as appropriate weight gain, disease & vitamin deficiency prevention and improvement in digestion & conversion. • Get more detail @ https://www.gminsights.com/industry-analysis/compound-feed-market
360° Analysis • Application Analysis • Additives consist of amino acids, vitamins, antibiotics, antioxidants, acidifiers and enzymes. These additives act useful in ensuring certain factors in animals such as appropriate weight gain, disease & vitamin deficiency prevention and improvement in digestion & conversion. These factors help in ensuring improvement in meat quality production. Antibiotics are likely to witness sluggish growth rate over the forecast period owing to ban on its usage in the U.S and Europe. • Regional Analysis • North America was the dominant region in 2014 with emergence of frozen meat and meat outlets. • Asia Pacific is likely to be the fastest growing regional market during the forecast period owing to increase in per-capita meat consumption with respect to growth in middle class spending capacity, especially in China, South Korea and India. Population expansion is another factor expected to drive the demand. • Competitive Market Share • The compound feed market share is fragmented and companies are engaged mergers & acquisitions to minimize competition. Major industry players include ADM, Altech Inc., Cargill and New Hope Group. Other key industries include BallanceAgri-Nutrients, Charoen Pokphand, Heiskell & Co, Ewos Group, Nutreco NV, Zhen DA International Group, De HeusVoeders B.V. and Miratorg Agribusiness Holding.
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