Global Liquid Feed Supplements Market is valued approximately USD 5.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.5 % over the forecast period 2020-2027. Liquid feed supplements, in the form of liquid, contain important elements and factors such as proteins, vitamins , and minerals. For various animal types, such as swine, poultry, cattle, and aquatic animals, liquid feed supplements are normally added to the daily diet. The market is driven by Increased demand for animal products , increased awareness of animal welfare and feed quality , increased availability of liquid by-products from many industries, a solution to poor grazing. The rise in animal care spending in European region is the factor creating a lucrative opportunity for the market growth. The adoption of pets in Europe is growing with a significant pace which is escalating the consumer spending over animal care. According to the report of European Pet Food Industry Federation (FEDIAF),2019, it is estimated that over 85 million European households owns at least one pet animal and the annual turnover for pet food products is USD 24.74 billion. The owner of such animals spends largely on food & care of animals which is creating lucrative opportunity for the market, as autogenous vaccines worked as an immunological veterinary medical product for treating animals by producing active immunity from pathogenic organisms that have been inactivated. As per the report of Animal Health Europe, the total sale of European animal medicines market, total sale of European medicine products was over USD 7.06 billion in 2017 out of which over 60% of sales are comprises of parasiticides & vaccines, 13% of sale is of antimicrobials. However, Regulatory Structure & Interventions, Loss of Synthetic Amino Acids During Storage of Liquid Feeds impedes the growth of the market over the forecast period of 2020-2027.
The regional analysis of global Liquid Feed Supplements Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Increased Availability of Liquid By-Products from Several Industries, A Solution to Poor Pasture. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as Increased Demand for Products Derived from Animals, Rising Awareness About Animal Health & Feed Quality would create lucrative growth prospects for the Liquid Feed Supplements Market across Asia-Pacific region.
Major market player included in this report are:
Archer Daniels Midland Company
Land O’lakes, Inc.
Ridley Corporation Limited
Quality Liquid Feeds, Inc.
Westway Feed Products LLC
Dallas Keith Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Liquid Feed Supplements Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers