Base Year
Historical Year
Forecast Year
Value in AUD billion
2024-2032
Australia Compound Feed Market Outlook
*this image is indicative*
Animal-based sources have been driving the Australia compound feed market growth due to their rich nutritional content, high digestibility, and palatability.
The Australia compound feed market expansion is driven by the shift towards sustainable animal feeding practices. Animal-based feed sources, including fishmeal, meat and bone meal, and poultry by-products, are rich in essential nutrients such as protein, amino acids, vitamins, and minerals. These nutrients are vital for animal growth, development, and overall health. The high digestibility of animal-based feeds ensures efficient nutrient absorption by animals, leading to improved growth performance and feed conversion ratios.
| Australia Compound Feed Market Summary | Description | Value |
| Base Year | AUD Billion | 2023 |
| Historical period | AUD Billion | 2018-2023 |
| Forecast Period | AUD Billion | 2024-2032 |
| Market Size 2023 | AUD Billion | 7.3 |
| Market Size 2032 | AUD Billion | 10.4 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.0% |
| CAGR 2024-2032 - Market by Region | New South Wales | 4.5% |
| CAGR 2024-2032 - Market by Region | Western Australia | 3.8% |
| CAGR 2024-2032 - Market by Animal Type | Poultry | 4.5% |
| CAGR 2024-2032 - Market by Source | Plant-Based | 4.4% |
| Market Share by Region | Queensland | 11.3% |
Many animal-based feed ingredients have a naturally palatable taste and aroma, which makes them attractive to animals. This palatability encourages consistent feed intake, which is essential for maintaining the health and productivity of livestock and poultry.
The incorporation of animal-based feed ingredients in compound feeds has been stimulating the Australia compound feed market growth while offering various performance benefits, including improved growth rates, higher feed efficiency, better reproductive performance, and overall health and well-being of animals.
GrainCorp is expanding its Animal Nutrition offerings in Australia by acquiring XF Australia's (XFA) Performance Feeds and Nutrition Services Australia (NSA) businesses. XFA specializes in providing top-notch feed supplement products and nutritional consulting services to the country's feedlot and grazing industries.
Australia Compound Feed Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Animal Type
Market Breakup by Source
Market Breakup by Region
Supplements are added to compound feed to enhance its nutritional value. They provide essential vitamins, minerals, amino acids, and other nutrients that may be lacking in the primary ingredients of the feed. This ensures that animals receive a balanced diet that meets their nutritional requirements for growth, health, and productivity.
| CAGR 2024-2032 - Market by | Region |
| New South Wales | 4.5% |
| Western Australia | 3.8% |
| Others | 3.2% |
| Victoria | XX% |
| Queensland | XX% |
| Australian Capital Territory | XX% |
The growth of the compound feed market is fuelled by increasing animal-based sources and the incorporation of animal-based feed ingredients.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The Australia compound feed market was valued at AUD 7.30 billion in 2023.
The market is projected to grow at a CAGR of 3.98% between 2024 and 2032.
The revenue generated from the market is expected to reach AUD 10.37 billion in 2032.
Based on the animal type, the compound feed market is bifurcated into poultry, ruminants, aquaculture, swine, and others.
Key players in the industry are Land O’Lakes, Inc., Archer Daniels Midland Company, and 4Farmers Australia Pty Ltd among others.
Based on source, the compound feed market is divided into plant-based and animal-based.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Animal Type |
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| Breakup by Source |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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