According to a new study by Fact.MR, the global sales of starter feed surpassed 66,300 thousand tons in 2018. Myriad factors influence the dynamics of the starter feed market, which range from rising end user requirement for highly digestible and clean-label feedstuff, to ban on using antibiotics as growth promoters in animal feed.
The study finds that end-users continue to show a marked preference for medicated starter feed, in light of its ability to prevent animals from developing cocci oocysts, and promote immunity. Starter feed containing amprollium slows the growth of the cocci oocyts, which causes coccidiousis – one of the most common chicken diseases. Although sales of non-medicated starter feed remain low, growing inclination of end users toward getting their livestock vaccinated against prevalent diseases.
According to the study, the tightening ban on using antibiotics in starter feed has led manufacturers to focus more on advances in formulations to enhance the feed conversion efficiency, while minimizing the cost per unit of the product output. Formulation of low-protein diets supplemented with synthetic amino acids is gaining a notable traction in the starter feed market, as a key winning imperative among leading players.
According to the study a key trend complementing the sales of starter feed is the rising demand for favorable alternatives to traditionally-used feedstock. Recent enhancements in processing technology have steered the production of quality and high palatability starter feeds, such as starter feed based on wheat-corn feeding ingredients. Formulation of protein- and rumen-rich starter feeds is a key focus area of manufacturers to capitalize on evolving end-user preferences.
The business intelligence study of the starter feed market covers the estimation size of the market both in terms of value (Mn/Bn USD) and volume (x units). In a bid to recognize the growth prospects in the starter feed market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market. Each segment of the starter feed market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:
- North America
- Latin America
- Europe
- MEA
- East Asia
- South Asia
- Oceania
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The key players in the global starter feed market report consist of
- Green Mountain Feeds
- Devenish Nutrition, LLC.
- Cargill Incorporated
- Archer Daniels Midland Company
- Lowes Pellets & Grain, Inc.
- Alltech, Inc
- Roquette America Inc.
- Evonik Industries AG
- BASF SE
- Koninklijke DSM NV
- NEMO Feed LLC
- Kalmbach Feeds
- Vitalac
Each market player encompassed in the starter feed market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R&D projects, and business tactics. In addition, the starter feed market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.
On the basis of product type, the global starter feed market report covers the footprint, and consumption of the segments including
- Medicated
- Non-Medicated
The global starter feed market covers the demand trends of ingredients which includes
- Wheat
- Rice Bran
- Corn
- Soybean
- Oats
What insights readers can gather from the starter feed market report?
- Learn the behavior pattern of every starter feed market player – product launches, expansions, collaborations and acquisitions in the market currently.
- Examine and study the progress outlook of the global starter feed market landscape, which includes, revenue, production & consumption and historical & forecast.
- Understand important drivers, restraints, opportunities, and trends (DROT Analysis).
- Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.
The starter feed market report answers the following queries:
- Which players hold the significant starter feed market share and why?
- What strategies are the starter feed market players forming to gain a competitive edge?
- Why region is expected to lead the global starter feed market?
- What factors are negatively affecting the starter feed market growth?
- What will be the value of the global starter feed market by the end of 2029?
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