Starter Feed Market Revenue, Manufacturers, Customer Needs and Forecast to 2026


Posted May 4, 2021 by rohit890

Starter feed is manufactured by mixing two or more nutritional ingredients such as oats, wheat, corn, soy, and others.
 
Market Overview

Starter feed is manufactured by mixing two or more nutritional ingredients such as oats, wheat, corn, soy, and others. The feed, which is enriched with essential proteins, amino acids, vitamins, and minerals is used to enhance immunity systems and digestion in livestock animals such as chickens, ruminants, pigs, and aquatic animals. Starter feed is manufactured and marketed in the form of mash, pellets, crumbles and various others. Extensive research and development have highlighted the benefits of starter feed over conventional feed in the overall growth of animals. Therefore, animal breeders are rapidly adopting starter feed products in order to increase production of livestock.

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Market Dynamics

Key factors such as increasing awareness about health of livestock, increasing demand for organic and healthier feed products, and rapid acceptance of starter feed, as an effective alternative to conventional feed across the globe are projected to fuel growth of global starter feed market over the forecast period. Furthermore, increasing demand for livestock globally is boosting demand for variety of starter feed products. According to the United States Department of Agriculture, global export of beef, broiler meat, and pork is projected to increase by 5%, 2%, and 1% respectively in 2018. The global production of beef, veal, pork, and broiler meat is projected to reach 63 million tons, 113.5 million tons, and 92.5 million tons respectively in 2018.

The availability of alternatives such as conventional feed and high manufacturing costs are factors that restrain growth of the global starter feed market. Moreover, strict government regulations imposed on use of feed ingredients in the manufacturing of starter feed is a key challenge for manufacturers. For instance, regulation (EC) No 1829/2003 of the European Parliament on genetically modified feed provides an authorization procedure for placing genetically modified feed into market, which also includes feed additives produced from genetically modified organisms. Such regulations forces manufacturers to maintain their product quality.

Market Taxonomy

On the basis of product type, global starter feed market is segmented into:

Medicated

Non-Medicated

On the basis of form, global starter feed market is segmented into:

Mash

Crumbles

Pellets

Others

Key players operating in the market include Archer Daniels Midland Company, Cargill Incorporated, Evonik Industries AG, Associated British Foods Plc., Roquette Freres S.A., Nutreco N.V., Koninklijke DSM NV, BASF SE, and Alltech Inc. among others

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Last Updated May 4, 2021