What is Starter Feed Market Scope?
Starter feed is a specially formulated feed for newly born offspring of livestock. It is critical to provide the newly born livestock with a proper diet, which contains high amounts of protein to ensure enhanced growth. Starter feed contains all the necessary nutrition, including approximately 20–25% protein, which is essential for the growth of all livestock animals. Starter feed also helps improve the immune system of animals, which helps in reducing the cost associated with treatment and medicines.
The Starter Feed market study is being classified by Type (Medicated and Non-medicated), by Application (Companion Animals and Livestock (Ruminants, Swine, Poultry, Aquatic, and Equine)) and major geographies with country level break-up.
Leading players continue to reign supreme in the starter feed market, collectively accounting for over 40% shares, Increased focus on offering value-added products and deliver optimum nutritional value to livestock, has led to Collaboration with research scientists to enhance the starter feed quality, and frequent product launches to appeal to new and potential customers are the key strategies of these players. Online sales platforms continue to remain the mainstay of emerging players to increase their presence in the starter feed market.
Cargill, Inc. (United States), Evonik Industries AG (Germany), Archer Daniels Midland Company (United States), Purina Mills, LLC (United States), Associated British Foods PLC (United Kingdom), Alltecht (United States), Charoen Pokphand Foods PCL (Thailand), Nutreco N.V. (Netherlands), ACI Godrej Agrovet Private Ltd (India) and Roquette Freres S.A. (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Vimala Feeds Private Limited (India), C-Feed AS (Norway), CCPA GROUP (France), Land O'Lakes, Inc. (United States) and Tyson Foods, Inc. (United States).
Analyst at AMA have segmented the market study of Global Starter Feed market by Type, Application and Region.
On the basis of geography, the market of Starter Feed has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America, Europe region held largest market share in the year 2020.
Influencing Market Trend
- Phytobioitics are increasingly gaining interest from livestock starter feed manufacturers, as antibiotic use becomes more and more regulated in the industry.
- Need to Increase Livestock Production to Satisfy Increased Demand for Animal-Sourced Products
- Adoption of Precision Nutrition Technique
- Increase in Animal Feed Production in the European, African, and South American Regions
- Potential in the Poultry Starter Feed Segment, Owing to Increase in Egg Consumption
- Stagnation in Livestock Production in Developed Economies
- Environmental and Health Concerns
Key Target AudienceStarter Feed Manufacturers, Raw Material Suppliers, Potential Investors, End-Use Industry and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Starter Feed market expands?
The Global Starter Feed market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Starter Feed market?
The prominent players of Global Starter Feed market are Cargill, Inc. (United States), Evonik Industries AG (Germany), Archer Daniels Midland Company (United States), Purina Mills, LLC (United States), Associated British Foods PLC (United Kingdom), Alltecht (United States), Charoen Pokphand Foods PCL (Thailand), Nutreco N.V. (Netherlands), ACI Godrej Agrovet Private Ltd (India) and Roquette Freres S.A. (France), to name a few.
3. What are the top priorities to focus for Starter Feed market’s growth?
In this highly competitive & fast evolving Starter Feed industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.