Starter Feed Market to Emerge as a Key Driver of Sustainable Animal Agriculture
Starter Feed Market Outlook
Starter Feed Market Size was valued at USD 25.8
Billion in 2022. The Starter Feed market industry is projected to grow from USD
27.6 Billion in 2023 to USD 48.3 Billion by 2032, exhibiting a compound annual
growth rate (CAGR) of 7.22% during the forecast period (2023 - 2032). Starter feed is a specially formulated
feed that is meant for newly born offspring of livestock. A new report on the
global starter feed market, published by Market Research Future (MRFR),
The most important market driving
factor for the global starter feed market growth is rich protein content that
newborn of livestock essentially requires. Starter feed contains all the
necessary nutrition for them that includes 20–25% protein, that is essential
for the growth of all livestock animals. Starter feed also improves the immune
system of animals and helps the owners of animals to save the cost associated
with treatment and medicines in case animals fall sick. Hence, the demand for
starter feed is increasing. The demand for meat and meat products is also
fueling the demand for starter feed. Commercialization of poultry farming can
foster the market. However, high cost of starter feed can obstruct the market
growth.
𝐓𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐢𝐬 𝐏𝐫𝐢𝐜𝐞𝐝 𝐚𝐭 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐓𝐨 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.marketresearchfuture.com/sample_request/5358
Market
Segmentation
The global starter feed market segmentation
encompasses form, livestock, and type. MRFR’s take on the market surveys
various facets of the market in-depth.
The form-based segmentation of this
market covers crumbles, mash, and pellets. The pellets segment holds the
largest market share due to ease of storage, handling, and feeding.
Regarding livestock, the market has
been segmented into aquaculture, poultry, ruminant, swine, and others. Among
these segments, the poultry segment holds the largest market share.
By type, the market has been segmented
into medicated, and non-medicated. The medicated type holds a larger market
share.
Regional
Segmentation
A geographical outlining of the global starter feed market covers North America, Asia Pacific,
Europe, and Rest of the World (RoW).
North America holds the largest market
share in the global market, followed by the Asia Pacific region. Both of these
regions are strong markets due to rising population and increasing consumption
of poultry & meat products. North America is a bigger regional market due
to the presence of many key market players. The USA is the most important country-specific
market in this region due to increasing awareness regarding livestock health.
After USA, Canada and Mexico contribute maximum revenue to the North American
market.
As mentioned earlier, the Asia Pacific
region is the second-largest regional market due to rising population, expansion
as well as commercialization of livestock raising activities, increasing
purchasing power, increasing consumption of poultry & meat products,
increasing consumption of animal-sourced food, and stable economic growth in countries
like China and India. Few major market players are based in the Asia Pacific
region too. Japan is another major country-specific market in this region. In
this report, Australia and New Zealand have been clubbed into one segment. An
assay of the remaining countries in the Asia Pacific region featured in this
report calculates huge doles of market revenue from some other countries.
In Europe, the market is strong due to the
presence of some major market players, the high purchasing power of consumers,
and increasing focus on the health of livestock and their newborns. The most
powerful country-specific markets in Europe are France, Germany, Italy, Spain,
and the UK.
The RoW segment covers South America,
Africa, and the Middle East. South America is a decent market due to stable
economies, but the purchasing power of people is lower than those in North
America. In the Middle East, the market is small due to less awareness about
the means to take care of livestock. Africa has poor economies, and consumers
have low purchasing power. Hence, the market is low in this region
Key
Players
Big players in the global starter feed
market include ACI Godrej Agrovet Private Ltd. (India), Alltecht (USA), Archer
Daniels Midland Company (USA), Associated British Foods PLC (UK), Cargill Inc.
(USA), CCPA GROUP (France), C-Feed AS (Norway), Charoen Pokphand Foods PCL
(Thailand), Evonik Industries AG (Germany), Land O'Lakes Inc. (USA), Nutreco
N.V. (Netherlands), Purina Mills LLC (USA), Roquette Freres S.A. (France),
Tyson Foods Inc. (USA), and Vimala Feeds Private Limited (India).
Read More:https://www.marketresearchfuture.com/reports/starter-feed-market-5358
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
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