Global Starter Feed Market Size, Share, Trends, & Growth Forecast Report – Segmented By Ingredients (Corn, Wheat, oats, and Soybean, Barley, Others), Type ( Medicated, Non- medicated, Form, Pellets, Crumbles), Application (poultry, Ruminants, Swine, Aquatic, Equine) And Region (North America, Europe, Asia Pacific, Latin America, Middle East And Africa) - Industry Analysis From (2024 to 2032)

Updated On: June, 2024
ID: 5776
Pages: 175

Global Starter Feed Market Size (2024 to 2032)

The global starter feed market was valued at USD 30.15 billion in 2023 and is anticipated to reach USD 31.54 billion in 2024 from USD 45.19 billion by 2032, growing at a CAGR of 4.6% from 2024 to 2032.

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. With the usage of quality starter feeds in the first weeks of animal farms, it may obtain much higher results on 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 the performance of the fish and contributes to increased production profitability. The starter feed for swine provides a balanced nutritional formulation and also helps in the increase of the swine population during the initial growth stage to 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.

Market Drivers and Restraints

Major factors driving the global 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 high-cost feed are restraining the growth of the global starter feed market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2032

Base Year

2023

Forecast Period

2024 to 2032

CAGR

4.6%

Segments Covered

By Ingredients, Type, Application and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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.

 

SEGMENTAL ANALYSIS

Global Starter Feed Market By Ingredients

  • Corn
  • Wheat
  • Oats
  • Soybean
  • Barley
  • Others

Global Starter Feed Market By Type

  • Medicated
  • Non-medicated
  • Form
  • Pellets
  • Crumbles

 Global Starter Feed Market By Application

  • Poultry
  • Ruminants
  • Swine
  • Aquatic
  • Equine
  • Others

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 2025. In application, Poultry is forecasted to have the highest revenue of the starter feed market during the forecast period.

REGIONAL ANALYSIS

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

North America has the largest revenue while the 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 Global 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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