compound feed market Size and forecast to 2028.
The global compound feed market size was valued at USD 459.1 billion in 2021 and is poised to grow at a significant CAGR of 4.2% during the forecast period 2022-28. The global market provides a detailed overview of the global compound feed market, and that can be segmented by animal type and by product type. By animal type, the global compound feed market has been segmented into Swine, Poultry, Ovine, Bovine, Equine, Canine, and Aquaculture. The swine segment is likely to be the largest and fastest-growing segment in terms of animal type in 2021 and is expected to maintain the growth in the upcoming years according to precession business insights. It is attributed to the high demand for pig meat in the U.S, Mexico, China, and other Southeast Asian countries. The poultry segment is also growing at a significant CAGR due to the increasing production of poultry animals such as chicken and turkey. Based on product type, the global compound feed market is segmented into Cereals, Cakes...