The North America liquid feed supplements market was valued at USD 1.47 billion in 2023 and is anticipated to reach USD 1.55 billion in 2024 from USD 2.42 billion by 2032, growing at a CAGR of 5.7% from 2024 to 2032. The market is predicted to show significant growth during the mentioned forecasting period. It continues to grow with the development and rising awareness in the animal healthcare sector.
Liquid feed supplements are synthetic food additives that contain protein, minerals, and other nutrients required by animals. Liquid feed supplements are added to the daily diets of pigs, cows, bulls, chickens, and aquatic animals. They are mostly carried by molasses, which serves as a transporting medium for giving energy to the livestock and also increases food palatability.
The major factors which drive the growth of North America liquid feed supplements market are the rising meat consumption, growing awareness regarding meat quality and increasing usage of animal products like leather, milk and several others. The constraints for this market majorly include regulations imposed by governments as well as insufficient awareness among people of certain regions.
The ruminants segment holds the highest share for liquid feed additives owing to rising meat consumption lately.
These countries are undergoing huge development in the animal healthcare sector, and the market is expected to yield large amounts of revenue in the years to come.
Some of the major companies dominating the market, by their products and services are Cargill Inc., Wesway Products, Cattle-Lac Liquid feed and Midwest liquid feeds.
Frequently Asked Questions
As per market data forecast report analysis, the North America liquid feed supplements market size is expected to reach USD 1.55 billion in 2024 and reach USD 2.05 billion by 2029.
The ruminants segment holds the highest share for liquid feed additives owing to rising meat consumption lately.
Cargill Inc., Westway Products, Cattle-Lac Liquid feed, and Midwest liquid feeds. These are market players that dominate the North American liquid feed supplements market.
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