Liquid Feed Supplements market accounted for US$ 5.53 billion in 2020 and is estimated to be US$ 9.23 billion by 2030 and is anticipated to register a CAGR of 5.3%. Liquid feed additives are a convenient way to enhance animal feed with additional protein, minerals, and elements. Most animal species, such as pigs, cattle, chickens, and aquaculture, employ liquid feed additives in their meal blends. To increase nutritional energy and improve palatability, they usually use molasses as the carrier medium. Animal feed supplements, like any other food product, are regulated by a country’s food regulatory agencies for labelling and composition regulations. For example, EU legislation on animal feed necessitates the registration or approval of firms that are directly or indirectly involved in the feed chain in order to comply with requirements governing manufacturing facilities, storage, employees, and record-keeping.
The report “Global Liquid Feed Supplements Market, By Type (Protein, Minerals, and Vitamins), By Application (Ruminant Animals, Poultry, Pigs, and Fish), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis, and Forecast till 2029’’
• In 2019, Cargill, Incorporated funded USD 20 million as part of a proposal to build a premix plant in Kota, India. This will help farmers enhance animal health and production by providing a wide range of liquid feed supplements.
The market for liquid feed supplements is expected to rise due to rising knowledge about animal feed quality and health, the need for a solution to inadequate pasture, and increased R&D activity throughout animal feed husbandry. The entry of international firms into the liquid feed supplement sector is projected to provide considerable growth prospects.The main competitors in the liquid feed supplements market are projected to focus on untapped regions due to changing dietary preferences and economic prosperity. As a result, the liquid feed supplement business, particularly in emerging economies, has a lot of room to grow.
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Key Market Insights from the report:
Global Liquid Feed Supplements market accounted for US$ 5.53 billion in 2020 and is estimated to be US$ 9.23 billion by 2030 and is anticipated to register a CAGR of 5.3%. Global Liquid Feed Supplements market is segmented into type, application and region.
• Based on Type, the Global Liquid Feed Supplements Market is segmented into Protein, Minerals, and Vitamins.
• Based on Application, the Global Liquid Feed Supplements Market is segmented into Ruminant Animals, Poultry, Pigs, and Fish.
• By Region, the Global Liquid Feed Supplements Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Competitive Landscape & their strategies of Global Liquid Feed Supplements Market:
The key players in the global Liquid Feed Supplements market includes Cargill, Inc., Basf, Archer Daniels Midland, Land O’Lakes, Graincorp, Ridley, Quality Liquid Feeds, Performance Feeds, Westway Feed Products and Dallas Keith.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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