Starter Feed Market Size

Starter Feed Market Size

Starter Feed Market has a size of USD 41.2 billion in 2023 and is projected to expand at over 8.7% CAGR from 2024 to 2032. The market focuses on producing and supplying essential nutrition for young livestock, including poultry, pigs, and cattle.

This specialized feed is tailored to bolster early growth, ensuring animals achieve peak health and productivity. It caters to diverse nutritional requirements, varying by species and breeds. The market comprises manufacturers, suppliers, and distributors. According to the USDA, global meat production is projected to reach 367 billion metric Kilo Tons by 2024, reflecting a growing demand for meat and dairy products. This expansion is fueled by strides in animal nutrition, a surge in livestock farming, and a heightened emphasis on enhancing animal health and productivity.
 

The rising global demand for meat, driven by a surging population, is set to boost market demand. According to the USDA, global meat production, covering beef, poultry, and pork, surged to 340 billion Kilo Tons in 2021 from 248 billion in 2018. Starter feed, increasingly preferred for young animals, is pivotal for their healthy development. Additionally, the increasing adoption of pre-starter feed for piglets, broilers, and calves is set to fuel further industry growth.
 

The rising volatility of the cost of raw materials incurred in the production of starter feed is likely to hamper market growth. Considering the increasing fluctuations of the raw material prices, several manufacturers are bearing the brunt of maintaining profitability as well as competitively price their products.