Liquid Feed Market Overview
The global Liquid Feed Market is predominantly driven by the ever-increasing population worldwide. The ever-increasing population drives the demand for food and animal food such as Meat/Milk. In order to supply this increasing demand for food; operators of these animals take extreme care of their cattle/poultry. Since food is the prime factor in the care chain the liquid feed market is growing voluminously.
Liquid Feed provided in an optimum level gives good production of milk and meat. Additionally, cost of metabolic diseases increasing in dairy cattle/ Goat/Swine, etc. which is one of the reasons driving the global demand for liquid feed. Simultaneously, demand for milk products such as milk chocolate, milk powders, yogurts, and others are growing in the global market which in providing impetus to the liquid feed market consecutively.
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However, Concerns arisen about the content of these Liquid Feeds such as chemical additives in the liquid feed may accumulate in animal tissues, potentially exposing consumers to unwanted chemicals such as veterinary drug residues and heavy metals. This is a key factor hampering the market growth.
Industry/Innovations/Related News:
June 29, 2018 – Archer Daniels Midland (ADM – US), a leading global provider of agriculture feed and animal feed announced the acquisition of Probiotics International Limited (PIL -UK), a leading provider of probiotic supplements for the pet, and production-animal use. The deal has cost ADM with around £185 Mn. – all-cash transaction, subject to customary adjustments.
The acquisition of PIL will add to the extensive portfolio of products that promote the health and wellness of ADM, which is already one of the world’s largest providers of animal nutrition solutions. With the addition of PIL’s extensive sales and marketing network to its existing R&D capabilities, ADM is building a world-class, fully integrated probiotics and nutraceuticals business.
Key Players:
Fervent players leading the global Liquid Feed Market include Cargill Inc. (US), Archer Daniels Midland (US), Dallas Keith Ltd. (UK), Westway Feed Products (US), GrainCorp (Australia), Midwest Liquid Feeds. (US), Land O’ Lakes (US), and Agridyne LLC (US).
Global Liquid Feed Market – Segments
The MRFR analysis is segmented into three key dynamics for enhanced understanding.
By Ingredient : Phosphoric Acid, Trace Minerals, Vitamins, Urea, and Fats among others.
By Livestock : Ruminants, Poultry, Swine, and Aquaculture among others.
By Region : North America, Europe, APAC and the Rest-of-the-World.
Liquid Feed Market – Regional Analysis
The North American region dominates the global liquid feed market with the largest market share followed by the Asia Pacific. This impressive growth of the market attributes to the growing demand for the dairy products such as cheese & milk and animal foods like meat. Growing liquid feed market in the US is majorly supporting the market growth in the region.
Whereas the Asia Pacific accounts for the second-largest market for liquid feed, globally. China is the major contributor to the meat industry which in turn, supports the market of liquid feed in the region. Simultaneously, the rapidly growing demand for milk consecutively increases the market size of the liquid feed market in the region.
Argentina, Australia, New Zealand, USA, Denmark and countries of the EU and Eastern Europe being the second-largest market for milk & meat products, the liquid feed market is seen increasing in Eastern Europe, Latin America, and many developing countries.
Liquid Feed Market – Competitive Analysis
Characterized by the presence of many large and small players, the global liquid feed market appears to be fragmented and highly competitive. Well established players incorporate collaboration, acquisition, partnership, product launch and expansion to gain the competitive advantage in this market.
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These players adopt advanced technologies while revising their production processes. Such bettered processes along with the prevailing strategic partnerships between manufacturers support the growth and expansion plans of the key players. Manufacturers are investing significantly in cutting-edge R&D activities to support innovation pipeline.
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