Starter Feed Market Size
Starting Feed Market size valued USD 36 billion in 2022 and expected to show 8% CAGR from 2023 to 2032.
To get key market trends
The market demand will be favorably influenced by the fast increasing consumption of meat products to fulfill the rising wants of the worldwide population. Comparatively to over 248 million in 2018, the global meat production—including beef, chicken, and pork—performed according to a recent OECD estimate at 340 million tons in 2021. Young animals are fed starter feed more and more since it guarantees their healthy development. Pre-starter feed for piglets, broilers, and calves's increasing popularity will help to drive market growth even further.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Starter Feed Market Size in 2022 | USD 36 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 8% |
| 2032 Value Projection | USD 82 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 400 |
| Tables, Charts & Figures | 415 |
| Segments covered | Type, Ingredient, Livestock, Form, Nature |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Concerns over fluctuating raw material costs may restrict product uptake
The market development is probably going to be hampered by the increasing volatility of the cost of raw materials used to produce starting feed. Given the rising swings in the cost of raw materials, various companies are mostly responsible for keeping profitability as well as for competitive pricing of their goods.
Starter Feed Market Analysis
Learn more about the key segments shaping this market
Regarding ingredients, the size of the starting feed market from the maize segment is predicted to exceed USD 34.8 billion by 2032, driven by expanding demand for animal protein and increasing inclination toward non-GMO and organic products. Including maize in animal feed not only helps with milk generation for sheep and cows but also helps to enhance meat quality. Growing demand for coarse corn among broilers will also affect the preferred beginning feed.
Learn more about the key segments shaping this market
Rising spending capacities on natural and organic products would help the non-medicated starting feed industry to reach USD 53.5 billion by 2032. Consumers are paying more and more attention in recent years on antibiotics among other synthetic additions for animal feed. Therefore, the increasing flow of fresh non-medicated beginning feeds derived from natural additives like as probiotics, essential oils, and herbs would contribute to the market development.
Market for starting feed for pigs will expand at a CAGR of 8% till 2032. The growing international demand for pork products has driven more attention on providing young pigs with nutritionally balanced as well as premium feed. With 36% of all meat consumed worldwide, pig is the most often consumed meat according United Nations Food and Agriculture Organization (FAO).
Based on nature, the traditional beginning feed market share is predicted to cross USD 10 billion by 2032 on account of their affordability, accessibility, and standardization. Several farmers are choosing organic and natural feed options, therefore restricting the market for conventional products, driven by the paradigm shift towards sustainable as well as environmentally friendly farming techniques together with shifting customer views.
Looking for region specific data?
Asia Pacific starter feed market size is poised to depict more than 9% CAGR between 2023 and 2032, owing to the rising rate of urbanization. The booming population in the region has propelled the higher consumption of processed and convenience foods, such as animal protein. As per the USDA (United States Department of Agriculture), India imported nearly USD 33.62 billion worth of processed foods as well as related products from all sources in 2021. The rapidly expanding animal agriculture sector and the consequently surging demand for high-quality starter feed are other factors driving the regional market revenue.
Starter Feed Market Share
Some of the leading companies involved in the starter feed market include
- Archer Daniels Midland Company Nutreco N.V., Purina Mills LLC
- Cargill Incorporated
- Alltech Inc
- BASF SE
- Associated British Foods PLC
- Evonik Industries AG
- ACI Godrej Agrovet Private Ltd
- BRF SA,
- Roquette Freres SA.
These companies are actively developing new starter feeds to cater to the growing livestock demands.
- In September 2022, Cargill launched a new mini-pellet chick feed for promoting chick start during the first 120 hours of the bird’s life.
This starter feed market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments
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Market, By Type
- Medicated
- Non – medicated.
Market, By Ingredient
- Wheat
- Corn
- Soybean
- Oats
- Barley
- Others (sorghum, lupines, peas)
Market, By Livestock
- Ruminant
- Swine
- Poultry
- Broilers
- Layers
- Breeders
- Others
- Aquatic
- Equine
- Other (pet animals and birds)
Market, By Form
- Pellets
- Crumbles
- Other (mash and grit)
Market, By Nature
- Organic
- Conventional
The above information has been provided for the following regions and countries
North America
- U.S.
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- South Korea
Latin America
- Brazil
- Mexico
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
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