Market Overview:
Liquid Feed Market has been expected at USD 5.21 million in 2019 and is estimated to reach USD 6.74 million by 2024 at a CAGR of 5.3% throughout the forecast period from 2019 to 2024. Liquid feed supplements are molasses-based products made to be nurtured to both feedlot and grass-fed cattle, utilizing various preparations based on livestock needs. Liquid feed supplements come in two types: blended liquid supplements and suspension liquid supplements.
Market drivers and restraints:
The elevating plea for animal products like meat and dairy has created high pressure on livestock farmers to enhance the efficiency of livestock. On the other hand, the increasing feed prices are toting to the dilemma of optimizing productivity by keeping expenses minimal, for farmers. Liquid feed supplements are the best option present to minimize dairy farm feed expenses by enhancing feed digestion and feed conversion ratio as it assists in effective supplementation of needed nutrients to livestock.
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Report segmented as:
By type:
Protein
Minerals
Vitamins
others
By source:
molasses
corn
urea
others
By livestock:
poultry
ruminants
swine
aquaculture
Geographical analysis:
Asia-Pacific is estimated to lead the world Liquid Feed Supplements market over the forecast period due to increasing awareness for animal health & feed quality in the region. Europe and North America to capture a major volume share in the Liquid Feed Supplements market resulted from the availability of liquid by-products from several industries in the region. Latin America and the Middle East and Africa are recognized to have an emerging market for liquid feed supplements, which is buoyed by a significant existence of protein effectiveness in price.
Important market players:
The world player for the Liquid Feed Supplements market is Cargill, Incorporated, BASF SE, Archer Daniels Midland Company, Land O’lakes, Inc., Graincorp Ltd., Ridley Corporation Limited, Quality Liquid Feeds, Inc., Westway Feed Products LLC, Dallas Keith Ltd., Quality Liquid Feeds, and Cattle-Lac Liquids Inc.
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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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