Industry Background:
The growing demand for high-grade meat and meat products from health-conscious consumers has spurred the production of meat, hence boosting the liquid feed supplement market, globally. A mounting number of consumers across the world are turning vegan over heightening concerns about their health and wellness. Also, consumer awareness about the negative impacts of the meat industry is encouraging them to spurn animal-based products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Archer Daniels Midland Company (United States), Cargill, Incorporated (United States), GrainCorp Ltd. (Austria), Land O’ Lakes (United States), BASF SE (Germany), Ridley (Belgium), Quality Liquid Feeds (United States), Performance Feeds (Australia), Westway Feed Products (United States) and Dallas Keith (United Kingdom) |
According to AMA, the market for Liquid Feed Supplements is expected to register a CAGR of 5.6% during the forecast period to 2030. This growth is primarily driven by High Adoption of Products Derived From Animals, The Rising Consumption Rate of Meat across the World and The High Growth in the Dairy Industry across the World.
Globally, a noticeable market trend is evident Raising Awareness about Animal Health and Quality
The Consumer Goods sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Archer Daniels Midland Company (United States), Cargill, Incorporated (United States), GrainCorp Ltd. (Austria), Land O’ Lakes (United States), BASF SE (Germany), Ridley (Belgium), Quality Liquid Feeds (United States), Performance Feeds (Australia), Westway Feed Products (United States) and Dallas Keith (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global liquid feed market is highly fragmented with the presence of many international players and several small players competing with the global giants.
Key Developments in the Market:
In September 2019, DuPont Animal Nutrition – a business unit of DuPont Nutrition & Biosciences (DuPont) and leading provider of the innovative enzyme, natural betaine, and probiotic feed technologies for the livestock industry announced the launch of Axtra® PHY in Japan. Its new product DuPont™ Axtra® PHY is a phytase enzyme designed to enhance animal health and performance in poultry and swine. and In April 2019, Archer Daniels Midland Company – the world’s leading agricultural processors and food ingredient providers – announced the opening of its new livestock feed facility in Illinois, which is its fourth animal nutrition manufacturing facility in North America.
In June 2019, Land O’lakes, Inc. a U.S.-based member-owned agricultural cooperative announced that it has partnered with Royal Agrifirm Group (Agrifirm) a Netherlands-based cooperative enterprise to form a dairy animal feed joint venture Agrilakes in China. and In February 2019, Cargill Incorporated one of the global leaders in the animal feed industry announced that it has planned to invest approximately USD 20 million to manufacture its new greenfield premix plant in Rajasthan, India.
Influencing Trend:
Raising Awareness about Animal Health and Quality and Increased Availability of Liquid By-Products From Several Industries
Market Growth Drivers:
High Adoption of Products Derived From Animals, The Rising Consumption Rate of Meat across the World and The High Growth in the Dairy Industry across the World
Challenges:
The Issues Related to the Varying Consumers’ Requirement
Restraints:
The Concern Related to the Regulatory Structure & Interventions
Opportunities:
High Adoption due to Increasing Research & Technological Advancements in the Feed Industry and Growing Demand from Asia-Pacific & Latin America
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Liquid Feed Supplements Market
- Analysis about New Entrants in Liquid Feed Supplements Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Liquid Feed Supplements Study Sheds Light on
The Liquid Feed Supplements Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Liquid Feed Supplements industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Liquid Feed Supplements industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.