Liquid Feed Supplements Market | Industry Development Report 2019
Posted by Arzan Bhesania on July 8th, 2019
Liquid Feed Supplements Market was worth USD 4.33 billion in 2018 and estimated to be growing at a CAGR of 5.6%, to reach USD 5.69 billion by 2023. The market is expected to show significant potential during the mentioned forecasting period. The market continues to gain momentum with the rapid increase in awareness about animal health. Liquid feed supplements are the food substances to provide add which contain protein, minerals and other nutritional elements which are required in the food of livestock. Liquid feed supplements are generally added in the daily food for different animal species such as swine, cattle, chickens, and aquatic animals. They are normally associated with molasses which acts as the carrier medium for provision of energy to the livestock and also increase food palatability
Market Drivers and Restraints:
The major driving factors for the market of Liquid Feed Supplements are rising use of products obtained from livestock, increasing awareness regarding animal health and nutrition given to them, ease of availability of liquid feed supplements and development in research activities in the animal healthcare industry. However, constraints like regulations by agencies and lack of awareness in certain areas are restricting the growth of this market.
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Report segmented as
On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. As of 2016, the Liquid Feed Supplements Market was dominated by Asia-Pacific region. The continuous economic development in this region and rising demand for meat has resulted in increased usage of liquid feed supplements. The gradual increase in livestock population is also leading to the growth of Liquid Feed Supplements market, which is expected to continue in the future years as well.
Important Market Players:
Some of the major companies dominating the market, by their products and services GrainCorp Ltd. (Australia), Cargill, Incorporated (U.S.), Land O’Lakes Inc. (U.S.), Archer Daniels Midland Company (U.S.) and BASF SE (Germany).
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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About the AuthorArzan Bhesania
Joined: June 18th, 2019
Articles Posted: 39
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