The Starter Feed Global Market Report 2023, provides comprehensive information on the starter feed market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Starter Feed Global Market Report 2023, the market size is expected to grow from $20.36 billion in 2022 to $32.83 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global starter feed market size is expected to reach $43.01 billion in 2027 at a CAGR of 6.9%.
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Product innovation is a key trend gaining popularity in the starter feed market. Major companies operating in the starter feed market are focused on developing innovative products to strengthen their position in the market. For instance, in September 2022, Cargill Corporation, a US-based food corporation launched an innovative pelletised chick starter feed, Neochicc, to promote chick start in the first 120 hours of a bird’s life. It encourages optimal nutritional digestion and uses exact proportions of protein, carbohydrate, fat, and additives in highly digestible components. Additionally, it contains organic acids and essential oils, which enhance intestinal health and nutrient absorption. This new beginning diet is made to help young chickens reach their genetic potential while consuming feed more effectively.
The starter feed market is segmented:
1) By Type: Medicated, Non-Medicated
2) By Form: Pellets, Crumbles, Other Forms
3) By Ingredient: Wheat, Corn, Soybean, Oats, Barley
4) By Nature: Organic, Conventional
5) By Application: Poultry, Ruminants, Swine, Aquatic, Equine, Other Applications
North America was the largest region in the starter feed market in 2022.
The table of contents in TBRC’s starter feed market report includes:
1. Executive Summary
2. Starter Feed Market Characteristics
3. Starter Feed Market Trends And Strategies
4. Starter Feed Market – Macro Economic Scenario
5. Starter Feed Market Size And Growth
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26. Africa Starter Feed Market
27. Starter Feed Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Starter Feed Market
29. Starter Feed Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Cargill Incorporated
- BASF SE
- Evonik Industries AG
- Archer Daniels Midland Company
- Purina Mills LLC
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players
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