Starter Feed Market Analysis

Starter Feed Market Analysis

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With respect to ingredient, the starter feed market size from the corn segment is expected to surpass USD 34.8 billion by 2032, attributed to the rising inclination towards non-GMO and organic products along with the growing demand for animal protein.  The inclusion of corn in animal feed helps to improves meat quality while additionally helping in milk production for sheep and cows. Increasing demand for coarse corn among broilers will also push the preference for starter feed.
 

The non-medicated starter feed market is slated to exceed USD 53.5 billion by 2032, led by the rising spending capacities on natural and organic products. In recent years, consumers are increasingly focusing on antibiotics among other synthetic additives in animal feed. Hence, the growing influx of new non-medicated starter feeds sourced from natural additives, including herbs, essential oils, and probiotics will add to the market expansion.
 

Swine starter feed market will grow at a CAGR of 8% through 2032. The surging demand for pork products worldwide has spurred the increasing focus on offering high-quality as well as nutritionally balanced feed for young pigs. As per United Nations Food and Agriculture Organization (FAO), pork is the majorly widely eaten meat worldwide, accounting for 36% of the total meat consumption.
 

On the basis of nature, the conventional starter feed market share is expected to cross USD 10 billion by 2032, on account of their affordability, accessibility, and standardization. The paradigm shift towards sustainable as well as eco-friendly farming practices along with the changing consumer attitudes are driving several farmers to opt for organic and natural feed options, limiting the demand for conventional products.
 

Asia Pacific starter feed market size is poised to depict more than 9% CAGR between 2023 and 2032, owing to the rising rate of urbanization. The booming population in the region has propelled the higher consumption of processed and convenience foods, such as animal protein. As per the USDA (United States Department of Agriculture), India imported nearly USD 33.62 billion worth of processed foods as well as related products from all sources in 2021. The rapidly expanding animal agriculture sector and the consequently surging demand for high-quality starter feed are other factors driving the regional market revenue.