PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1209881
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1209881
According to Stratistics MRC, the Global Liquid Feed Supplements Market is accounted for $5,918.2 million in 2022 and is expected to reach $8,931.5 million by 2028 growing at a CAGR of 7.1% during the forecast period. Liquid feed supplements are described as those that essentially give vital nutrients, including vitamins, proteins, and minerals, in the form of fluids. They are frequently included in the regular diets of various animal species, such as poultry, pigs, cattle, and seafood.
According to the OECD-FAO, agricultural total production of meat reached 330.5 million metric tons in 2018. Furthermore, meat production would reach 373 million metric tons by 2030 on the basis of higher profitability, especially in the first years of the outlook period as meat prices rebound post-COVID-19.
Market Dynamics:
Driver:
Benefits offered by liquid feed to propel market demand
Because of the benefits of purposeful use of liquid feed supplements, the global market for liquid feed is expected to expand. An effective diet is one of the main techniques for raising healthy cattle that can eventually achieve the desired results, such as increased milk production. As liquid feed supplements are rapidly digested, cattle don't face any digestive problems. Furthermore, healthy ruminants make a significant contribution to agricultural processes and play a crucial role in preserving a sustainable agricultural cycle.
Restraint:
Season-related restriction to restraint market expansion
In some seasons, liquid feed supplements are most beneficial, while in others, their effectiveness may be diminished. For instance, during heat, the feed will provide well as long as intake is regular; but, if the food is left unused for an extended period of time, it may lose its nutritional content. The product tends to freeze in cold temperatures and needs particular treatment to preserve its original fluidity or consistency. As consumption declines, the cattle won't get enough nutrition, rendering the product worthless.
Opportunity:
Increase in the Production of Meat and Meat Products
Due to the growing demand from health-conscious consumers for premium meat and meat products, the global market for liquid feed supplements has benefited from the increased production of meat. Furthermore, the need for liquid feed supplements to assist with the production of high-quality meat is increasing quickly owing to the advantages, such as improved animal digestibility, flexibility in the addition of chemicals, and the potential for fermentation.
Threat:
Loss of amino acids to act as a major challenge
Owing to the loss of amino acids in liquid feed during storage, this is one of the primary concerns that the participants in the global liquid feed supplements market must manage. This can cause consumers to choose different alternatives, which would result in a loss of revenue. A major element of the overall nutritional content of liquid feed is the amino acid, and if it is handled or stored inappropriately, the product may be depleted of vital nutrients.
COVID-19 Impact:
Major ports and cities have been kept under lockdown due to COVID-19's global expansion. Additionally, it has led to the temporary shutdown of manufacturing facilities and business hubs. As a result, both the price of liquid feed and the raw materials required to make it rose. Liquid feed is one of the basic foods for animals' diets, hence demand for it remains stationary during the COVID-19 pandemic. The market supply of liquid feed should be supported by the easing of transportation and import/export restrictions on necessities. The demand for animal-based and meat-based products should rise as a result of growing consumer health concerns brought by an increase in COVID-19 instances.
The ruminants segment is expected to be the largest during the forecast period
Due to the improvement in digestion and the appropriate ingredients that can be added to products like cereal and maize feed for ruminants, the ruminant segment has dominated the market in 2019 and is anticipated to hold the largest share over the projected period. Liquid feed supplements are expected to boost the nutritional value of ruminants. Ruminants significantly contribute to sustainable agriculture. Furthermore, ruminants increase the productivity of unproductive land in the natural environment. As a result, farmers are more concerned with the nutrition of ruminants, where liquid feed supplements are provided to ruminants to improve their immunity, digestive health, and overall health.
The molasses segment is expected to have the highest CAGR during the forecast period
Because molasses have a high bioavailability and increase the palatability of feed when used in cattle feed, manufacturers prefer to add molasses to liquid feed to increase palatability. As a result, the molasses segment is anticipated to experience the highest CAGR throughout the projection period. When compared to other kinds of liquid feeds, liquid supplements produced from molasses can help reduce expenses.
Region with largest share:
As it develops and consumes the most compound feed, the Asia-Pacific region has a direct impact on the market for liquid feed supplements and is commanded to hold the largest share during the forecast period. The region's increased industrial livestock production on a large scale has significantly boosted the region's major economies' capacity to produce liquid feed. Because of changing consumption patterns toward more meat and other products with protein content, the nations in the region are leading the liquid feed supplements market.
Region with highest CAGR:
Due to the increasing meat consumption in the region, North America experienced the highest growth rate during the forecast period. Market expansion is anticipated to be fueled by rising demand for premium meat and meat products as a result of growing consumption of canned and frozen foods. Additionally, players in the market are also implementing a variety of tactics that are expected to assist the industry in the coming years.
Key players in the market
Some of the key players in Liquid Feed Supplements market include Graincorp Ltd, Archer Daniels Midland Company, Land O'lakes, Inc., Ridley Corporation Limited, Westway Feed Products LLC, Cargill Incorporated, Dallas Keith Ltd, BASF SE, Quality Liquid Feeds, Performance Feeds, Bundaberg Mollases, Cattle-Lac liquids Inc., Alliance Liquid Feeds Inc., Masterfeeds LP and Midwest Liquid Feeds LLC.
Key Developments:
In December 2021, BASF announced the launch of a new and ground-breaking feed enzyme called the Natupulse TS. The enzyme is rich in nutrients as it is expected to aid digestion thus improving the overall efficacy of the feed. With the new launch, the company has strengthened its foothold in the animal feed market.
In September 2019, DuPont Animal Nutrition announced the launch of Axtra® PHY in Japan, a phytase enzyme used to improve animal health and performance in poultry and swine.
In April 2019, Archer Daniels Midland Company announced its fourth animal nutrition-manufacturing unit in North America, which provides new livestock, feed facility in Illinois.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances