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Starter Feed Market Trends

Report ID: GMI5568
Published Date: Jul 2024
Report Format: PDF

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Starter Feed Market Trends

The market is witnessing a surge in demand for high-quality, nutritionally balanced feeds, aimed at bolstering early growth and immunity in young animals. Notable innovations, like the integration of probiotics, prebiotics, and natural additives, are increasingly prevalent in feed formulations. Moreover, there's a growing preference for sustainable and eco-friendly feed solutions.

According to the USDA, the livestock sector has seen a 5% annual growth rate over the past five years, which is driving the market expansion. This growth is primarily fueled by the expanding livestock farming sector, coupled with a heightened focus on animal welfare and productivity. Furthermore, technological advancements in feed production and distribution are streamlining operations, making feeds more efficient and accessible.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global starter feed industry was valued at USD 41.2 billion in 2023 and is anticipated to register over 8.7% CAGR between 2024 and 2032 due to the advancements in animal nutrition and the focus on animal welfare and productivity.

The non-medicated segment in the market is anticipated to reach USD 61.2 billion by 2032, led by the rising spending capacities on natural and organic products.

APAC starter feed industry is expected to record 9.2% CAGR through 2032, owing to the rising rate of urbanization and higher consumption of processed and convenience foods.

Archer Daniels Midland Company, Cargill Incorporated, Alltech Inc, BASF SE, Associated British Foods PLC, Evonik Industries AG, ACI Godrej Agrovet Private Ltd, BRF SA, and Roquette Freres SA.