Starter Feed - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Starter Feed Market is accounted for $24.47 billion in 2018 and is expected to reach $43.50 billion by 2027 growing at a CAGR of 6.6% during the forecast period. Some of the key factors propelling the market growth are increasing acceptance of precision nutrition technique and growing demand for animal-based products. However, decrease in livestock production in developed nations is the restraining factor for the growth of the market.
Starter feed is a mixture of two or more ingredients which are commercially prepared for livestock animals. It contains essential proteins and amino acids which helps to improve the immune system, feed intake and digestion of the animals. The starter feed is also enriched with additional nutrients like vitamins and minerals, which helps the overall growth of the animals.
By ingredient, the oats segment is expected to grow at a significant market share during the forecast period as it is easier to feed to animals when compared to any other cereals. They are widely used in poultry feed. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period because of the high demand for high quality feed in this region. South Korea and Malaysia are mature and stable markets and use modern techniques for production.
Some of the key players in Starter Feed Market include Archer Daniels Midland, Cargill, Associated British Foods, Nutreco, Alltech, Purina Mills, ACI Godrej Agrovet Private, Roquette Freres, Evonik, and Charoen Pokphand Foods.
• Other Ingredients
• Companion Animals
• 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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