The liquid feed supplements market is predicted to be worth US$ 6,155 million in 2023, rising to US$ 10,072.6 million by 2033. During the projection period, sales of liquid feed supplements are expected to grow at a strong CAGR of 5.0%.
A growing number of people throughout the world are going vegan, raising concerns about their health and wellness. Furthermore, consumer awareness of the harmful effects of the meat business encourages consumers to avoid animal-based goods. Despite all of the recent changes in industry patterns and the increase of the veganism trend among consumers worldwide, the livestock industry has maintained its growth trajectories, which is eventually affecting the growth of the liquid feed supplements market.
Find more insights in a sample report https://www.futuremarketinsights.com/reports/sample/rep-gb-6227
The cattle and poultry industries’ positive growth prospects have fueled different advances in the animal feed additives market. In 2015, global sales of animal feed additives surpassed US$ 14 billion, and increased sales potential is driving demand for feed supplements. With increased awareness among livestock industry stakeholders about the importance of animal nutrition and animal healthcare products such as animal antibiotics and antimicrobials, demand for veterinary feed supplements is expected to rise in the future years.
Liquid feed supplements are emerging as one of the latest trends in the animal feed supplements industry, as manufacturers are focusing on offering a composition of supplements to better suit the animal feedstuff. Innovative and nutritional ingredients such as feed enzymes, vitamins, minerals, and other nitrogen-containing active ingredients, are being incorporated in the manufacturing of liquid feed supplements to further improve their nutritional values.
Leading players in the liquid feed supplements market are focusing on capitalizing on the increasing growth of the poultry feed market,
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Liquid Feed Supplements Market – Competitive Landscape
Leading players and other stakeholders in the global market for liquid feed supplements market that are featured in the report include Archer Daniels Midland Company, Cargill Incorporated, Ridley Corporation Limited, BASF SE, Westway Feed Products LLC, Graincorp Ltd., Quality Liquid Feeds, Dallas Keith Ltd., Quality Liquid Feeds, Land O’lakes, Inc., Inc., and Cattle-Lac Liquids Inc. Some of the notable developments in the liquid feed supplements market are:
- In February 2019, Cargill Incorporated – one of the global leaders in the animal feed industry – announced that it has planned to invest approximately US$ 20 million to manufacture its new greenfield premix plant in Rajasthan, India. The company declared that the new feed premix facility is planned to be built on 15 acres of land in Kota and its monthly manufacturing capacity is announced to be around 7,500 tons of animal nutrition products and veterinary feed supplements.
- In June 2019, Land O’lakes, Inc. – a U.S.-based member-owned agricultural cooperative – announced that is has partnered with Royal Agrifirm Group (Agrifirm) – a Netherlands-based cooperative enterprise – to form a dairy animal feed joint venture – Agrilakes – in China. The company is continuing its commercial growth strategy by focusing on collaborating with locally-successful companies to boost its global presence in the feed supplements industry.
- In April 2019, Archer Daniels Midland Company – world’s leading agricultural processors and food ingredient providers – announced the opening of its new livestock feed facility in Illinois, which is its fourth animal nutrition manufacturing facility in North America. The company also announced that it has made significant investments to expand and improve our animal nutrition capabilities. For instance, the company recently acquired Protexin – a leading provider of probiotic supplements for animal feed markets, headquartered in the United Kingdom.
- In September 2019, DuPont Animal Nutrition – a business unit of DuPont Nutrition & Biosciences (DuPont) and leading provider of innovative enzyme, natural betaine and probiotic feed technologies for the livestock industry – announced the launch of Axtra® PHY in Japan. Its new product – DuPont™ Axtra® PHY is a phytase enzyme designed to enhance animal health and performance in poultry and swine. The company also launched DuPont™ Syncra® AVI, a feed supplement for improving nutrient digestibility in poultry livestock, in Asia Pacific.
Get a Customized Report
https://www.futuremarketinsights.com/customization-available/rep-gb-6227
Factors Influencing Growth of the Liquid Feed Supplements Market
Rising Adoption of Technological Solutions to Improve Efficiency and Productivity
Leading players in the liquid feed supplements market are leveraging recent advancements in technology to improve and optimize manufacturing and other business operations. With the increasing demand for and growth of the liquid feed supplements market, leading manufacturers are expected to join forces with technology companies to attain greater transparency in the supply chain and sustainability in multiple business processes with the help of state-of-the-art technological solutions. For instance, BASF Corporation and arc-net – a technology company head quartered in Belfast, Northern Ireland – to incorporate the Blockchain technology in analyzing and capturing various sustainability parameters in livestock production. While technology calls for initial investments and high capital, the adoption of next-generation technological solutions is only likely to be observed among leading players in the liquid feed supplements market.
Increasing Demand for Liquid Feed Supplements with Poultry Nutrition Additives
Taking into consideration the increasing demand for poultry meat, stakeholders in the liquid feed supplements market are focusing on catering the specific nutrition needs in the poultry industry. By bolstering the research & development activities to introduce innovation in poultry nutrition additives, liquid feed supplement manufacturers are aiming to expand their customer base including poultry producers. Leading players in the market are expected to introduce liquid feed supplements with essential amino acids, vitamins, organic trace mineral feed, area-speci?c mineral mixtures, and macro and micro-minerals for sustainable poultry production. However, in the coming years, the demand for liquid feed supplements is expected to grow at a significant rate in the ruminants segment.
Positive Sales Opportunities in the Livestock Sector in Asia Pacific
Stakeholders in the liquid feed supplements market are noticing the increasing growth of the meat industry and livestock sector in Asia Pacific, and are modifying their business strategies to expand presence in the region. Manufacturers are aiming to capitalize on increasing awareness among stakeholders in Asia Pacific’s livestock sector about the importance of animal health and feed nutrition. This is expected to bolster the sales potential of liquid feed supplements in the region, creating new sales opportunities for market players. Leading manufacturers in the liquid feed supplements market are investing heavily in developing countries in Asia Pacific, such as China and India, to cater to the increasing domestic demand and incur more profits in the coming years.
The research report presents a comprehensive assessment of the liquid feed supplements market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The liquid feed supplements market is broadly segmented according to the type, source, and feedstock.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Buy now to gain access to detailed information about each segment
https://www.futuremarketinsights.com/checkout/6227
Report Highlights:
- A detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments for yorker spouts market
- Competitive landscape for yorker spouts market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
