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COMPOUND FEED MARKET 2021 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
COMPOUND FEED MARKET 2021 Compound Feed Market 2021: Industry Survey, Growth, CompetitiveLandscape and Forecasts to 2023 • The global compound feed market size is estimated to balloon to USD 539.99 billion by 2023, asserts Market Research Future (MRFR). The substantial growth witnessed in organized livestock farming is the primary driver of the market. Dependence on farming by agriculture-dependent economies of India, China, and Brazil is likely to support the trend. The shift from agricultural waste to predefined foods by farmers to enhance the health of animals can drive the demand for compound feeds. • Precision nutrition is gaining prominence in agriculture circles to improve the health of animals. The science is used to create feeds with a balanced ratio of specific nutrients to cater to their diets. This can trigger the demand in the compound feed market with farmers able to maintain the health of animals with ease. • High consumption of meat by consumers can spark the need for compound feeds which contains essential nutrients and enforces a strong diet. Preference of protein-based foods such as meat, milk, seafood, and eggs are predicted to encourage farmers to improve their animal husbandry practices and adopt compound feeds in the diets of animals. • Stringent rules pertaining to testing of animal feeds can act as a growth restraint. In addition, fluctuating prices of raw materials such as wheat, barley, and others are likely to hamper market growth. www.marketresearchfuture.com
COMPOUND FEED MARKET 2021 Study Objectives of COMPOUND FEED Market: The compound feed market is segmented by ingredient, supplement, and livestock. By ingredient, the market is segmented into cereals, cereal by-products, oilseed meal, oils, molasses, supplements, and others. By supplement, the compound feed market is segmented into vitamins, antibiotics, antioxidants, amino acids, enzymes, acidifiers, and others. By livestock, it is segmented into ruminants, aquaculture, poultry, swine, and others. Enquiry of the Report: https://www.marketresearchfuture.com/enquiry/5384 www.marketresearchfuture.com
COMPOUND FEED MARKET 2021 Regional Analysis • Region-wise, the compound feed market includes North America, South America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). APAC held close to 38.69% share in 2017, followed by Europe (24.98%), North America (21.34%), South America (11.78%), and RoW (3.21%). • North America can exhibit 3.80% CAGR to accrue close to USD 113.8 million by 2023. This can be credited to presence of numerous feed mills in the U.S. and Mexico. Rising demand for seafood coupled with high requirement for compound feeds to cater to the diets of broilers can augur well for the market. Browse Report @ https://www.marketresearchfuture.com/reports/compound-feed-market-5384 www.marketresearchfuture.com
COMPOUND FEED MARKET 2021 Application & Major Players in this Research: COMPOUND FEED Market Prominent Players: Animal feed producers and suppliers in the compound feed market are COFCO (China), United Animal Health Inc. (U.S.), Land 'O Lakes Inc. (U.S.), Nutreco NV (The Netherlands), Weston Milling Animal Nutrition (Australia), Feedone Co., Ltd. (Japan), Archer Daniels Midland (ADM) Company (U.S.), PT JapfaComfeed Indonesia Tk (Indonesia), Cargill Inc. (U.S.), New Hope Group (China), Charoen Pokphand Foods PCL (Thailand), Neovia Group (France), and ForFarmers NV (The Netherlands). Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/5384 www.marketresearchfuture.com
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