Starter Feed: Market Outlook
The mixture of two or more ingredients and commercially prepared for livestock animals is considered as the starter feed. The starter feed contains essential proteins and amino acids which helps to improve the immune system, feed intake and digestion of the animals. The starter feed is also enriched with additional nutrients like vitamins and minerals, which helps the overall growth of the animals. As the quality of the starter feed increases the frequency of livestock diseases also decreases.
The health concern among the global population is increasing and it is coupled with the increasing awareness about the aids of starter feed is increasing the market demand for starter feed. Starter feed is the emerging substitute to the conventional feed to the poultry animals. The increasing population in the emerging markets also increased the demand for the production of poultry and other livestock animals for consumption. Starter feed is used for various livestock farming like poultry, aquatic, swine, and ruminants. It is widely used in newly hatched chick ages 0-10 weeks to increase protein level up to 20%.
The Increasing Demand for the Livestock Products Drives the Starter Feed Market
The livestock farmers anticipated the increase in demand for the livestock products and also the increasing awareness among them about the starter feed allows them to adopt the precision nutrition techniques. The rise in the disposable income of the consumers and favorable government policies in the animal industry is responsible for the exponential increase in the consumption of starter feed.
The starter feed market is mainly driven by the increasing health concerns which are related to the animals across the globe. The ability of starter feed to provide overall growth and development of the livestock provides it a global status. The sales of the starter feed are also increasing across the globe which is supported by the high nutritional benefits of starter feed. Furthermore, enhancement and new product development coupled with the use of advanced technology are boosting the market globally. Also increasing consumption of meat product is fueling the growth of the starter feed market.
Global Starter Feed Market: Market Segmentation
On the basis of Product Type, the starter feed market has been segmented as,
On the basis of Nature, the starter feed market has been segmented as,
On the Basis of Application, the starter feed market has been segmented as,
On the basis of Ingredient, the starter feed market has been segmented as,
On the basis of Form, the starter feed market has been segmented as,
Global Starter Feed Market: Market Participants
Some of the market participants operating in the global Starter Feed market identified across the value chain includes Alltech Inc., KoninKlijke DSM N.V., Cargill Incorporated, Archer Daniels Midland Company, Evonik Industries AG, Roquette America Inc., BASF SE, Devenish Nutrition, LLC., Green Mountain Feeds, Lowes Pellets & Grain, Inc., NEMO Feed LLC., KalambachFeeds among the other starter feed manufacturers.
Opportunities for Participants in the Starter Feed Market
The poultry farmers are demanding highly digestible plant proteins in their feed variants, so starter feed manufacturers have the opportunities in the purified and highly digestible plant protein starter feed. The increasing demand for the alternatives to the conventional feeds has propelled the manufacturers to explore the natural functional properties of widely sold protein sources. The soy-allergic consumers prefer the meat and eggs from poultry raised on the soy-free diet, due to which the manufacturers are formulating the non-GMO and soy-free starter feed diets
Global poultry farmers use antibiotics for their animals to prevent them from any disease. Nations like the United States has banned the use of antibiotics to raise poultry animals. This has been creating a huge demand for the medicated starter feed for growing livestock babies in the region. This results in the increasing interest of the starter feed manufacturers into Phytobiotics as the use of antibiotics become more and more regulated in the industry. This trend is expected to boost market growth in the forecasted period. The increasing consumer shift towards veganism and vegetarianism, the consumption of livestock-based product has dropped down, which hampers the growth of the Starter feed market.