Asia-Pacific starter feed market size is expected to reach USD 6.95 billion in 2024 and reach USD 9.04 billion by 2029, growing at a CAGR of 5.4% from 2024 to 2029.
Starter feed is a mixture of dairy and highly digestible protein products, acidifiers, enzymes, probiotics, and palatability agents like sweeteners and flavors with the raw materials that are generally available on the farm to obtain high-performing pre-starter and starter diets. The usage of quality starter feeds in the first weeks of animal farms may obtain much higher results in the growth, nutritional, and sanitary performance of animals. It allows the animal to adapt to the solid feed and, consequently, improves the assimilation of the following feeds. In addition, we also obtain progressive growth and lower mortality.
Starter feeds are used in different types of livestock farming, such as poultry, swine, aquatic, and ruminants. In poultry, it is used in newly hatched chicks ages 0-10 weeks in order to increase protein levels up to 20%. It covers all the nutritional needs of the farm fish by improving their performance and contributing to increased production profitability. The starter feed for swine provides a balanced nutritional formulation and also helps increase the swine population during the initial growth stage so that they get accustomed to a solid diet. In livestock feed, oats are easier to feed to animals than other grains because of their high fiber content and beta-glucans.
Major factors driving the Asia-Pacific starter feed market are the increasing demand for livestock products, adoption of precision nutrition techniques, growing people's awareness about animal feed, rise in disposable income, favorable government policies in the animal industry, rise in livestock production, new products innovation and technological advancements in the farms. However, a lack of awareness and the high cost of feed are restraining the growth of the Asia-Pacific Starter Feed Market.
This research report on the Asia Pacific starter feed market is segmented and sub-segmented into the following categories:
Asia-Pacific Starter Feed Market – By Ingredients:
Asia-Pacific Starter Feed Market – By Type:
Asia-Pacific Starter Feed Market – By Form:
Asia-Pacific Starter Feed Market – By Application:
Medicated starter feed is anticipated to have the highest CAGR which is used to give livestock veterinary medicines. In ingredient type, Oats are projected to grow at the fastest rate through 2026. In application, poultry is forecasted to have the highest revenue in the starter feed market during the forecast period.
Asia-Pacific Starter Feed Market – By Country:
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia-Pacific market is projected to grow at the highest CAGR during the forecast period due to the rise in livestock production, technology advancements, growing demographics, and emerging economies like China and India.
KEY MARKET PLAYERS:
Major companies in the Asia-Pacific Starter Feed Market are Cargill Incorporated, Archer Daniels Midland Company, Evonik Industries AG, BASF SE, Charoen Pokphand Foods Plc, Roquette Freres S.A., Koninklijke DSM NV, Alltech and Associated British Foods Plc.
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