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Animal Feed .

Published October, 2017
Global Compound Feed Market- Size, Trends, Competitive Analysis and Forecasts (2017-2022)

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The increasing global purchasing power in recent times has brought about a shift in diet and food consumption patterns towards livestock products. The global demand for animal protein is expected to increase 70% by 2050. The key challenge for the livestock industry is to produce sustainable meat with limited resources and create less pressure on the environment, creating a need for compound feed. Apart from improving nutritional value compound feed is gaining importance for their role in meat quality improvement. The global compound feed industry was worth $472 billion in 2017 and is forecasted to grow at the CAGR of 2.4% till 2022.

The global compound feed market is driven by growing meat and meat-based products consumption and industrialization in the livestock industry. The consolidation in the global meat industry along with push for scientific production systems will maintain a steady consumption of compound feed during the forecast period. The major factors restraining the growth of the compound feed market are competition for raw materials with other industries and susceptibility to volatility in agriculture market exposing the market to price fluctuations. The increasing amount of protest about the carbon emissions from livestock industry is a matter of serious concern for the compound feed industry. Continued expansion of organic meat and poultry markets is expected, increasing opportunities for organic feed.

Poultry is the fastest growing domain, especially in developing countries of Asia, South America and Africa. The high returns is the main reason for high adoption rate of the sector. Growing global acceptance for industrialized poultry farming, swelling meat demands and meat safety concerns, will maintain a steady demand for poultry feed. Globally surging demands and struggling supplies in the pork chain have resulted in stressed surroundings for the farmers. As profits in the sector are usually under pressure, optimizing feed and feeding programs has become important in order to maximize efficiency and optimize productivity. Aquafeed is the fastest growing segment in the global compound feed industry pushed by the increasing global demand for seafood and growing aquaculture farming practices.

The demand for meat protein is rising in Asia-Pacific region especially in China, India, Malaysia, Thailand etc. with rapid economic growth in the region. Increased adoption of intensive production systems to increase yield and productivity to cater to rising domestic demand of meat and meat products is expected to maintain a steady demand for compound feed in Asia. China is the largest consumer in the world accounting for around 18% of the global market. The Government’s target towards self-sufficiency to reduce dependency on meat imports is the major driving factor for growth in compound feed industry in Japan.  Major players in Asia are focused on Thailand, Malaysia, India and Vietnam for business expansion and also create awareness among famers to increase demand. 

North America accounts for around 25% of the global compound feed market. Compound feed market in North America is in late growth stage and the demand has been consistent since 2012. The characteristic moderate growth of late growth stage in the region triggers fights for market share. The intense rivalry has led to price discounting and new product innovations as the most adopted strategies.

Despite Africa’s huge demand for the feed, the region depends heavily on imported feed from the USA, Europe, Brazil and China. Africa has the fastest growing population with the highest birth rate in the world. Meat and fish are the most common animal proteins in African diets. Africa holds a great potential for the players looking for business expansion.

The global compound feed industry is highly fragmented at regional level and concentrated at global level. Little scope of differentiation in the products and low switching costs for buyers, has led to a price war in the industry especially among the key global players. Major players all over the globe are competing on the dimensions of product features, support services, delivery time and brand image to attract and retain customers thereby leading to zero-sum competition. A number of participants have been focusing on developing economies such as India, China, Brazil, and Argentina where high growth is anticipated. Cargill Inc., ForFarmers B.V., De Hues B.V., Nutreco N.V are the major players in the industry.

Key Deliverables

  • Market trends since 2013 and five year forecasts of market growth 
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments and countries  
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects and competition pattern
  • Insights on growth potential of the market in key countries 
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry

1. Introduction                                                                                 

                1.1 Research Methodology                                                                         

                1.2 Scope of the Study                                                                  

                1.3 Assumptions                                                                              

2. Summary                                                                                       

                2.1 Market Summary By Animal Type                                                                     

                2.2 Market Summary By Additives Type                                                                

                2.3 Market Summary by Geography                                                                       

                2.4 Business Trends Summary                                                                   

3. Industry Dynamics                                                                                     

                3.1 Drivers                                                                          

                                3.1.1 Emphasis on Industrialization of livestock industry in Asia and South America           

                                3.1.2 Increased consumption of Livestock Products                                                         

                                3.1.3 Growth in Aquaculture Industries                                                 

                                3.1.4 Increased Weightage on safety of meat and milk products                                               

                3.2 Restraints                                                                    

                                3.2.1 Use of raw materials-Feed vs fuel debate                                                 

                                3.2.2 Anti-Livestock Global Narrative                                                      

                                3.2.3 Growing Consumption of plant based proteins                                                       

                                3.2.4 Environmental concern                                                     

                3.3 Opportunities                                                                            

                                3.3.1 Organic Feed                                                          

                                3.3.2 Increasing awareness in Africa                                                       

                3.4 Porter’s Five Forces Analysis                                                                               

                                3.4.1 Bargaining power of Suppliers                                                        

                                3.4.2 Bargaining power of Buyers                                                             

                                3.4.3 Degree of Competition                                                      

                                3.4.4 Threat of Substitution                                                        

                                3.4.5 Threat of new entrants                                                     

                3.5 Future Trends in Compound Feed Industry                                                                  

                3.6 Value Chain Analysis                                                                               

                3.7 Industry Policies & Regulations                                                                          

                3.8 Market Innovations                                                                

4. Market Size and Forecast                                                                                       

                4.1 Market Share, Animal Type                                                                 

                                4.1.1 Ruminant                                                 

                                                4.1.1.1 Dairy                                      

                                                4.1.1.2 Beef                                       

                                                4.1.1.3 Calf                                         

                                4.1.2 Swine                                                        

                                4.1.3 Poultry                                                      

                                                4.1.3.1 Layers                                    

                                                4.1.3.2 Broilers                                 

                                                4.1.3.3 Turkey                                   

                                4.1.4 Aquaculture                                                           

                                4.1.5 Others                                                      

                4.2 Market Share, Ingredients                                                                   

                                4.2.1 Cereals                                                     

                                4.2.2 Cereals by-Product                                                              

                                4.2.3 Oilseeds & Derivatives                                                       

                                4.2.4 Fats & Oils                                               

                                4.2.5 Mollases                                                  

                                4.2.6 Additives                                                 

                                4.2.7 Others                                                      

               4.3 Market Share, Additives Type                                                                            

                                4.3.1 Antibiotics                                                               

                                4.3.2 Vitamins                                                   

                                4.3.3 Amino Acids                                                           

                                4.3.4 Acidifiers                                                  

                                4.3.5 Minerals                                                   

                                4.3.6 Antioxidants                                                           

                                4.3.7 Pellet Binders                                                        

                                4.3.8 Enzymes                                                  

                                4.3.9 Others                                                      

5. Country Market Share                                                                                             

                5.1 North America                                                                          

                                5.1.1 U.S.                                                            

                                5.1.2 Canada                                                     

                                5.1.3 Mexico                                                     

                                5.1.4 Others                                                      

                5.2 Europe                                                                         

                                5.2.1 Spain                                                         

                                5.2.2 U.K.                                                            

                                5.2.3 Netherlands                                                           

                                5.2.4 France                                                       

                                5.2.5 Germany                                                 

                                5.2.6 Russia                                                        

                                5.2.7 Italy                                                            

                                5.2.8 Others                                                      

                5.3 Asia-Pacific                                                                 

                                5.3.1 China                                                         

                                5.3.2 India                                                          

                                5.3.3 Japan                                                         

                                5.3.4 Indonesia                                                

                                5.3.5 South Korea                                                           

                                5.3.6 Thailand                                                   

                                5.3.7 Vietnam                                                   

                                5.3.8 Australia                                                   

                                5.3.9 Others                                                      

                5.4 South America                                                                          

                                5.4.1 Brazil                                                          

                                5.4.2 Argentina                                                

                                5.4.3 Colombia                                                 

                                5.4.4 Chile                                                          

                                5.4.5 Others                                                      

                5.5 Africa                                                                            

                                5.5.1 South Africa                                                            

                                5.5.2 Egypt                                                         

                                5.5.3 Nigeria                                                      

                                5.5.4 Others                                                      

6. Competitive Analysis                                                                                

                6.1 Market Share Analysis                                                                           

                6.2 Growth Strategies of leading players                                                                              

                6.3 Investment and Development Prospects                                                                      

                                6.3.1 Investment in past five years                                                          

                                6.3.2 Investment Opportunities                                               

                6.4 Competition Pattern                                                                              

                                6.4.1 Concentration Ratio                                                            

                                6.4.2 Industry Competition                                                         

                                6.4.3 Product Competition                                                          

                6.5 Price Trend Analysis                                                                

                                6.5.1 Product Classifications and Their Prices                                                      

                                6.5.2 Factors Influencing Prices                                                 

7. Company Profiles                                                                                       

                7.1 Alltech                                                                          

                7.2 Cargill                                                                            

                7.3 CP Foods                                                                     

                7.4 DaChan Group (Asia) Ltd.                                                                     

                7.5 De Heus Voeders B.V.                                                                           

                7.6 DeKalb Feeds                                                                            

                7.7 For Farmers B.V.                                                                      

                7.8 Haid Group                                                                 

                7.9 JA Zen-Noh                                                                

                7.10 Kent Feeds                                                                               

                7.11 New Hope Liuhe                                                                    

                7.12 Nutreco N.V.                                                                           

                7.13 Land O Lakes                                                                           

                7.14 Tangrenshen Group (TRS)                                                                 

                7.15 Wen's Food Group                                                                

Appendix                                                                                           

                Sources                                                                               

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