Liquid feed is a blend of raw materials and supplements, obtained from either plants or animals and various industries as by-products, and fed to the livestock. Since long time liquid feed are used by the farmers, but over the period of two decades the industry has developed and innovative products exist in the market as a result of industry-based research. The liquid feed adds value to the overall nutrient intake of animals
The global liquid feed market was USD 5.03 billion in 2018 and is estimated to reach USD 7.41 billion by 2025 at a CAGR of 5.69% during the forecast period
Growth by Region
North America is the major producer and consumer of liquid feed. U.S. is the key market in North America owing to increasing demand for meat products. European market is likely to grow at the CAGR of 4.03% as more numbers of farmers are becoming aware about the benefits of liquid feed which are reduced labour and relatively cheaper availability of nutrients. Asia Pacific will be the fastest growing region owing to growing consumption of meat & dairy products and increase in adoption of intensive farming system. Australia and China are the key producers in the region. The growth in liquid feed equipment industry is anticipated to bring positive trend in Brazil and consequently in South America.
Drivers and Restraints
The major factors driving the market of liquid feed are growing awareness of animal nutrition and increasing concern for animal health, rise in the consumption of meat and meat products. Growing population in emerging countries has increased the demand for production of poultry, aquaculture, swine, and other livestock for consumption which has opened doors for liquid feed market. Besides, regional governments are forming guidelines to standardize meat products to prevent consumers from the outbreak of livestock diseases which is further boosting the growth of liquid feed market. However, the negative impact caused by certain ingredients and rising costs of feed raw materials, which are used to manufacture molasses and additives, is restraining the growth of the market.
Industry Trends and Updates
Urea is the most extensively used supplement in liquid feed and accounts for about 60% of the liquid feed supplement market share. Trace minerals and vitamins are projected to witness the fastest growth rate as the manufacturers are focused on improving the quality of product. Ruminant segment is the chief consumer of liquid feed and accounts for the 58% of the market share followed by poultry feed. Cattle feed is the biggest consumer in ruminant feed industry and accounts for around 90% of the market share. Aqua feed industry is the potential market projected to grow at the fastest CAGR of 4.2% during the forecast period.