Worldwide sales of Starter feed stand at US$ 30.4 billion in 2023 and are forecasted to increase rapidly at a CAGR of 7% through 2033. By the end of the forecast period (2023-2033), the global starter feed market is estimated to attain a revenue of US$ 59.9 billion.
Starter feed is used for young animals to get them adapted to solid feed consumption and it also helps animals enable better absorption of feeds that they consume later in their lifetime. Starter feed is usually made of nutritional ingredients that are crucial to the early-stage Development of an animal and are also responsible for creating a good animal health base.
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Key Companies Profiled
Archer Daniels Midland Company
Purina Mills LLC
Nutreco N.V.
Cargill Incorporated
Roquette Freres S.A.
Evonik Industries AG
Charoen Pokphand Foods PLC
Alltech Inc.
Associated British Foods Plc.
Koninklijke DSM NV
BASF SE
ACI Godrej Agrovet Private Limited
Positive Investment Flows to Expand Product Portfolio and Research & Development Initiatives of Stakeholders
A positive flow of investments from pharmaceutical giants is likely to propel the development of Starter Feed and compounds. For instance, in year 2019, Ginkgo Bioworks, Inc. raised funds of more than US$$ 350 Mn through investments from several investors for the development of Starter Feed . This has helped them increase production capacity.
Market leaders in Starter Feed such as Noramco, Inc. CannBioRx Life Sciences, Hyasynth Biologicals, Inc. etc are developing Starter Feed through novel techniques of synthesis. Moreover, these companies are shifting their focus on research and development of molecules through development of strains of microbes and yeast for biosynthesis of synthetic cannabinoid.
Report benefits & key questions answered
Post covid consumer spending on Starter Feed : the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
Starter Feed demand outlook: the market intelligence study reports highlights the factor propelling the demand for Starter Feed . As per the study, the demand for Starter Feed will grow through 2029.
Starter Feed historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2019-2029.
Starter Feed consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.
Starter Feed Market Segmentations:
By Product Type
Medicated
Non-medicated
By Nature
Organic
Conventional
By Application
Companion Animals
Livestock
Cattle
Poultry
Swine
Aquaculture
Equine
By Ingredients
Wheat
Rice Bran
Corn
Soybean
Oats
Others
By Form
Crumbles
Pellets
Mash
By Regions
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa