Pune, 17, May 2024: Stellar Market Research, a Consumer Goods & Services business research firm has published a report on the “Starter Feed Market”. The total market size of the Starter Feed Market was USD 25.2 Bn in 2023 and is expected to grow at 4.4 percent CAGR through the forecast period by reaching nearly USD 34.06 Bn.
Starter Feed Market Report Scope and Research Methodology
Market Size in 2023: USD 25.2 Billion
Market Size in 2030: USD 34.06 Billion
CAGR: 4.4%
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 221
No. of Tables: 127
No. of Charts and Figures: 192
Segment Covered: By Type, Form, and Livestock
Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, and South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Competitive Analysis, Key Players Benchmarking, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players Market Ranking Analysis
The research methodology for the study of the Starter Feed Market begins with outlining research objectives and defining the scope. Data collection involves gathering information from various sources such as industry reports, market databases, and primary research methods like surveys and interviews. Ensuring data accuracy and reliability through validation techniques is essential for meaningful analysis. Subsequently, the gathered data undergoes rigorous analysis using statistical tools, qualitative assessment, and industry expertise to identify market trends, drivers, challenges, and opportunities. Forecasting models are then utilized to predict future market scenarios, including size and growth trajectories. Additionally, a comprehensive technological analysis is conducted to assess the impact of innovations on Starter Feed materials, designs, and manufacturing processes. This comprehensive approach ensures a thorough understanding of the Starter Feed Market landscape.
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Starter Feed Market Overview:
The starter feed market serves as a crucial segment within the broader animal feed industry, catering specifically to the nutritional requirements of young animals, particularly poultry and livestock during their early growth stages. This market is characterized by its significant role in supporting the healthy development and growth of animals, laying the foundation for their future productivity and performance. Key factors driving the growth of the starter feed market include the increasing global demand for meat and dairy products, which fuels the need for high-quality feed solutions to sustain livestock production. Additionally, growing awareness among farmers about the importance of early nutrition in ensuring optimal animal health and performance further contributes to market expansion. Technological advancements in feed formulation and production processes play a vital role in enhancing the quality and efficiency of starter feeds, enabling manufacturers to develop innovative and customized solutions tailored to meet the specific needs of different animal species and production systems. Moreover, supportive government policies and regulations aimed at promoting animal welfare and food safety standards create a conducive environment for market growth.
Starter Feed Market Dynamics:
The increasing global demand for meat and dairy products, driven by population growth, rising incomes, and changing dietary preferences, serves as a primary driver for the expansion of the starter feed market. This demand translates into higher requirements for quality starter feeds to support the growth and development of young animals in poultry and livestock farming. The technological advancements in feed formulation, manufacturing processes, and digitalization play a crucial role in shaping starter feed market dynamics. Innovations such as precision nutrition, genetic improvements, and data analytics enable manufacturers to develop more efficient, nutritious, and customized starter feed solutions tailored to the specific needs of different animal species and production systems. These advancements enhance productivity, optimize feed efficiency, and improve overall animal health and performance, thereby driving market growth. Additionally, regulatory factors and consumer preferences also influence market dynamics. Stricter regulations governing feed safety, quality standards, and antibiotic use in animal feed necessitate compliance measures and innovation in feed formulations. Moreover, growing consumer awareness about animal welfare, health, and environmental sustainability fuels demand for organic, natural, and sustainable starter feed market.
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Starter Feed Market Segmentation Analysis:
By Type
- Medicated
- Non-Medicated
Based on Type, the market is divided into Medicated and Non-Medicated. Medicated witnessed the highest market share in 2023. This trend can be attributed to several factors that underscore the significance and preference for medicated starter feed within the industry. The medicated starter feed is favored for its ability to prevent and control common diseases and health issues prevalent among young animals, particularly in intensive farming systems. Incorporating additives such as antibiotics or coccidiostats, medicated starter feed helps to mitigate the risk of bacterial infections, parasitic infestations, and other health challenges that could compromise animal welfare and productivity. As a result, farmers often opt for a medicated starter feed market to safeguard the health and well-being of their livestock, thereby driving its higher market demand.
By Form
- Pellets
- Crumbles
- Others
Based on Form, the market is divided into Pellets, Crumbles, and Others. Pellets witnessed the highest market share in 2023. Pellets offer several advantages in terms of handling, storage, and feed efficiency. Pelleted starter feed has a compact and uniform structure, making it easier to handle, transport, and store compared to other forms such as crumbles or mash. This characteristic is particularly advantageous for large-scale livestock operations where efficiency and convenience are paramount. Moreover, pellets are known for their improved feed conversion rates and reduced waste. The densification process during pelleting enhances feed digestibility and palatability, resulting in better nutrient utilization and growth performance in young animals. This aspect is essential for maximizing the efficiency and profitability of livestock production systems, driving the preference for pelleted starter feed market growth among farmers.
By Livestock
- Ruminant
- Poultry
- Swine
- Aquaculture
- Others
Based on Livestock, the market is divided into Ruminant, Poultry, Swine, Aquaculture, and Others. Among these, the Ruminant segment emerged as the dominant market share in 2023, capturing the highest market share. This dominance can be attributed to several factors specific to ruminant farming practices and market dynamics. Ruminants, such as cattle, sheep, and goats, constitute a significant portion of the livestock industry, with diverse production systems ranging from extensive grazing to intensive feeding operations. The demand for starter feed in the ruminant segment is driven by the need to support the early growth and development of young animals, ensuring optimal health, performance, and productivity throughout their lifecycle. Additionally, factors such as increasing meat and dairy consumption, rising demand for high-quality livestock products, and technological advancements in ruminant nutrition contribute to the growth and prominence of the ruminant starter feed market. The regulatory frameworks, consumer preferences, and industry trends also play a role in shaping the dominance of the ruminant segment within the starter feed market landscape.
Starter Feed Market Regional Insight:
Asia Pacific region witnessed the highest Starter Feed Market share in 2023 and continues to the dominant during the forecast period. In the Asia-Pacific region, the starter feed market is experiencing significant growth driven by factors such as increasing urbanization, rising disposable incomes, and a growing demand for high-quality protein sources. Cargill's investment in Indonesia, aimed at meeting the country's rising demand for poultry and aquaculture starter feeds, reflects the region's expanding market potential.
Additionally, Vietnam's aquaculture sector showcases a surge in demand for shrimp starter feeds, with companies like CP Group and Vinh Hoan Corporation catering to the specific needs of shrimp farmers. In Japan, feed manufacturers are innovating with advanced formulations to improve the health and performance of young fish, catering to the country's sophisticated aquaculture industry. Furthermore, government initiatives in countries like India, such as the "Blue Revolution" scheme, are driving investments in the livestock and aquaculture sectors, boosting the demand for quality starter feeds from companies like Godrej Agrovet and Avanti Feeds. Asia-Pacific starter feed market, driven by evolving consumer preferences, technological advancements, and supportive government policies.
Starter Feed Market Key Competitors include:
Key Players in the Starter Feed Market
North America
- Cargill Inc. (United States)
- Archer Daniels Midland Company (United States)
- Land O'Lakes Inc. (United States)
- Purina Animal Nutrition LLC (United States)
- Alltech Inc. (United States)
- Kent Corporation (United States)
- Tyson Foods Inc. (United States)
- D. Heiskell & Co. (United States)
Europe:
- Nutreco NV (Netherlands)
- ForFarmers NV (Netherlands)
- De Heus Animal Nutrition (Netherlands)
- Agravis Raiffeisen AG (Germany)
- A-One Feeds (UK) Limited (United Kingdom)
- Biomin Holding GmbH (Austria)
Asia Pacific
- Charoen Pokphand Foods PCL (Thailand)
- New Hope Group Co., Ltd. (China)
- Wen's Food Group (China)
- Ridley Corporation Ltd. (Australia)
- EWOS Group (Norway)
- Kyodo Shiryo Co., Ltd. (Japan)
Key questions answered in the Starter Feed Market report are:
- What is Starter Feed?
- Which market segment held the largest share of the global Starter Feed Market in 2023?
- What are the global trends in the Starter Feed Market?
- What are the upcoming industry applications and trends for the Starter Feed Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Starter Feed Market?
- What growth strategies are the players considering to increase their presence in Starter Feed Market?
- Who are the leading companies and what are their portfolios in the Starter Feed Market?
- What are the major challenges that the Starter Feed Market could face in the future?
- Which region held the largest Starter Feed Market Share in 2023?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Market Size, Share, Size & Forecast by Different Segments| 2023−2030
- Starter Feed Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Starter Feed Market Segmentation– A detailed analysis by Type, Form, Livestock and Region
- Competitive Landscape– Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Stellar Market Research is leading Food and Beverages research firm, has also published the following reports:
Probiotics in Animal Feed Market: Probiotics in Animal Feed Market size was valued at US$ 5.65 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 8.8% through 2024 to 2030, reaching nearly USD 10.21 Bn. Innovation in the feed industry has been a major focus, particularly in the area of additives, where regulatory organizations, such as the European Food Safety Authority (EFSA) and the Food and Drug Administration (FDA), are constantly researching and identifying sustainable feed additives.
Feed Mixer Market: The feed Mixer Market was valued at USD 32.00 Million in 2023. Global Feed Mixer Market size is estimated to grow at a CAGR of 3.9 % over the forecast period. High-quality animal feed is required for good and healthy livestock. This is possible by raising the production output of the feeding mixers.
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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