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Starter Feed Market Growth, Trends, and Forecasts 2023–2032

The rising volatility of the cost of raw materials incurred in the production of starter feed is likely to hamper the market growth.

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Starter Feed Market Growth, Trends, and Forecasts 2023–2032

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  1. Starter Feed Market Size to Cross USD 82 Bn by 2032 Global Market Insights Inc.

  2. Overview of Starter Feed Market • The starter feed market valuation is estimated to exceed USD 82 billion by 2032, as reported in a research study by Global Market Insights Inc. The rapidly expanding aquaculture sector worldwide will positively influence the preference for starter feed. The increasing consumption of seafood has resulted in the rising popularity of high-quality starter feeds in aquaculture. As per the OECD-FAO Agricultural Outlook, the food fish consumption across the globe is anticipated to reach 21.4 kg per capita in 2031. The extensive penetration of starter feeds in fish and shrimp farming will further drive the industry trends. • The starter feed market size from the medicated segment is set to grow at 8.5% CAGR between 2023 and 2032. Medicated starter feed are extensively preferred as they help in providing essential nutrients as well as medication to young animals, including chicks, piglets, and calves. The surging rate of population growth and the consequently rising incomes have spurred the higher intake of animal protein, further accelerating the adoption of medicated starter feed. Global Market Insights Inc.

  3. Continue… • The starter feed market size for the ruminant segment will witness 8.2% CAGR during the forecast period. Young calves extensively rely on efficient pre-starter feed for ensuring the smoothest transition from calves to ruminants with stimulated growth. The growth can also mainly be accredited to the thriving demand for meat and dairy products in order to cater to the rapidly rising population. • Starter feed market valuation from the organic nature segment is poised to expand 7.8% CAGR till 2032, due to growing importance on sustainable as well as eco-friendly farming practices has propelled the preference for organic and natural products worldwide. Hence, the rising focus of manufacturers on introducing innovations to meet the rising livestock requirements will contribute to the demand for organic starter feed. For instance, Cargill unveiled Neochicc, a new complete diet in mini-pellet form, comprising essential oils and organic acids for improved gut health and nutrient absorption for broiler and layer chicks. Global Market Insights Inc.

  4. Continue… • Europe starter feed industry will be worth USD 22.3 billion by 2032, owing to the rising development of novel feed options deploying plant-based proteins, inclusive of soy and pea protein. For instance, in February 2023, Evonik introduced its first-ever plant-based feed additive, PhytriCare® IM, for the improved health of sows, laying hens as well as dairy cows. The growing environmental impacts of animal agriculture along with the increasing health benefits of plant-based diets will further augment the preference for plant-based proteins, subsequently adding to the regional market growth. • Notable participants in the Starter Feed market include: Archer Daniels Midland Company, Cargill Incorporated, Nutreco N.V., Purina Mills LLC, Alltech Inc, ACI Godrej Agrovet Private Ltd, BASF SE, Associated British Foods PLC, Evonik Industries AG, BRF SA, and Roquette Freres SA Global Market Insights Inc.

  5. Browse Full Research Report On Starter Feed Market@ https://bit.ly/42Hcf93 Request for a sample of this research report @ https://bit.ly/42rteMi Global Market Insights Inc.

  6. Stay In Touch Website: www.gminsights.com Social Media: Global Market Insights Inc.

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