Compound Feed Market: Livestock Farming Trends 2024 Compound feed is indispensable in commercial livestock management, providing a carefully calibrated combination of essential nutrients. It ensures standardized nutrition for optimal animal growth, contributing to cost-effective livestock farming practices. As per Inkwood Research, the global compound feed market is forecasted to grow with a CAGR of 3.82% during the forecast period of 2024 to 2032.
Compound Feed Market: Facilitating Livestock Well-Being Livestock, like humans, require a well-balanced diet with essential nutrients for growth, development, and immunity. Whether using commercial feeds or on-farm resources, ensuring each animal's specific dietary needs throughout various life stages is important. Monitoring intake and analyzing nutritional content is key. In this regard, supplementing base feeds with concentrates, vitamins and minerals as per the animal's age and intended functionality allows farmers to support optimal health and productivity. Let’s take a look on a deeper level –
1. Balanced Nutrition for Optimal Growth Balanced animal nutrition is essential in livestock farming, with compound feed consumption varying across species. For instance, a mature beef cow typically consumes 2-2.5% of its body weight in feed daily, emphasizing personalized nutrition for optimal health. Poultry, such as broilers and layers, follow similar principles, requiring about 1.8-2.5 pounds of feed per bird per week.
2. Enhanced Feed Efficiency and Performance