The global starter feed market catering to the nutritional needs of young livestock and poultry, is experiencing robust growth, driven by factors such as increasing health consciousness, evolving lifestyles, and rising demand for protein-rich animal products. With an estimated CAGR of 5%, the market is anticipated to surge from US$ 33.34 billion in 2023 to US$ 54.31 billion by 2033.
The demand for starter feed is escalating due to several factors. Firstly, the increasing global population, coupled with urbanization, is driving the consumption of meat, dairy, and poultry products, consequently boosting the need for starter feed to support livestock growth. Moreover, heightened awareness regarding animal health and welfare, along with concerns about food safety, is amplifying the requirement for high-quality and nutritious starter feed products. Additionally, the prevalence of animal diseases and the rising incidence of zoonotic diseases are further fueling the demand for starter feed, especially medicated variants.
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Several factors are contributing to the accelerated growth of the starter feed market. One significant aspect is the adoption of precision nutrition techniques, which are enhancing feed efficiency and supporting optimal animal health. Furthermore, technological advancements in farms, including the utilization of precision agriculture, are driving market expansion by improving feed production processes. Additionally, the increasing demand for organic and non-GMO feed presents new growth opportunities, aligning with consumer preferences for sustainable and natural products.
North America currently dominates the starter feed market and is expected to maintain this pattern of dominance over the projected period. The grounds for the dominance are the growing demand for meat and meat products, as well as the increasing understanding among farmers in this region of the health advantages of starter feed.
Key Takeaways
- In China, the market is expected to reach a value of US$ 14.18 billion by 2033, expanding at a CAGR of 8.9% during the forecast period.
- During the projection period, a CAGR of 2.5% is anticipated for the market in Germany.
- During the projection period, a CAGR of 2% is predicted for the market in Japan.
- The medicated segment is anticipated to register a 5.4% CAGR to reach US$ 33.04 billion by 2033.
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Competitive Landscape:
The top manufacturers of the starter feed market are 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 and others.
Manufacturers of starter feed are concentrating on creating high-quality, nutritionally balanced solutions to suit farmer expectations and assist the development and well-being of young cattle. To increase sustainability and feed efficiency, they are also introducing innovative technology. As the need for animal protein rises globally, many are extending their global reach through alliances and acquisitions. Additionally, a few businesses are spending money on research and development to produce specialized diets for particular animal species and developmental phases.
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Recent Developments:
- In January 2023, with the addition of the United States to their current agreement for the research and sale of feed enzymes, BASF and Cargill confirmed their cooperation.
- In April 2019, Illinois’ new pioneering animal feed factory was officially launched by Archer Daniels Midland Company.
Starter Feed Market Segmentation
By Type:
- Medicated
- Non-medicated
By Ingredient:
- Wheat
- Corn
- Soybean
- Oats
- Barley
- Other
By Livestock:
- Ruminant
- Swine
- Poultry
- Aquatic
- Equine
By Form:
- Pellets
- Crumbles
- Other
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East & Africa (MEA)
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