The global compound feed market was valued at USD 583.03 billion in 2024 and is projected to rise from USD 611.25 billion in 2025 to USD 881.18 billion by 2032, reflecting a CAGR of 5.36% during the forecast period (2025–2032). The Asia Pacific region led the global market in 2024, accounting for a 41.28% share. In addition, the U.S. compound feed market is forecasted to reach USD 141.38 billion by 2032, primarily fueled by the expansion of commercial livestock farming across the country.
The COVID-19 pandemic had a significant yet temporary effect on global demand, resulting in a short-term decline across regions. However, based on market analysis, the industry experienced year-on-year growth of 3.50% in 2020, suggesting a gradual recovery. The rise in CAGR post-2020 is attributed to the market’s return to pre-pandemic growth levels once restrictions eased.
The pandemic disrupted the livestock sector and the feed industry, particularly due to the closure of manufacturing facilities, transport restrictions, and border controls, which impeded raw material and finished product movement. Additionally, lockdowns and the closure of hotels, restaurants, and institutions (HRIs) led to a significant decline in meat, milk, and egg consumption, thereby reducing feed demand. Nonetheless, as economies reopened and food supply chains stabilized, feed production recovered steadily, driven by the renewed emphasis on food security and animal nutrition.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/compound-feed-market-100525
Market Dynamics
Role and Importance of Compound Feed
Livestock rearing plays a vital role in supplying meat, milk, and eggs worldwide. Compound feed, a mixture derived from plant- and animal-based ingredients, ensures that farm animals receive balanced nutrition for optimal performance and productivity. Feed manufacturers continue to focus on formulating nutritionally complete and cost-efficient feed to support the physiological needs of animals while ensuring safe and profitable livestock production.
Rising animal production, increased meat and dairy consumption, and a growing focus on animal health and nutrition remain the major forces driving the market’s expansion.
Market Trends
The increasing concern over the environmental footprint of the livestock sector has prompted both policymakers and producers to prioritize sustainable feed production. Consumers are also paying closer attention to feed ingredient sourcing and supply chain transparency. Farmers and manufacturers are adopting strategies to reduce environmental impact while maintaining feed efficiency and cost-effectiveness.
For instance, in December 2020, BASF partnered with Adifo Software to introduce Opteinics, a digital solution integrated with BESTMIX feed formulation software. This tool helps optimize feed formulations and supports sustainable animal protein production.
The global rise in high-protein dietary preferences is boosting the consumption of animal-based protein sources. As animal protein demand escalates, feed consumption naturally rises, making it a critical component in sustainable livestock growth and efficient animal husbandry practices.
Market Segmentation
The compound feed market is categorized by animal type into cattle, swine, poultry, aquaculture, and others. By form, solid feed remains the most widely used globally due to its convenience, stability, and ease of storage, while liquid feed is primarily utilized for targeted nutritional or medicinal applications. Based on ingredients, feed cereals dominate the market, supported by their high nutritional value and essential role in livestock diets, followed by cakes and meals, animal by-products, and other feed components that contribute to balanced animal nutrition.
Regional Insights
The Asia Pacific region continues to dominate the compound feed market and is expected to maintain its leadership position in the coming years. Countries such as China, India, and Indonesia are among the largest consumers, attracting global feed producers seeking growth opportunities.
North America and Europe follow closely, with these regions showing a strong inclination toward plant-based and sustainable feed ingredients, particularly in Europe, where livestock owners are adopting eco-friendly feed solutions.
In South America, corn and soybean-based feeds form the backbone of production, supported by robust animal husbandry and meat consumption trends. Meanwhile, the Middle East & Africa region is witnessing rapid growth due to the increasing demand for meat and animal-derived products, with South Africa and Turkey emerging as major contributors to regional feed consumption.
Report Coverage