The
rise in demand of healthy and safe animal derived food as a result of
increased consumer awareness has brought about the development in
compound feed production and usage. The compound feed is produced for
livestock to provide adequate amount of nutrients to them. It
maximizes the performance of livestock. A few factors which drive the
global
compound feed market are
enhanced performance of livestock and rise in meat consumption. The
rise in disposable income is the main factor that is leading the
increase in meat consumption. The technological developments in
manufacturing process of compound feed improve the nutritional value
and safety of compound feed.
Compound
feed is processed food specifically manufactured for target animals.
It facilitates the enhanced performance and productivity of animals.
Compound feed also prevents deficiency diseases and improves immunity
on addition of feed additives. Compound feed is a major part in food
chain for providing sustainable and nutritious food. It is the single
biggest cost in animal husbandry systems.
Compound
feed refers to food items produced especially for animals, such as
fodder. Feed additives, on the other hand, are food supplements that
are mixed in the compound feed to enhance the health and the
productivity of animals. These products are important elements in
livestock rearing, holding approximately a share of 70% in the total
production cost incurred on livestock farming. The utilization of
compound feed and feed additives has a significant impact on the
production costs as their effective usage improve the quality and
quantity of milk, meat, and eggs, ensuring considerable returns.
The
demand for compound feed and feed additives has increased
significantly in the recent past. The rise in meat consumption,
growing demand for eggs and milk, and the increased awareness
regarding the benefits offered by compound feed and additives are
prompting livestock farmers to include them in the diet of animals,
driving significant market growth.
The
report presents a comprehensive analysis of the markets for compound
feed and feed additives. In this study, both the markets have been
separately evaluated on the basis of the type and the region. Based
on the type, the global compound feed market has been classified into
swine feed, poultry feed, cattle feed, aqua feed, and pet food. The
swine feed segment is likely to dominate the overall market in the
coming years, expanding at a CAGR of 3.92% during the period from
2012 to 2017. Analysts predict the segment to reach US$81.1 bn by
2017.
By
geography, the compound feed market is led by North America, which
registered market revenue to the tune of US$ 72.3 billion in 2010.
The most promising growth potential in the compound feed industry
will be shown by Asia over the forecast period as the consumption of
animal-based and animal-derived products is escalating here because
of high disposable incomes. In the global feed additives market,
Europe was the largest spender with a 33.5% share of the global feed
additives market, amounting to US$ 5078.7 million as of 2012.
The
report on the compound feed market and feed additives market studies
each product segment and geographical market in detail to offer sharp
insights and better-decision making capabilities to market players.
According to the study, Land
O'Lakes Inc., Nutreco, Cargill Inc., and New Hope Group are leading
the worldwide markets for compound feed and feed additives.
