Asia Pacific Liquid Feed Supplements Market was worth USD 2.31 billion in 2021 and is predicted to be growing at a CAGR of 5.8%, to reach USD 4.12 billion by 2026. The market is estimated to grow significantly in the forecasting period. It continues to expand owing to the increase in concern for animal health and development in the sector.
Liquid feed supplements are the food additives which provide added nutrients to animals. They contain protein, minerals and other nutritional elements which are required in the food of livestock. Liquid feed supplements are mostly added in the daily food of animals such as swine, cows, bulls, chickens, and aquatic animals. They are usually attached to molasses which act as the carrier medium for providing energy to the livestock and also improve food palatability.
Asia Pacific Liquid Feed Supplements Market Drivers:
The major driving factors for the market of Asia-Pacific Liquid Feed Supplements are the booming economy of the region and ever increasing demand for meat. The continuous increase in livestock population in the past few years is one of the major causes for rising demand of liquid feed supplements sources, which will continue in future as well. The only constraints for the growth of this market are the lack of awareness in some regions of the continent.
Asia Pacific Liquid Feed Supplements Market – By Type:
Asia Pacific Liquid Feed Supplements Market – By Source:
wherein the Molasses segment holds the highest share among all others.
Asia Pacific Liquid Feed Supplements Market – By Livestock:
The ruminants segment has the highest demand for liquid feed additives due to increase in meat consumption lately.
On the basis of geography, the market is analysed under various regions namely China, Japan, India and South-Korea. China has the highest demand for liquid feed supplements in the Asia-Pacific Market. Developing countries like China and India are experiencing advancements in technology, growing awareness and improving incomes of farmers. These changes are driving the market for liquid feed supplements in these countries.
Some of the major companies dominating the market, by their products and services are GrainCorp Ltd., Biosmart Liquid, VetBio, Vet – Emulsi and Biolax. All these companies are competing each other to avail the untapped growth potential in Liquid Feed Additives market.
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