The Liquid Feed Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Liquid Feed Global Market Report 2024, The liquid feed market size has grown steadily in recent years. It will grow from $3.86 billion in 2023 to $3.99 billion in 2024 at a compound annual growth rate (CAGR) of 3.5%. The growth in the historic period can be attributed to increased demand for high-quality livestock and poultry products, convenience and ease of use in animal nutrition, rise in concerns for animal health and well-being, optimization of feed conversion ratios, availability of nutrient-dense liquid feed ingredients.
The liquid feed market size is expected to see steady growth in the next few years. It will grow to $4.52 billion in 2028 at a compound annual growth rate (CAGR) of 3.2%. The growth in the forecast period can be attributed to focus on precision livestock farming practices, adoption of sustainable and eco-friendly feeding solutions, expansion of aquaculture and specialty livestock segments, increasing investment in research and development, regulatory support for quality and safety standards. Major trends in the forecast period include customized liquid feed formulations for different species, use of functional additives for animal health, integration of probiotics and prebiotics in liquid feeds, fortification with essential vitamins and minerals, incorporation of by-products and co-products in liquid feeds, application of enzymes for improved digestibility.
The rise in the demand for meat and meat products is expected to propel the growth of the liquid feed market going forward. Meat is the flesh of animals such as chickens, sheep, pigs, and cattle, and is eaten together with other food. Liquid feed is used to enhance the quality of meat. For instance, according to the Food and Agriculture Organization, an Italy-based specialized agency, global meat consumption is expected to reach 45.3 kg per capita by 2030. Therefore, the growing demand for meat and meat products will drive the growth of the liquid feed market.
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The liquid feed market covered in this report is segmented –
1) By Product: Protein, Minerals, Vitamins, Enzymes, Other Products
2) By Source: Prills, Granules, Corn, Urea, Wheat Barn, Other Sources
3) By Livestock: Ruminants, Poultry, Swine, Aquaculture, Other Livestocks
Product innovations have emerged as a key trend gaining popularity in the liquid feed market. Major companies operating in the liquid feed sector are focused on developing innovative products to strengthen their position. For instance, in December 2021, BASF, a Germany-based chemicals company, launched Natupulse TS, an innovative feed enzyme for animal feed that is available in powder and liquid form. This product includes ß-mannanase, which ensures sustainable production by increasing the digestibility of the feed and is cost-effective. This product has shown a positive effect in feed trials, ensuring nutrient digestibility.
The liquid feed market report table of contents includes:
1. Executive Summary
2. Liquid Feed Market Characteristics
3. Liquid Feed Market Trends And Strategies
4. Liquid Feed Market – Macro Economic Scenario
5. Global Liquid Feed Market Size and Growth
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31. Global Liquid Feed Market Competitive Benchmarking
32. Global Liquid Feed Market Competitive Dashboard
33.Key Mergers And Acquisitions In The Liquid Feed Market
34. Liquid Feed Market Future Outlook and Potential Analysis
35. Appendix
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