Hyderabad, India -- (SBWIRE) -- 01/29/2018 -- According to a new market research report "Liquid Feed Market by type of ingredient (Urea, Phosphoric Acid, Vitamins, Trace Minerals, Fats, Others ingredients), by type of livestock (Ruminant, Swine, Poultry, Aquaculture and other animals), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", published by MarketDataForecast™, the market is estimated to reach USD 6.08 Billion by 2021 from USD 4.70 Billion in 2016, at a CAGR of 5.3%. Significant rise in the global consumption of meat and growing awareness about the better quality feed act as key drivers behind market growth.

Browse Market Data Tables and Figures spread through 160 Pages and in-depth TOC on "Liquid Feed Market" https://marketdataforecast.com/market-reports/global-liquid-feed-market-409/

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Urea estimated to account for the largest market share in 2021

By Ingredient type, the Liquid Fed Market is categorized into Urea, Phosphoric Acid, Vitamins, Trace Minerals, Fats and others. Urea contributed the largest share in the global market in 2016, and is calculated to retain its top position till 2021. Demand for a better quality of feed providing necessary supplements and antibiotics to the livestock is on the rise.

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The Ruminant segment is expected to dominate the market in 2016
On the basis of Type of Livestock, the market is segmented Ruminant, Swine, Poultry, Aquaculture and others. Ruminant segment of this market is projected to remain the top contributor to the market share till 2021. Liquid feed is utilized to provide livestock nutrition to increase the overall digestive performance and health of the livestock. Consequently it enhances the quality and quantity of meat produced from them.

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North America is forecast to command the largest share of the market till 2021

Geographically global market for Liquid feed is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. North America is the biggest consumer and producer of liquid feed followed by Europe. Whereas, Asia-Pacific market projects the fastest CAGR among all the regions in the segment. Growth is high in the developing countries such as China and India due to rising per capita meat consumption and increasing income levels.

Major companies in the market include Quality Liquid Foods, Cargill Inc., Westway Feed Products, Grain corp. Ltd., Liquid Feeds international, Midwest Liquid Feeds, Cattle-Lac Liquid Feed, Agridyne LLC, Ridley Corporation Ltd, Master feeds and Revering (Australia) Pty Ltd.

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The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
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