The global starter feed market size is expected to reach USD 31.53 billion in 2024 and reach USD 39.48 billion by 2029, growing at a CAGR of 4.6% from 2029 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. 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.
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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
4.6% |
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Segments Covered |
By Ingredients, Type, Application and Region |
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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 |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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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. |
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.
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.
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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