North America Liquid Feed Supplements Market was valued at USD 1.32 billion in 2021 and is estimated to be growing at a CAGR of 5.7%, to reach USD 1.72 billion by 2026. 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 the synthetic food additives which contain protein, minerals and other nutrition required by animals. Liquid feed supplements are added in the daily diets of pigs, cows, bulls, chickens and aquatic animals. They are mostly carried by the molasses which serve as transporting medium for giving energy to the livestock and also increase food palatability.
North America Liquid Feed Supplements Market Drivers:
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.
North America Liquid Feed Supplements Market – By Type:
North America Liquid Feed Supplements Market – By Source:
North America Liquid Feed Supplements Market – By Livestock:
The ruminants segment holds the highest share for liquid feed additives owing to rising meat consumption lately.
On the basis of geography, the market is analysed under the regions
These countries are undergoing huge development in the animal healthcare sector and the market is expected to yield large amounts of revenue in the future 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.
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