The Latest Compound Feed Industry Statistics Explained
The global compound feed market was valued at USD 436.32 billion in 2020.
The statistic stating that the global compound feed market was valued at USD 436.32 billion in 2020 signifies the total monetary worth of the market in that particular year. Compound feed refers to a mixture of various raw materials and additives that are specifically formulated to provide balanced nutrition to livestock such as poultry, cattle, swine, and others. This statistic indicates the significant size and economic importance of the compound feed industry on a global scale in terms of revenue generated from the production and sales of compound feed products for animal consumption in 2020.
The compound feed industry is projected to grow at a CAGR of 1.6% over the forecast period, 2021-2026.
The statistic indicates that the compound feed industry is expected to experience a Compound Annual Growth Rate (CAGR) of 1.6% over the period from 2021 to 2026. This means that, on average, the industry is anticipated to grow by 1.6% year-over-year during this timeframe. CAGR is a useful measure for understanding the steady rate of growth of an industry or market over multiple years, providing a single number that represents the compound annual growth rate. In this case, the projection suggests that the compound feed industry is expected to exhibit modest but consistent growth over the next five years.
Asia-pacific region dominates the compound feed market with a share of 35.9% as of 2020.
The statistic ‘Asia-pacific region dominates the compound feed market with a share of 35.9% as of 2020’ implies that the Asia-Pacific region holds a substantial portion of the global market for compound feed products. This region has a higher market share compared to other regions worldwide, indicating its significant influence and presence in the industry. The dominance of the Asia-Pacific region suggests that it is a key player in the production and consumption of compound feed, which is essential for livestock and animal nutrition. Factors such as population growth, increasing demand for animal products, and a growing livestock industry in countries within the Asia-Pacific region likely contribute to its dominance in the global compound feed market.
The poultry sector is anticipated to dominate the compound feed industry, accounting for 35% of the global market.
The statistic indicates that the poultry sector is expected to have a significant influence on the compound feed industry, comprising 35% of the total global market share. This suggests that poultry farming is a major consumer of compound feed products, likely due to the large scale of poultry production worldwide. The dominance of the poultry sector in the compound feed industry can be attributed to the high demand for feed ingredients for poultry to support their growth, health, and productivity. This statistic highlights the importance of the poultry sector as a key driver in the overall demand and consumption patterns within the compound feed market on a global scale.
Europe’s compound feed production, including EU28, was at 164.32 million tonnes in 2020.
The statistic ‘Europe’s compound feed production, including EU28, was at 164.32 million tonnes in 2020’ represents the total amount of compound feed, a mixture of different ingredients used as animal feed, produced across Europe, including all 28 member countries of the European Union. This figure provides insight into the scale of the agricultural industry in Europe and its reliance on compound feed to nourish livestock for meat, dairy, and other related products. The quantity highlights the significant demand for animal feed within Europe, reflecting the importance of the agriculture sector in providing food sources for both domestic consumption and export markets. Additionally, fluctuations in compound feed production can be influenced by various factors such as changes in livestock populations, dietary requirements, market demands, and external factors like weather conditions and global economic trends.
Cargill Incorporated, Archer Daniels Midland Company, and Charoen Pokphand account for the major shares of the compound feed market.
The statistic suggests that three major players, namely Cargill Incorporated, Archer Daniels Midland Company, and Charoen Pokphand, dominate the market for compound feed. This implies that these three companies hold a significant portion of the market share in the compound feed industry, which is likely to influence pricing, availability, and competition within the market. Their dominance could also indicate strong brand recognition, extensive distribution networks, and advanced capabilities in production and supply chain management compared to other competitors. As key stakeholders in the compound feed market, Cargill, Archer Daniels Midland, and Charoen Pokphand are likely to have a substantial impact on the overall dynamics and trends of the industry.
Global compound feed production has surpassed 1 billion tonnes in 2018.
The statistic that global compound feed production exceeded 1 billion tonnes in 2018 signifies a significant milestone in the agricultural industry. Compound feed, consisting of a mixture of various ingredients such as grains, vitamins, and minerals, plays a crucial role in the livestock and poultry sectors by providing essential nutrients for animal growth and productivity. The milestone of surpassing 1 billion tonnes demonstrates the scale of global demand for animal feed, reflecting the growing population and increasing consumption of animal protein worldwide. This statistic also highlights the importance of efficient feed production and distribution systems to meet the nutritional needs of livestock and support sustainable agricultural practices.
Demand for compound feed in China has increased by 2% in 2020.
The statistic indicates that in China, there was a 2% increase in the demand for compound feed in 2020 compared to the previous year. This implies that there was a growth in the market for compound feed products, which are typically used as animal feed in agriculture. The increase could be influenced by various factors such as population growth, changes in consumer preferences, livestock production trends, or even government policies. A rise in demand for compound feed suggests a potentially expanding agricultural sector in China, which could have broader implications for the country’s economy and food production industry.
The market for compound feed in the United States was valued at USD 58.56 Billion in 2020.
The statistic that the market for compound feed in the United States was valued at USD 58.56 Billion in 2020 indicates the total worth of sales for compound feed products in the country during that year. Compound feed is a mixture of various ingredients such as grains, vitamins, minerals, and protein sources that are given to livestock animals to ensure proper nutrition and growth. This statistic highlights the size and importance of the compound feed industry in the United States, showing the significant economic value and scale of the market for these products within the agricultural sector.
The aquafeed segment of compound feed industry is predicted to grow at the highest CAGR of 4.9% in the next five years.
This statistic indicates that the aquafeed segment within the compound feed industry is expected to experience the highest compound annual growth rate (CAGR) of 4.9% over the next five years. This suggests that the demand for aquafeed products, which are specifically formulated to meet the nutritional requirements of aquatic animals such as fish and shrimp, is projected to increase at a faster rate compared to other segments within the compound feed industry. Factors driving this growth may include the expanding aquaculture industry, rising consumer demand for seafood products, and advancements in aquafeed technology. Overall, this prediction highlights the potential for significant growth opportunities within the aquafeed sector in the near future.
As of 2020, 54% of the compound feed industry utilized corn as the primary feed ingredient.
The statistic ‘As of 2020, 54% of the compound feed industry utilized corn as the primary feed ingredient’ indicates that corn is the predominant feed ingredient in the compound feed industry, accounting for more than half of the total composition. This suggests that corn plays a crucial role in the production of compound feed as a key source of nutrients for livestock animals. The high utilization of corn underscores its importance within the industry, likely due to factors such as its nutritional value, availability, and cost-effectiveness compared to other feed ingredients. This statistic provides valuable insights into the composition and preferences of the compound feed industry, highlighting the significance of corn in meeting the dietary needs of livestock animals.
The circulation of feed grain in compound feed industry is predicted to be over 962 million metric tons by 2026.
The statistic states that the total amount of feed grain distributed within the compound feed industry is expected to exceed 962 million metric tons by the year 2026. This prediction indicates a substantial volume of feed grain being utilized in the production of compound feed for livestock and other animals. The high circulation of feed grain suggests a growing demand for compound feed products, potentially driven by increasing livestock populations, expanding animal farming operations, and the overall growth of the agricultural industry. This statistic highlights the significant role that feed grain plays in supporting the global food supply chain and underscores the importance of efficient distribution systems in meeting the dietary needs of livestock and enhancing agricultural productivity.
India has shown a CAGR of 8% in compound feed consumption, one of the highest globally.
The statistic suggests that India has experienced consistent growth in compound feed consumption with a Compounded Annual Growth Rate (CAGR) of 8%, which is considered one of the highest globally. A CAGR of 8% indicates that the consumption of compound feed in India has been increasing by an average of 8% per year over a specific period. This growth rate is significant as it reflects a substantial expansion in the demand for compound feed within the country’s agricultural and livestock sectors. The statistic highlights India’s strong and sustained performance in this specific sector compared to other countries worldwide, indicating a positive trend and potential opportunities for further development in the agricultural industry.
By 2022, the global market for medicated feed additives is expected to reach USD 15.32 Billion, contributing to compound feed industry growth.
The statistic states that by the year 2022, the global market for medicated feed additives is projected to reach USD 15.32 billion, which will significantly contribute to the growth of the compound feed industry. This indicates a strong demand for medicated feed additives in the livestock and animal feed sector, driven by factors such as increasing awareness of animal health and welfare, rising demand for quality animal products, and the need for efficient and safe feed solutions to enhance animal growth and performance. The growth in the medicated feed additives market reflects the growing importance of enhancing the productivity and health of livestock, which in turn is expected to propel the overall expansion of the compound feed industry on a global scale.
By 2025, the global organic feed market size is expected to reach USD 19.86 billion, driving the demand for compound feed.
The statistic reveals a significant growth projection for the global organic feed market by 2025, with an anticipated market size of USD 19.86 billion. This robust growth is expected to be driven by increasing consumer demand for organic products, including organic livestock feed. As consumers become more conscious of health and environmental concerns, there is a growing preference for organic and sustainable agricultural practices, which extend to animal farming. This projection suggests a shifting trend towards organic feed products, which in turn is expected to boost the demand for compound feed, thereby signaling a significant opportunity for players in the livestock and feed industry to capitalize on this emerging market segment.
Soybean meal, used in compound feed, is expected to register a CAGR of 3.1% between 2021 to 2026.
The statistic indicates that the compound feed industry’s utilization of soybean meal is projected to experience a compound annual growth rate (CAGR) of 3.1% from 2021 to 2026. This means that over the given period, there is an expected yearly average increase of 3.1% in the volume or value of soybean meal used in compound feed production. This growth rate reflects a positive trend in the demand for soybean meal as a key ingredient in compound feed formulations, likely driven by factors such as increasing livestock production, evolving dietary preferences, and expanding feed industry operations. The CAGR provides insight into the steady growth trajectory of soybean meal as a component of compound feed, offering valuable information for stakeholders within the agriculture and feed industries to make informed decisions and strategic plans for the future.
The compound feed production in Spain and Germany in 2020 was approximately 34.5 million tons.
The statistic stating that the compound feed production in Spain and Germany in 2020 was around 34.5 million tons indicates the total combined output of animal feed in both countries during that year. Compound feed is a mixture of various ingredients that provide essential nutrients for livestock, such as protein, carbohydrates, vitamins, and minerals. This statistic highlights the significant agricultural and livestock industries in Spain and Germany, as well as the importance of feed production to support the growth and health of animals for the food supply chain. The figure of 34.5 million tons reflects the scale of feed demand within these countries and emphasizes the role of the agricultural sector in maintaining food security and sustainability.
In 2020, ruminant feed held a significant share of the compound feed market, accounting for over 27% of total market revenue.
In 2020, ruminant feed accounted for a significant portion of the compound feed market, contributing over 27% of the total market revenue. This statistic indicates that ruminant feed, which is specifically formulated for animals like cattle, sheep, and goats that have a unique digestive system capable of digesting plant-based feed efficiently, played a crucial role in the overall compound feed industry. The high market share of ruminant feed suggests a strong demand for these products and highlights the importance of catering to the nutritional needs of ruminant animals in the agricultural sector. This information is valuable for feed manufacturers, farmers, and other stakeholders in the livestock industry to understand market trends, plan production strategies, and meet the needs of ruminant livestock effectively.
The global demand for swine feed, a crucial part of compound feed, is expected to reach USD 149.50 billion by 2027.
The statistic refers to the projected increase in worldwide demand for swine feed, which is a key component of compound feed used in animal agriculture. The figure of USD 149.50 billion estimated by 2027 indicates the anticipated market value for swine feed products. This trend suggests a growing demand for products designed to support the nutrition and health of swine livestock, driven by factors such as population growth, increasing meat consumption, and evolving farming practices. The statistic signals opportunities for feed manufacturers, agricultural producers, and other stakeholders in the industry to adjust their strategies and meet the rising global demand for swine feed products in the coming years.
North America is expected to grow at a CAGR of 4.5% in the compound feed industry from 2021 to 2026.
The statistic “North America is expected to grow at a CAGR of 4.5% in the compound feed industry from 2021 to 2026” means that the compound feed industry in North America is projected to increase at an annual growth rate of 4.5% over the next five years. This Compound Annual Growth Rate (CAGR) is a measure used to understand the mean annual growth rate of an investment over a specified period of time, in this case, from 2021 to 2026. The forecasted growth rate indicates that the compound feed industry in North America is expected to experience steady and consistent growth during this period, which can be attributed to various factors such as increasing demand for animal-based products, technological advancements in feed production, and changing consumer preferences.
Conclusion
Understanding the statistics of the compound feed industry is vital for making informed decisions and driving growth in the agricultural sector. By analyzing key trends and data points, stakeholders can better navigate market dynamics and capitalize on emerging opportunities. Stay informed and proactive to stay ahead in this dynamic and essential industry.
References
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