Starter Feed Market worth 29.15 Billion USD by 2022
The global market for starter feed was valued at USD 21.45 Billion in 2015; this is projected to grow at a CAGR of 4.57% from 2016, to reach USD 29.15 Billion by 2022.
Browse 85 market data tables and 64 figures spread through 157 pages and in-depth TOC on "Starter Feed Market - Global Forecast Up to 2022"
Download PDF Brochure:
Early buyers will receive 10% customization on reports.
The market is driven by factors such as the need to increase livestock production to cater to the growing demand for animal sourced products, and adoption of precision nutrition techniques.
The medicated starter feed segment is projected to grow at a higher CAGR from 2016 to 2022. Medicated starter feed is fed when the livestock is not vaccinated. It helps to administer authorized veterinary medicines to the livestock and works as to complement other forms of administration such as injection, in-water, tablet or drench.
Speak to Analyst:
The oats segment is projected to grow at a significant rate during the forecast period.
The oats segment is projected to grow at the highest CAGR from 2016 to 2022. Oats are easier to feed to animals than other grains and are used in poultry feed, primarily because of their high fiber content and beta-glucans.
The poultry segment was the largest in 2015, and is projected to be the fastest-growing from 2016 to 2022.
The starter feed for poultry is a balanced nutritional formulation and helps the poultry population during initial growth stage to get accustomed to solid diet. It also contains coccidiostat, which helps in the treatment of coccidiosis in young chicks.
The pellet segment is projected to grow at a significant rate during the forecast period.
On the basis of form, the pellet segment was the largest in 2015; this is projected to grow at the highest CAGR from 2016 to 2022. It is easy to feed to the animals, easy to store and it the most common preference by the backyard chicken farmers.
The Asia-Pacific region is projected to grow at a significant rate from 2016 to 2022.
The Asia-Pacific market is projected to grow at the highest CAGR during the forecast period. The region is heterogeneous, with diversity in income levels, technology, and demand for better quality feed to livestock, leading to enhanced scope for future growth.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies such as Cargill, Incorporated (U.S.), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Evonik Industries AG (Germany), and Koninklijke DSM NV (Netherlands).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.