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Global Compound Feeds and Additives Market to Reach $636.0 Billion by 2029: A Multi-Billion Dollar Industry

for further exploration.

Factors contributing to this growth include:

1.  Increasing consumption of animal protein.: As the global population grows, so does the demand for animal-based food products like meat, dairy, and eggs. More people are incorporating these protein-rich foods into their diets, leading to an increase in consumption. This surge in demand for animal protein is driving the need for sustainable and efficient animal production, which in turn fuels the growth of the compound feed market. Simply put, as people eat more meat, dairy, and eggs, the need for high-quality animal feed increases, supporting the expansion of the compound feed industry.

2.  Increasing demand for nutrient-dense feed.: Farmers and animal producers want to raise healthy animals that grow quickly and efficiently. To achieve this, they need feed that is packed with nutrients. As a result, there is a growing demand for nutrient-dense feed that provides animals with the vitamins, minerals, and proteins they need to thrive. This type of feed helps animals grow stronger, faster, and more resilient, making it a crucial component of modern agriculture. By using nutrient-dense feed, farmers can improve the quality and productivity of their animals, leading to better outcomes for their businesses and the food industry.

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Report Synopsis

Report Metrics

Details

Base year considered

2023

Forecast Period considered

2024-2029

Base year market size

$508.1 Billion

Market Size Forecast

$636.0 Billion

Growth Rate

CAGR of 3.8% from 2024 to 2029

Segment Covered

By Type of Livestock, Form, Ingredient Type, and Region

Regions covered

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa (MEA)

Countries covered

China, India, Japan, Vietnam, U.S., Canada, Mexico, Spain, Germany, France, Russia, Brazil, Argentina, The Middle East, and Africa

Key Market Drivers

•  Increasing consumption of animal protein

•  Increasing demand for nutrient-dense feed

this report on compound feeds and additives: global markets provide comprehensive insights and analysis, addressing the following key questions:

What is the projected growth rate and market size of compound feed and additives market?
The estimated market size of the compound feed and additives market will be $636.0 billion by 2029, with a CAGR of 3.8%.What are the key factors driving the growth of the compound feed and additives market?
Increasing consumption of animal protein.
The increasing demand for nutrient-dense feed.
Growing awareness about animal nutrition in developing economies.What segments are covered in the market?
The compound feed and additives market is segmented based on type of livestock, form, type of ingredients, and region. Segmentation is based on the type of livestock; the market is segmented into poultry, ruminant, swine, aquaculture, and others. The market is segmented based on form into mash, pellet, crumbles, and others. Based on the type of ingredients, the compound feed and additives market is segmented into cereal ingredients, cakes and meals, milling by-products, supplements, and others. Regional estimates and forecasts comprise North America, Europe, Asia-Pacific, South America, and Middle East & Africa.By form, which segment will dominate the market by 2029?
The mash segment will continue to dominate the market by the end of 2029.Which region has the highest market share?
Asia-Pacific holds the largest market share due to the growing livestock production and rising demand for animal protein.

Some of the Key Market Players Are:

AB AGRI LTD.ADISSEOADMALLTECHCARGILL INC.CHS INC.CHAROEN POKPHAND FOODS PCLFORFARMERSKALMBACH FEEDSLOUIS DREYFUS CO.ROQUETTE FRERES

Browse for more related reports:

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