The Starter Feed Market is projected to exceed US$ 39 billion by 2028; registering at a CAGR of 4.3% from 2022 to 2028, according to a new research st
The Starter Feed Market is projected to exceed US$ 39 billion by 2028; registering at a CAGR of 4.3% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Starter feed serves as a suitable replacement for the traditional feed used in chicken operations. These feeds are particularly designed for young livestock progeny in order to increase their overall nutritional intake and lower the risk of livestock diseases by enhancing immune function and digestion. The necessity to raise healthy animals for improved meat quality has been prompted by the growing demand for meat and meat products. Additionally, the commercialization of poultry farming in developing nations supports the expansion of the market for beginning feed. The Food and Agriculture Organization (FAO) estimates that 328 million metric tonnes of beef would be produced globally in 2020.
Additionally, consumer preferences for protein-rich foods and supplements as well as an increase in the demand for processed meat products support the need for meat production, which supports the expansion of the starter feed market. However, strict regulatory rules on components in genetically modified feed are impeding industry expansion. For instance, the European Parliament implemented Regulation (EC) No 1830/2003 on genetically modified feed, which demands that these products be approved before being introduced to the market.
The beginning feed market is divided into medicated and non-medicated categories based on kind. Due to these feeds’ capacity to boost immunity and serve as a substitute for vaccines, the market for the medicated category is anticipated to experience rapid expansion. Medicated beginning feed can protect hens from common illnesses like coccidiosis.
Starter meals are utilised to reduce the prevalence of cervical lymphadenitis brought on by Group E streptococci. Due to supply chain interruptions from the COVID-19 epidemic, the starter feed market was particularly hard hit, which led to product shortages and increased pricing. Disrupted supply chains also caused starter feed producers to lose a lot of business, which will lower production in 2020.
Cargill, Incorporated; ADM; Alltech; Charoen Pokphand Foods PCL; Nutreco; Roquette Frères; Purina Animal Nutrition LLC; CCPA GROUP; Tyson Foods, Inc.; Godrej Agrovet Limited; and Nutreco N.V are among the key market players profiled during the study. Several other major companies were also studied and analyzed in this research study to get a holistic view of the starter feed market and its ecosystem.
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