10 January 2019 –
The Global
Animal Compound Feed Market is expected to grow at a significant
CAGR in the upcoming years as the scope and its applications are increasing
across the globe. A mixture of raw materials and supplements of vegetable or
animal origin, fed to livestock is known as compound feed. They are used in
order to provide an adequate diet for high producing animals. The most commonly
used ingredients in animal compound feed include wheat, corn, soybean, amino
acids, antibiotics, minerals, etc.
The factors that propel the growth of the Animal Compound
Feed Market include growing demand, ever increasing population, significant
rise in worldwide meat consumption, technological innovations and upturn in
livestock production. In addition, some other factors such as rising awareness
regarding meat quality and safety, rise in disposable income, and growing
health awareness from protein intake by meat consumption.
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On the other hand, there are also factors that may hamper
the growth of the market such as rise in the cost of raw materials. Animal
Compound Feed Market is classified on the basis of product type, applications,
distribution channel and geography. Animal Compound Feed Industry is segmented
by product type as form (solid feed, liquid feed), additives (amino acids,
antibiotics, acidifiers, antioxidants, enzymes, vitamins,) and others.
Animal Compound Feed Market is classified on applications as
poultry, ruminant, pig, and others. Animal Compound Feed Industry is segmented
by distribution channel as online stores, specialty stores and others. Animal
Compound Feed Market is classified on the basis of geography as North America,
Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle
East and Africa.
The North American region consists of the U.S., and Canada.
Latin America region consists of Mexico and Brazil. The Western European region
consists of Germany, Italy, France, England and Spain. The Eastern European
region consists of Poland and Russia. Asia Pacific region consists of China,
India, ASEAN, Australia & New Zealand. The Middle East and African region
consists of GCC, South Africa and North Africa.
Some of the key players that fuel the growth of the Animal
Compound Feed Market include ADM, Altech, BallanceAgri-Nutrients, Cargill,
Charoen Pokphand, De HeusVoeders B.V, Ewos Group, Heiskell& Co, Miratorg
Agribusiness Holding, New Hope Group, Nutreco NV, Zhen DA International Group,
and others. The key players are focusing on inorganic growth to sustain
themselves amidst fierce competition. As such, mergers, acquisitions, and joint
ventures are the need of the hour.
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Market Segment:
Key Applications
•
Poultry
•
Pig
•
Ruminant
•
Other
Key Regions
·
North America
·
Europe
·
Asia Pacific
·
Middle East and Africa
·
South America
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