Global Starter Feed Market Revenue and Company Share based Model, Trending Forecast 2021-2027

It is difficult to provide the infant livestock with a proper diet, which contains high amounts of proteins and nutrients to ensure proper growth. Starter feed contains all the necessary nutrients, beneficial for all the livestock animals. It is a specially formulated feed for newly born livestock’s addition to this, it also improves the immune system of animals, which reduces the cost associated with their treatments. Also, the increasing demand for meat and up-gradation of poultry farming are the factors that drive the growth of the global starter feed market. However, its high cost may hamper its demand in the coming years.

Market scope and structure analysis:

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2019

Forecast period

2021–2027

Forecast units

Value ($US)

Segments covered

Type, Form, Livestock and Region

Regions covered

North America (U.S, Mexico, and Canada), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

Companies covered

Cargill, Inc. (US), Evonik Industries AG (Germany), Archer Daniels Midland Company (US), Purina Mills, LLC (US), Associated British Foods PLC (UK), Alltecht (US), Charoen Pokphand Foods PCL (Thailand), Nutreco N.V. (Netherlands), ACI Godrej Agrovet Private Ltd (India)

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COVID-19 Scenario Analysis:

Hampered Production Due to Lockdown:

Due to a shortage of manpower, it has hindered the production of starter feed products. The lockdown situation has disrupted the production process as all the major industries are closed.

Logistics:

Due to Covid-19, the supply chain has also been affected. The supply chain has facing problems regarding the transport of goods and the export of goods from one country to another country. It has disrupted the ratio of export and import of goods, thus affecting the starter feed industry to a major extent.

Downfall of Price

As people are avoiding the consumption of meat, fish, and chicken, due to which the wholesale price of chicken had dropped by 70%.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Starter feed market key drivers can be a rise in the consumption of meat products among consumers. The United States offers the starter feed, which is antibiotic-free and medicated, which is favoring its adoption in the country. South Asia is expected to be the high growth market for starter feed.  Major market players are innovating new products to launch to increase their diversity of products.  For example, the United States has initiated a ban on antibiotics usage in the starter feed to enhance feed conversion efficiency. In addition to this, they have also started medicated starter feed to prevent the animals from numerous diseases like cocci oocysts and to increase their immunity.   The unique promotional strategies with effective use of catchy words appeal to a broader customer base, are also complementing the growth of the starter feed market growth in the US. Thus, these efforts prove to be a key drivers for the growth of the starter feed industry.

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Key Segments Covered:

Segments

Sub-segments

Type

Medicated
Non-medicated

Form

Pellets
Crumbles

Livestock

Ruminant
Poultry
Swine
Aquaculture
Others

Key Benefits of the Report:

This study presents the analytical depiction of the global starter feed industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global starter feed market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global starter feed market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global starter feed market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Starter feed Market Research Report:

What are the leading market players active in the starter feed market?
What the current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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