Market Size of Liquid Feed Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 85.08 Billion |
| Market Size (2029) | USD 113.97 Billion |
| CAGR (2024 - 2029) | 6.02 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Liquid Feed Market Analysis
The Liquid Feed Market size is estimated at USD 85.08 billion in 2024, and is expected to reach USD 113.97 billion by 2029, growing at a CAGR of 6.02% during the forecast period (2024-2029).
- The liquid feed market is projected to experience strong development due to an increase in animal-based food product consumption worldwide. Shifting customer dietary habits toward quality dairy products and meat is expected to contribute to the growth of the liquid feed market over the forecast period. The rapidly growing commercialization of the livestock industry (from feeding to processing) has generated significant demand for nutrient-rich feed supplements in the region. The rising demand for animal products such as meat and dairy has put significant pressure on livestock farmers to improve their competence.
- According to the FAO, North America's total number of cattle and buffaloes was 104,847.4 heads, followed by Europe at 115,190.9 heads, South America at 115,190.9 heads, and Asia at 667,687.5 heads, Oceania at 35,010.1 heads, and Africa at 374,461.8 heads in 2021. The region occupies larger animal farms and a huge number of animals. The vast cattle population that requires feed supplements in huge quantities has been driving the market's growth. Therefore, with the rising demand for liquid feed from large-sized farms, the market is anticipated to grow in the coming years.
- With the rising meat consumption worldwide, the liquid feed industry is estimated to witness a huge demand for better-quality meat. According to the FAO, global consumption of meat proteins in the future is estimated to rise by 14% by 2030, compared to 2018-2020, propelled largely by population growth and income. Protein availability from poultry, beef, pork, and sheep meat is expected to grow by 17.8%, 5.9%, 13.1%, and 15.7%, respectively, by 2030.
