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

Sat, 06 June 2020 5:56

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.

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Starter Feeder Market?

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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

Key Players

  • Associated British Foods Plc
  • Archer-Daniels-Midland Company
  • Cargill Inc.
  • Purina Mills LLC
  • Evonik Industries AG
  • Roquette Frères S.A.
  • Godrej Agrovet Limited
  • Nutreco N.V.
  • Alltech, Inc.
  • Charoen Pokphand Foods PCL  

Recent Development

  • In May 2018, Evonik a specialty chemical firm opened a new laboratory in Nairobi, Kenya to support its animal nutrition business in the East Africa region

Starter Feed Market: Segmentation

By Type

  • Medicated
  • Non-medicated

By Form

  • Mash
  • Pellets
  • Crumbles

By Livestock

  • Poultry
  • Swine
  • Ruminants
  • Aquatic

By Regions

  • North America 
  • Europe 
  • Asia-Pacific 
  • South America 
  • The Middle-East and Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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