Controlled-Release Fertilizers Market Size, Share, and Global Forecast (2022-2030)"

 

Controlled-Release Fertilizers Market Overview

Controlled-release fertilizers (CRFs) are fertilizers that release nutrients slowly over time, providing a more efficient and sustainable way to fertilize crops.

The global controlled-release fertilizers market is projected to reach a value of USD 2.9 billion by 2030, growing at a CAGR of 5.9% from 2022 to 2030. The growth of the market is driven by the increasing demand for food, the growing focus on sustainable agriculture, and the development of new CRF technologies. CRFs are used in a variety of crops, including cereals, fruits, vegetables, and ornamentals. They are also used in turf and ornamentals. CRFs are available in a variety of forms, including granules, prills, and coated fertilizers.

Market Segmentation

The global controlled-release fertilizers market is segmented by type, mechanism, crop type, and region.

On the basis of the type, the global controlled-release fertilizers market is segmented into controlled release organic fertilizers (CROF), controlled release inorganic fertilizers (CRIF), controlled release coated fertilizers (CRCF), controlled release coated urea (CRCU), and others. CROF are sub-segmented into natural organic compounds (animal manure, sewage sludge etc.) and synthetic organic compounds (urea formaldehyde (UF), isobutylene-diurea (IBDU), urea acetaldehyde/cyclo diurea (CDU)). CRIF are sub-segmented into metal ammonium phosphates (KNH4PO4 and MgNH4PO4), and partially acidulated phosphate rock (PAPR). CRCF is sub-segmented into coated granules and matrix coating. Coated granular CRFs are further segmented to organic polymer coating materials (for instance, thermoplastics, and resins) and inorganic coating materials (including sulfur and other minerals). The matrix coating is further segmented into hydrophobic matrix coating (e.g. polyolefin, rubber etc.,) and hydrophilic matrix coating (hydrogels). CRCU are sub-segmented into CRCU with a sulfur-based coating material, CRCU with a polymer-based coating material, CRCU with a superabsorbent coating material (hydrogel), and CRCU with bio-composite coating material among other. CRCU segment dominate the market owing to advantages of urea-based fertilizer such as high nitrogen content (46%), low cost, and ease of application.

Based on the mechanism of controlled release, the global controlled release fertilizers market is segmented into osmosis mechanism and diffusion mechanism. Diffusion mechanism of controlled release of fertilizers accounted to hold a singificant share of the market in 2020 due to its advantages over osmosis mechanism such more controlled release rate and high consumption of polymer-based controlled release fertilizers over sulfur-based fertilizers.

Based on the crop type, the global controlled release fertilizers market is segmented into ornamental & nurseries, agriculture, and turf & lawns. The agriculture application accounted for the largest market share under crop type in 2017 on account of growing need for food production due to expanding population across the globe and is likely to continue growing over the forecast period 2018–2023.

Regional Analysis

The global controlled-release fertilizers market outlook is spanned across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. North America was the major market for the controlled release fertilizers in 2020, followed by Europe, which is further trailed by Asia Pacific. The Middle East & Africa and Latin America are expected to show a moderate demand for controlled release fertilizers over the forecast period.

Competitive Analysis

Some of the key players in the global controlled-release fertilizers market are BASF SE (Germany), Nutrien Ltd. (Canada), Yara International ASA (Norway), Koch Agronomic Services, LLC. (U.S.), ICL (Israel), AGLUKON Spezialdünger GmbH & Co. KG (Germany), COMPO EXPERT (Germany), Ekompany (Netherlands), Haifa Chemicals Ltd. (Israel), Kingenta (China), and The Scotts Company LLC (U.S.).

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Glyphosate Market's Agriculture: Sustainable Growth Anticipations by 2030"

 

Glyphosate Market Overview

Glyphosate Market Size is Anticipated to reach USD 17.5 billion by 2030 and is expected to register 6.2% CAGR by 2022 to 2030. Glyphosate is a broad-spectrum herbicide that is used to kill weeds. It is the most widely used herbicide in the world, and it is used in a variety of agricultural, industrial, and residential applications.

The growth of the market is driven by the increasing demand for food, the growing focus on sustainable agriculture, and the development of new glyphosate formulations.

Glyphosate is used to control a wide range of weeds, including grasses, broadleaf weeds, and woody plants. It is also used to desiccate crops before harvest. Glyphosate is a non-selective herbicide, which means that it kills all plants that it meets.

The global key players in the global glyphosate market Size for glyphosate is fragmented, with a number of small and medium-sized companies competing with a few large multinational companies. ADAMA Agricultural Solutions Ltd. (Israel), Bayer Cropscience AG (Germany), DowDupont (US), Nantong Jiangshan agrochemical & Chemical, Inc (China), BASF SE (Germany), Nufarm Limited (Australia), Corteva Agriscience, Syngenta AG (Switzerland), Zhejiang Xinan Chemical Industrial Group Co.,Ltd (China), UPL Limited (India), Excel Crop Care Limited (India), American Vanguard Corporation (US), King Quenson Industry Group (China), and Sinochem Corporation (China)are some of the

The market for glyphosate is expected to grow in the coming years, driven by the factors mentioned above. The increasing demand for food, the growing focus on sustainable agriculture, and the development of new glyphosate formulations are all expected to contribute to the growth of the market.

Here are some of the key trends in the glyphosate market:

The increasing demand for food: The global population is growing, and with it, the demand for food. Glyphosate is used to increase crop yields, so it is expected to see increased demand in the coming years.

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The growing focus on sustainable agriculture: There is a growing focus on sustainable agriculture, and glyphosate is seen as a sustainable way to control weeds. Glyphosate can help to reduce the use of other herbicides, which can be harmful to the environment.

The development of new glyphosate formulations: New glyphosate formulations are being developed that are more effective and less harmful to the environment. These new formulations are expected to drive growth in the market.

The glyphosate market is a dynamic and growing market. The factors mentioned above are expected to drive the growth of the market in the coming years.

However, there are also some challenges to the growth of the glyphosate market outlook. These include:

The increasing regulation of glyphosate: There is increasing regulation of glyphosate in some countries, due to concerns about its potential health and environmental impacts. This could limit the growth of the market in these countries.

The development of alternative herbicides: There are a number of alternative herbicides being developed, and some of these herbicides may be more effective or less harmful to the environment than glyphosate. This could also limit the growth of the glyphosate market.

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"Organic Feed Market Growth: Projected to Reach a Global Value of USD 12.36 Billion by 2030 with a 7.20% CAGR"

 

Market Forecast

Global Organic Feed Market size is projected to be valued at USD 12.36451511 Billion by 2030 at a CAGR of 7.20% between 2023 and 2030.

Consumers are highly demanding organic milk, meat, poultry, eggs, and leather products, which require organic livestock production. Thus, the demand for organic feed is increasing with the growth of organic animal husbandry. A system of livestock production that promotes the use of organic and biodegradable inputs from the ecosystem in terms of animal nutrition and health is known as organic animal husbandry. The government of various countries is also making efforts to educate and encourage the farmers to adopt organic farming practices, which eases the raw material supply in the organic feed market and contributes to its growth. The market players are also emphasizing on product launches, partnerships, acquisitions, and expansions to meet the increasing market demand. For instance, ForFarmers N.V. on 2 October 2018 announced the acquisition of Van Gorp Biologische Voeders B.V. through its subsidiary Reudink to expand its production capacity in organic feed.

Growth Opportunities in the Market

Increasing Organic Farmland for Cereals & Grains: The cereals & grains segment dominated the global organic feed market in 2019 and is expected to remain the largest during the forecast period. Among all the crops, cereals & grains are the major crops grown across the globe. With an increasing shift to organic farming practices among the farmers, there is increasing organic farmland for cereals & grains owing to its high demand for human as well as animal consumption.

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Feed in Crumbled Form Gaining Popularity in the Poultry Sector: Crumbles are extracted from whole pellets, which are rolled into a smaller size. They are smaller broken up pellets, which makes it easier for the smaller breeds during their intake. Crumbles have recently gained popularity in feeding broilers as they tend to prefer the smaller crumbles over the large pellets.

Growth of Aquaculture across the Globe: The aqua market is growing at a tremendous rate owing to the growing demand for aqua-based protein and increasing consumption of seafood across the globe. It is mainly dominated by shellfish and herbivorous and omnivorous pond fish. Thus, the market players are focusing on increasing the range of organic feed for aquaculture species.

Key Players

Jones Feed Mills Ltd. (UK),The Organic Feed Company (UK),Modesto Milling Inc. (US),Scratch and Peck Feeds Mill (US),Land O'Lakes, Inc. (US),Forfarmers N.V. (Netherlands),Ranch-Way Feeds (US),Wolcottville Organic Livestock Feed (US),Kreamer Feed, Inc. (US),Aller Aqua A/S (Denmark),B&W Feeds Ltd (UK),HI Peak Feeds Ltd (UK),Country Heritage Feeds (Australia),Yorktown Organics, LLC (US),Feedex Companies (US),,---

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Fruits & Vegetable Seeds Industry Set to Surge from USD 6.66 Billion in 2023 to USD 12.39 Billion by 2032"

 

Fruits and Vegetable Seeds Market Outlook

Fruit & Vegetable Seeds Market size was valued at USD 6.17 Billion in 2021 and is projected to reach USD 11.43 Billion by 2030, growing at a CAGR of 8.06% from 2022 to 2030. The fruits & vegetable seed market has witnessed a significant boost in the last few years owing to various factors such as increasing demand for nutritional and healthy food, and the adoption of modern agricultural practices. Increase in seed replacement rate and growing adoption of GM crops are the other driving factors for the fruits & vegetable seeds market. However, varying climatic conditions and regulations for the cultivation of GM crops may negatively affect the growth of the market. Increasing demand for organic fruits & vegetables, diversified demand, and cultivation of exotic fruits & vegetables have created new opportunities for the seed manufacturers.

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Surging demand for healthy food items along with adoption of modern agricultural practices are key factors driving the growth of the market. Other factors supporting the growth of the market include an increase in seed replacement rate and surging adoption of GM crops. However, the market growth might be hindered by fluctuating climatic conditions and regulations governing the cultivation of GM crops. Nevertheless, the market is gaining opportunities from the heightened demand for exotic fruits & vegetables across the globe.

Competitive Landscape

Mahindra Group (India), Advanta Limited (India), Groupe Limagrain Holding (France), Bayer AG (Germany), Rijk Zwaan Zaadteelt en Zaadhandel B.V (Netherlands), Western Bio Vegetable Seeds Ltd (India), Syngenta AG (Switzerland), Sakata Seed Group (US), Maharastra Hybrid Seeds Company Private Limited (Mahyco) (India), and TAKII & CO., LTD. (India) are the key players in the global fruits & vegetable seeds market.

Regional Analysis

Region-wise, the fruits & vegetable seed market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

The global fruits & vegetables market is being dominated by APAC. Accelerated agricultural activities in countries such as China, Japan, and India are contributing to the growth of the market. Moreover, cultivation of diversified range of crops can also be credited for the market growth.

North America is expected to be the fastest growing fruits & vegetable seeds market. Augmenting demand as well as cultivation of fruits and vegetables in the region is supporting the growth of the market. The established food & beverage industry is also supporting the growth of the market.

Segmentation

The fruits and vegetable seeds market has been segmented based on type, trait, and category.

By type, the fruit and vegetable seeds market has been segmented into brassica, cucurbits, Solanaceae, amaryllidaceous, citrus family, and others. The brassica segment has been further segmented into cauliflower, cabbage, broccoli, and other brassica. The cucurbits segment has been further segmented into cucumber, melons, squash, and others. The Solanaceae segment has been further segmented into tomato, eggplant, potato, and others. The Amaryllidaceous segment has been further segmented into onion, garlic, and others. The Citrus family segment has been further segmented into orange, lime, and others.

The Solanaceae segment is anticipated to capture the largest share of the market over the forecast period. Vegetables of the Solanaceae category are extensively for various applications due to which the segment is witnessing heightened demand. The leafy fruits and vegetables segment is also anticipated to register the highest CAGR over the forecast period. Leafy fruits and vegetables are aligned with numerous health benefits and surging awareness among consumers regarding the same is boosting the growth of the segment.

By trait, the fruit and vegetable seeds market outlook has been segmented into GM and non-GM. The GM segment is likely to gain the higher share of the market. GM seeds have superior characteristics and exhibit faster growth, higher yield, and high disease resistance as compared to non-GM seeds, due to which the segment is expanding. The GM segment is also experiencing heightened demand from the food & beverage industry and is anticipated to capture the higher CAGR over the forecast period.

By category, the fruit and vegetable seeds market has been segmented into organic and conventional. The conventional segment accounts for the larger share of the market, however, the organic segment is likely to witness heightened growth over the forecast period and emerge as the fastest growing segment over the forecast period. The growth of the segment can be attributed to the rising inclination of consumers towards organic products.

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Micro Irrigation Systems Market Overview, Size, and Share (2022-2030)"

 Micro Irrigation System Market Outlook

The micro irrigation system market size was valued at USD 599.2 million in 2021. The micro irrigation system industry is projected to grow from USD 633.65 million in 2022 to USD 937.16 million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.75% during the forecast period (2022–2030). Growth in greenhouse vegetable production, increasing use of artificial intelligence in micro irrigation system, and higher yield requirements are the key market drivers enhancing the micro irrigation system market growth.

Covid 19 Analysis

The Micro Irrigation System Market Research has been affected because of the arrival of the novel coronavirus pandemic. The markets have been facing a crunch of resources and skilled labor that is hampering the ability of the market to meet the rising needs of the target audience.

Hence, the markets and governments are increasing their investment in the research and development departments that will prevent the misuse of water and promote optimal and judicious use.

Regional Outlook

The global industry is spread across certain regions, namely Europe, the Middle East & Africa, North America, along with the Asia Pacific.

Asia Pacific will remain the top market for micro irrigation systems market Insights throughout the analysis period while also attaining the fastest CAGR between 2020 and 2027. The APAC market’s strength lies in the vast population whose livelihood is largely dependent on agriculture. The escalating adoption rate of modern farming practices along with the surge in government funds and subsidies encouraging the use of micro-irrigation systems, especially in India will be favorable for the regional market. India is ranked among some of the top producers of crops, and with the government investing considerably in the farming sector, the adoption of cost-effective and efficient solutions is bound to further increase in the years ahead. The South Korean government has implemented smart farming schemes and policies that foster the use of these systems in the agriculture industry. The government is also planning to build massive smart farm complexes that could help attract the younger population and raise their interest in farming. Apart from this, it intends to grant small-sized farmlands to the professionals to kickstart their business, which should bolster the demand for advanced products such as micro-irrigation systems.

The North American market will presumably take the lead in the coming years, as the adoption of micro-irrigation systems has picked up pace in line with the modernization of the existing farming practices. Significant awareness levels regarding the benefits of these systems and the practices that facilitate them should also be favorable for the regional market. The agriculture sector in the United States happens to be one of the most important ones in the world. The U.S. Department of Agriculture reveals that the country, in 2018, consisted 2,029,200 of total farms that occupied around 899,500,00 acres of land. Most of the farmers are well-trained and make use of the latest technologies while also adopting innovative agricultural practices.

The Row market will also gain traction at a steady pace between 2020 and 2027, thanks to the huge demand for micro-irrigation systems across South American countries like Brazil and Argentina. This could be accredited to the accelerated uptake of sustainable agricultural techniques among the farmers.

Growth Drivers and Deterrents

Although being an essential service, drip irrigation systems have seen a heavy drop in demand post the COVID-19. Irrigation agencies have been facing challenges related to procuring of inputs, maintenance, and equipment. Fiscal issues are rampant owing to additional costs as well as reduced revenues from state transfers as well as tariffs. Farmers have had to deal with the lesser accessibility to advanced irrigation equipment, thereby curbing the growth of the micro irrigation market to a large extent. However, micro-irrigation systems are still in demand worldwide, owing to the rising awareness about their benefits, such as reduced water wastage and prevention of soil erosion. The demand has remained steady, especially in countries facing water scarcity. Farmers are increasingly focusing on using these systems to bolster crop yields while using the minimum amount of water.

Substantial increase in technological advances in micro- Irrigation System market report has been a blessing for farmers in the agricultural sector, while also letting household owners with big lands better manage the water flow as well as intake of plants. Micro-irrigation systems are generally available in two forms, namely sprinklers and drips that help bring down the total intake of the crops while boosting the yield. Emerging regions such as Latin America and the Asia Pacific are fueling the sales of these systems backed by supportive government policies including low-interest subsidies and loans for farmers.

Governments worldwide are motivating farmers to make use of micro-irrigation systems, which could also stimulate the market growth rate over the following years. Given the scenario, industry participants are striving to come up with low-cost and more efficient micro-irrigation systems. Several regional government bodies offer free electricity to farmers, which is yet another reason for the strong adoption rate of these systems.

Segmental Review

The micro-irrigation system industry can be considered for type, crop type, and end-use.

The micro-irrigation system market outlook, depending on the type, caters to sprinkler irrigation and drip irrigation.

The micro-irrigation system market, with respect to crop type, can be split into the landscape, field crop, plantation crop, and others.

The end-use industries listed in the report are open fields as well as a closed system.

Affluent Participants

The most Key Micro Irrigation System Market Players affluent industry participants listed in the report are Chinadrip Irrigation Equipment Co. Ltd (China), Jain Irrigation Systems Limited (India), Lindsay Corporation (US), Kothari Agritech Private Limited (India), Nelson Irrigation Corporation (US), Netafim Ltd (Israel), Rain Bird Corporation (US), EPC Industrie (India), Irritec S.p.An (Italy), Harvel Agua (India), Antelco Pty Ltd (Australia), Deere & Company (US), The Toro Company (US), Rivulis Irrigation Limited (Israel), Elgo Irrigation Ltd (Israel), and many more

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Blood Meal Market Size and Share Overview's Forecast (2023-2032) by MRFR Report"

 

Blood Meal Market Overview’s

Blood Meal Market Size was valued at USD 2.2 Billion in 2022. The Blood Meal market industry is projected to grow from USD 2.27 Billion in 2023 to USD 2.99 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.50% during the forecast period (2023 - 2032). The increasing use of blood meal in animals and rising demand for meat products are the key market drivers enhancing the market growth. Driven by the increasing demand for animal protein, the growing focus on sustainable agriculture, and the development of new blood meal products.

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Blood meal is a type of animal feed that is made from dried blood. It is a good source of protein and other nutrients for animals, and it can help to improve animal growth and performance.

The global market for blood meal is fragmented, with several small and medium-sized companies competing with a few large multinational companies. The key players in the market are: Archer Daniels Midland Company, Cargill, Inc., Darling Ingredients Inc., AG Processing Inc., and Land O’Lakes, Inc.

The market for blood meal is expected to grow in the coming years, driven by the factors mentioned above. The increasing demand for animal protein, the growing focus on sustainable agriculture, and the development of new blood meal products are all expected to contribute to the growth of the market.

Here are some of the key trends in the blood meal market:

The increasing demand for animal protein: The global population is growing, and with it, the demand for animal protein. Blood meal market is a good source of protein for animals, and it is expected to see increased demand in the coming years.

The growing focus on sustainable agriculture: There is a growing focus on sustainable agriculture, and blood meal is seen as a sustainable source of protein for animals. Blood meal is a byproduct of the meat industry, and it can be used to reduce food waste.

The development of new blood meal products: new blood meal products are being developed that are more palatable to animals and that contain higher levels of nutrients. These new products are expected to drive growth in the market.

The blood meal market is a dynamic and growing market. The factors mentioned above are expected to drive the growth of the market in the coming years.

Here are some of the key challenges in the blood meal market:

The volatile price of blood: The price of blood can be volatile, which can impact the price of blood meal.

The availability of blood: The availability of blood can be limited, which can also impact the supply of blood meal.

The regulatory environment: The regulatory environment for blood meal can vary from country to country, which can create challenges for companies that operate in multiple markets.

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" NPK Fertilizers Market's Boosting Crop Resilience: Journey to USD 27.047 Billion (2030) - Report"

 

NPK Fertilizers Market Outlook

NPK Fertilizers Market is expected to cross USD 27,047.2 million by 2030 at a CAGR of 2.30% during the forecast period of 2022 to 2030. NPK fertilizers have gained popularity due to increasing awareness among farmers regarding the disadvantages of overapplication of fertilizers. NPK fertilizer products are available in varying ratios and giving farmers the freedom to customize use for their specific needs. Shrinking arable land, changing climatic conditions, and soil infertility are the major factors impacting crop productivity. 

To overcome these challenges and increase crop yield, farmers are opting for fertilizers, thus, boosting the demand for NPK fertilizers. The global NPK fertilizers market is highly fragmented with a large number of players. The market is dominated by multinational players due to their brand recognition. However, the widespread availability of various brands offers consumers leverage over manufacturers.

Key Companies in the NPK Fertilizers market include: BASF SE (Germany),Borealis AG (Austria),Coromandel International (India),Yara International (Norway),FEECO International Inc. (Norway),Potash Corporation of Saskatchewan (Canada),CF Industries Holdings (US),Haifa Group (Israel),K + S Aktiengesellschaft (Germany),The Mosaic Company (US),Hindalco (India), among others

The market for NPK fertilizers is expected to grow in the coming years, driven by the factors mentioned above. The increasing demand for food, the growing focus on sustainable agriculture, and the development of new NPK fertilizer technologies are all expected to contribute to the growth of the market.

Here are some of the key trends in the NPK fertilizers market:

·        The increasing demand for food: The global population is growing, and with it, the demand for food. NPK fertilizers are used to improve crop yields, so they are expected to see increased demand in the coming years.

·        The growing focus on sustainable agriculture: There is a growing focus on sustainable agriculture, and NPK fertilizers are seen as a sustainable way to improve crop yields. NPK fertilizers can help to reduce soil erosion and improve water quality.

·        The development of new NPK fertilizer technologies: New NPK fertilizer technologies are being developed that are more efficient and effective. These new technologies are expected to drive growth in the market.

The NPK fertilizers market outlook is a dynamic and growing market. The factors mentioned above are expected to drive the growth of the market in the coming years.

Here are some of the key challenges in the NPK fertilizers market:

·        The volatile price of raw materials: The price of raw materials used to produce NPK fertilizers can be volatile, which can impact the price of NPK fertilizers.

·        The competition from other fertilizers: There are other types of fertilizers available, such as organic fertilizers and biofertilizers. These fertilizers can be more expensive than NPK fertilizers, but they can also be more effective.

 

The regulatory environment: The regulatory environment for NPK fertilizers can vary from country to country, which can create challenges for companies that operate in multiple markets.

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Compound Feed Market Analysis, Size, and Share, with Segment Insights for 2023-2032"

 

Compound Feed Market Overview

compound feed market size was valued at USD 500.9 Billion in 2022. The compound feed industry is projected to grow from USD 525.19 Billion in 2023 to USD 767.12 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.85% during the forecast period (2023–2032).

Growth Drivers and Key Restraints

The global compound feed market will be observing a brisk growth pattern in the coming years, on account of the increase in animal-based food product consumption across the globe. The evolving customer dietary habits about meat and dairy products quality is set to contribute massively to the compound feed market growth from 2022 to 2030.

Moreover, there are numerous advantages associated with compound feed, including high meat product quality, cost-effective nutrition enhancement as well as food nutritional quality. Plus, it helps improve the feed quality which benefits animal's health substantially.

Apart from this, the surging animal-based food consumption around the world in the recent past is expected to augment the demand for the industry. Not just this but the ever-rising demand for dairy products will also result in tremendous industry growth in the years to come. With the growing meat consumption observed around the world, the compound feed industry will note massive demand for better quality meat. Also, the livestock diseases outbreak in the past couple of years will prompt various meat and dairy product vendors to make use of the product as well as additives for livestock quality along with health assurance. However, the fluctuating prices of raw materials like barley and wheat could leave a negative impact on the growth of the market. On the plus side, rapid industrialization coupled with enhanced processed meat equipment, there will be a striking surge in meat production. This factor will most likely shape the positive outlook for the compound feed market soon.

Market Opportunities

Rising Popularity of Organic Feed

Organic feed refers to a type of feed which is produced using the methods that have been outlined as per the standards of organic farming. Simply put, organic means that the ingredients in the feed cannot be genetically modified, cannot be fertilized with chemical fertilizers or treated with fungicides, pesticides, and insecticides.

Thus, owing to these reasons, there has been a sharp rise in the popularity of organic feed, which has given way to growing trend of vertical integration (contract farming), leaving a major impact on the compound feed market growth at a global level. Moreover, growing expenditure for advertising organic feed products is expected to assist the industries in creating opportunities, thereby expanding the market share for compound feed market.

Market Segmentation

For compound feed market outlook is segmented based on ingredients, supplements, and livestock.

Ingredient-wise, the market is considered for cereals, cereal by-products, oilseed meal, oils, molasses, supplements, and others. Among these, cereals accounted for roughly 37.44% market share in 2020, with it expected to register a CAGR of 3.48% and reach the valuation of USD 195.9 million by 2030. The primary reason behind the strong growth of the segment can be the abundance of raw materials like corn and sorghum that are required for producing cereals. Furthermore, oilseed meals accounted for almost 28.32% of the market share in 2017, with the expected growth at a CAGR of 4.45% and attaining the valuation of USD 156.7 million by 2030. Various studies being conducted that promote the use of oilseed meals on account of the presence of glucosinolate will help the segment grow at a rapid pace. As oilseed meals have been found to eliminate cancer cells, the demand will most likely surge among farmers in the coming years. In addition, in 2020, supplements held approximately 13.28% share, and will depict the highest CAGR of 4.71%, whilst reaching the valuation of close to USD 74.6 million by 2030. The strong growth trajectory is the outcome of the steady inclusion of compound feeds in livestock diet that improve their overall well-being.

The compound feed market, supplement-wise, is fragmented into vitamins, antibiotics, antioxidants, amino acids, enzymes, acidifiers, and others. Out of these, amino acids accounted for close to 23.91% of the total share in 2020, trailed by antioxidants (16.83%), and acidifiers (11.83%). Amino acids will be exhibiting a growth rate of 5.31%, garnering close to USD 18.5 billion by 2030. Growing preference for protein-based foods is leading to the striking growth of the segment. However, enzymes will showcase the second-highest CAGR of 5%, accruing close USD 8.4 billion by the end of the forecast period. Growing awareness about the benefits of enzymes such as ease in digestion as well as well-being of animals will help in facilitating the growth of the segment in the near future. whereas, antioxidants have the potential of depicting a CAGR of 4.25%, set to reach the valuation of USD 12.2 billion by 2030.

Based on the livestock, the market caters to ruminants, aquaculture, poultry, swine, and others. Out of all these, poultry governed a substantial share of 39.01% in 2020, with swine just behind holding 24.17% of the total share. Also, poultry will exhibit a CAGR of 4.15% during the review period, with the predictions of it garnering almost USD 212.2 billion by 2030. But it is the segment of aquaculture that will be surging at the highest CAGR of 4.38% and will be estimated at USD 65.7 billion by 2030.

Regional Analysis

The regional analysis of the global compound feed market has been done in South America, Europe, North America, Asia Pacific (APAC), as well as the Rest-of-the-World (RoW).

The report states that APAC accounted for approximately 38.69% share in 2020, with Europe behind it accruing 24.98% of the share, North America (21.34%), South America (11.78%), and at last, RoW with 3.21% of the total market share.

The compound feed market in North America will showcase a lucrative growth pattern at a growth rate of 3.80%. The regional market will be attaining the valuation of close to USD 113.8 million by 2030, as a result of the presence of a number of feed mills in the United States (U.S.) and Mexico. Plus, the surging demand for seafood paired with the high requirement for compound feeds that cater to the diets of broilers will benefit the market to a large extent.

The Europe market is set to register a CAGR of 4.07% and will be worth the value of USD 135.2 million by 2030 among all the regions. Countries like Spain, France, Russia and Germany are backing up the lavish growth of the region, owing to the presence of top compound feed producers. Additionally, the growing use of supplements for livestock farming will give a significant push to the growth of the regional compound feed market.

Asia Pacific, on the other hand, will clock in a CAGR of 4.21%, with the estimated value to be around USD 211.2 million by 2030. The region notes a high rate of meat consumption, which will most likely give way to the rise in demand for compound feeds. Moreover, the growing focus on swine and fish production will turn the regional market into a profitable venture in the forthcoming years.

Lastly, South America is touted to be a strong contender, exhibiting a CAGR of 3.88% and on its way to achieve the valuation of USD 63.1 million by 2030. Whereas, RoW will be registering a CAGR of 3.26% CAGR and will be estimated at USD 16.6 million by 2030.

Top Vendors

The top vendors in the global compound feed market are United Animal Health Inc. (U.S.), Land 'O Lakes Inc. (U.S.), Nutreco NV (The Netherlands), Weston Milling Animal Nutrition (Australia), COFCO (China), Neovia Group (France), Feedone Co., Ltd. (Japan), Cargill Inc. (U.S.), New Hope Group (China), Charoen Pokphand Foods PCL (Thailand), ForFarmers NV (The Netherlands), Archer Daniels Midland (ADM) Company (U.S.), PT Japfa Comfeed Indonesia Tk (Indonesia), among others.

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Industry Update

March 2020 - Paris-based Ÿnsect, an agtech startup, has developed a type of protein by breeding various insects, followed by their transformation into premium protein for pet food, organic plant fertilizers as well as fish feed. The company will be building the world's largest insect farm in Amiens Metropole, Northern France, in addition to the expansion in international markets, targeting the North American market.

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