Press release
Starter Feed Market Size, Share, Top Major Players, Business Strategies, Opportunities And Forecast To 2032
Starter Feed Market Analysis
The Business Research Company's Starter Feed Global Market Report 2023 identifies growth of the aquaculture industry as the major driver for the starter feed market's growth in the forecast period. The aquaculture industry refers to the practice of breeding, raising, and harvesting fish, shellfish, and aquatic plants in controlled aquatic environments for commercial purposes. Starter feed is an important component of aquaculture. It is used to support the growth and development of fish and other aquatic animals. it increases fish's levels of protein, vitamins, minerals, carbs, and amino acids. So these factors boost the starter feed market.
The global starter feed market size is expected to grow from $20.36 billion in 2022 to $32.83 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. 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 global starter feed market size is expected to reach $43.01 billion in 2027 at a CAGR of 6.9%.
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Major competitors in the starter feed market are Cargill Incorporated, BASF SE, Evonik Industries AG, Archer Daniels Midland Company, Purina Mills LLC., Charoen Pokphand Foods, Roquette Freres.
A key trend in the starter feed market includes product innovation. Major companies operating in the starter feed market are focused on developing innovative products to strengthen their position in the market. For instance, in September 2022, Cargill Corporation, a US-based food corporation launched an innovative pelletised chick starter feed, Neochicc, to promote chick start in the first 120 hours of a bird's life. It encourages optimal nutritional digestion and uses exact proportions of protein, carbohydrate, fat, and additives in highly digestible components. Additionally, it contains organic acids and essential oils, which enhance intestinal health and nutrient absorption. This new beginning diet is made to help young chickens reach their genetic potential while consuming feed more effectively.
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The starter feed market is segmented -
1) By Type: Medicated, Non-Medicated
2) By Form: Pellets, Crumbles, Other Forms
3) By Ingredient: Wheat, Corn, Soybean, Oats, Barley
4) By Nature: Organic, Conventional
5) By Application: Poultry, Ruminants, Swine, Aquatic, Equine, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the starter feed market.
The Business Research Company's "Global Starter 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 Starter Feed Market Include:
1. Executive Summary
2. Starter Feed Market Characteristics
3. Starter Feed Market Trends And Strategies
4. Starter Feed Market - Macro Economic Scenario
5. Starter Feed Market Size And Growth
…..
26. Africa Starter Feed Market
27. Starter Feed Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Starter Feed Market
29. Starter Feed Market Future Outlook and Potential Analysis
30. Appendix
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