Liquid Feed Market – Trends, Demand, Regional Analysis, Share and Growth Factors to Forecast till 2028
Research Reports
Mar 17, 2022
Liquid Feed Market Report
Liquid Feed is a type of supplement added to animal feeds. The liquid feeds provide nutrition and energy to the animals, help in the proper growth and development of animal tissues, and improve the appetites of the farm animals. In a nutshell, liquid feeds are used to enhance the quality of animal feeds, improve the health of the animals, and prevent livestock diseases
The value of the global liquid feeds market reached USD 7.8 billion in the year 2022 and is estimated to reach USD 107.5 billion in the year 2027. The value of this market surpassed USD 7 billion in the year 2020. The compound annual growth rate of the market in the 2022-2027 period is projected to be 6%.
The rising demand for protein-rich food obtained from livestock such as meat, eggs, and dairy products is driving the growth of the global liquid feed market. Consistent increase in demand for export quality meats encourages farmers to provide liquid feeds to their livestock, thereby fuelling the demand for liquid feeds. The growing demand for poultry, meat, and aquaculture products in developing countries is also leading to the expansion of the liquid feed market. More investments by global and regional manufacturers to develop newer kinds of liquid feeds will boost the growth of this market.
Rising costs of the raw materials used to manufacture liquid feeds are major restraining factors.
Market Segmentation
Based on type, the liquid feeds market is divided into proteins, vitamins, minerals, and others. The protein segment is expected to hold the largest share in the forecast period. This is because proteins are the most important among all nutrients for the growth, development, and regeneration of tissues in animals.
Based on ingredients, the liquid feeds market is categorized into molasses, urea, corn, phosphoric acid, and others. The molasses segment accounts for the largest share in the market and is also estimated to grow at the fastest rate in the forecast period. There are multiple reasons for this dominance such as high palatability, high bioavailability, low cost, and multiple health benefits for the animals.
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On basis of livestock, the liquid feeds market has been divided into poultry, swine, ruminants, and aquaculture. The ruminant segment is expected to dominate the market in the forecast period and is projected to cross USD 52.5 billion in 2027. The second-largest segment is poultry.
Geographical Classification
The global liquid feeds market has been divided into North America, Europe, Asia Pacific, and the rest. North America is the largest market due to the high consumption of meat and the superior capacity of the companies in this region to manufacture liquid feeds. Asia Pacific region is estimated to grow at 7%, while Europe is projected to grow at 5.5% in the forecast period.
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Industry News
- In October 2021, two key manufacturers of liquid feeds, Cargill, and BASF, joined operations to strengthen their market positions in Brazil, Africa, and the Middle East
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