Press release
Starter Feed Market is touching new levels – Rising Demand, Trends and Innovations | Key Factors are Nutreco N.V., Koninklijke DSM NV, BASF SE, and Alltech Inc. among others
Starter Feed
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Key players in Global Starter Feed Market
• 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 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.
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
On the basis of livestock, global starter feed market is segmented into:
• Poultry
• Ruminants
• Aquaculture
• Pigs
• Others
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