World Compound Feed Market to Register 4.4% CAGR to 2022, States M&M in Its Topical Research Report Available at MarketPublishers.com
12 Dec 2017 • by Natalie Aster
LONDON – The compound feed market is anticipated to gain momentum from USD 428.09 billion as of 2017 to amount to USD 530.92 billion by 2022, posting a 4.4% CAGR, by value. The sector’s expansion is fuelled by the incased consumption of animal-based foods and expansion of the organised livestock sector in developing regions. Hindrances to product penetration in developing economies act as one of the considerable limiting factors for the compound feed market.
Based on ingredients, cereals captured the lion’s share of the overall market in 2016, by value. Cereals are the main source of energy and are used more abundantly to meet the livestock’s energy requirements. High-energy rations are chiefly made up of cereals. The soaring demand for high-energy diets to boost the performance of the livestock has led to a hike in the demand for this segment.
Europe grabbed the 2nd-largest share as of 2016, by value. Along with a hike in feed production, the demand for compound feed is likely to surge in the offing. A greater focus on quality and safe products has raised the use of compound feed in the region.
Topical research report “Compound Feed Market - Global Forecast to 2022” created by M&M offers an all-encompassing analysis of the market worldwide. It provides an exhaustive examination and segmentation of the market by ingredient, source, form, livestock, and geography-wise. It gives granular market size estimates in tandem with exhaustive forecasts for the entire marketplace and each of its specific segments. The report casts light on the major drivers, restraints, opportunities, and challenges. It includes an analysis of the value chain, supply chain, and regulatory framework. The research publication gives an all-round overview of the competitive situation and key trends, provides market ranking by key player. It also profiles the dominant market players discussing their products, developments, SWOT analysis, etc.
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