Analysis of Starter Feed market covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Worldwide sales of starter feed stand at US$ 30.4 billion in 2023 and are forecasted to increase rapidly at a CAGR of 7% through 2033. By the end of the forecast period (2023-2033), the global starter feed market is estimated to attain a revenue of US$ 59.9 billion.
Starter feed is used for young animals to get them adapted to solid feed consumption and it also helps animals enable better absorption of feeds that they consume later in their lifetime. Starter feed is usually made of nutritional ingredients that are crucial to the early-stage development of an animal and are also responsible for creating a good animal health base.
Meat consumption and high demand for animal-derived food products across the world are anticipated to primarily steer demand for starter feed over the coming years. The growing popularity of fermenting livestock feed, increasing focus on animal health, a paradigm shift toward modern livestock farming techniques, rising per capita disposable income, growing poultry meat consumption across the world, and increasing investments in the development of novel starter feed products are other aspects that could potentially boost market development in the future.
Growing awareness about the importance of protein consumption in younger animals is expected to open up new avenues of opportunities for starter feed companies in the global landscape. The high incidence of animal diseases and growing prevalence of zoonotic diseases are also projected to promote demand for starter feed to ensure optimal animal health. Poultry feed is anticipated to witness high demand owing to the rising consumption of poultry meat and eggs.
Rising incidence of calcium deficiency is also projected to boost the demand for milk and dairy products, which is also expected to have a positive impact on the starter feed demand outlook going forward. Rising awareness of issues associated with low calcium diets is also projected to uplift demand for dairy products and favor starter feed industry development.
However, the rising popularity of veganism and increasing adoption of plant-based diets are anticipated to constrain starter feed sales in the future. High use of harmful ingredients such as antibiotics in animal feed is also projected to inhibit overall market development as people veer toward organic and clean-label food products.
All the crucial factors affecting market development on a regional and global level across the forecast period have been discussed extensively in this updated starter feed research study by Fact.MR, a market research and competitive intelligence provider.
Starter Feed Market Size (2023)
US$ 30.4 Billion
Projected Market Value (2033F)
US$ 59.9 Billion
Global Market Growth Rate (2023-2033)
Key Companies Profiled
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“Innovation & Capital Raise: Prime Focus of Start-ups”
Incoming starter feed manufacturers are focusing on innovation by increasing investments in the R&D sector and are also raising funds to support their business expansion efforts.
“Growing Meat Consumption Projected to Crucially Boost Starter Feed Demand”
Globally, the demand for meat is reaching new heights despite a rising number of people opting for plant-based diets and vegan foods. This trend has bolstered the demand for animal feed on a global scale as food suppliers across the world scramble to benefit from growing meat consumption.
Hence, growing meat consumption is expected to be a primary driver for starter feed market potential and is also projected to augment the demand for other types of animal feed over the next ten years.
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“Implementation of Strict Food Safety Mandates & High Consumption of Meat”
Food safety standards in the U.S. are becoming increasingly stringent and this trend is projected to push livestock farmers to opt for better starter feeds to promote animal health and maintain the quality of animal-derived products.
Increasing awareness regarding the benefits of starter feed consumption, growing demand for beef, poultry meat, and pork, and rising focus on animal-derived protein consumption are other aspects that are slated to steer demand for starter feed in the country over the coming years.
“Growing Imports of Animal Feed to Meet Increasing Demand for Animal-derived Food Products”
Meat and animal-derived food product consumption in Japan has been witnessing an upward trend in recent years and this is expected to be rife over the next ten years as well. But, the country relies majorly on imports for animal feed and this makes it a highly attractive market for new as well as renowned starter feed manufacturers around the world.
Moreover, changing dietary preferences, rising per capita disposable income, and growing demand for pork, beef, and poultry meat are expected to notably boost demand for starter feed in Japan through 2033.
“Presence of Robust Dairy Industry and Growing Popularity of Veganism”
Europe is home to one of the most prominent and lucrative dairy industries around the world and this is anticipated to majorly support shipments of starter feed in several European countries over the next ten years. High production of cheese, growing animal feed production, and increasing consumption of poultry meat are other factors that are slated to influence starter feed sales in European countries such as the United Kingdom, France, and Germany.
On the contrary, the demand for starter feed is expected to be dwarfed by the rising popularity of veganism and the growing adoption of plant-based diets in European countries. All of the aforementioned factors are projected to influence starter feed shipments in the European region over the next ten years.
“Starter Feed in Pellets Form Projected to Exhibit Hike in Sales”
Based on form, the market for starter feed is segmented into pellets, mash, and crumbles.
Pellets are anticipated to remain a popular form of starter feed throughout the forecast period owing to their ease of storage for manufacturers and the preference of farmers for their easy availability and administration. The simple nature of feeding pellets makes them a preferred choice among livestock farmers. The high availability of pellet starter feeds for all types of farm animals is another factor that is projected to uplift the demand for pellet-type starter feed over the coming years.
Prime starter feed suppliers are focusing on launching new products to expand their product portfolio and drive sales potential.
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The global starter feed market accounts for a US$ 30.4 billion valuation.
By 2033-end, worldwide consumption of starter feed is set to reach a market value of US$ 59.9 billion.
From 2023 to 2033, starter feed demand is forecasted to rise at 7% CAGR.
Nature, form, product type, application, ingredient, and region are the key segments detailed in this Fact.MR report.
Medicated feed is anticipated to be the leading segment in this marketplace.
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