Global Starter Feed Market to Reach $31.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Starter Feed estimated at US$25.2 Billion in the year 2020, is projected to reach a revised size of US$31.2 Billion by 2027, growing at a CAGR of 3.1% over the period 2020-2027.
Medicated, one of the segments analyzed in the report, is projected to record 3.7% CAGR and reach US$19 Billion by the end of the analysis period.
After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-medicated segment is readjusted to a revised 2.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.8 Billion, While China is Forecast to Grow at 5.8% CAGR
The Starter Feed market in the U.S. is estimated at US$6.8 Billion in the year 2020.
China, the world`s second largest economy, is forecast to reach a projected market size of US$6.5 Billion by the year 2027 trailing a CAGR of 5.8% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.3% respectively over the 2020-2027 period.
Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.
Competitors identified in this market include, among others:
- Aci Godrej Agrovet Private Ltd.
- Archer Daniels Midland Company
- Associated British Foods PLC
- Cargill, Inc.
- Charoen Pokphand Foods
- Evonik Industries AG
- Nutreco N.V.
- Purina Animal Nutrition LLC
- Roquette Freres SA
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