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Liquid Feed Market Competitive Landscape, Key Drivers, Major Players, Outlook And Forecast To 2032
Liquid Feed Market Analysis
The Business Research Company's Liquid Feed Global Market Report 2023 identifies rise in the demand for meat and meat products as the major driver for the liquid feed market's growth in the forecast period. Meat is the flesh of animals such as chickens, sheep, pigs, and cattle, and is eaten together with other food. Liquid feed is used to enhance the quality of meat. For instance, according to the Food and Agriculture Organization, an Italy-based specialized agency, global meat consumption is expected to reach 45.3 kg per capita by 2030. Therefore, the growing demand for meat and meat products will drive the growth of the liquid feed market.
The global liquid feed market size grew from $3.73 billion in 2022 to $3.97 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global liquid feed is expected to grow to $4.74 billion in 2027 at a CAGR of 4.5%.
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Major competitors in the liquid feed market are Agridyne LLC, Archer Daniels Midland Company, Bundaberg Molasses, Cargill Inc., Cattle-Lac Liquids Inc., Dallas Keith Ltd., Graincorp Limited.
A key trend in the liquid feed market includes product innovations. Major companies operating in the liquid feed sector are focused on developing innovative products to strengthen their position. For instance, in December 2021, BASF, a Germany-based chemicals company, launched Natupulse TS, an innovative feed enzyme for animal feed that is available in powder and liquid form. This product includes ß-mannanase, which ensures sustainable production by increasing the digestibility of the feed and is cost-effective. This product has shown a positive effect in feed trials, ensuring nutrient digestibility.
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The liquid feed market is segmented -
1) By Product: Protein, Minerals, Vitamins, Enzymes, Other Products
2) By Source: Prills, Granules, Corn, Urea, Wheat Barn, Other Sources
3) By Livestock: Ruminants, Poultry, Swine, Aquaculture, Other Livestocks
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the liquid feed market.
The Business Research Company's "Global Liquid Feed Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Liquid Feed Market Include:
1. Executive Summary
2. Liquid Feed Market Characteristics
3. Liquid Feed Market Trends And Strategies
4. Liquid Feed - Macro Economic Scenario
5. Liquid Feed Market Size And Growth
……..
26. Africa Liquid Feed Market
27. Liquid Feed Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Liquid Feed Market
29. Liquid Feed Market Future Outlook and Potential Analysis
30. Appendix
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