The Starter Feed Market Growth Is Driven By Demand For Increasing Meat Consumption
The Global starter feed market is estimated to be valued at US$ 46.55 Bn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024 to 2031.
The demand for starter feed is expected to grow substantially over the forecast period driven by increasing meat consumption globally. Developing regions with large livestock and poultry industries like Asia Pacific and Latin America will be key demand generators.
Rising animal husbandry activities coupled with expansion of organized commercial poultry and livestock farming is contributing to the growth of starter feed market globally. Leading manufacturers are penetrating newer markets through partnerships with distributors and contract manufacturers.
One of the key drivers for the growth of Starter Feed Market Demand is the strong demand for animal protein globally particularly meat. Meat consumption has been rising sharply across the world led by population and income growth. Chicken and pork are the most widely consumed meat varieties globally. Ensuring healthy growth and development of young livestocks and poultry through high-quality starter feeds directly impacts the overall meat production volumes over the next 1-2 years. This is driving feed manufacturers and commercial animal farmers to focus on starter feed quality and formulations.
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