Liquid Feed Market may reach USD 90 billion by 2024
Rapid globalization along with shift in consumer preference towards processed meat & products consumption due to hectic lifestyle should drive liquid feed market size. Shift in trend towards expansion of landless meat production services in the U.S. has led to rise in meat production, thereby stimulating industry growth. Liquid Feed Market size may surpass USD 90 billion by 2024; according to a new research report by Global Market Insights, Inc.
These supplements are molasses based products which are designed mainly to grass fed cattle and feedlot using various formulations. It is extremely efficient and effective in sustaining and promoting animal’s health which are anti allergic, non-toxic, easily digestible, and longer shelf life.
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Liquid feed market from poultry applications should witness steady gains & surpass 30 million tons by 2024.They provide an excellent source of fatty acids which improves livability and hatchability in poultry livestock. Rise in per-capita disposable income in China, India, and Brazil along with government spending in intensive poultry farming may favor product demand.
Maize, corn, soybean, fish oil and fish meal are raw materials used for its production process. Availability of raw materials and costs are the major factors challenging industry profitability which may impact liquid feed market price trend.
U.S. molasses based liquid feed market size should exceed USD 5.9 billion by 2024. It is an economical supplement source for animal and dairy diets which may drive industry growth. Favorable government norms by EPA towards industrial livestock production should favor regional growth.
China liquid feed market from swine applications may foresee growth at above 4.5%. Controlled fermentation can exclude undesirable bacteria which may affect pig’s health and provide pig meat safety for human consumptions. Increasing awareness regarding animal health along with Chinese government’s environmental limitations may be a major contributing factor in promoting product demand in this lucrative region.
Whey ingredient based liquid feed market may witness significant gains as it is good source of calcium, phosphorus, and other minerals. Condensed whey is ideally used in supplements for dairy, cattle, and beef. It is fed to animals mainly ruminants as an energy supplements, thereby boosting overall growth performance.
India liquid feed market size with respect to poultry applications may register gains over 5%. Rise in livestock and poultry business owing to various government schemes and subsidies along with private sector investments may drive regional growth. Growing meat & meat products consumption owing to decreasing religion and cultural barriers may stimulate product demand in this region.
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Germany corn steepwater based liquid feed market size may witness above average gains over the forecast timeframe. Supporting regulations regarding antibiotics ban along with various incidence showing harmful effects of antibiotics residual accumulation in meat products is likely to drive regional growth.
Global liquid feed market share is fragmented. Some of industrial participants operating in the business includes Cargill, ADM, Dallas Keith and Grain Corp. The industry may consolidate with respect to mergers & acquisitions taking place to strengthen product portfolio and increase regional presence.
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