Starter Feed Global Market Report 2024

Description

“Starter Feed Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on starter feed market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for starter feed? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The starter feed market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Medicated; Non-Medicated
2) By Form: Pellets; Crumbles; Other Forms
3) By Ingredient: Wheat; Corn; Soybean; Oats; Barley
4) By Nature: Organic; Conventional
5) By Application: Poultry; Ruminants; Swine; Aquatic; Equine; Other Applications
Companies Mentioned: Cargill Incorporated; BASF SE; Evonik Industries AG; Archer Daniels Midland Company; Purina Mills LLC.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Starter feed is a nutrient-dense feed designed to help young animals acclimate to solid food, promoting their growth and reducing mortality rates in the early stages.

Starter feed comes in two main types medicated and non-medicated. Medicated starter feed is formulated to meet the nutritional requirements of young animals and contains medications such as amprolium. It is available in various forms, including pellets and crumbles, and is composed of organic and conventional ingredients such as wheat, corn, soybeans, oats, and barley. This type of feed finds applications across different sectors, including poultry, ruminants, swine, aquatics, equine, and others.

The starter feed market research report is one of a series of new reports from The Business Research Company that provides starter feed market statistics, including starter feed industry global market size, regional shares, competitors with a starter feed market share, detailed starter feed market segments, market trends and opportunities, and any further data you may need to thrive in the starter feed industry. This starter feed market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The starter feed market size has grown strongly in recent years. It will grow from $32.83 billion in 2023 to $35.4 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The expansion in the historical period can be attributed to an increasing emphasis on animal health and welfare, the growth of commercial poultry farming, the globalization of livestock farming, advancements in feed manufacturing, a focus on disease prevention, and consumer demand for high-quality animal products.

The starter feed market size is expected to see strong growth in the next few years. It will grow to $46.21 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The anticipated growth in the forecast period can be attributed to the integration of sustainable practices, the expanding market for specialty livestock, the growth of the aquaculture industry, a focus on antibiotic-free animal farming, and the increasing demand for plant-based proteins. Major trends expected in the forecast period include collaboration in animal nutrition research, advancements in feed efficiency technologies, early nutrition programming, innovations in pelletization and crumbling technologies, and customization for different species.

The expansion of the aquaculture industry is anticipated to fuel the growth of the starter feed market. Aquaculture involves the breeding, raising, and harvesting of fish, shellfish, and aquatic plants in controlled aquatic environments for commercial purposes. Starter feed holds significant importance in aquaculture, serving to support the growth and development of fish and other aquatic animals by enhancing their levels of protein, vitamins, minerals, carbohydrates, and amino acids. For example, in June 2022, Reliefweb reported that global aquaculture production reached a record 122.6 million metric tons, valued at USD 281.5 billion in 2020. Additionally, according to The International Trade Administration, the global aquaculture market was valued at $204 billion in 2020, with an expected increase to $262 billion by 2026. Hence, the anticipated growth of the aquaculture industry is set to drive the expansion of the starter feed market.

The increasing demand for animal-sourced products is projected to stimulate the growth of the starter feed market in the future. Animal-sourced products encompass materials derived from non-human animal bodies, including meat, fat, blood, milk, eggs, and other lesser-known goods. Starter feed plays a crucial role in the production of various animal-sourced products, providing essential nutrients during the critical growth period of young animals. As of 2023, the Food and Agriculture Organization reported a 1% increase in global meat production, reaching 347 million tons cwe in 2022. Furthermore, projections indicate a 15% increase in global poultry consumption, 11% in pig meat, 10% in beef, and 15% in sheep meat consumption by 2032. Consequently, the growing demand for animal-sourced products is a key driver behind the growth of the starter feed market.

Product innovation stands out as a prominent trend gaining traction in the starter feed market. Major players in the starter feed industry are actively engaged in developing novel products to fortify their market standing. For example, in September 2022, Cargill Corporation, a US-based food corporation, introduced Neochicc, an innovative pelletized chick starter feed designed to support chick development in the initial 120 hours of a bird's life. Neochicc promotes optimal nutritional digestion, incorporating precise proportions of protein, carbohydrate, fat, and additives in highly digestible components. Enriched with organic acids and essential oils, it contributes to intestinal health and nutrient absorption, facilitating efficient feed consumption for young chickens to reach their genetic potential.

Prominent companies in the starter feed market are channeling their efforts into crafting innovative feed solutions, such as high-performance starter feed, to secure a competitive advantage. High-performance starter feeds are meticulously formulated to deliver essential nutrients, fostering rapid growth and unlocking the full potential of young animals. A case in point is Skretting, a Norway-based provider of nutritional solutions and services, launching Nutra Sprint in December 2021. This advanced starter feed is tailored specifically for trout fry, addressing the critical first-feeding stage and establishing the groundwork for accelerated growth and long-term health in the fish. Nutra Sprint exhibits a reduced feed conversion ratio (FCR) by up to 8%, indicating enhanced feed efficiency and supporting the development of a resilient immune system.

In March 2021, De Heus Beheer B.V., a Myanmar-based manufacturer and supplier of nutritional feed products, successfully acquired Golpasz SA. for an undisclosed amount. Through this strategic acquisition, De Heus Beheer B.V. aims to enhance its position in Poland and offer clients tailored solutions by leveraging the combined expertise of both companies. Golpasz SA., based in Poland, specializes in manufacturing starter feed products for poultry, cattle, and sheep.

Major companies operating in the starter feed market report are Cargill Incorporated, BASF SE, Evonik Industries AG, Archer Daniels Midland Company, Purina Mills LLC., Charoen Pokphand Group Co. Ltd., Roquette Freres SA, Alltech Inc., ACI Godrej Agrovet Private Limited, Associated British Foods plc, Nutreco N.V, Koninklijke DSM N.V., Devenish Nutrition Ltd., Janaki Group Of Companies, lYork Ag, De Heus Animal Nutrition BV, ForFarmers NV, Land O'Lakes Inc., Hi-Pro Feeds LP, Kent Nutrition Group Inc., Ridley Corporation Limited, Japfa Comfeed Indonesia Tbk PT, Guangdong Haid Group Co. Ltd., Wen's Food Group Co. Ltd., Twins Group Inc., New Hope Liuhe Co. Ltd., East Hope Group Company Limited, Tyson Foods Inc., The Scoular Company, Nutriad International NV

North America was the largest region in the starter feed market in 2023. The regions covered in the starter feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the starter feed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The starter feed market consists of sales of chick starter, grower, and layer feeds. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12115

1. Executive Summary

2. Starter Feed Market Characteristics

3. Starter Feed Market Trends And Strategies

4. Starter Feed Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Starter Feed Market Size and Growth

5.1. Global Starter Feed Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Starter Feed Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Starter Feed Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Starter Feed Market Segmentation

6.1. Global Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Medicated
Non-Medicated
6.2. Global Starter Feed Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Pellets
Crumbles
Other Forms
6.3. Global Starter Feed Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Wheat
Corn
Soybean
Oats
Barley
6.4. Global Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Organic
Conventional
6.5. Global Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Poultry
Ruminants
Swine
Aquatic
Equine
Other Applications

7. Starter Feed Market Regional And Country Analysis

7.1. Global Starter Feed Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Starter Feed Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Starter Feed Market

8.1. Asia-Pacific Starter Feed Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Starter Feed Market

9.1. China Starter Feed Market Overview
9.2. China Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Starter Feed Market

10.1. India Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Starter Feed Market

11.1. Japan Starter Feed Market Overview
11.2. Japan Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Starter Feed Market

12.1. Australia Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Starter Feed Market

13.1. Indonesia Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Starter Feed Market

14.1. South Korea Starter Feed Market Overview
14.2. South Korea Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Starter Feed Market

15.1. Western Europe Starter Feed Market Overview
15.2. Western Europe Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Starter Feed Market

16.1. UK Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Starter Feed Market

17.1. Germany Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Starter Feed Market

18.1. France Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Starter Feed Market

19.1. Italy Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Starter Feed Market

20.1. Spain Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Starter Feed Market

21.1. Eastern Europe Starter Feed Market Overview
21.2. Eastern Europe Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Starter Feed Market

22.1. Russia Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Starter Feed Market

23.1. North America Starter Feed Market Overview
23.2. North America Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Starter Feed Market

24.1. USA Starter Feed Market Overview
24.2. USA Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Starter Feed Market

25.1. Canada Starter Feed Market Overview
25.2. Canada Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Starter Feed Market

26.1. South America Starter Feed Market Overview
26.2. South America Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Starter Feed Market

27.1. Brazil Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Starter Feed Market

28.1. Middle East Starter Feed Market Overview
28.2. Middle East Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Starter Feed Market

29.1. Africa Starter Feed Market Overview
29.2. Africa Starter Feed Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Starter Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Starter Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Starter Feed Market Competitive Landscape And Company Profiles

30.1. Starter Feed Market Competitive Landscape
30.2. Starter Feed Market Company Profiles
- 30.2.1. Cargill Incorporated
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. BASF SE
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Evonik Industries AG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Archer Daniels Midland Company
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Purina Mills LLC.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Starter Feed Market Competitive Benchmarking

32. Global Starter Feed Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Starter Feed Market

34. Starter Feed Market Future Outlook and Potential Analysis

34.1 Starter Feed Market In 2028 - Countries Offering Most New Opportunities
34.2 Starter Feed Market In 2028 - Segments Offering Most New Opportunities
34.3 Starter Feed Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer