Report Overview

United States Compound Feed Market – Industry Trends & Forecast Report, 2029

United States compound feed market size was estimated at USD 97.51 billion in 2022. During the forecast period between 2023 and 2029, the size of United States compound feed market is projected to grow at a CAGR of 4.22% reaching a value of USD 124.92 billion by 2029. Major factors driving the growth of the United States compound feed market are the increased demand for meat and dairy products, coupled with a growing focus on animal nutrition and health, which drove the market's growth. The industry also saw a shift towards sustainable and organic feed options to cater to environmentally conscious consumers. Advancements in technology and research contributed to improved feed formulations, optimizing animal performance. However, challenges such as fluctuating raw material prices and regulatory pressures influenced market dynamics. Overall, the United States compound feed market remained dynamic and responsive to evolving consumer preferences and industry demands.

United States Compound Feed Market - Overview

Compound feed refers to a balanced mixture of various ingredients, such as grains, cereals, oilseeds, minerals, vitamins, and additives, formulated to provide complete and balanced nutrition for livestock animals. It is a convenient and efficient way to ensure animals receive the essential nutrients required for their growth, reproduction, and overall well-being. Compound feed is widely used in the livestock industry, including poultry, swine, cattle, and aquaculture, as it enhances feed efficiency, promotes animal health, and optimizes production outcomes. The market for compound feed is driven by the increasing demand for animal protein products and the need to improve agricultural productivity to sustainably meet global food demands.

Growth Drivers

Sustainable Livestock Production

In recent years, the increasing focus on sustainable livestock production practices has emerged as a significant growth driver for the United States compound feed market. Consumers are demanding responsibly sourced animal products, and livestock producers are adopting compound feed solutions that promote better animal health, efficient feed conversion, and reduced environmental impact. This trend is driving innovation in feed formulations, incorporating natural and eco-friendly ingredients, enhancing nutrient absorption, and boosting overall animal performance. As the nation strives for more sustainable agriculture, the compound feed industry is set to play a pivotal role in supporting the growing demand for ethical and eco-conscious animal products.

Restraints

Escalating Raw Material Costs

In the United States compound feed market, a notable growth restraint arises from the continuous surge in raw material prices. The compound feed industry heavily relies on grains, cereals, protein-rich ingredients, and other essential components to produce balanced animal feed. Unpredictable weather patterns, geopolitical tensions, and supply chain disruptions impact the availability and affordability of these inputs. The increasing demand for livestock and poultry feed exacerbates this challenge, pressuring feed manufacturers to maintain competitive prices. Thus, managing cost fluctuations while preserving product quality becomes a pressing concern for the industry's sustained growth and profitability.

Impact of COVID-19 on United States Compound Feed Market

The United States compound feed market experienced a significant COVID-19 impact. The pandemic disrupted the supply chain, causing shortages of raw materials and hindering production. Demand fluctuations occurred due to lockdowns and economic uncertainties, affecting feed consumption in various livestock sectors. Market players faced operational challenges, labor shortages, and transport restrictions. However, the sector demonstrated resilience by adopting digital solutions and optimizing distribution networks. Government interventions and stimulus packages played a crucial role in mitigating the impact. As the situation improved, the market showed signs of recovery, with a gradual rebound in demand and an increased focus on sustainability and resilience measures.

United States Compound Feed Market

Segmental Coverage

United States Compound Feed Market – By Ingredient

Based on ingredient, United States compound feed market is divided into Cereals, Cakes & Meals, and Animal B-products segments. The cereals segment dominates the market, followed by the cakes & meals segment, and lastly, the Animal B-products segment. The cereals segment holds the leadership position due to their wide usage and demand in the animal feed industry. Cakes & meals come second in terms of market share, while the Animal B-products segment holds the smallest portion. This segmentation reflects the preferences and requirements of the livestock and animal husbandry industries, driving the overall dynamics of the compound feed market in the United States.

United States Compound Feed Market – By Livestock

By livestock, United States compound feed market is divided into Ruminants, Poultry, Swine, and Aquaculture segments. These segments represent distinct sectors within the industry, with each playing a crucial role in the overall market dynamics. Ruminants encompass animals like cattle and sheep, while Poultry covers chickens, ducks, and other fowl. Swine refers to pigs, and Aquaculture includes various farmed fish and aquatic species.

United States Compound Feed Market – By Form

Based on form, United States compound feed market is categorized into Mash, Pellets, and Crumbles segments. The pellets segment is the largest form in the market. These segments cater to different feeding preferences and requirements in the livestock industry, with pellets holding a significant market share due to their convenience, ease of handling, and balanced nutritional composition. The compound feed industry plays a crucial role in supporting the growth and health of livestock, making it an essential component of the agricultural sector in the United States.

United States Compound Feed Market – By Source

On the basis of source, United States compound feed market is bifurcated into Plant- based and Animal-based segments. These segments encompass various feed products designed for different types of livestock and pets. Plant-based feed comprises ingredients derived from plants and crops, while Animal-based feed consists of components sourced from animals. Both segments play a crucial role in providing essential nutrients to support the growth, health, and productivity of animals. The market's continuous growth is driven by the increasing demand for high-quality animal products, emphasizing the significance of these two segments in the overall feed industry.

Competitive Landscape

Major players in the United States compound feed market include Charoen Pokphand Foods, Cargill Inc., Land O Lakes Purina, Alltech Inc., Archer Daniels Midland, ForFarmers, DeKalb Feeds, Kent Feeds, Weston Milling Animal Nutrition, and Nutreco NV. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

By Ingredient

• • Cereals

  • Cakes & Meals

  • Animal B-products

By Livestock

• • Ruminants

  • Poultry

  • Swine

  • Aquaculture

By Form

• • Mash

  • Pellets

  • Crumbles

By Source

• • Plant-based

  • Animal-based

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. United States Compound Feed Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Surge in demand for appropriate livestock nutrition
         2. Advancement in technology
      2. Restraints
         1. Volatile raw material prices for manufacturing of compound feed
      3.  Opportunities
         1. Growing importance of livestock feeding practice in developing economies
      4. Challenges
         1. Stringent regulatory framework
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. United States Compound Feed Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Ingredient
         1. Cereals
         2. Cakes & Meals
         3. Animal B-products
         4. Others
      2. By Livestock
         1. Ruminants
         2. Poultry
         3. Swine
         4. Aquaculture
         5. Others
      3. By Form
         1. Mash
         2. Pellets
         3. Crumbles
         4. Others
      4. By Source
         1. Plant-based
         2. Animal-based
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. United States Compound Feed Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on United States Compound Feed Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Charoen Pokphand Foods
   2. Cargill Inc.
   3. Land O Lakes Purina
   4. Alltech Inc.
   5. Archer Daniels Midland
   6. ForFarmers
   7. DeKalb Feeds
   8. Kent Feeds
   9. Weston Milling Animal Nutrition
   10. Nutreco NV
   11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1.  Primary & Secondary Research
   2.   Quantitative Research
   3.   Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5.   Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       United States Compound Feed Segmentation

Figure 2       United States Compound Feed Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       United States Compound Feed Market Size, By Value (USD Million), 2019–2029

Figure 5       United States Compound Feed Market Share, By Ingredient, By Value, 2019–2029

Figure 6       United States Compound Feed Market Share, By Livestock, By Value, 2019–2029

Figure 7       United States Compound Feed Market Share, By Form, By Value, 2019–2029

Figure 8       United States Compound Feed Market Share, By Source, By Value, 2019–2029

List of Tables

Table 1        United States Compound Feed Market Size, By Value (USD Million), 2019–2029

Table 2        United States Compound Feed Market Size, By Ingredient, By Value, 2019–2029

Table 3        United States Compound Feed Market Size, By Livestock, By Value, 2019–2029

Table 4        United States Compound Feed Market Size, By Form, By Value, 2019–2029

Table 5        United States Compound Feed Market Size, By Source, By Value, 2019–2029

Table 6        Charoen Pokphand Foods Company Overview

Table 7        Charoen Pokphand Foods Financial Overview

Table 8        Cargill Inc. Company Overview

Table 9        Cargill Inc. Financial Overview

Table 10      Land O Lakes Purina Company Overview

Table 11      Land O Lakes Purina Financial Overview

Table 12      Alltech Inc. Company Overview

Table 13      Alltech Inc. Financial Overview

Table 14      Archer Daniels Midland Company Overview

Table 15      Archer Daniels Midland Financial Overview

Table 16      ForFarmers Company Overview

Table 17      ForFarmers Financial Overview

Table 18      DeKalb Feeds Company Overview

Table 19      DeKalb Feeds Financial Overview

Table 20      Kent Feeds Company Overview

Table 21      Kent Feeds Financial Overview

Table 22      Weston Milling Animal Nutrition Company Overview

Table 23      Weston Milling Animal Nutrition Financial Overview

Table 24      Nutreco NV Company Overview

Table 25      Nutreco NV Financial Overview