Market Overview:
Feed supplements are added to livestock food formulation to increase the nutritional content in the animal feed. Among the various forms of feed supplements, liquid feed is projected to have a substantial growth over the forecast period. The most common liquid feed ingredient include phosphoric acid, trace minerals, vitamins, urea, fats, and others. They contribute to the improved animal health and reduce the livestock diseases which further helps in quality of products derived from the livestock. Growing livestock industry is driving the market for liquid feed.
Liquid feed improves the quality of livestock feed, improvise animal health and enhance the performance of the livestock. Growing population in developing countries has increased the demand for production and consumption of poultry, swine, aquaculture, and other livestock which is driving the market for liquid feed. Moreover, comparatively cheaper cost of liquid feed is boosting the growth of the market.
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Owing to increasing outbreak of livestock diseases, there are continuous innovations in animal feed which is adding fuel to the growth of liquid feed market. Moreover, innovations by the key players have a potential growth in the liquid feed market over the coming years. All these factors are projected to contribute to the estimated CAGR of 4.2% of liquid feed market during the forecast period 2017-2023.
Major Key Players:
- Midwest Liquid Feeds. (U.S.)
- Agridyne LLC (U.S.)
- Land O’ Lakes (U.S.)
- Archer Daniels Midland (U.S.)
- Cargill Inc. (U.S.)
- Dallas Keith Ltd. (U.K)
- GrainCorp (Australia)
- Westway Feed Products (U.S.)
Downstream Analysis:
The liquid feed market is segmented by ingredients such as phosphoric acid, trace minerals, vitamins, urea, fats, and others. Among them, the urea segment is anticipated to hold the major market share over the forecast period. Moreover, the trace minerals are projected to be the fastest growing segment followed by the vitamins segment.
On the basis of livestock, liquid feed can be segmented into ruminants, poultry, swine, aquaculture, pets, and others. Among all, the ruminants segment is dominating the market. However, the aquaculture segment has a potential market for liquid feed followed by the poultry segment.
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Regional Analysis:
The global liquid feed market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the liquid feed market followed by Asia Pacific. In Asia Pacific, rising population followed by increasing consumption of livestock in developing countries of Asia Pacific is boosting the liquid feed market. Moreover, China is experiencing rising trend in meat consumption which is growing the demand for liquid feed in ruminants segment in this region.
In North America, the U.S. is the major contributor to the growth of liquid feed in this region owing to increasing demand for meat products. Moreover, rising demand for poultry and swine products in Europe will boost the liquid feed market. Additionally, South America is witnessing growth owing to increase in demand for protein intake from swine and poultry applications.
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