01-Dec-2022 | Zion Market Research
The global liquid feed supplements market size was worth around USD 5918.5 million in 2021 and is predicted to grow to around USD 9732.29 million by 2028 with a compound annual growth rate (CAGR) of roughly 4.72% between 2022 and 2028.
Liquid feed is an external supplement provided to animals to help them achieve nutrition that lacks in their primary diet supply. Feed supplements typically account for the largest amount of cost or expenses associated with cattle or animal rearing, either for commercial or personal use purposes. Liquid feed supplements are created using molasses but they also comprise other nutritional content like corn and urea.
Of the two main categories of liquid feed, namely; blended supplement and suspension supplement, the latter is more in demand. Blended supplements can settle down when unused and require periodic stirring where this aspect can be avoided when using suspension liquid feed. It can be tailored to meet the requirements of the end consumer and hence is widely accepted in the global market. These feed supplements are recommended during seasonal dry spells and if there is sufficient paddock feed.
The compounds are ideal to use if the end-consumer intends to control or maintain the loss of live weight in dry breeding cows or if the intention is to not exceed 0.4 kilograms of live weight gain in dry cattle. Liquid feed supplements are more than often used because they offer high convenience and do not lead to an increase in labor cost.
The global liquid feed supplements market is projected to grow due to increasing demand for meat and meat-based products across the globe. This demand has led to the intensive commercialization of animal rearing and turned it into a highly profitable business. With the growing population, business leaders have understood the pace at which their businesses should grow to avoid losing to competitors.
The Indian animal husbandry market was valued at USD 36 billion in 2021 and is considered a primary industry globally. The growing fast-food culture may also propel the demand for liquid feed supplements as meat-product-serving food chains require a huge supply of fresh meat on a daily basis. These companies invest heavily in creating their own space for animal rearing instead of relying on other sources. To feed the cattle, they spend heavily on various feed supplements including the liquid type.
However, the global market may face some restrictions due to the high cost of liquid feed supplements. Even though the labor cost of using liquid feed is negligible, the price of the product, the container, and its transportation mount to the consumer shedding high prices and restricting the scope of users to only certain segments.
Convenient use of liquid feed supplements may provide excellent growth opportunities whole Loss of amino acids could act as a major challenge during the growth phase.
The global liquid feed supplements market is segmented by source, livestock, type, and region
Based on livestock, the global market divisions are poultry, ruminants, aquaculture, swine, and others. Ruminants led the global market growth in 2021. In the livestock sector, cattle production is regarded as one of the most significant industries related to agriculture. As of 2022, the number of living ruminant species is as high as 200 that are divided into 6 families. Poultry may also grow at a high CAGR due to the growing demand for domesticated birds. In 2019, the US produced more than 9000 million dozen chicken eggs.
Based on type, the global market divisions are minerals, proteins, vitamins, and others. In 2021, the global market witnessed the highest growth in the vitamins sector followed by minerals and protein. Different brands offer a range of liquid feed supplements with varying content value and the consumer can choose from the options that best suit their requirement. For instance, Vyytum-H liquid feed is rich in vitamins E, H, A, and D3 and helps in strengthening muscles and udder tissues. The feed is also known to help prevent mastitis and improve fertility in bulls for breeding. Some of the minerals present in the feed are sulfur, magnesium, iron, zinc, and calcium amongst others.
North America is projected to lead the global liquid feed supplement market owing to the presence of a large number of essential players producing the feed as well as consumers of the same. Since the majority of the global fast-food chains have origins in the US, the animal husbandry industry of the country is one of the leading sections and a major contributor to the regional economy. The high cost of the product is affordable for animal rearers of the region owing to high per capita spending capacity. Asia-Pacific is projected to witness a high CAGR due to the growing interest of foreign players in the regional market. For instance, the recent investment of USD 20 million by Cargill set up a new premix plant in India.
The global liquid feed supplements market is home to players including Westway Feed Products, Ridley Corporation Limited, Quality Liquid Feeds, Graincorp Ltd., Dallas Keith Ltd, and Cattle-Lac Liquids Inc.
This review is based on a report by Zion Market Research, titled “Liquid Feed Supplements Market By Source (Molasses, Urea, Corns, and Others), By Livestock (Poultry, Ruminants, Aquaculture, Swine, and Others), By Type (Minerals, Protein, Vitamins, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.”- Report at https://www.zionmarketresearch.com/report/liquid-feed-supplements-market
The global liquid feed supplements market is segmented as follows:
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