Starter Feed Market Industry Analysis and Forecast 2018-2026 With Key Players Archer Daniels Midland Company, Cargill Incorporated, Evonik Industries AG, Associated British Foods Plc., Roquette Freres S.A., Nutreco N.V., Koninklijke DSM NV, BASF SE, and A

Starter feed is manufactured by mixing two or more nutritional ingredients such as oats, wheat, corn, soy, and others. The feed, which is enriched with essential proteins, amino acids, vitamins, and minerals is used to enhance immunity systems and digestion in livestock animals such as chickens, ruminants, pigs, and aquatic animals. Starter feed is manufactured and marketed in the form of mash, pellets, crumbles and various others. Extensive research and development have highlighted the benefits of starter feed over conventional feed in the overall growth of animals. Therefore, animal breeders are rapidly adopting starter feed products in order to increase production of livestock.

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Market Dynamics

Key factors such as increasing awareness about health of livestock, increasing demand for organic and healthier feed products, and rapid acceptance of starter feed, as an effective alternative to conventional feed across the globe are projected to fuel growth of global starter feed market over the forecast period. Furthermore, increasing demand for livestock globally is boosting demand for variety of starter feed products. According to the United States Department of Agriculture, global export of beef, broiler meat, and pork is projected to increase by 5%, 2%, and 1% respectively in 2018. The global production of beef, veal, pork, and broiler meat is projected to reach 63 million tons, 113.5 million tons, and 92.5 million tons respectively in 2018.

The availability of alternatives such as conventional feed and high manufacturing costs are factors that restrain growth of the global starter feed market. Moreover, strict government regulations imposed on use of feed ingredients in the manufacturing of starter feed is a key challenge for manufacturers. For instance, regulation (EC) No 1829/2003 of the European Parliament on genetically modified feed provides an authorization procedure for placing genetically modified feed into market, which also includes feed additives produced from genetically modified organisms. Such regulations forces manufacturers to maintain their product quality.

Key players operating in the market include

Archer Daniels Midland Company, Cargill Incorporated, Evonik Industries AG, Associated British Foods Plc., Roquette Freres S.A., Nutreco N.V., Koninklijke DSM NV, BASF SE, and Alltech Inc. among others

Market Outlook

On the basis of form, pellets segment accounted for major market share in global starter feed market in 2016. Multiple advantages of pellets over other product forms such as ease of handling and storage, and long lasting shelf life are major factors that drive growth of this segment.

On the basis of livestock, poultry segment dominated the market in 2016. Favorable growth of poultry industry along with increasing demand for eggs across the world is expected to create potential opportunity for growth of this segment over the forecast period. According to the United States Department of Agriculture Report, the total eggs production in the U.S. was valued at 97 billion eggs in 2015 and rose to 102 billion eggs in 2016.

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Market Taxonomy

On the basis of product type, global starter feed market is segmented into:

Medicated
Non-Medicated
On the basis of form, global starter feed market is segmented into:

Mash
Crumbles
Pellets
Others

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This release was published on openPR.