Market Synopsis
The global liquid feed market 2020 is projected to contribute to the estimated CAGR of 4.2% of the liquid feed market during the forecast period 2017-2023.
Market Highlights
Over the past few years, the liquid feed market has achieved tremendous growth. The demand for liquid feed is driven by increased understanding of animal nutrition and growing concern about animal health. Demand for the development of poultry, swine, aquaculture, and other livestock for consumption, which has opened doors to the liquid feed industry, has increased with an increasing population in developing countries. The growing demand from health-conscious customers for high-grade meat and meat products has stimulated meat production, thus boosting the market for liquid feed supplements globally. The market for liquid feed market supplements is growing increasingly to sustain the development of high-quality meat due to benefits such as increased digestibility in cattle, simpler and versatile inclusion of additives, and the likelihood of fermentation.
Rising intake of meat and meat products adds steam to the growth of the demand for liquid feed. In addition, regional governments are developing legislation to standardize meat products to avoid the outbreak of livestock diseases among customers, further boosting the development of the demand for liquid feed market growth. The negative effects caused by some ingredients, however, can limit the growth of the market.
Competitive Analysis
Some of the major players profiled in the global liquid feed market are Archer Daniels Midland (U.S.), Dallas Keith Ltd. (U.K), Cargill Inc. (U.S.), GrainCorp (Australia), Westway Feed Products (U.S.), Agridyne LLC (U.S.), Midwest Liquid Feeds. (U.S.), Land O’ Lakes (U.S.)
Segmentation Analysis
The market for liquid feed market is segmented into components such as phosphoric acid, trace minerals, vitamins, urea, fats, and others. Among them, the urea segment is projected to maintain a substantial market share over the forecast period. In addition, trace minerals are expected to be the fastest-growing category, followed by the segment of vitamins.
The liquid feed industry market overview can be segmented into ruminants, chickens, pigs, aquaculture, pets, and others based on livestock. The category of ruminants, above all, dominates the market. The aquaculture segment, however, has a possible liquid feed market, led by the poultry segment.
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Regional Analysis
The global liquid feed market is segmented into North America, Europe, Asia Pacific, and the rest of the world (Row).
The Liquid Feed market is dominated by North America, followed by the Asia Pacific. Thanks to favorable regulatory policies implemented in North America, the U.S. is leading the market. In addition, increasing demand in Europe for poultry and swine products would fuel the market for liquid feed in this area. Additionally, over the forecast period, Latin America and South America are seeing growth.
In addition, the Asia Pacific region is predicted to expand considerably over the projected period. Demand for liquid feed supplements is growing due to an increase in the worldwide production of meat and meat products. In developed countries, the change in eating habits towards a more protein-based diet is further pushing the overall liquid feed supplements market. Moreover, the growing population, accompanied by increasing livestock use in emerging Asia Pacific countries, is improving the liquid feed industry. China is the biggest contributor to the meat industry in the Asia Pacific, which in turn boosts the demand for liquid feed in this area. Other liquid feed supplement markets in the area include Vietnam, the second-largest user of pork, and India, the most prospective market for liquid feed supplements, led by a growing trend in the intensive farming system, which contributes to the demand for liquid feed supplements throughout the Asia-Pacific region.
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