Artificial Intelligence
Liquid Feed Supplements Market to Worth USD 8.55 Billion by 2030 | Skyquest Technology
Westford,USA, Aug. 01, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, the global liquid feed supplements market is experiencing significant growth due to health-conscious consumers’ increasing demand for high-quality meat and meat products. As more people prioritize their dietary choices, the need for meat produced with a focus on animal welfare and nutrition has surged.
Browse in-depth TOC on the “Liquid Feed Supplements Market”
- Pages -260
- Tables – 94
- Figures – 76
The liquid feed supplements market is experiencing robust growth, driven by various factors and segmented into poultry, ruminants, swine, aquaculture, and others. One key driver is the continuous influx of innovations in the industry, leading to the development of advanced and more efficient liquid feed supplements. These innovations have significantly improved the nutritional content of the supplements, enhancing their effectiveness in promoting animal health and growth.
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Report Scope & Segmentation:
| Attributes | Details |
| Market Size in 2022 | USD 5.91Billion |
| 2030 Value Projection | USD 8.55Billion |
| CAGR | 5.1% |
| Forecast Period | 2023-2030 |
| Segments Covered |
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| Regions Covered |
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Prominent Players in the Liquid Feed Supplements Market
- Cargill Inc.
- Archer Daniels Midland Company
- Land O’Lakes Inc.
- BASF SE
- Alltech Inc.
- Nutreco N.V.
- Quality Liquid Feeds Inc.
- Ridley Corporation Limited
- Westway Feed Products LLC
- Dallas Keith Ltd.
- Midwest Liquid Feeds Inc.
- Liquid Feeds International Ltd.
- Country Junction Feeds
- Agridyne LLC
- Nutri Feeds Pty. Ltd.
- Midwestern BioAg Inc.
- Balchem Corporation
- Wilbur-Ellis Company
- Barentz Animal Nutrition
- Nutra Blend LLC
Vitamins Segment is Expected to Grow in the Market Due to its Critical Role in Poultry Bird Feed
The vitamins segment has emerged as the leading revenue generator in the liquid feed supplements market, primarily owing to its critical role in poultry bird feed. Vitamins are vital in enhancing chicken eggs’ fertility, making them a crucial component of the feed used in poultry farming. Poultry birds, highly valued for their growth and productivity, have a significantly higher demand for feed vitamins.
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The markets in North America are poised to dominate the liquid feed supplements marketdue to several factors contributing to its growth. There is a growing trend of people becoming increasingly concerned about their health and dietary choices, leading to a higher demand for high-quality meat and meat products. This shift in consumer preferences drives the livestock industry to focus on producing healthier and more nutritious meat, creating a substantial market for feed supplements to enhance animal nutrition and well-being.
DrySegment is Expected to Dominate the Market Due toits Dominance
The dry category within the liquid feed supplements market is anticipated to experience substantial growth, registering a CAGR of 5.30%. This category is expected to command the largest market share due to its several key advantages. One of the primary factors contributing to its dominance is the ease with which dry supplements can be mixed with feed. The dry format ensures convenient integration with animal feed, simplifying the feeding process for livestock producers.
Regional markets in the Asia-Pacific have emerged as a dominant force in the liquid feed supplements market, primarily driven by the surging adoption of molasses and liquid feed practices for livestock. This growth is particularly pronounced in emerging countries within the region. Molasses, a valuable byproduct of the sugar industry, is increasingly utilized as a key ingredient in liquid feed formulations due to its high nutritional value and cost-effectiveness.
A comprehensive analysis of the major players in the liquid feed supplements market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.
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Key Developments in the Liquid Feed Supplements Market
- BASF recently made a significant impact on the market with the introduction of a cutting-edge feed enzyme known as Natupulse TS. This groundbreaking enzyme is enriched with essential nutrients to enhance digestion and improve the overall efficacy of animal feed. By providing this innovative solution, BASF has further strengthened its position in the industry, offering a product with great potential to improve animal health and productivity.
- Farmers Business Network (FBN) recently made a strategic move by entering the livestock market to meet animals’ food and nutrition requirements. This expansion was marked by the launch of two distinct offerings: FBM Feed and FBN Pharmacy. The FBM Feed segment encompasses a range of products, including liquid supplements, dry feed, and nutritional support, among other benefits.
Key Questions Answered in Liquid Feed Supplements Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market’s future growth?
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