Starter Feed Market Competitive Landscape Comprises Share Of Key Players, New Developments And Strategies

Precision Business Insights published a research report on “Global Starter Feed Market by Feed (Medicated, Non Medicated), By Ingredients (Wheat, Corn, Soybean, Oats, Barley), By Livestock (Swine, Poultry, Ruminants, Equine), and Geography - Global/Region/Country Forecast to 2027”.

The global starter feed market was valued USD 25.2 billion in the year 2020 and anticipated to value at USD 34.06 billion till 2027 witnessing a CAGR rate of 4.4% during the forecast period 2021-2027.

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Increase in Health Related Concerns Regarding Animals are Fuelling the Global Starter Feed Market
Starter feed is a combination of dairy and digestive Probiotics, pacifiers, sweeteners, enzymes, protein products and flavors to get best performing starter and pre-starter diets. The animal develops its enzymatic as well as digestive system during the initial ages for the optimal growth as well as function. Use of the quality starter feeds at an initial age of animals provides high outputs in terms of sanitary, growth and nutritional and overall animal performance.

Global starter feed market is experiencing considerable growth rate due to the increasing health related issues about animals across the globe. Furthermore, huge adaptation of precision nutrition methods for boosting the animals productivity, increasing adaptation of animals and increasing livestock production to fulfill the growing meat consumption needs are the factors bolstering the global starter feed market growth. On the other hand, strict regulatory policies for approval and dearth of consciousness regarding starter feed products are projected to hinder the feed market growth during the forecast years. Poultry sub-sector in livestock sector anticipated to record larger share n global starter feed market. There are several companies making collaboration for the development of novel starter feeds. For example, Nukamel made collaboration in January with Alternative Swine Nutrition to develop and sell dairy ingredient based feed products in Spain for piglets.

Starter Feed Market - Regional Analysis
Starter feed market is categorized into major regions based on regional analysis such as Asia Pacific, North America, Europe, Latin America, Middle East and Africa. North America market anticipated to record considerable growth rate due to the increasing consciousness about the animal health in the region. Furthermore, development of livestock industry in this region projected to impel the market growth. Asia Pacific starter feed market is anticipating the profitable growth opportunity for the new key players of the market due to the growing demand for meat in this region. Launch and development of novel products by the local as well as international players in India are fuelling the growth of the market. For example, Markfed introduced calf starter feed in September 2017 in consultation with GADVASU.

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Competitive Analysis - Starter Feed Market
There are some major players operating in global starter feed market, which are BASF SE (Germany), Cargill, Incorporated (U.S.), Nukamel B.V. (Netherlands), Archer Daniels Midland Company (U.S.), ForFarmers(Netherlands), Koninklijke DSM NV (Netherlands).

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