Liquid feed supplements are those that provide essential factors and elements to the body such as proteins, vitamins, and minerals in liquid form. There are several different types of liquid feed supplements available for feeding feedlots and grass-fed cattle. Each type is prepared according to the animal’s dietary requirements. There are a variety of liquid feed supplements which are mixed into the daily diets of different animal species, such as swine, chickens, cattle, and aquatic organisms.
Rapid growth in demand for animal-derived products such as increasing dairy-related products, rising consumption of meat as well as eggs is the key driving factor for the growth of the global liquid feed supplement market. Growing awareness among the people and a rise in the concern for good health are the key contributing factors boosting the growth of the global market. An increase in total feed production and rising demand from the end-user industry are also significant factors that are accelerating the global market. Furthermore, the adoption of advanced technologies in production is propelling the growth of the global liquid feed supplements market. As livestock production becomes increasingly commercialized and standardized from feeding to processing, there is a growing demand for nutrient-rich liquid feed supplements. However, rising raw material prices are creating a dilemma in optimizing efficiency which may restrain the liquid feed supplements market growth. On the other hand, increasing research and development activities in the feed industry in emerging markets such as Asia Pacific and Latin America may create ample opportunities in the liquid feed supplement market in the forecast period.
The global liquid feed supplements market is divided based on type, source, livestock, and region. Based on the type, the global market is split into proteins, vitamins, minerals, acids, fats, enzymes, and others. The source segment consists of soy, wheat barn, corn, urea, granules, prills, and others. Liquid feed supplements market is segmented by livestock into poultry, aquaculture, monkeys, ruminants, swine, horses, and others.
Asia Pacific region is anticipated to dominate the global liquid feed supplements market and is expected to continue its dominance during the forecast period. Factors such as the increasing adoption of liquid feed for livestock in developing countries like China, India, and Brazil are driving the growth of the market in this region. Further, favorable government initiatives and growing investment in liquid feed supplements from leading multinational key players are some of the factors that are fostering the market growth in this region. North America region is projected to be the fast-growing market and is anticipated to account for a significant share over the forecast period. This is attributed to the presence of leading key players in this region along with the availability of liquid feed by-products from different industries in those regions.
Cargill Incorporated, Ridley Corporation Limited, Archer Daniels Midland Company, Westway Feed Products LLC, Grain Corp Ltd., BASF SE, Dallas Keith Ltd., Quality Liquid Feeds, and Land O’ Lakes Inc., are some of the notable players that are operating in the global liquid feed supplements market.
In 2019, Land O’lakes, Inc. has entered into a partnership with Royal Agrifirm Group to expand its geographical global presence in the feed supplements sector.
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