The global liquid feed market is predicated to be worth USD 8.268 billion in 2023 and reach a valuation of USD 11.064 billion by 2028, growing at a CAGR of 6% between 2023 to 2028.
The liquid feed is a mixture of raw materials that are extracted from either plants or animals or various sources and used as by-products and fed to the livestock. The liquid feed contains minerals, proteins, vitamins, and other nutritional elements, which increase the digestion and enhance the appetite of the livestock. Also, the liquid feed can help in the growth and development of the tissue in the livestock. Liquid feed is a flowing form of feed that is used as a supplement and mixed in the dry feed of animals, which provides essential nutrients and energy to livestock. The liquid feed is applicable for ruminants, swine, aqua animals, poultry and others. Moreover, liquid feed also enhances dairy and meat production, which makes profits for livestock farmers. The demand for liquid feed is increasing in order to meet the growing demand for protein-rich products.
The rising demand for products driven from livestock such as dairy, eggs and meat are primarily propelling the growth of the liquid feed market. The rising concern of the population towards the consumption of protein-rich food is driving the growth of the liquid feed market. Liquid feed helps increase digestion as well as productivity in animals. It helps in the growth and development of animal tissue; therefore, livestock farmers prefer liquid feed as a nutrient in animal feed and liquid feed is easily digestible. In addition, the demand for export-quality meat is increasing, further encouraging the livestock farmer to give liquid feed to the livestock to enhance the quality of the meat which is fuelling the growth of the liquid feed market. Also, the rising awareness among livestock farmers about the benefits of liquid feed is attributed to the growth of the market.
Moreover, the stringent regulation imposed by the governments of several nations to provide bio-based liquid feed, particularly in Europe is driving the growth of the liquid feed market in the forecast period. The global liquid feed market is highly fragmented with the presence of many international players and several small players resulting in intensified competition within the industry and leading to more R&D and innovation of more liquid feed solutions in the market which further will boost the growth of the liquid feed market in the coming years.
There are different regulatory structures and interventions in different countries worldwide associated with the usage of liquid feed supplements in ruminants and the loss of synthetic amino acids during the storage of liquid feed is restraining the growth of the liquid feed market.
Impact of COVID-19 on the global liquid feed market:
COVID-19 has adverse effects in almost every industry including the liquid feed industry. The global liquid feed market has been significantly impacted by the COVID-19 outbreak due to lockdown the production and supply chain has disrupted which in turn, affected the global trade of the liquid feed. The demand for meat was also at the peak time of the outbreak. But with the fading effects of COVID and the recovering economy, the demand for meat and dairy is increasing due to increasing awareness about the benefits of proteins, which is driving the growth of liquid feed in the projected period.
Market Size Available
2022 to 2028
2023 to 2028
By Type, Ingredients, Livestock, and Region
Various Analyses Covered
Global, Regional, and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Archer Daniels Midland Company (U.S.), Cargill Incorporated (U.S.), GrainCorp Ltd. (Austria), Land O’ Lakes (U.S.), BASF SE, BEC Feed Solutions (Australia), DLG Group (Denmark), Liquid Feeds International, Midwest Liquid Feeds, Cattle- Lac Liquid Feed.
This research report on the global liquid feed market is segmented and sub-segmented based on type, ingredients, livestock, and region.
Global Liquid Feed Market - By Type:
The protein segment is expected to dominate the market in the forecast period. Proteins are the essential nutrient required for the proper nutrition of all animals. Most animal tissues and organs require proteins and other elements as their building blocks. Therefore, the protein plays a vital role in animal nutrition for the growth and regeneration of the tissues. However, protein is the most expensive nutrient in the animal diet, and it cannot be replaced with any other nutrient or element.
Global Liquid Feed Market - By Ingredients:
The molasses segment is going to dominate the market during the forecast period as when molasses is added to animal feed it increases the palatability of the feed and has a high bioavailability. Therefore, the manufacturers prefer molasses to be included in the liquid feed to enhance the palatability as well the cost reduction. Additionally, molasses improves digestion of the pastures, helps in maintaining body condition and appetite and increases milk productivity. Owing to these factors, the molasses segment will drive the growth of the global liquid feed market in the coming years.
Global Liquid Feed Market - By Livestock:
The ruminant segment is estimated to dominate the market in the forecast period, followed by the poultry segment due to increasing demand for dairy as well as meat products. The increasing demand of export quality meat is also driving the demand for liquid feed in the ruminants and poultry segment which further propels the growth of the market soon.
The aquaculture segment will also witness steady growth in the projected period.
Global Liquid Feed Market – By Region:
North America holds the largest share of the global liquid feed market due to increased consumption of meat and meat products. In this region, the demand for liquid feed for ruminants is increasing, which is driving the market. Moreover, the easy availability of raw materials helps the manufacturer maintain a steady supply and increases the production capacity of liquid feed in the market. Owing to the above factors, the demand for liquid feed will continue to grow in this region during the forecast period.
Asia-Pacific is estimated to register a profitable CAGR of over 7% during the forecast period due to the growing aqua-feed market in India and China, along with strict government regulations for providing sustainability in fish production. Moreover, the increasing demand for protein rich products such as dairy and meat is driving the demand for liquid feed in the market in order to produce improved quality dairy and meat products.
Europe's liquid feed market is expected to grow with a 5.5% CAGR during the forecast period due to strict regulations towards the banning of synthetic ingredients as a promoter in animal feed that has surged the demand for natural feed additives for growth performance and feed efficiency. Additionally, the rising demand for poultry and swine in the European region is likely to accelerate the market growth of the market as poultry feed is the business of one-third of the European compound feed industry.
KEY MARKET PLAYERS:
Some of the leading companies operating in the global liquid feed market are Archer Daniels Midland Company (U.S.), Cargill Incorporated (U.S.), GrainCorp Ltd. (Austria), Land O’ Lakes (U.S.), BASF SE, BEC Feed Solutions (Australia), DLG Group (Denmark), Liquid Feeds International, Midwest Liquid Feeds, Cattle- Lac Liquid Feed.
RECENT HAPPENINGS IN THIS MARKET:
The global liquid feed market is worth at USD 8.268 billion in 2023.
North America, Europe, Latin America, Asia-Pacific, Middle East And Africa.
Asia-Pacific is estimated to register a profitable CAGR of over 7% during the forecast period.
Europe's liquid feed market is expected to grow with a 5.5% CAGR during the forecast period 2023 to 2028.
The global liquid feed market has been significantly impacted by the COVID-19 outbreak due to the lockdown the production and supply chain have been disrupted which, in turn, affected the global trade of liquid feed.
The driving force of the liquid feed market is the increasing demand for products driven from livestock such as dairy, eggs and meat.
Some of the leading companies operating in the global liquid feed market are Archer Daniels Midland Company (U.S.), Cargill Incorporated (U.S.), GrainCorp Ltd. (Austria), Land O’ Lakes (U.S.), BASF SE, etc...
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