Liquid Feed Supplements - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Liquid Feed Supplements market is accounted for $5.25 billion in 2018 and is expected to reach $10.07 billion by 2027 growing at a CAGR of 7.5% during the forecast period. Some of the key factors propelling the market growth are growing awareness regarding the animal feed quality and health, and increasing R&D activities across animal feed husbandry. However high costs related to ownership is the restraining factor for the growth of the market.
Liquid feed supplements are molasses-based products envisioned to be nurtured to both feedlot and grass-fed cattle, using different preparations based on diet requirement of the animals. They are mainly available in blended liquid supplements and suspension liquid supplements. The dry matter of these supplements is less than molasses and the increased moisture content allows them to be pumped more easily. Liquid feed supplements were developed originally for use in feedlots, and are now available for pasture-fed cattle as both blended and suspension liquid supplements.
By source, the molasses segment is expected to grow at a significant market share during the forecast period due to the factors such as improving food palatability and the carrier medium which provide energy to the livestock.
On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the investments from several multinational manufacturers and growing awareness regarding uses of liquid feed supplements, especially in countries such as China and India.
Some of the key players in Liquid Feed Supplements Market include Archer Daniels Midland Company, BASF SE, Cargill, Cattle-Lac Liquids Inc, Dallas Keith Ltd, GrainCorp Ltd, Land O’Lakes Inc, Performance Feeds, Quality Liquid Feeds, Quality Liquid Feeds, Inc, Ridley Corporation Limited, and Westway Feed Products LLC.
• Wheat Bran
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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