The liquid feed market is expected to grow substantially by 2027 owing to increased production of industrial livestock. In addition, surging availability of liquid byproducts from other industries is likely to further spur market growth over the forecast period.
Recently, industry players have been implementing numerous strategies, including product development and innovation, and others, to gain a competitive edge in the sector, which has fostered market outlook. For instance, in November 2021, Archers Daniel Midland, a key provider of liquid feed, announced the opening of its new animal nutrition lab situated in Rolle, Switzerland. The new lab was designed to aid the development of science-based feed additives to fulfil customer needs for aquaculture, petfood, and livestock species across the globe.
The liquid feed market has been segmented on the basis of ingredient, livestock, and region. In terms of ingredient, the market has been divided into molasses, corn steepwater, whey, solubles, supplements, and others. The corn steepwater segment is projected to reach a valuation of over USD 24.1 billion by 2027, progressing at a CAGR of approximately 6.1% over the forecast period. The whey segment is estimated to witness considerable growth to be worth more than USD 26.4 billion by 2027. The solubles segment is slated to see significant growth at about 6.3% CAGR through the review timeline.
Under supplements, the liquid feed market has further been divided into urea, phosphoric acid, vitamins, trace minerals, fats, and others. The urea segment size is expected to reach over USD 1.47 billion in revenue by 2027. The phosphoric acid segment holds a sizable share in the market and is anticipated to register a CAGR of approximately 6.5% over the analysis timespan. The vitamins segment is set to surpass a valuation of USD 550,000 billion by the end of 2027, growing at nearly 7.0% CAGR through the study timeframe.
Based on livestock, the liquid feed market has been bifurcated into ruminant, poultry, swine, aquaculture, and others. The swine segment is estimated to be valued at about USD 16.3 billion by 2027, delivering steady progress through the forecast timeline. The others livestock segment is projected to garner a valuation of around USD 6.8 billion by 2027, recording a CAGR of above 6.2% over the assessment period.
From the regional point of view, the Latin America liquid feed industry is speculated to amass notable gains to be worth over USD 13.12 billion by 2027. Meanwhile, the Middle East and Africa liquid feed market size is likely to exceed USD 7.50 billion in revenue by 2027, growing at a CAGR of nearly 6.4% through the forecast period.