Global Starter Feed Market size will witness notable growth throughout 2023-2032. Consistent advancements in animal nutrition are the major factor carving the market growth trajectory. Recent innovations in animal nutrition have increased the formulation of efficient starter feeds that cater to the growing demands of young animals. For instance, in December 2021, BASF, a leading chemical company unveiled the release of its new enzyme product Natupulse? TS, which is available in liquid and powder form. Through this launch, the company aims to deliver efficient solutions to the feed industry.
The overall starter feed market is segmented based on type, ingredient, form, livestock, nature, and region.
Based on ingredient, the market is categorized into oats, soybean, wheat, corn, barley, and others. The starter feed market size from the oats segment will expand through 2032. Rising demand for natural and organic products, attributed to the increasing health awareness will contribute to segment expansion. Moreover, oats are loaded with high amounts of essential nutrients and can be used in various forms in animal feed. Additionally, they are an excellent source of energy and possess low risk of allergies.
With regard to livestock, the industry is segmented into poultry, swine, equine, ruminant, aquatic, and others. The starter feed market share from the poultry segment could be worth over USD 36 billion by 2032. Rising poultry consumption coupled with increasing investments by industry players in poultry diets, will favor market growth. Many industry players are focusing on providing precise nutrition to poultry to cater to their different growth stages, which will drive product demand.
Regarding the form, the market is divided into pellets, crumbles, and others. The starter feed market size from the pellets segment will grow substantially through 2032. High convenience associated with the storage and transportation of pellets makes them a favorable option. Owing to their compact size and durability, pellets significantly enhance feed efficiency and offer improved digestibility. Moreover, they also provide an easy-to-use feed option, which favors their mass adoption.
On the regional front, the North America starter feed industry share will grow at over 7.5% CAGR from 2023 to 2032. Growing investments by the government in animal nutrition are expected to increase the demand for starter feed in the region. In May 2023, the National Institute of Food and Agriculture announced an investment of more than USD 13 million in animal nutrition, lactation, and growth program.