North America to Grab Lion’s Share in the Starter Feeder Market

In the last few years, the demand for starter feed has been witnessing a significant surge on account of rising demand for meat and poultry products to cater to the growing population. The demand for Atlantic salmon is largely affected by environmental factors, social parameters (e.g. stocking density and hierarchical structures), genetic factors, and nutrition. Salmon, when cultured in freshwater hatcheries under controlled temperature and well-balanced diet, reach the smolt stage (50–80 g) within one year. In line with this, many players in the market have introduced specific starter feed to cater to the nutrient needs required.

Impact of COVID-19

The COVID-19 outbreak has severely impacted the global economy, causing disruption in the supply chain. Governments have imposed lockdown to control the growing prevalence of the pandemic. The prominent players are focusing on changing their business strategies to dodge the COVID-19 impact. In this unprecedented time, the leading players are taking initiatives to maintain a stable feed supply. They are engaging in various partnerships to strive in the market and retain the customers.

Key Highlights

The starter feed market is expected to grow with a CAGR of xx% as it increases feed performance and helps in enhancing the immune system, digestion, and feed consumption
The medicated starter feed segment is projected to hold the highest market share, which is about 45–50%
The pellets form of starter feed segment dominates the starter feed market as it possesses several advantages compared to other forms of starter feed
North America is projected to hold the lion’s share in the starter feed market. Rising demand for meat products and presence of meat processing industries provide an impetus to the regional market growth