Table of Content

1    INTRODUCTION    24
1.1    STUDY OBJECTIVES    24
1.2    MARKET DEFINITION    25
1.3    STUDY SCOPE    25
FIGURE 1    MARKET SEGMENTATION    25
1.3.1    INCLUSIONS & EXCLUSIONS    26
1.3.2    REGIONS COVERED    26
1.3.3    YEARS CONSIDERED    27
1.4    UNITS CONSIDERED    27
1.4.1    CURRENCY    27
TABLE 1    USD EXCHANGE RATES CONSIDERED, 2019–2022    28
1.4.2    VOLUME    28
1.5    STAKEHOLDERS    28
1.6    SUMMARY OF CHANGES    29
1.7    RECESSION IMPACT ANALYSIS    29
2    RESEARCH METHODOLOGY    30
2.1    RESEARCH DATA    30
FIGURE 2    COMPOUND FEED MARKET: RESEARCH DESIGN    30
2.1.1    SECONDARY DATA    31
2.1.1.1    Key data from secondary sources    31
2.1.2    PRIMARY DATA    31
2.1.2.1    Key data from primary sources    32
2.1.2.2    Breakdown of primaries    32
2.1.2.3    Key primary insights    33
2.2    MARKET SIZE ESTIMATION    34
2.2.1    APPROACH ONE – BOTTOM-UP (BASED ON TYPE, BY REGION)    34
2.2.2    APPROACH TWO – TOP-DOWN (BASED ON GLOBAL MARKET)    35
2.3    DATA TRIANGULATION    36
FIGURE 3    DATA TRIANGULATION METHODOLOGY    36
2.4    RECESSION IMPACT ON COMPOUND FEED MARKET    37
2.4.1    MACRO INDICATORS OF RECESSION    37
FIGURE 4    INDICATORS OF RECESSION    37
FIGURE 5    WORLD INFLATION RATE: 2011–2021    37
FIGURE 6    GLOBAL GDP: 2011–2021 (USD TRILLION)    38
FIGURE 7    RECESSION INDICATORS AND THEIR IMPACT ON COMPOUND FEED MARKET    39
FIGURE 8    COMPOUND FEED MARKET: EARLIER FORECAST VS. RECESSION FORECAST    40

2.5    STUDY ASSUMPTIONS    41
2.6    LIMITATIONS AND RISK ASSESSMENT OF STUDY    41
3    EXECUTIVE SUMMARY    42
TABLE 2    COMPOUND FEED MARKET SNAPSHOT, 2023 VS. 2028    42
FIGURE 9    COMPOUND FEED MARKET, BY INGREDIENT, 2023 VS. 2028 (USD BILLION)    43
FIGURE 10    COMPOUND FEED MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD BILLION)    44
FIGURE 11    COMPOUND FEED MARKET, BY FORM, 2023 VS. 2028 (USD BILLION)    45
FIGURE 12    COMPOUND FEED MARKET, BY SOURCE, 2023 VS. 2028 (USD BILLION)    45
FIGURE 13    COMPOUND FEED MARKET (VALUE), BY REGION    46
4    PREMIUM INSIGHTS    47
4.1    BRIEF OVERVIEW OF COMPOUND FEED MARKET    47
FIGURE 14    RISING DEMAND FOR PROCESSED MEAT AND ANIMAL PRODUCTS TO FUEL DEMAND FOR COMPOUND FEED    47
4.2    ASIA PACIFIC: COMPOUND FEED MARKET, BY INGREDIENT AND COUNTRY (2022)    47
FIGURE 15    CHINA AND CEREALS ACCOUNTED FOR LARGEST SHARES IN 2022    47
4.3    COMPOUND FEED MARKET, BY LIVESTOCK – COUNTRY WISE AND ASIA PACIFIC    48
FIGURE 16    CHINA TO DOMINATE MARKET DURING FORECAST PERIOD    48
4.4    COMPOUND FEED MARKET, BY FORM AND REGION    49
FIGURE 17    ASIA PACIFIC AND PELLETS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD    49
5    MARKET OVERVIEW    50
5.1    INTRODUCTION    50
5.2    MACROECONOMIC INDICATORS    50
FIGURE 18    GLOBAL POPULATION, 2010–2021    51
5.3    MARKET DYNAMICS    51
FIGURE 19    COMPOUND FEED: MARKET DYNAMICS    51
5.3.1    DRIVERS    52
5.3.1.1    Surge in demand for appropriate livestock nutrition    52
5.3.1.2    Growing demand for animal products for commercial use    52
FIGURE 20    GLOBAL MEAT PRODUCTION (KILO TONNES)    53
5.3.1.3    Rising adoption of modern techniques for livestock rearing    53
5.3.1.4    Growth of organized livestock farming in developing countries    54
5.3.2    RESTRAINTS    54
5.3.2.1    Volatile raw material prices for manufacturing compound feed    54
FIGURE 21    GLOBAL RAW MATERIAL PRICES    54
5.3.2.2    Lack of awareness about modern feeding methods in developing countries    55
5.3.3    OPPORTUNITIES    55
5.3.3.1    Growing importance of livestock feeding practice in developing economies    55
5.3.3.2    Expanding market reach through international trade    55
FIGURE 22    LEADING EXPORTERS OF ANIMAL FOOD, 2021    56
FIGURE 23    LEADING IMPORTERS OF ANIMAL FOOD, 2021    56
5.3.4    CHALLENGES    57
5.3.4.1    Stringent regulatory framework    57
5.3.4.2    Quality control of genetic feed products manufactured by Asian companies    57
6    INDUSTRY TRENDS    58
6.1    INTRODUCTION    58
6.2    VALUE CHAIN    58
6.2.1    RESEARCH AND PRODUCT DEVELOPMENT    58
6.2.2    RAW MATERIAL SOURCING AND MANUFACTURING    58
6.2.3    ASSEMBLY    59
6.2.4    DISTRIBUTION    59
6.2.5    MARKETING & SALES    59
FIGURE 24    VALUE CHAIN ANALYSIS OF COMPOUND FEED MARKET    59
6.3    SUPPLY CHAIN ANALYSIS    59
FIGURE 25    COMPOUND FEED MARKET: SUPPLY CHAIN    60
6.4    TECHNOLOGY ANALYSIS    60
6.5    PRICING ANALYSIS: COMPOUND FEED MARKET    60
TABLE 3    GLOBAL COMPOUND FEED AVERAGE SELLING PRICE (ASP), BY REGION, 2020–2022 (USD/TONNES)    61
6.6    MARKET MAPPING AND ECOSYSTEM OF COMPOUND FEED    61
6.6.1    DEMAND SIDE    61
6.6.2    SUPPLY SIDE    61
FIGURE 26    COMPOUND FEED MARKET MAP    61
FIGURE 27    COMPOUND FEED ECOSYSTEM MAPPING    62
6.7    TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS    63
FIGURE 28    REVENUE SHIFT FOR COMPOUND FEED MARKET    63
6.8    COMPOUND FEED MARKET: PATENT ANALYSIS    64
FIGURE 29    NUMBER OF PATENTS GRANTED FOR COMPOUND FEED, 2012–2022    64
TABLE 4    PATENTS PERTAINING TO COMPOUND FEED, 2020–2022    65
6.9    TRADE DATA: COMPOUND FEED MARKET    66
TABLE 5    TOP 10 IMPORTERS AND EXPORTERS OF COMPOUND FEED, 2020 (KG)    66
TABLE 6    TOP 10 IMPORTERS AND EXPORTERS OF COMPOUND FEED, 2021 (KG)    66
TABLE 7    TOP 10 IMPORTERS AND EXPORTERS OF COMPOUND FEED, 2022 (KG)    67
6.10    CASE STUDIES    67
6.10.1    CARGILL DEVELOPED HIGH-PERFORMANCE FOR HORSE FEED MANUFACTURERS    67
6.10.2    CARGILL DEVELOPED AQUAFEED FOR CLIENT    67
6.11    KEY CONFERENCES & EVENTS IN 2022–2023    68
TABLE 8    KEY CONFERENCES & EVENTS IN COMPOUND FEED MARKET    68
6.12    TARIFF & REGULATORY LANDSCAPE    70
TABLE 9    NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    70
TABLE 10    EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    70
TABLE 11    ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    71
TABLE 12    REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    71
6.12.1    NORTH AMERICA    71
6.12.1.1    United States (US)    71
6.12.1.2    Canada    72
6.12.2    EUROPEAN UNION (EU)    72
6.12.3    ASIA PACIFIC    73
6.12.3.1    Japan    73
6.12.3.2    China    73
6.12.4    INTERNATIONAL FEED INDUSTRY FEDERATION (IFIF)    74
6.13    PORTER’S FIVE FORCES ANALYSIS    74
TABLE 13    COMPOUND FEED MARKET: PORTER’S FIVE FORCES ANALYSIS    74
6.13.1    INTENSITY OF COMPETITIVE RIVALRY    74
6.13.2    BARGAINING POWER OF SUPPLIERS    75
6.13.3    BARGAINING POWER OF BUYERS    75
6.13.4    THREAT OF SUBSTITUTES    75
6.13.5    THREAT OF NEW ENTRANTS    75
6.14    KEY STAKEHOLDERS AND BUYING CRITERIA    75
6.14.1    KEY STAKEHOLDERS IN BUYING PROCESS    75
TABLE 14    INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)    76
6.14.2    BUYING CRITERIA    76
TABLE 15    KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS    76
FIGURE 30    KEY CRITERIA FOR SELECTING SUPPLIERS/VENDORS    76
7    COMPOUND FEED MARKET, BY INGREDIENT    77
7.1    INTRODUCTION    78
FIGURE 31    COMPOUND FEED MARKET, BY INGREDIENT, 2023 VS. 2028 (USD BILLION)    78
TABLE 16    COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION)    78
TABLE 17    COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION)    79
7.2    CEREALS    79
7.2.1    ABUNDANCE OF CEREAL CROPS TO FUEL COMPOUND FEED MARKET GROWTH    79
TABLE 18    CEREALS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    80
TABLE 19    CEREALS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    80

7.3    CAKES & MEALS    80
7.3.1    RISING DEMAND FOR PROTEIN AND MICRONUTRIENTS IN FEED TO BOOST DEMAND FOR CAKES & MEALS    80
TABLE 20    CAKES & MEALS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    81
TABLE 21    CAKES & MEALS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    81
7.4    BY-PRODUCTS    81
7.4.1    BY-PRODUCTS TO PROVIDE OPTIMUM NUTRITION TO CATTLE AND AQUACULTURE    81
TABLE 22    BY-PRODUCTS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    82
TABLE 23    BY-PRODUCTS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    83
7.5    SUPPLEMENTS    83
7.5.1    NEED FOR MICRONUTRIENTS FOR OVERALL WELL-BEING OF LIVESTOCK TO INCREASE REQUIREMENT OF SUPPLEMENTS    83
TABLE 24    SUPPLEMENTS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    83
TABLE 25    SUPPLEMENTS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    84
8    COMPOUND FEED MARKET, BY SOURCE    85
8.1    INTRODUCTION    86
FIGURE 32    COMPOUND FEED MARKET, BY SOURCE, 2023 VS. 2028 (USD BILLION)    86
TABLE 26    COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION)    86
TABLE 27    COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION)    86
8.2    PLANT-BASED    87
8.2.1    EASY AVAILABILITY AND SUSTAINABILITY OF PLANT-BASED PRODUCTS TO INFLUENCE THEIR APPLICATION IN COMPOUND FEED    87
TABLE 28    PLANT-BASED: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    87
TABLE 29    PLANT-BASED: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    87
8.3    ANIMAL-BASED    88
8.3.1    INCREASED AWARENESS ABOUT ANIMAL-BASED FEED TO INCREASE REQUIREMENT OF COMPOUND FEED    88
TABLE 30    ANIMAL-BASED: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    88
TABLE 31    ANIMAL-BASED: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    89
9    COMPOUND FEED MARKET, BY FORM    90
9.1    INTRODUCTION    91
FIGURE 33    COMPOUND FEED MARKET, BY FORM, 2023 VS. 2028 (USD BILLION)    91
TABLE 32    COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION)    91
TABLE 33    COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION)    92
9.2    MASH    92
9.2.1    FLEXIBILITY IN MASH FORM TO ENABLE CUSTOMIZATION OF NUTRIENT CONTENT FOR SPECIFIC ANIMAL SPECIES AND PRODUCTION STAGES    92
TABLE 34    MASH: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    92
TABLE 35    MASH: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    93
9.3    PELLETS    93
9.3.1    PELLETS TO ACCOUNT FOR LARGEST SHARE IN GLOBAL COMPOUND FEED MARKET    93
TABLE 36    PELLETS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    94
TABLE 37    PELLETS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    94
9.4    CRUMBLES    94
9.4.1    GROWING IMPORTANCE OF CRUMBLES IN POULTRY TO FUEL DEMAND    94
TABLE 38    CRUMBLES: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    95
TABLE 39    CRUMBLES: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    95
9.5    OTHER FORMS    95
TABLE 40    OTHER FORMS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    96
TABLE 41    OTHER FORMS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    96
10    COMPOUND FEED MARKET, BY LIVESTOCK    97
10.1    INTRODUCTION    98
FIGURE 34    COMPOUND FEED MARKET, BY LIVESTOCK, 2023 VS. 2028 (USD BILLION)    98
TABLE 42    COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    98
TABLE 43    COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    99
TABLE 44    COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT)    99
TABLE 45    COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT)    99
10.2    RUMINANTS    100
10.2.1    INCREASING DEMAND FOR HIGH-QUALITY PROTEIN AND MILK TO FUEL MARKET GROWTH    100
10.2.2    DAIRY    100
10.2.3    BEEF    100
10.2.4    CALF    100
10.2.5    OTHER RUMINANTS    100
TABLE 46    RUMINANTS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    101
TABLE 47    RUMINANTS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    101
TABLE 48    RUMINANTS: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT)    101
TABLE 49    RUMINANTS: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT)    102
TABLE 50    COMPOUND FEED MARKET, BY RUMINANT TYPE, 2018–2022 (USD BILLION)    102
TABLE 51    COMPOUND FEED MARKET, BY RUMINANT TYPE, 2023–2028 (USD BILLION)    102
10.3    POULTRY    103
10.3.1    GROWING DEMAND FOR EGGS IN DEVELOPING COUNTRIES TO FUEL DEMAND FOR COMPOUND FEED IN POULTRY SECTOR    103
10.3.2    BROILERS    103
10.3.3    LAYERS    103
10.3.4    BREEDERS    103
TABLE 52    POULTRY: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    103
TABLE 53    POULTRY: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    104
TABLE 54    POULTRY: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT)    104
TABLE 55    POULTRY: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT)    104
TABLE 56    COMPOUND FEED MARKET, BY POULTRY TYPE, 2018–2022 (USD BILLION)    105
TABLE 57    COMPOUND FEED MARKET, BY POULTRY TYPE, 2023–2028 (USD BILLION)    105
10.4    SWINE    105
10.4.1    INCREASING PORK CONSUMPTION TO DRIVE COMPOUND FEED MARKET    105
10.4.2    STARTER    105
10.4.3    SOW    106
10.4.4    GROWER    106
TABLE 58    SWINE: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    106
TABLE 59    SWINE: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    106
TABLE 60    SWINE: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT)    107
TABLE 61    SWINE: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT)    107
TABLE 62    COMPOUND FEED MARKET, BY SWINE TYPE, 2018–2022 (USD BILLION)    107
TABLE 63    COMPOUND FEED MARKET, BY SWINE TYPE, 2023–2028 (USD BILLION)    108
10.5    AQUACULTURE    108
10.5.1    GROWING FISH CONSUMPTION TO FUEL COMPOUND FEED MARKET    108
TABLE 64    AQUACULTURE: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    108
TABLE 65    AQUACULTURE: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    109
TABLE 66    AQUACULTURE: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT)    109
TABLE 67    AQUACULTURE: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT)    109
10.6    OTHER LIVESTOCK    110
TABLE 68    OTHER LIVESTOCK: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    110
TABLE 69    OTHER LIVESTOCK: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    110
TABLE 70    OTHER LIVESTOCK: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT)    111
TABLE 71    OTHER LIVESTOCK: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT)    111

11    COMPOUND FEED MARKET, BY REGION    112
11.1    INTRODUCTION    113
FIGURE 35    GEOGRAPHIC SNAPSHOT (2023–2028): RAPIDLY GROWING MARKETS TO EMERGE AS NEW HOT SPOTS    113
TABLE 72    COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    114
TABLE 73    COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    114
11.2    NORTH AMERICA    114
11.2.1    NORTH AMERICA: RECESSION IMPACT ANALYSIS    115
FIGURE 36    INFLATION: COUNTRY-LEVEL DATA (2018–2021)    115
FIGURE 37    NORTH AMERICAN COMPOUND FEED MARKET: RECESSION IMPACT ANALYSIS    116
FIGURE 38    NORTH AMERICA: COMPOUND FEED MARKET SNAPSHOT    117
TABLE 74    NORTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (USD BILLION)    117
TABLE 75    NORTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (USD BILLION)    118
TABLE 76    NORTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (MMT)    118
TABLE 77    NORTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (MMT)    118
TABLE 78    NORTH AMERICA: COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION)    118
TABLE 79    NORTH AMERICA: COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION)    119
TABLE 80    NORTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    119
TABLE 81    NORTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    119
TABLE 82    NORTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT)    120
TABLE 83    NORTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT)    120
TABLE 84    NORTH AMERICA: COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION)    120
TABLE 85    NORTH AMERICA: COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION)    121
TABLE 86    NORTH AMERICA: COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION)    121
TABLE 87    NORTH AMERICA: COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION)    121
11.2.2    US    121
11.2.2.1    Increasing animal rearing for export to drive demand for compound feed    121
TABLE 88    US: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    122
TABLE 89    US: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    122
11.2.3    CANADA    122
11.2.3.1    Rising poultry sector to lead to surge in demand for compound feed in Canada    122
TABLE 90    CANADA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    123
TABLE 91    CANADA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    123
11.2.4    MEXICO    123
11.2.4.1    Growth in poultry and cattle rearing practices to fuel demand for compound feed    123
TABLE 92    MEXICO: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    124
TABLE 93    MEXICO: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    124
11.3    EUROPE    124
11.3.1    EUROPE: RECESSION IMPACT ANALYSIS    125
FIGURE 39    INFLATION: COUNTRY-LEVEL DATA (2018–2021)    125
FIGURE 40    EUROPEAN COMPOUND FEED MARKET: RECESSION IMPACT ANALYSIS    126
TABLE 94    EUROPE: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (USD BILLION)    126
TABLE 95    EUROPE: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (USD BILLION)    127
TABLE 96    EUROPE: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (MMT)    127
TABLE 97    EUROPE: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (MMT)    127
TABLE 98    EUROPE: COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION)    128
TABLE 99    EUROPE: COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION)    128
TABLE 100    EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    128
TABLE 101    EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    129
TABLE 102    EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT)    129
TABLE 103    EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT)    129
TABLE 104    EUROPE: COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION)    130
TABLE 105    EUROPE: COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION)    130
TABLE 106    EUROPE: COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION)    130
TABLE 107    EUROPE: COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION)    130
11.3.2    SPAIN    131
11.3.2.1    Increasing demand for better animal nutrition for livestock production to drive compound feed market in Spain    131
TABLE 108    SPAIN: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    131
TABLE 109    SPAIN: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    131
11.3.3    RUSSIA    132
11.3.3.1    Upward trend in livestock production and consumption to drive Russian market    132
TABLE 110    RUSSIA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    132
TABLE 111    RUSSIA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    132
11.3.4    GERMANY    133
11.3.4.1    Improved livestock sector to fuel demand for compound feed in Germany    133
TABLE 112    GERMANY: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    133
TABLE 113    GERMANY: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    133
11.3.5    FRANCE    134
11.3.5.1    Growing concerns regarding livestock diseases to fuel demand for compound feed amongst meat manufacturers    134
TABLE 114    FRANCE: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    134
TABLE 115    FRANCE: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    134
11.3.6    ITALY    135
11.3.6.1    Growing meat production in Italy to lead to increased demand for compound feed    135
TABLE 116    ITALY: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    135
TABLE 117    ITALY: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    135
11.3.7    REST OF EUROPE    135
TABLE 118    REST OF EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    136
TABLE 119    REST OF EUROPE: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    136
11.4    ASIA PACIFIC    136
11.4.1    ASIA PACIFIC: RECESSION IMPACT ANALYSIS    137
FIGURE 41    INFLATION: COUNTRY-LEVEL DATA (2018–2021)    137
FIGURE 42    ASIA PACIFIC COMPOUND FEED MARKET: RECESSION IMPACT ANALYSIS    137
FIGURE 43    ASIA PACIFIC: COMPOUND FEED MARKET SNAPSHOT    138
TABLE 120    ASIA PACIFIC: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (USD BILLION)    139
TABLE 121    ASIA PACIFIC: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (USD BILLION)    139
TABLE 122    ASIA PACIFIC: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (MMT)    139
TABLE 123    ASIA PACIFIC: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (MMT)    140
TABLE 124    ASIA PACIFIC: COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION)    140
TABLE 125    ASIA PACIFIC: COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION)    140
TABLE 126    ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    141
TABLE 127    ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    141
TABLE 128    ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT)    141
TABLE 129    ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT)    142
TABLE 130    ASIA PACIFIC: COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION)    142
TABLE 131    ASIA PACIFIC: COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION)    142
TABLE 132    ASIA PACIFIC: COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION)    143
TABLE 133    ASIA PACIFIC: COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION)    143
11.4.2    CHINA    143
11.4.2.1    Advancements in livestock sector to fuel demand for compound feed    143
TABLE 134    CHINA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    144
TABLE 135    CHINA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    144
11.4.3    JAPAN    144
11.4.3.1    Growth opportunity in domestic livestock industry to drive compound feed market    144
TABLE 136    JAPAN: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    145
TABLE 137    JAPAN: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    145
11.4.4    INDIA    145
11.4.4.1    Increased awareness of commercial livestock feed to boost demand for compound feed    145
TABLE 138    INDIA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    146
TABLE 139    INDIA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    146
11.4.5    THAILAND    146
11.4.5.1    Rising exports of meat products and improvements in meat quality to fuel demand for compound feed    146
TABLE 140    THAILAND: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    147
TABLE 141    THAILAND: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    147
11.4.6    REST OF ASIA PACIFIC    147
TABLE 142    REST OF ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    148
TABLE 143    REST OF ASIA PACIFIC: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    148
11.5    SOUTH AMERICA    148
11.5.1    SOUTH AMERICA: RECESSION IMPACT ANALYSIS    149
FIGURE 44    INFLATION: COUNTRY-LEVEL DATA (2018–2021)    149
FIGURE 45    SOUTH AMERICAN COMPOUND FEED MARKET: RECESSION IMPACT ANALYSIS    150
TABLE 144    SOUTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (USD BILLION)    150
TABLE 145    SOUTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (USD BILLION)    150
TABLE 146    SOUTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2018–2022 (MMT)    151
TABLE 147    SOUTH AMERICA: COMPOUND FEED MARKET, BY COUNTRY, 2023–2028 (MMT)    151
TABLE 148    SOUTH AMERICA: COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION)    151
TABLE 149    SOUTH AMERICA: COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION)    152
TABLE 150    SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    152
TABLE 151    SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    152
TABLE 152    SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT)    153
TABLE 153    SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT)    153
TABLE 154    SOUTH AMERICA: COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION)    153
TABLE 155    SOUTH AMERICA: COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION)    154
TABLE 156    SOUTH AMERICA: COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION)    154
TABLE 157    SOUTH AMERICA: COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION)    154
11.5.2    BRAZIL    154
11.5.2.1    Developed animal husbandry sector to present opportunities for compound feed manufacturers    154
TABLE 158    BRAZIL: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    155
TABLE 159    BRAZIL: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    155
11.5.3    ARGENTINA    155
11.5.3.1    Rapid growth in livestock sector to drive demand for compound feed    155
TABLE 160    ARGENTINA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    156
TABLE 161    ARGENTINA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    156
11.5.4    REST OF SOUTH AMERICA    156
TABLE 162    REST OF SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    157
TABLE 163    REST OF SOUTH AMERICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    157
11.6    REST OF THE WORLD    157
11.6.1    REST OF THE WORLD: RECESSION IMPACT ANALYSIS    158
FIGURE 46    REST OF THE WORLD: INFLATION RATE, BY REGION, 2018–2021    158
FIGURE 47    REST OF THE WORLD COMPOUND FEED MARKET: RECESSION IMPACT ANALYSIS    158
TABLE 164    REST OF THE WORLD: COMPOUND FEED MARKET, BY REGION, 2018–2022 (USD BILLION)    159
TABLE 165    REST OF THE WORLD: COMPOUND FEED MARKET, BY REGION, 2023–2028 (USD BILLION)    159
TABLE 166    REST OF THE WORLD: COMPOUND FEED MARKET, BY REGION, 2018–2022 (MMT)    159
TABLE 167    REST OF THE WORLD: COMPOUND FEED MARKET, BY REGION, 2023–2028 (MMT)    159
TABLE 168    REST OF THE WORLD: COMPOUND FEED MARKET, BY INGREDIENT, 2018–2022 (USD BILLION)    160
TABLE 169    REST OF THE WORLD: COMPOUND FEED MARKET, BY INGREDIENT, 2023–2028 (USD BILLION)    160
TABLE 170    REST OF THE WORLD: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    160
TABLE 171    REST OF THE WORLD: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    161
TABLE 172    REST OF THE WORLD: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (MMT)    161
TABLE 173    REST OF THE WORLD: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (MMT)    161
TABLE 174    REST OF THE WORLD: COMPOUND FEED MARKET, BY FORM, 2018–2022 (USD BILLION)    162
TABLE 175    REST OF THE WORLD: COMPOUND FEED MARKET, BY FORM, 2023–2028 (USD BILLION)    162
TABLE 176    REST OF THE WORLD: COMPOUND FEED MARKET, BY SOURCE, 2018–2022 (USD BILLION)    162
TABLE 177    REST OF THE WORLD: COMPOUND FEED MARKET, BY SOURCE, 2023–2028 (USD BILLION)    162
11.6.2    MIDDLE EAST    163
11.6.2.1    Increasing awareness about meat quality to fuel demand for compound feed    163
TABLE 178    MIDDLE EAST: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    163
TABLE 179    MIDDLE EAST: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    163
11.6.3    AFRICA    164
11.6.3.1    Growing importance of animal rearing and agriculture to drive compound feed market    164
TABLE 180    AFRICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2018–2022 (USD BILLION)    164
TABLE 181    AFRICA: COMPOUND FEED MARKET, BY LIVESTOCK, 2023–2028 (USD BILLION)    164
12    COMPETITIVE LANDSCAPE    165
12.1    OVERVIEW    165
12.2    MARKET SHARE ANALYSIS, 2022    165
TABLE 182    GLOBAL COMPOUND FEED MARKET: DEGREE OF COMPETITION, 2022    166
12.3    SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS    166
FIGURE 48    SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 (USD BILLION)    166
12.4    STRATEGIES ADOPTED BY KEY PLAYERS    167
TABLE 183    STRATEGIES ADOPTED BY KEY PLAYERS IN COMPOUND FEED MARKET    167
12.5    COMPANY EVALUATION QUADRANT (KEY PLAYERS)    168
12.5.1    STARS    169
12.5.2    EMERGING LEADERS    169
12.5.3    PERVASIVE PLAYERS    169
12.5.4    PARTICIPANTS    169
FIGURE 49    GLOBAL COMPOUND FEED MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS)    170
12.6    COMPOUND FEED MARKET: PRODUCT FOOTPRINT (KEY PLAYERS)    170
TABLE 184    COMPANY FOOTPRINT, BY LIVESTOCK    170
TABLE 185    COMPANY FOOTPRINT, BY SOURCE    171
TABLE 186    COMPANY FOOTPRINT, BY REGION    172
TABLE 187    OVERALL COMPANY FOOTPRINT    172
12.7    COMPOUND FEED MARKET: COMPANY EVALUATION QUADRANT FOR STARTUPS/SMES, 2022    173
12.7.1    PROGRESSIVE COMPANIES    173
12.7.2    STARTING BLOCKS    173
12.7.3    RESPONSIVE COMPANIES    173
12.7.4    DYNAMIC COMPANIES    173
FIGURE 50    GLOBAL COMPOUND FEED MARKET: COMPANY EVALUATION QUADRANT, 2022 (STARTUPS/SMES)    174
12.7.5    COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES    175
TABLE 188    GLOBAL COMPOUND FEED MARKET: DETAILED LIST OF KEY STARTUPS/SMES    175
TABLE 189    GLOBAL COMPOUND FEED MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES    176
12.8    COMPETITIVE SCENARIO    177
12.8.1    PRODUCT LAUNCHES    177
12.8.2    DEALS    177
TABLE 190    COMPOUND FEED MARKET: DEALS, 2019–2023    177
12.8.3    OTHERS    178
TABLE 191    COMPOUND FEED MARKET: OTHERS, 2019–2023    178

13    COMPANY PROFILES    179
13.1    KEY COMPANIES    179
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
13.1.1    CARGILL, INCORPORATED    179
TABLE 192    CARGILL, INCORPORATED: BUSINESS OVERVIEW    179
FIGURE 51    CARGILL, INCORPORATED: COMPANY SNAPSHOT    180
TABLE 193    CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED    180
TABLE 194    CARGILL, INCORPORATED: DEALS    181
TABLE 195    CARGILL, INCORPORATED: OTHERS    181
13.1.2    ADM    182
TABLE 196    ADM: BUSINESS OVERVIEW    182
FIGURE 52    ADM: COMPANY SNAPSHOT    183
TABLE 197    ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED    183
TABLE 198    ADM: DEALS    184
13.1.3    CHAROEN POKPHAND FOODS PCL    185
TABLE 199    CHAROEN POKPHAND FOODS PCL: BUSINESS OVERVIEW    185
FIGURE 53    CHAROEN POKPHAND FOODS PCL: COMPANY SNAPSHOT    186
TABLE 200    CHAROEN POKPHAND FOODS PCL: PRODUCTS/SOLUTIONS/SERVICES OFFERED    186
TABLE 201    CHAROEN POKPHAND FOODS PCL: DEALS    187
13.1.4    NEW HOPE GROUP    188
TABLE 202    NEW HOPE GROUP: BUSINESS OVERVIEW    188
TABLE 203    NEW HOPE GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    188
13.1.5    LAND O’LAKES, INC.    190
TABLE 204    LAND O’LAKES, INC.: BUSINESS OVERVIEW    190
FIGURE 54    LAND O’LAKES, INC.: COMPANY SNAPSHOT    190
TABLE 205    LAND O’LAKES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    191
13.1.6    NUTRECO    193
TABLE 206    NUTRECO: BUSINESS OVERVIEW    193
TABLE 207    NUTRECO: PRODUCTS/SOLUTIONS/SERVICES OFFERED    193
TABLE 208    NUTRECO: DEALS    194
13.1.7    ALLTECH    195
TABLE 209    ALLTECH: BUSINESS OVERVIEW    195
TABLE 210    ALLTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    195
TABLE 211    ALLTECH: OTHERS    196
13.1.8    GUANGDONG HAID GROUP CO., LTD.    197
TABLE 212    GUANGDONG HAID GROUP CO., LTD.: BUSINESS OVERVIEW    197
TABLE 213    GUANGDONG HAID GROUP CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    197

13.1.9    FEED ONE CO., LTD    199
TABLE 214    FEED ONE CO., LTD.: BUSINESS OVERVIEW    199
FIGURE 55    FEED ONE CO., LTD.: COMPANY SNAPSHOT    199
TABLE 215    FEED ONE CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    200
13.1.10    KENT NUTRITION GROUP    201
TABLE 216    KENT NUTRITION GROUP: BUSINESS OVERVIEW    201
TABLE 217    KENT NUTRITION GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    201
13.1.11    ELANCO ANIMAL HEALTH    203
TABLE 218    ELANCO ANIMAL HEALTH: BUSINESS OVERVIEW    203
FIGURE 56    ELANCO ANIMAL HEALTH: COMPANY SNAPSHOT    204
TABLE 219    ELANCO ANIMAL HEALTH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    204
13.1.12    DE HEUS ANIMAL NUTRITION    206
TABLE 220    DE HEUS ANIMAL NUTRITION: BUSINESS OVERVIEW    206
TABLE 221    DE HEUS ANIMAL NUTRITION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    206
TABLE 222    DE HEUS ANIMAL NUTRITION: DEALS    207
13.1.13    FORFARMERS    208
TABLE 223    FORFARMERS: BUSINESS OVERVIEW    208
FIGURE 57    FORFARMERS: COMPANY SNAPSHOT    209
TABLE 224    FORFARMERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    209
13.1.14    GODREJ AGROVET LIMITED    211
TABLE 225    GODREJ AGROVET LIMITED: BUSINESS OVERVIEW    211
FIGURE 58    GODREJ AGROVET LIMITED: COMPANY SNAPSHOT    212
TABLE 226    GODREJ AGROVET LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED    212
13.1.15    KERALA FEEDS LTD    214
TABLE 227    KERALA FEEDS LTD: BUSINESS OVERVIEW    214
TABLE 228    KERALA FEEDS LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    214
13.2    OTHER PLAYERS    215
13.2.1    HUEBER FEED, LLC    215
TABLE 229    HUEBER FEED, LLC: BUSINESS OVERVIEW    215
TABLE 230    HUEBER FEED, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    215
13.2.2    NOR-FEED    216
TABLE 231    NOR-FEED: BUSINESS OVERVIEW    216
TABLE 232    NOR-FEED: PRODUCTS/SOLUTIONS/SERVICES OFFERED    216
13.2.3    ARASCO    217
TABLE 233    ARASCO: BUSINESS OVERVIEW    217
TABLE 234    ARASCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED    217
13.2.4    BHARAT FEEDS & EXTRACTIONS LTD    219
TABLE 235    BHARAT FEEDS & EXTRACTIONS LTD: BUSINESS OVERVIEW    219
TABLE 236    BHARAT FEEDS & EXTRACTIONS LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    219

13.2.5    UNIVERSAL INDUSTRIES    221
TABLE 237    UNIVERSAL INDUSTRIES: BUSINESS OVERVIEW    221
TABLE 238    UNIVERSAL INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    221
13.2.6    ANFONTAL NUTRITIONS PRIVATE LIMITED    222
TABLE 239    ANFONTAL NUTRITIONS PRIVATE LIMITED: COMPANY OVERVIEW    222
13.2.7    THE CB GROUP    222
TABLE 240    THE CB GROUP: COMPANY OVERVIEW    222
13.2.8    NWF AGRICULTURE    223
TABLE 241    NWF AGRICULTURE: COMPANY OVERVIEW    223
13.2.9    JAPFA    224
TABLE 242    JAPFA: COMPANY OVERVIEW    224
13.2.10    ARIVAN AGROVET PRODUCTS    225
TABLE 243    ARIVAN AGROVET PRODUCTS: COMPANY OVERVIEW    225
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
14    ADJACENT AND RELATED MARKETS    226
14.1    INTRODUCTION    226
TABLE 244    ADJACENT MARKETS TO COMPOUND FEED MARKET    226
14.2    LIMITATIONS    226
14.3    FEED ADDITIVES MARKET    226
14.3.1    MARKET DEFINITION    226
14.3.2    MARKET OVERVIEW    227
TABLE 245    FEED ADDITIVES MARKET, BY TYPE, 2021–2026 (USD MILLION)    227
14.4    AQUAFEED MARKET    228
14.4.1    MARKET DEFINITION    228
14.4.2    MARKET OVERVIEW    228
TABLE 246    AQUAFEED MARKET, BY INGREDIENT, 2020–2025 (USD MILLION)    228
15    APPENDIX    229
15.1    DISCUSSION GUIDE    229
15.2    KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    234
15.3    CUSTOMIZATION OPTIONS    236
15.4    RELATED REPORTS    236
15.5    AUTHOR DETAILS    237