The Liquid Feed Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Liquid Feed Market is estimated to be USD 5.21 billion and predicted to rise to USD 6.74 billion with a CAGR of 5.3%. The market is segmented by type of ingredient (Urea, Phosphoric Acid, Vitamins, Trace Minerals, Fats, Others ingredients), and type of livestock (Ruminant, Swine, Poultry, Aquaculture and other animals). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa.
Due to the urbanization and change in lifestyle that has been witnessed in the recent times in most of the countries across the globe, there has been a great increase in per-capita meat consumption due to which animal farming is gaining a great prominence. Also, with technological advancements and increasing R & D works in the field of agriculture and animal farming, with increasing awareness amongst the farmers about the importance of good quality feed, there has been a great increase in the demand for liquid feed products for the nourishment of animals. Thus, the market is said to progress towards the success path, with more and more companies investing in the emerging and untapped markets.
Global market for Liquid feed is segmented into ingredient type, animal type and geography. Each of these are further sub-segmented as follows: Ingredient type- Urea, Phosphoric Acid, Vitamins, Trace Minerals, Fats, Others and Animal type- Ruminant, Swine, Poultry, Aquaculture, Others. Ruminant is the major consumer segment of liquid feed followed by poultry feed. The most widely used ingredient is Urea in liquid feed market.
Geographically global market for Liquid feed is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. North America is the largest producer and consumer of liquid feed followed by Europe. On the other hand, Asia-Pacific market is showing the fastest CAGR. Growth is high in the emerging countries such as China, India, and Brazil due to increasing income levels and rising per capita meat consumption.
Major companies in the market include Cargill Inc., Westway Feed Products, Graincro, Liquid Feeds international, Midwest Liquid Feeds, Cattle-Lac Liquid Feed, Agridyne LLC, Ridley Corporation Ltd, Master feeds and Revering (Australia) Pty Ltd.
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