The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
According to Precision Business Insights (PBI), the latest report the global Liquid Feed Market is expected to be worth USD 5.74 billion in 2021 and projected to grow at 8.24% CAGR from 2022 to 2028. mixture of several supplements, nutrients and raw materials used to feed the livestock is known as a liquid feed. This liquid feed may be obtained from animals and plants, or from the industry by-products. The liquid feed is a complete diet of nutritious elements. It consists of high values of nutrients such as minerals, proteins, vitamins that are essential for healthy growth and wellness of animals. Liquid feed enhances palatability of the feed, improves metabolism in the livestock. The rise in consumption of meat, poultry and dairy products, growing concern an outbreak of animal diseases are witnessed to fuel liquid feed supplements market globally. Furthermore, growing domestic and international quick-service restaurants in developing countries and demand for high-quality meat products by consumers are the factors bolstering liquid cattle feed market. Moreover, growing appetite for high-protein diets has positive influence on liquid feed market size. However, the rise in the cost of raw materials and concerns about product viability are expected to hamper the growth of the liquid feed supplements market.
The global liquid feed market is classified on the basis of ingredients, livestock and geographical regions.
1) By Type: Protein, Minerals, Vitamins, Others (acids, enzymes, and fats).
2) By basis of Source: Molasses (prills and granules), Corn Urea Others (soy and wheat bran).
3) By basis of Livestoc: Ruminants Poultry Swine Aquaculture Others (horses and monkeys).
And lastly, on the basis of geographical regions, the global liquid feed market is segmented as Latin America, North America, Asia-Pacific, the Middle East & Africa and Europe. Europe is the largest market in liquid feed market size owing to increase in adoption of intensive agriculture systems, high consumption of pork and beef. North America is one of the largest market for the liquid cattle feed market as the U.S. is the largest producer of liquid feed globally. Asia-Pacific is anticipated to show a significant growth rate due to surge in demand for meat and meat products, increase in economic development, growing population of livestock.
Some of the players in global liquid feed market are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Land O'™Lakes Inc. (U.S.), GrainCorp Ltd. (Australia). BASF SE (Germany), Evonik Industries AG, Novozymes (DENMARK), DSM (NETHERLANDS), Dupont (U.S), Nutreco (Netherlands).
Some of the market innovations include Kemin has launched LYSOFORTE liquid biosurfactant which can be directly added to the fat or oil line during feed production in 2016. Liquid feed market size is expected to expand at robust growth rate due to demand for external nutrients required for animal growth. Many government and non-government organizations are supporting industry. Liquid feed supplements market witnessed to offer healthy growth opportunities owing to growth strategies adopted by key players such as acquisitions, mergers investments, and expansions, which enables enhance the product portfolio and reaching out to new markets. Companies are inclining towards liquid systems in order to utilize the liquid by-products. Growing scope of applications in the aquaculture industry is vital driving factor for growth of global liquid cattle feed market.