DUBLIN, Oct. 08 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/p4rgkz/global_liquid) has announced the addition of the "Global Liquid Feed Market - By Ingredients, Supplements, Animal Type & Geography- Trends & Forecasts (2015 -2020)" report to their offering.
The global liquid feed market was worth at $925 million at the end of 2013. With increased industrial livestock production the market is forecasted to grow at the CAGR of 3.8% during the forecast period of 2014-2020. The market is forecasted to be worth over $1200 million in 2020.
The major reason behind the growth of the market is increased rate of consumption of meat and meat products. Growth in adoption of intensive farming system in Asia-Pacific region is generating demand for liquid feed. Easy availability of raw materials is helping the manufacturers to maintain steady supply and increase production capacity. However rising costs of feed raw materials which are used to manufacture molasses and additives is restraining the growth of the market.
North America is the largest producer and consumer of liquid feed. U.S. is the major market in North America and holds more than half of the market share. European market is expected to grow at the CAGR of 3.9% as more numbers of farmer are getting aware about the benefits of liquid feed which are reduced labour and comparatively cheaper availability of nutrients. Asia-Pacific is forecasted to be the fastest growing region due to rising consumption of meat & dairy products and rise in adoption of intensive farming system. Australia and China are the biggest producers in the region. The growth in liquid feed equipment industry is expected to bring positive trend in Brazil and subsequently in South America.
Urea is the most widely used ingredient in liquid feed and accounts for around 60% of the market share. Trace minerals and vitamins are estimated to witness the fastest growth rate as the manufacturers are focused on enhancing the quality of product. Ruminant segment is the major consumer of liquid feed and accounts for the 58% of the market share closely followed by poultry feed. Cattle feed is the largest consumer in ruminant feed industry and accounts for around 90% of the market share. Aquafeed industry is the potential market estimated to grow at the fastest CAGR of 4.2% during the period under study.
The major players in the market are Cargill Inc., Quality Liquid Feeds, Archer Daniels Midland etc.
Key Topics Covered:
2. Key Findings Of The Study
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
- Quality Liquid Feeds
- Westway Feed Products
- Liquid Feeds International Ltd.
- Dallas Keith Ltd.
- Performance Feeds
- Cargill Inc.
- Weinfried Farms
- Midwest Liquid FeedS
- Ridley Corporation Ltd.
- CATTLE-LAC Liquid Feed
- Agridyne LLC
- Foster Farms
- Bundaberg Mollases
For more information visit http://www.researchandmarkets.com/research/p4rgkz/global_liquid
Media Contact: Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets