Compound feed market is observing an exponential growth based on its high usage in the feed industry. They offer additional nutrients such as minerals, antioxidants, amino acids, and vitamins to the animal feed. They are used for improving the feed quality and animal health by reducing livestock diseases. The major types of compound feed include starter, grower, and finisher feed.
The global compound feed market is expected to grow at a CAGR of 4.1% during the forecast period, 2019-2023. However, the high cost of processing and raw materials may hamper the compound feed market over the review period. The market players are responding to these new opportunities by expanding their product lines, which has boosted the share of the compound feed in the global market.
