Starter feed is a mixture of two or more ingredients, prepared commercially for livestock animals. They improve feed performance when added to feed. Also, it helps in enhancing the immune system, digestion, and feed intake in the animals. They also offer additional nutrients such as minerals and vitamins to the animal feed for overall growth and development of livestock animals. Along with improving the feed quality, they also improve animal health by reducing livestock diseases.
Starter feed is used to improve the feed quality, animal health and reduce the livestock diseases, which further enhances the quality of products derived from livestock. The Asia Pacific market for starter feed is expected to keep growing over the forecast period due to growing awareness regarding livestock health among the livestock holders. Major Key players are investing in R&D for innovating the product lines. Moreover, leading players are also investing in partnership with various feed manufacturers as the primary focus area is to grow the consumer base.
The Asia Pacific region is dominating the starter feed market and is expected to have a substantial growth over the forecast period, 2017-2023. India and China are leading this market and are expected to dominate over the review period. Increasing population and growing demand from poultry industry are boosting the growth of the starter feed market in this region.
Furthermore, growing concern regarding livestock health among the livestock holders is adding fuel to the growth of the starter feed market. However, the high cost of processing and raw materials may hamper the market growth in the upcoming years. Asia Pacific starter feed market is estimated to grow at a CAGR of 5.1% during the forecast period, 2017-2023.
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Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major starter feed players. It further includes product portfolios, developments of leading players, which includes
Some of the key players profiled in the global starter feed market: Associated British Foods Plc (U.K), Archer-Daniels-Midland Company (U.S.), Cargill Inc. (U.S.), Purina Mills, LLC (U.S.), Evonik Industries AG (Germany), Roquette Frères S.A. (France), Godrej Agrovet Limited (India), Nutreco N.V. (the Netherlands), Alltech, Inc. (U.S.), and Charoen Pokphand Foods PCL (Thailand)
Asia Pacific region is found to be an emerging market for starter feed
The demand for starter feed is high from poultry and livestock holders
Oct 2015, ForFarmers launched a new piglet starter feed range in collaboration with Trouw Nutrition under the VIDA brand. The new brand range is aimed at piglets from day one to the grower phase.
The global starter feed market is segmented into type, form, and livestock.
On the basis of the type, it is segmented into medicated, and non-medicated. Among the both, the medicated type holds the major market share followed by non-medicated. These specialized feed are identified to have extraordinary health supporting properties, which is commonly used in poultry and livestock feed for overall growth and development of animals.
On the basis of the form, it is segmented into mash, pellets, and others. The pellets segment is dominating the market. Ease of storage, handling, and feeding has uplifted the demand for the pellets form.
On the basis of the livestock, the starter feed market is segmented into poultry, swine, ruminants, aquatic, and others. Among all, the poultry is dominating the market based on increased consumption of poultry and meat products globally. However, the ruminants segment is projected to witness steady growth over the forecast period.
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The Global Starter Feed Market is segmented into Europe, North America, Asia Pacific, and rest of the world (RoW). North America is dominating the starter feed market followed by Asia Pacific. The U.S. is the major consumer of poultry products, which, in turn, is boosting the market growth in this region. Furthermore, growing awareness regarding livestock health and increasing consumption of poultry and meat products in the developing countries of Asia Pacific is giving a push to the growth of the starter feed market.
Moreover, increasing demand for poultry products in countries like the U.K and Germany in the European region is projected to boost the starter feed market over the review period.
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