Liquid Feed Market Scenario
Liquid feed provides additional nutrition and improves the quality and production of animal food products, such as milk, meat, etc. It helps to enhance the quality of feed, animal health, and reduce livestock diseases. The liquid feed market is witnessing tremendous traction over the past few years, mainly due to the increasing awareness of animal nutrition and rising concern for animal health. The growing population in developing countries fosters the growth of the market, creating a massive demand for meat & dairy products.
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Increasing demand for poultry, swine, aquaculture, and other livestock products for consumption has been providing various growth opportunities in the liquid feed supplements market. According to Market Research Future (MRFR), the global liquid feed market is expected to cross its previous growth records by 2023, at 4.2 % CAGR during the forecast period (2017 – 2023). The ever-increasing population worldwide is a major growth driver for the market, creating a huge demand for animal products.
Additionally, the rising prevalence of metabolic diseases in dairy cattle/ Goat/Swine, etc. and the increasing cost of treatments are acting as major driving forces driving the global demand for liquid feed. Food is an important factor in the care chain; hence, operators take extreme care of their cattle/poultry, which, as a result, drives the demand in the liquid feed market. However, rising concerns about the increasing amount of chemical contents in the liquid feed act as a significant headwind for the growth of the market, exposing consumers to unwanted chemicals such as veterinary drug residues and heavy metals.
Players driving the global liquid feed market include Cargill Inc. (US), Dallas Keith Ltd. (UK), Archer Daniels Midland (US), Westway Feed Products (US), Midwest Liquid Feeds (US), GrainCorp (Australia), Land O’ Lakes (US), and Agridyne LLC (US), among others.
October 30, 2019 — Animal Nutritional Products Inc. (ANP – the US), an animal supplement company, announced the development of a unique liquid Hemp Extract called PhytoMAXX Plus. Available exclusively to vets, is used for both dogs and cats, PhytoMAXX Plus, can be explicitly given for joint support, stress-induced urinary problems, and separation anxiety in pets. PhytoMAXX Plus impacts the endocannabinoid system that is comprised of the CB1, CB2, and TRPV1 receptors. Hemp extract and its adherence to these receptors is a very significant discovery in animal and human medicine to control pain, anxiety, and stress in the brain and body.
Global Liquid Feed Market – Segments
MRFR has segmented the report into three dynamics to widen the scope of understanding,
By Ingredients : Trace Minerals, Phosphoric Acid, Vitamins, Urea, Fats, and others.
By Livestock : Poultry, Ruminants, Swine, Aquaculture, and others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Liquid Feed Market – Regional Analysis
North America dominates the global liquid feed market. The largest share of the market attributes to the growing demand for dairy products such as cheese & milk and animal foods like meat. The US liquid feed market supports the growth of the regional market, majorly. Furthermore, favorable government regulations such as Veterinary Medicine (CVM) and DSHEA contribute to the regional market growth.
The Asia Pacific region accounts for the second-largest market for liquid feed. China, with its large meat industry, accounts for the major market in the region. Simultaneously, the rapidly growing demand for milk products in the region increases the size of the APAC liquid feed market. Moreover, the rising population, followed by increasing consumption of livestock in developing countries of Asia Pacific, is boosting the liquid feed supplement market, keeping up the supply and demand ratio.
The Europe liquid feed market is emerging as one of the lucrative markets, growing rapidly. The market is estimated to register a substantial CAGR from 2017 to 2023. Rising demand for poultry and swine products in Europe is boosting the growth of the liquid feed market in the region. Moreover, markets in Germany and the UK are witnessing growth owing to an increase in demand for protein intake for swine and poultry applications.
The milk & meat products market is brisk in Argentina, USA, Denmark, Australia, New Zealand, and countries of the EU and Eastern Europe.
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