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.
Select Competitors (Total 58 Featured):
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.
Select Competitors (Total 58 Featured):
- Aci Godrej Agrovet Private Ltd.
- Alltech
- Archer Daniels Midland Company
- Associated British Foods PLC
- Cargill, Inc.
- Charoen Pokphand Foods PCL
- Evonik Industries AG
- Nutreco NV
- Purina Animal Nutrition LLC
- Roquette Freres S.A.
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Report Attribute | Details |
---|---|
No. of Pages | 391 |
Published | April 2021 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD ) in 2020 | $ 25.2 Billion |
Forecasted Market Value ( USD ) by 2027 | $ 31.2 Billion |
Compound Annual Growth Rate | 3.1% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
1. MARKET OVERVIEW
III. MARKET ANALYSIS
IV. COMPETITION