USD 5.61 billion
Report ID: SQSG30C2036 | Region: Global | Published Date: April, 2023 | Pages: 260 | Tables: 94 | Figures: 76
Liquid Feed Supplements Market size was valued at USD 5.61 billion in 2021 and is poised to grow from USD 5.91 billion in 2022 to USD 8.55 billion by 2030, growing at a CAGR of 5.1% in the forecast period (2023-2030).
The liquid feed supplements market is expected to rise as a result of rising knowledge about the quality and health of animal feed, the need for a solution to the problem of inadequate pasture, and an increase in R&D activities across the animal feed husbandry industry. The market for liquid feed supplements is projected to experience tremendous development potential as a result of the entry of international competitors. Economic affluence and changing eating patterns are predicted to drive the major players in the liquid feed supplement market to concentrate on underdeveloped regions. This in turn creates a market for liquid feed supplements with enormous growth potential, particularly in emerging economies.
US Liquid Feed Supplements Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5.61 billion
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The Global Liquid Feed Supplements Market is segmented based on type, sources, animal type. Based on the type, the liquid feed supplements market is segmented into protein, minerals, vitamins, and others. Based on source, the market is segmented into molasses, corn, urea, and others. Based on the animal type, the market is segmented into poultry, ruminants, swine, aquaculture, others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Liquid Feed Supplements Market Analysis by Animal Type
Based on the animal type, the market is segmented into poultry, ruminants, swine, aquaculture, others. The rise in innovations, the prevalence of pet ownership, and the development of a variety of pet food packaging types are the primary factors driving the market for Liquid Feed Supplements. Over the course of the forecast period, rising consumer feed consumption in the ruminant segment is projected to present opportunities for the Liquid Feed Supplements market. This is due to a growth in ruminant farms around the world, as well as an increase in demand for their products. Increased demand for poultry meat has prompted liquid feed supplement makers to create novel supplements for poultry growth, potentially boosting the industry further.
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Based on the region the liquid feed supplements market is categorized into North America, Europe, Asia-Pacific, South America, and MEA. The North America, region accounted for the largest market share and is expected to remain the leading consumer of Liquid Feed Supplements in the coming years. The heavy reliance on animal-based food products in dietary patterns in the countries such as the US and Canada is a major driving force. The increased consumption of meat can be ascribed to the regional market's rise. Increasing demand for high-quality meat and meat products as a result of rising canned and frozen food consumption is expected to drive market expansion. Furthermore, industry participants are using a variety of strategies that are expected to benefit the market in the future. Liquid Feeds International, for example, sources high-quality sugarcane molasses from Louisiana that is 84 BRIX cane molasses.
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Liquid Feed Supplements Market Driver
Liquid Feed Supplements Market Restraint
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The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Liquid Feed Supplements Market Top Players' Company Profiles
Liquid Feed Supplements Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, based on the type, the protein segment is projected to hold the most substantial share in the market. Based on the source, the molasses segment is projected to hold the most substantial share in the market. Based on the animal type, the ruminant segment is projected to hold the most substantial share in the market. Based on the region, the North America segment is projected to hold the most substantial share in the liquid feed supplements market.
|Market size value in 2021||USD 5.61 billion|
|Market size value in 2030||USD 5.91 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Liquid Feed Supplements Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Liquid Feed Supplements Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Liquid Feed Supplements Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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