Liquid Feed Market Growth Analysis 2022-28
The global liquid feed market size was valued at USD 8.24 billion in 2021 and is poised to grow at a significant CAGR of 5.30% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on " Liquid Feed Market: By ingredients (Corn Steep Water Molasses, Whey, Supplements, Others), by livestock (Ruminant, Aquaculture, Poultry, Swine, Others), and Geography- Global/Region/Country Forecast to 2028",
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Growing Demand for Best Quality Meat Products Fuelling the Liquid Feed Market
A combination of numerous nutrients, raw materials and nutrients, which are used to feed the livestock, is called as a liquid feed. Liquid feed is a complete diet consists of nutritious elements. It contains high values of nutrients like vitamins, minerals and proteins, which are necessary for the wellness and healthy growth of animals. Liquid feed has the potent to augment metabolism of livestock and enhance palatability of the feed. The liquid feed can be attained from industry by products and plants.
Liquid feed market anticipated to bring several growth opportunities due to the growth strategies implemented by industry players. There are several factors, which are anticipated to drive the liquid feed market such as increasing concern about animal diseases and growing preference towards eating meat, poultry and dairy products. In addition, increasing hunger for diets full of high protein is influencing the liquid feed market growth. Moreover, growing demand for best quality meat products from customers and increasing number of domestic as well as international quick-service restaurants in developing countries are some crucial factors boosting the liquid feed market growth. Liquid feed market is projected to experience fast growth rate because of the growing demand for external nutrients essential for the growth of animal. A number of government and non-government organizations are supporting this industry hugely. But, the growing concerns regarding product viability and increasing price of raw materials can hinder the liquid feed market growth.
On the basis of regional analysis, the global liquid feed market is categorized into leading regions such as North America, Middle East, Asia pacific Africa, and Latin America. Europe is the biggest market in liquid feed market due to the huge preference towards eating beef and pork and growing implementation of intensive agriculture systems. North America liquid feed market is one of the biggest markets for the liquid feed market since the U.S is the huge producer of liquid feed worldwide. Asia Pacific liquid feed market is expected to record considerable growth rate because of the growing demand for meat and meat products, growing population of livestock and growing economic development.
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A few major players working in the global market include Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Land O’Lakes Inc. (U.S.), GrainCorp Ltd. (Australia). BASF SE (Germany), Evonik Industries AG, Novozymes (DENMARK), DSM (NETHERLANDS), Dupont (U.S), Nutreco (Netherlands).
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