The starter feed market includes feeds that are given to young animals immediately after weaning to promote strong health and robust growth. Starter feed is formulated to meet the high nutritional needs of young animals and contains optimum levels of nutrients like proteins, vitamins, minerals and medicines. It supports the immune system development and digestive functions of young animals. The global starter feed market is driven by the rising demand for animal meat and protein as populations grow and consumer incomes increase globally. The consumption of meat and other animal proteins is surging in developing countries of Asia Pacific and Latin America, boosting the need for high-quality feed to efficiently produce meat and dairy.

The Global starter feed Market is estimated to be valued at US$ 46.55 Bn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024 to 2031.

Key Takeaways

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.

The starter feed market is growing due to rising consumption of meat and dairy products across the world. Developing countries are seeing rapid urbanization which is fueling the demand for animal proteins. Asia Pacific region especially China and India offer immense growth opportunities due to growing meat consumption in this region.

Technological advancements in feed formulations help enhance the nutrient density and digestibility of feeds. Modern starter feeds contain optimized levels of proteins, fatty acids, vitamins, minerals, and additives which supports healthy growth of young animals. Digitisation of feeding systems also allows real-time monitoring of feed intake for better management.

Market Trends

Customization of feeds - Manufacturers are offering customized Starter Feed Market Growth tailored to the specific breed and rearing conditions. This improves feed conversion efficiency.

Sustainable sourcing - Companies are ensuring sustainable and traceable sourcing of raw materials to meet demands for transparency.

Market Opportunities

Asia Pacific offers huge market potential with growing demand for meat in countries like China and India. Establishing local manufacturing plants can help tackle supply chain issues.

Alternative protein sources - Innovation in feed formulations using alternative/novel protein sources can help cope with increasing feed costs and constrained supplies. This presents lucrative opportunities.

The COVID-19 pandemic significantly impacted the growth of the starter feed market. During the initial months of the pandemic, supply chain disruptions negatively affected the availability of raw materials and finished products. Restrictions on transportation and logistics due to nationwide lockdowns hampered manufacturing and distribution activities. This led to a decline in sales volumes across major markets in 2020. However, with easing restrictions and resumption of operations from mid-2020, the market gradually started recovering.

The nutritional requirement of starter feed remained constant during the pandemic period as poultry and livestock farming activities continued operating to meet food demand. This supported the market to an extent. Vaccination drives and safety protocols helped restore consumer confidence over time. Focus on strengthening immunity through quality nutrition assisted the market in regaining lost momentum. Manufacturers diversified their distribution channels, invested in e-commerce facilities and strengthened regional presence. These initiatives fostered business continuity and accelerated the growth recovery trajectory post-2020.

Looking ahead, continuous initiatives towards digital transformation, enhanced cold chain facilities and regional expansion are expected to propel the starter feed market's growth. Governments across regions are promoting self-reliance in food production. This is likely to boost demand for high-quality animal feeds including starter feed varieties. Adoption of advanced biosecurity protocols would make production and supply chains more resilient against future crises as well. Widespread availability of vaccines and therapeutics offers an optimistic outlook.

The starter feed market in terms of value is concentrated highly in North America and Western Europe. Advancedanimal feed production technologies, stringent quality & safety standards and robust distribution infrastructure have aided market growth. Rising consumption of animal-based food products is a key driver. Asia Pacific is currently the fastest growing regional market for starter feeds due to rapidly expanding livestock industries, favorable government policies and increasing per capita incomes in major countries like China and India.

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