The global liquid feed supplements market size is estimated to reach USD 5.80 billion by 2028, expanding at a CAGR of 5.80% during the forecast period, 2021 – 2028. Growth of the market is attributed to the latest R&D activities concerning animal feed segment.
Liquid feed supplements are molasses-based materials that are fed to both feedlot and grass-fed cattle and come in a variety of formulations. They provide essential substances like proteins, vitamins, and minerals and are added to the diet plan of varied animal species such as pigs, poultry, cattle, and seafood. Additionally, liquid feed supplements are consumed by humans.
Market Trends, Drivers, Restraints, and Opportunities
- Rising concerns of the population towards their health as well as animal’s health along with the use of advanced technology in the production of supplements are projected to fuel the market.
- Increased consumption of animal-based products worldwide is expected to drive the market.
- Factors such as growing awareness of animal health and quality of feed are considered to be major drivers for the market.
- High cost of raw material is posing a huge challenge for the growth of the global market.
- High cost of raw materials and transportation are estimated to hinder the market growth.
- Lack of work prospects and high labor charges are expected to hamper the market growth.
- Changing eating patterns and economic prosperity are expected to open new avenues for the prominent players in the market.
Scope of the Report
The report on the global liquid feed supplements market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Liquid Feed Supplements Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Protein, Minerals, and Vitamins) and Applications (Ruminant Animals, Poultry, Pigs, Fish, and Others)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Cargill, Basf, Archer Daniels Midland, Land O'Lakes, Graincorp, Ridley, Quality Liquid Feeds, Performance Feeds, Westway Feed Products, and Dallas Keith
Market Segment Insights:
The protein segment is expected to expand at a robust CAGR during the forecast period
Based on types, the global liquid feed supplements market is fragmented into protein, vitamins, and minerals. The protein segment accounts for the major market share, due to rising concerns about the health of livestock. Protein is considered to be the most significant nutrient that is boosting the global market. Vitamins and minerals are expected to expand at a high CAGR during the forecast period.
The ruminants segment is anticipated to hold a major market share during the forecast period
In terms of applications, the global liquid supplements market is segregated into ruminant animals, poultry, pigs, fish, and others. The ruminants segment is projected to be the leading livestock segment, led by poultry, pigs, fish, and other livestock.
The market in Asia Pacific is booming for the projected period
On the basis of regions, the global CT scanner market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to be the fastest growing market, due to investments from several multinational manufacturers and increasing knowledge about the use of liquid feed supplements.
The market in Europe and North America is projected to hold substantial shares in the global liquid feed supplements market, owing to the abundance of liquid feed supplements from different industries in the region. The markets for liquid feed supplements in Latin America, the Middle East, and Africa are considered to be expanding, owing to their cost-effectiveness.
Segments Covered in the Report
The global liquid feed supplements market has been segmented on the basis of
- Ruminant Animals
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- Archer Daniels Midland
- Land O'Lakes
- Quality Liquid Feeds
- Performance Feeds
- Westway Feed Products
- Dallas Keith
Key players in the global liquid feed supplements market include Cargill, Basf, Archer Daniels Midland, Land O'Lakes, Graincorp, Ridley, Quality Liquid Feeds, Performance Feeds, Westway Feed Products, and Dallas Keith. Agreements with other firms, new product launches, and mergers & acquisitions are the most common tactics used by the major players.
In February 2019, Cargill invested USD 20 million in a venture to build a premix plant in Kota, India, for assisting farmers in improving animal welfare and efficiency through its wide portfolio of liquid feed supplements.
Land O'lakes, Inc., a member-owned agricultural cooperative headquartered in the US, joined Royal Agrifirm Group (Agrifirm) to create Agrilakes, a dairy animal feed joint venture in China. The firm is continuing its commercial expansion policy by concentrating on partnering with local successful firms and expanding its global footprint in the feed supplements market.
Archer Daniels Midland Company, one of the world's leading farm producers and food ingredient suppliers, announced the launch of its fourth animal nutrition manufacturing facility in North America in April 2019. Additionally, the organization stated that it made substantial improvements to extend and develop its animal nutrition capability. Protexin, a leading producer of probiotic supplements for animal feed markets based in the UK, was recently acquired by the Archer Daniels Midland Company.