Starter Feed Market Size By Type (Medicated, Non medicated), By Ingredient (Wheat, Corn, Soybean, Oats, Barley, Others), By Livestock (Ruminant, Swine, Poultry [Broiler, Layer, Breeder] Aquatic, Equine), Form, Nature, & Global Forecast, 2023-2032

Starter Feed Market Size By Type (Medicated, Non medicated), By Ingredient (Wheat, Corn, Soybean, Oats, Barley, Others), By Livestock (Ruminant, Swine, Poultry [Broiler, Layer, Breeder] Aquatic, Equine), Form, Nature, & Global Forecast, 2023-2032

Starter Feed Market Size

Starter Feed Market size valued at USD 36 billion in 2022 and is anticipated to exhibit 8% CAGR from 2023 to 2032.

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The rapidly expanding consumption of meat products to match the growing needs of the expanding global population will positively influence the market demand. As per a recent OECD report, the production of meat, inclusive of beef, poultry, and pork across the globe reached 340 million tons in 2021 in comparison to nearly 248 million in 2018. Starter feed is increasingly favored for feeding young animals for ensuring their healthy growth. The growing popularity of pre-starter feed for piglets, broilers, and calves will further augment the industry expansion.

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Concerns over fluctuating raw material costs may restrict product uptake

The rising volatility of the cost of raw materials incurred in the production of starter feed is likely to hamper the market growth. Considering the increasing fluctuations of the raw material prices, several manufacturers are bearing the brunt of maintaining profitability as well as competitively price their products.

Starter Feed Market Analysis

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With respect to ingredient, the starter feed market size from the corn segment is expected to surpass USD 34.8 billion by 2032, attributed to the rising inclination towards non-GMO and organic products along with the growing demand for animal protein.  The inclusion of corn in animal feed helps to improves meat quality while additionally helping in milk production for sheep and cows. Increasing demand for coarse corn among broilers will also push the preference for starter feed.

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The non-medicated starter feed market is slated to exceed USD 53.5 billion by 2032, led by the rising spending capacities on natural and organic products. In recent years, consumers are increasingly focusing on antibiotics among other synthetic additives in animal feed. Hence, the growing influx of new non-medicated starter feeds sourced from natural additives, including herbs, essential oils, and probiotics will add to the market expansion.

Swine starter feed market will grow at a CAGR of 8% through 2032. The surging demand for pork products worldwide has spurred the increasing focus on offering high-quality as well as nutritionally balanced feed for young pigs. As per United Nations Food and Agriculture Organization (FAO), pork is the majorly widely eaten meat worldwide, accounting for 36% of the total meat consumption.

On the basis of nature, the conventional starter feed market share is expected to cross USD 10 billion by 2032, on account of their affordability, accessibility, and standardization. The paradigm shift towards sustainable as well as eco-friendly farming practices along with the changing consumer attitudes are driving several farmers to opt for organic and natural feed options, limiting the demand for conventional products.

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Asia Pacific starter feed market size is poised to depict more than 9% CAGR between 2023 and 2032, owing to the rising rate of urbanization. The booming population in the region has propelled the higher consumption of processed and convenience foods, such as animal protein. As per the USDA (United States Department of Agriculture), India imported nearly USD 33.62 billion worth of processed foods as well as related products from all sources in 2021. The rapidly expanding animal agriculture sector and the consequently surging demand for high-quality starter feed are other factors driving the regional market revenue.

Starter Feed Market Share

Some of the leading companies involved in the starter feed market include

• Archer Daniels Midland Company Nutreco N.V., Purina Mills LLC
• Cargill Incorporated
• Alltech Inc
• BASF SE
• Associated British Foods PLC
• Evonik Industries AG
• ACI Godrej Agrovet Private Ltd
• BRF SA,
• Roquette Freres SA.

These companies are actively developing new starter feeds to cater to the growing livestock demands.

• In September 2022, Cargill launched a new mini-pellet chick feed for promoting chick start during the first 120 hours of the bird’s life.

This starter feed market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments

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Market, By Type

• Medicated
• Non – medicated.

Market, By Ingredient

• Wheat
• Corn
• Soybean
• Oats
• Barley
• Others (sorghum, lupines, peas)

Market, By Livestock

• Ruminant
• Swine
• Poultry
  • Broilers
  • Layers
  • Breeders
  • Others
• Aquatic
• Equine
• Other (pet animals and birds)

Market, By Form

• Pellets
• Crumbles
• Other (mash and grit)

Market, By Nature

• Organic
• Conventional

The above information has been provided for the following regions and countries

North America

• U.S.
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Russia

Asia Pacific

• China
• India
• Japan
• Australia
• Indonesia
• South Korea

Latin America

• Brazil
• Mexico

Middle East & Africa

• South Africa
• Saudi Arabia
• UAE