Liquid Feed Market

Global Liquid Feed Market (2024 to 2029)

The size of the global liquid feed market is predicted to be worth USD 8.77 billion in 2024 and reach a valuation of USD 11.75 billion by 2029, growing at a CAGR of 6.04% between 2024 and 2029.

The liquid feed is a mixture of raw materials that are extracted from either plants or animals or various sources and used as by-products and fed to the livestock. The liquid feed contains minerals, proteins, vitamins, and other nutritional elements, which increase digestion and enhance the appetite of the livestock. Also, the liquid feed can help in the growth and development of the tissue in the livestock. Liquid feed is a flowing form of feed that is used as a supplement and mixed in the dry feed of animals, which provides essential nutrients and energy to livestock. The liquid feed is applicable for ruminants, swine, aqua animals, poultry and others. Moreover, liquid feed also enhances dairy and meat production, which makes profits for livestock farmers. The demand for liquid feed is increasing in order to meet the growing demand for protein-rich products.

MARKET DRIVERS

The rising demand for products derived from livestock, such as dairy, eggs, and meat, is primarily propelling the growth of the liquid feed market.

The rising concern of the population towards the consumption of protein-rich food is driving the growth of the liquid feed market. Liquid feed helps increase digestion as well as productivity in animals. It helps in the growth and development of animal tissue; therefore, livestock farmers prefer liquid feed as a nutrient in animal feed and liquid feed is easily digestible. In addition, the demand for export-quality meat is increasing, further encouraging livestock farmers to give liquid feed to the livestock to enhance the quality of the meat, which is fuelling the growth of the liquid feed market. Also, the rising awareness among livestock farmers about the benefits of liquid feed is attributed to the growth of the market.

Moreover, the stringent regulation imposed by the governments of several nations to provide bio-based liquid feed, particularly in Europe is driving the growth of the liquid feed market in the forecast period. The global liquid feed market is highly fragmented with the presence of many international players and several small players resulting in intensified competition within the industry and leading to more R&D and innovation of more liquid feed solutions in the market which further will boost the growth of the liquid feed market in the coming years.

MARKET RESTRAINTS

There are different regulatory structures and interventions in different countries worldwide associated with the usage of liquid feed supplements in ruminants and the loss of synthetic amino acids during the storage of liquid feed is restraining the growth of the liquid feed market.

Impact Of COVID-19 On the Global Liquid Feed Market

COVID-19 has adverse effects in almost every industry including the liquid feed industry. The global liquid feed market has been significantly impacted by the COVID-19 outbreak due to the lockdown. The production and supply chain have been disrupted, which, in turn, affected the global trade of liquid feed. The demand for meat was also at the peak time of the outbreak. But with the fading effects of COVID and the recovering economy, the demand for meat and dairy is increasing due to increasing awareness about the benefits of proteins, which is driving the growth of liquid feed in the projected period.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Liquid Feed Market Analysis By Type

The protein segment is expected to dominate the market in the forecast period. Proteins are the essential nutrient required for the proper nutrition of all animals. Most animal tissues and organs require proteins and other elements as their building blocks. Therefore, the protein plays a vital role in animal nutrition for the growth and regeneration of the tissues. However, protein is the most expensive nutrient in the animal diet, and it cannot be replaced with any other nutrient or element.

Global Liquid Feed Market Analysis By Ingredients

The molasses segment is going to dominate the market during the forecast period, as when molasses is added to animal feed, it increases the palatability of the feed and has a high bioavailability. Therefore, the manufacturers prefer molasses to be included in the liquid feed to enhance palatability as well as cost reduction. Additionally, molasses improves digestion of the pastures, helps in maintaining body condition and appetite and increases milk productivity. Owing to these factors, the molasses segment will drive the growth of the global liquid feed market in the coming years.

Global Liquid Feed Market Analysis By Livestock

The ruminant segment is estimated to dominate the market in the forecast period, followed by the poultry segment due to increasing demand for dairy as well as meat products. The increasing demand for export quality meat is also driving the demand for liquid feed in the ruminants and poultry segment, which further propels the growth of the market soon.

The aquaculture segment will also witness steady growth in the projected period.

REGIONAL ANALYSIS

North America holds the largest share of the global liquid feed market due to increased consumption of meat and meat products. In this region, the demand for liquid feed for ruminants is increasing, which is driving the market. Moreover, the easy availability of raw materials helps the manufacturer maintain a steady supply and increases the production capacity of liquid feed in the market. Owing to the above factors, the demand for liquid feed will continue to grow in this region during the forecast period.

Asia-Pacific is estimated to register a profitable CAGR of over 7% during the forecast period due to the growing aqua-feed market in India and China, along with strict government regulations for providing sustainability in fish production. Moreover, the increasing demand for protein rich products such as dairy and meat is driving the demand for liquid feed in the market in order to produce improved quality dairy and meat products.

Europe's liquid feed market is expected to grow with a 5.5% CAGR during the forecast period due to strict regulations towards the banning of synthetic ingredients as a promoter in animal feed that has surged the demand for natural feed additives for growth performance and feed efficiency. Additionally, the rising demand for poultry and swine in the European region is likely to accelerate the market growth of the market as poultry feed is the business of one-third of the European compound feed industry.

KEY PLAYERS IN THE GLOBAL LIQUID FEED MARKET

Some of the leading companies operating in the global liquid feed market are Archer Daniels Midland Company (U.S.), Cargill Incorporated (U.S.), GrainCorp Ltd. (Austria), Land O’ Lakes (U.S.), BASF SE, BEC Feed Solutions (Australia), DLG Group (Denmark), Liquid Feeds International, Midwest Liquid Feeds, Cattle- Lac Liquid Feed.

RECENT HAPPENINGS IN THIS MARKET

• In July 2021, Cargill announced an investment in Animalbiome which is an Oakland, California-based startup using the latest microbiome science in order to restore pet digestive and skin issues.
• In Dec 2019, the Bidco Land O’ Lakes officially opened its new state–of–the–art manufacturing animal feed plant in Nakuru. Land-O-Lakes is one of America's largest farmer-owned cooperatives as well as a leader in global animal nutrition and Bidco Africa is one of East Africa’s leading consumer product companies that have invested an estimated amount of USD 12 million in this plant.

DETAILED SEGMENTATION OF THE GLOBAL LIQUID FEED MARKET INCLUDED IN THIS REPORT

This research report on the global liquid feed market is segmented and sub-segmented based on type, ingredients, livestock, and region.  

By Type

• Protein
• Minerals
• Vitamins
• Others

By Ingredients

• Molasses
• Corn
• Urea
• Others

By Livestock

• Ruminants
• Poultry
• Swine
• Aquaculture
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa