In 2013, the global compound feed production was around 950 million tons and the market was worth around $480 billion. The global market for compound feed is estimated to grow at a compounded annual rate of 1.5% between 2014 and 2020. Asia-Pacific and South America are estimated to be the fastest growing regions with estimated CAGR of 1.7% and 1.8% respectively.
Among feed ingredients, cereal forms a major part of compound feed, occupying a 37% share. The compound feed additives market is expected to grow at a CAGR of 4.1% in value terms during the forecast period, to reach $44,342 million by 2020. Antioxidants are the fastest growing feed additives, set to grow at an estimated CAGR of 4.6%.
To know more: http://mordorintelligence.com/product/global-compound-feed-market-by-ingredients-supplements-animal-type-geography-trends-forecasts-2014-2020/
