Global Compound Feed Market Research Report Forecast to 2023 Bharat Book Bureau Provides the Trending Market Research Report on “Global Compound Feed Market Research Report Forecast to 2023� under Food category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. The growing demand for animal-based products owing to the increasing demand for high-protein food across the world is a key factor driving the growth of the Global Compound Feed Market. A focus on animal nutrition and growth and the need to improve animal performance are driving the growth of the market. In developing countries, governments have taken initiatives to support the commercialization of livestock farming, thereby, boosting the demand for compound feed. However, the fluctuating raw material prices are affecting the profitability of producers, which is restraining market growth. Moreover, stringent regulations for animal feed safety, especially in the European Union, are expected to hamper the growth of the global compound feed market during the review period. Request a free sample copy of Compound Feed Market Report @ https://www.bharatbook.com/marketreports/Sample/Reports/1517832 Regional Analysis Based on region, the global compound feed market has been segmented into North America, Europe, Asia-Pacific, South America, and the rest of the world. AsiaPacific is expected to be the largest market during the forecast period. The regional market is estimated to reach USD 211.2 billion by 2023, registering a CAGR of 4.21%. China is projected to account for the largest market share of 51.98% in 2018 and remain the largest market in Asia-Pacific during the forecast period. The growth of the compound feed market in Asia-Pacific can be attributed to various factors such as the rising population, increasing inclination toward high-protein diets, and government initiatives to support the commercialization of livestock farming. The market in Asia-Pacific is also projected to register the highest CAGR of 4.21% during the forecast period. Europe was the second-largest market with a share of 24.98% in 2017. Germany is expected to dominate the European compound feed market during the forecast period, while the Spanish market is projected to register the highest CAGR of 4.78%
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