The global compound feed market was valued at USD 541.2 billion in 2023 and is projected to reach USD 668.3 billion by 2028, growing at a compound annual growth rate (CAGR) of 4.3% during the forecast period.
Rising global population and increasing income levels are key factors fueling the demand for animal-based protein sources such as meat, eggs, and dairy products. This, in turn, is driving the need for compound feed to support efficient and scalable animal production systems.
Growing awareness of the nutritional advantages of compound feed has further boosted its use, particularly in the form of feed-based supplements for livestock. Additionally, the ongoing expansion of the livestock sector—including poultry, swine, cattle, and aquaculture—is a significant growth driver. As the sector continues to scale up to meet the escalating demand for animal products, the consumption of compound feed is expected to rise accordingly.
Top 10 Companies in the Compound Feed Market
- Cargill, Inc. (US)
- ADM (US)
- Charoen Pokphand Foods (Thailand)
- New Hope Group (China)
- Land O’Lakes (US)
- Nutreco N.V. (Netherlands)
- Alltech, Inc. (US)
- Guangdong Haid Group Co., Ltd (China)
- Weston Milling Group (Australia)
- Feed One Co. (Japan)
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Cargill, Inc. (US)
Cargill is one of the global leaders in the compound feed market, leveraging its expansive supply chain and R&D capabilities to develop customized feed solutions for poultry, swine, ruminants, and aquaculture. The company focuses on sustainable feed formulations and digital precision technologies to optimize animal performance. Cargill’s international presence allows it to navigate volatile commodity prices and regional demand shifts effectively.
ADM (Archer Daniels Midland Company) (US)
ADM plays a significant role in the compound feed market through its animal nutrition division. The company provides high-quality feed ingredients, premixes, and complete feed solutions tailored to local farming needs. ADM emphasizes innovation in feed safety and sustainability, investing in enzyme technologies and alternative proteins to improve feed efficiency and reduce environmental impact.
Charoen Pokphand Foods (Thailand)
As a vertically integrated agribusiness giant, CPF is a dominant player in Asia’s compound feed market. It produces high-volume feed for poultry, swine, and aquaculture, supplying both its internal farming operations and external clients. CPF’s regional diversification in Southeast Asia and expansion into countries like Vietnam and India give it a strategic edge in emerging markets with rising protein consumption.
New Hope Group (China)
New Hope is China’s largest feed manufacturer and a key player in the global compound feed industry. It produces millions of tons of feed annually, with a focus on swine, poultry, and ruminant sectors. The company has aggressively expanded its footprint across Southeast Asia and Africa. Its investments in smart farming and automation technologies support its large-scale operations and help meet China’s evolving food security goals.
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Land O’Lakes (US)
Through its animal nutrition business unit, Purina Animal Nutrition, Land O’Lakes delivers scientifically backed compound feed solutions primarily for dairy, beef, swine, and poultry. The company stands out for its use of data-driven farm management tools that enhance feed conversion ratios. Land O’Lakes also invests in education and advisory services for farmers, reinforcing its commitment to productivity and animal welfare.
Nutreco N.V. (Netherlands)
Nutreco, through its Trouw Nutrition brand, is a prominent supplier of innovative compound feed and premix solutions globally. The company prioritizes precision nutrition, sustainable sourcing, and digital platforms that monitor animal health and performance. Nutreco is active in over 90 countries and plays a pivotal role in promoting climate-smart feeding practices in Europe, Latin America, and Asia.
Alltech, Inc. (US)
Alltech is a global leader in animal health and nutrition, offering a range of compound feeds, feed additives, and fermentation-based solutions. Known for its scientific approach, Alltech focuses on gut health, mycotoxin management, and trace mineral nutrition. Its global research alliances and focus on sustainable agriculture position it as an innovative force in the compound feed sector.
Guangdong Haid Group Co., Ltd. (China)
Haid Group is one of China’s fastest-growing feed companies, especially in the aquaculture segment. It produces compound feed for fish, shrimp, swine, and poultry, with a strong focus on high-protein and disease-resistant formulations. The company has expanded internationally, especially in Southeast Asia, as it targets regions with high aquaculture growth potential.
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Weston Milling Group (Australia)
Weston Milling, a subsidiary of George Weston Foods, is a notable player in Australia and New Zealand’s compound feed market. It specializes in ruminant and poultry feeds and utilizes high-quality grains sourced locally. The company emphasizes traceability and feed safety, responding to increasing consumer and regulatory demands in the region’s agricultural sectors.
Feed One Co. (Japan)
Feed One, formed from the merger of Kyodo Shiryo and Feed Innovation, is one of Japan’s leading feed manufacturers. It focuses on swine and poultry compound feed and plays a critical role in Japan’s domestic food supply chain. The company invests heavily in research to address Japan’s specific feed ingredient challenges and animal health issues, while also pursuing international collaborations to ensure feed security.