FeedingTrends
Starter Feed Market to Increase Rapidly at a Cagr of 7% by 2033
2 months ago
2 min read

Starter Feed Market to Increase Rapidly at a Cagr of 7% by 2033

Worldwide sales of starter feed are expected to reach $30.4 billion in 2023, with a CAGR of 7% through 2033. The global starter feed market is expected to generate $59,9 billion by the end of the forecast period (2023-2033).

Starter feed is used to acclimatize young animals to solid feed consumption. It also aids animals in better absorption of feeds consumed later in their lives. Starter feed is typically composed of nutritional ingredients that are critical to an animal's early development and are also responsible for establishing a good animal health foundation.

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Key Companies Profiled

  • 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

Positive Investment Flows to Expand Product Portfolio and Research & Development Initiatives of Stakeholders

A positive flow of investments from pharmaceutical giants is likely to propel the development of Starter Feed  and compounds. For instance, in year 2019, Ginkgo Bioworks, Inc. raised funds of more than US$$ 350 Mn through investments from several investors for the development of Starter Feed . This has helped them increase production capacity.

Market leaders in Starter Feed  such as Noramco, Inc. CannBioRx Life Sciences, Hyasynth Biologicals, Inc. etc are developing Starter Feed  through novel techniques of synthesis. Moreover, these companies are shifting their focus on research and development of molecules through development of strains of microbes and yeast for biosynthesis of synthetic cannabinoid.

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Report benefits & key questions answered

  • Post covid consumer spending on Starter Feed : the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.

  • Starter Feed demand outlook: the market intelligence study reports highlights the factor propelling the demand for Starter Feed . As per the study, the demand for Starter Feed  will grow through 2029.

  • Starter Feed historical volume analysis: FactMR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2019-2029.

  • Starter Feed consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Starter Feed  Market Segmentations:

  • By Product Type

    • Medicated

    • Non-medicated

  • By Nature

    • Organic

    • Conventional

  • By Application

    • Companion Animals

    • Livestock

      • Cattle

      • Poultry

      • Swine

      • Aquaculture

      • Equine

  • By Ingredients

    • Wheat

    • Rice Bran

    • Corn

    • Soybean

    • Oats

    • Others

  • By Form

    • Crumbles

    • Pellets

    • Mash

  • By Regions

    • North America

    • Latin America

    • Europe

    • East Asia

    • South Asia

    • Oceania

    • Middle East & Africa

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