Transparency Market Research has published a new research “Liquid Feed Supplements Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024” to their report store.
Albany, NY -- (SBWIRE) -- 02/14/2017 -- Liquid feed supplements are a medium to offer more proteins, trace elements, and minerals to livestock. They are generally molasses-based and designed to feed cattle using different formulations in each case. Originally designed for usage in feedlots, liquid feed supplements are employed in feed formulations for most animal species such as chickens, pigs, dairy, cattle, and in aquaculture. Liquid feed supplements are provided to livestock either in their solidified or liquid form in lick tanks. A typical liquid feed supplement uses molasses as the carrier ingredient, urea as the protein source, and salt. It delivers dietary energy and enhances palatability.
Based on product types, the liquid feed supplements market is segmented into the protein, minerals, and vitamins categories. On the basis of source of feed, the market is divided into the molasses, urea, and corn varieties. Molasses enhance the palatability of the cattle feed. In terms of livestock, feed supplements are classified into the following groups: poultry, ruminants, swine, and aquaculture. There has been significant demand for dairy products over the last few years owing to rising food requirements. With the surge in population, this demand is likely to increase over the forecast period. This, in turn, is anticipated to boost the usage of liquid feed supplements in the ruminants segment. Furthermore, demand for poultry has increased significantly owing to the rising need for it in restaurants and food chain giants such as McDonald's and Burger King. The popularity of poultry-based takeaway foods and packaged food among consumers is likely to fuel the demand for liquid feed supplements owing to their nutritional benefits.
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The global market for liquid feed supplements is likely to be driven by the burgeoning poultry, aquaculture, ruminants, and swine sectors and their extensive consumption in both developed and developing nations. Asia Pacific is projected to be a rapidly expanding region for liquid feed supplements in the next eight years owing to the growing demand from China and India. Latin America and Middle East & Africa have been exhibiting rapid economic growth for the last few years.
Likewise, the U.S. and Europe require poultry and swine to meet the rising demand from different food chains. The escalating population in developing countries coupled with the growing purchase parity of consumers and disposable incomes are anticipated to enhance the utilization of feed supplements in the production of swine, poultry, and aquaculture.
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Increasing demand in food supply is a major reason for poultry, swine, and aquaculture manufacturers to use liquid feed supplements, leading to the market developing at an exceptional rate in the next few years. Companies operating in the feed supplements market are concentrating on emerging economies to tap their vast market potential. Major players in the market are producing effective and efficient products to fulfill the rapidly rising local demands. Considering this prospect, the liquid feed supplements market is likely to expand considerably during the forecast period.
Key companies operating in the global liquid feed supplements market include BASF SE, Cargill Incorporated., Archer Daniels Midland Company, Westway Feed Products LLC, and Quality Liquid Feeds, Inc. Global players such as BASF SE and Cargill incorporated are estimated to strengthen their market positions through competitive pricing and loyalty schemes. Numerous small scale players are also operating in the market across the globe.