Starter feed includes various nutrient-rich ingredients that promotes growth and stimulates digestion in poultry and livestock during the initial growth stages. It contains essential proteins, vitamins, minerals, and amino acids to support metabolic activity and immune function in newborn animals. The global starter feed market is primarily driven by the growing demand for poultry meat and eggs. The poultry farming industry has been expanding at a rapid pace due to consumer preference for protein-rich meat and eggs. The poultry industry relies heavily on starter feed to nurture chicks during the early growth phases.
The global starter feed market is estimated to be valued at US$ 46.55 Bn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The demand for poultry meat and eggs has been growing at an accelerated rate owing to increasing population, changing dietary habits, and rising disposable income in developing countries. Poultry farming produces high-quality meat and eggs more efficiently as compared to other livestock. With the goal of maximizing poultry output and farm productivity, poultry producers are focusing on providing the best quality starter feed to chicks for ensuring optimal growth and development. Recent years have witnessed the development of scientifically-formulated starter feeds containing balanced levels of nutrients tailored to meet the specific nutritional requirements of different poultry breeds and varieties. These specialized feeds promote faster weight gain and higher survivability among chicks.
Segment Analysis
The global starter feed market is dominated by the pellets sub-segment. This is because pellets are easy to store and transport. Pellets are dense and take up less space, making them convenient for farmers and feed producers. Their uniform size and density also allows precise feeding and facilitates their mixing with other ingredients. This consistency in ingredients helpsOptimizers performance and growth rates in animals.
Key Takeaways
The Global Starter Feed Market Demand is expected to witness high growth over the forecast period. Regionally, North America dominates the starter feed market currently due to the strong presence of leading feed producers and organized livestock farming in countries like the US and Canada. However, Asia Pacific is expected to witness the highest growth during the forecast period aided by rising meat consumption in China and India and an increase in specialized feed production.
Regional analysis related content comprises
Asia Pacific is projected to witness significant growth in the starter feed market during the forecast period. This is attributed to increasing demand for animal protein in countries such as China and India. Countries in the region are also focusing on technology adoption and specialization in the feed industry. Furthermore, government support for exports and organized livestock farming is supporting market growth.
Key players related content comprises
Key players operating in the starter feed market are Waters Corporation, PerkinElmer Inc., LabWare Inc., LabVantage Solutions Inc., LabLynx Inc., Thermo Fisher Scientific Inc., Mckesson Corporation, Cerner Corporation, Agilent Technologies, and Abbott Laboratories (Abbott Informatics Corporation), among others.
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