The global liquid feed supplements market is anticipated to expand at a moderate CAGR of 5.1% from 2022 to 2032. Historically, the target market developed at a CAGR of 4.7%. The liquid feed supplements market is set to reach a valuation of US$ 9,732.3 million by 2032, as opposed to a value of US$ 5,918.2 million in 2022. This growth can be attributed to growing meat and seafood consumption, expanding industrial livestock production, and shifting food habits.
Swift globalization coupled with the prevailing health and fitness trend like the demand for greater protein intake will facilitate the expansion of the liquid feed supplements market over the next few years. The advantages of liquid feed supplements will further aid the growth of the target market. These supplements can be easily digested and improve the nutrient value in ruminants.
Additionally, ruminants play a vital role in sustainable agriculture as they have the ability to transform a land unfit for farming into a productive one. As a result, farmers are immensely concerned about the diet of ruminates with liquid feed supplements playing a crucial role in bolstering their digestive health, enhancing immunity, and maintaining good health.
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The market for liquid feed supplements is also influenced by activities like product development and the release of new products by manufacturers. The launch of new products that are manufactured with the aid of advanced technology will open new avenues of growth in the next couple of years. Other aspects like greater demand for meat and related products, increasing use of animal-based products, and elevated research and development activities in the animal feed industry also facilitate growth for the target market. All of these factors, in addition to others, will further fuel the growth of the liquid feed supplements market during the projection period.
Key Takeaways:
- Implementation of regulatory measures regarding the use of liquid feed supplements in ruminants as well as the loss of synthetic amino acids during storage will stymie the growth of the liquid feed supplements market.
- In 2022, the liquid feed supplement market in North America held around 40.2% of the overall market share.
- The liquid animal feed market in Europe is driven by the widespread rise in the livestock population.
- The Asia Pacific region will emerge as an attractive pocket for the target market due to more and more market players expanding their business in emerging economies.
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Competitive Landscape
BASF SE, Graincorp Ltd., Archer Daniels Midland Company, Ridley Corporation Limited, Cargill Incorporated, Westway Feed Products, and Land O’lakes, Inc., among others, are some of the primary participants in the liquid feed supplements market profiled in the full version of the report.
Dominant market players are concentrating on product development and the release of new products. These businesses adopt and develop new product formulations. Many other players engage in different organic and inorganic growth strategies.
More Insights into Liquid Feed Supplements Market
FMI offers the latest, unbiased, and detailed analysis of the global liquid feed supplements market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (protein, minerals, vitamins, others), source (molasses, corn, urea, others), livestock (ruminants, poultry, swine, aquaculture), and region.
According to the reports, based on region, the liquid feed supplements market in North America will display impressive growth during this period of observation. This region is projected to be the largest market for liquid feed supplements. In 2022, the target market accounted for 40.2% of the overall share. This is due to an upsurge in the consumption of meat, and related products, growing canned and frozen food consumption, and market activities by significant players.
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In addition, Europe and Asia Pacific will also demonstrate considerable growth. While the growing demand for meat and rising livestock population account for the market growth in Europe, Asia Pacific’s liquid feed supplement market growth will be driven by business expansion activities by key players in emerging countries. Thus, North America, Europe, and Asia Pacific will contribute to the global growth of the liquid feed supplements market during the projection period.
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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