In a recent published report, Kenneth Research has updated the market report for Starter Feed Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Starter Feed Market products.
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The global Starter Feedmarket was valued at USD 22.39billion in 2016 and is projected to reach USD 32.99billionby 2025, growing at a CAGR of 7.20% from 2017 to 2025.
Starter feed is a mixture of highly digestible proteins, dairy, probiotics, enzymes, acidifiers and palatability agents. It is one of the highly sought products in the animal feed industry. Growing demand for fortified animal feed is expected to boost demand for starter feed over the forecast period.
1. Market Drivers
1.1 Increase in livestock production to satisfy increased demand for animal-sourced products
1.2 Adoption of precision nutrition technique
2. Market Restraints
2.1 Stagnant livestock production in developing economies
The global Starter Feed market is segmented on the type, livestock, ingredient, form, and region.
1. By Type:
2. By Ingredient:
3. By Livestock:
3.5 Aquatic Animals
4. By Form:
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
2. ACI Godrej Agrovet Private Limited
3. Archer Daniels Midland Company
5. Evonik Industries
6. RoquetteFreres SA
7. Associated British Foods PLC
8. Nutreco NV
9. Charoen Pokphand Foods PLC
10. Purina Mills LLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Starter Feed Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
Access Full Report here – https://www.kennethresearch.com/report-details/global-starter-feed-market/10059188
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