Liquid Feed Market Size was valued at USD 69.72 Billion in 2023. The liquid feed market industry is projected to grow from USD 73.76376 Billion in 2024 to USD 109.46 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.06 % during the forecast period (2024 - 2032). Growing awareness of the benefits of liquid feed supplements in improving ruminant animal health and performance, coupled with the need for efficient feed utilization and enhanced livestock production, are the key market drivers propelling the liquid feed market's growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The growing demand for high-quality meat and meat products from health-conscious customers has increased meat production, enhancing the liquid feed market CAGR. The need for liquid feed supplements is rapidly growing to help produce high-quality meat due to benefits such as improved animal digestibility, easier and flexible ingredient addition, and the possibility of fermentation. According to the USDA statistics, overall meat consumption in 2021 was 11,850 metric tons, up from 11,732 metric tons the previous year.
The demand for seafood is constantly increasing as more people become aware of the health benefits of fish intake. Increasing life expectancy, limited land and water resources for animal feed production, and increased use of these resources for food & ethanol production are driving up demand for animal feed in the meat business.
Liquid feed is a byproduct of basic materials derived from plants, animals, or other sources and fed to livestock. The liquid feed comprises minerals, proteins, vitamins, and other nutritional ingredients that aid digestion and stimulate livestock appetite. In addition, liquid feed may assist in tissue growth and development in livestock. Liquid feed is a flowing kind of feed used as a supplement and blended in the animal's dry feed to offer important nutrients and energy to the cattle. The liquid feed suits ruminants, swine, aqua, poultry, and other animals. Furthermore, the liquid feed increases dairy and meat production, which benefits animal farmers.
As a result, there is a rising demand for liquid feed supplements with specific nutrient profiles optimized for different stages of animal development and tailored to the nutritional requirements of specific livestock species. This trend is driven by advancements in research and technology, allowing for more accurate formulation and targeted delivery of nutrients, ensuring that each animal receives the precise nutrients for optimal performance. The increasing concern of the population towards consuming protein-rich foods is fueling the growth of the liquid feed market revenue.
The liquid feed market segmentation, based on type, includes protein, minerals, vitamins, fats, and others. The protein segment dominated the market, accounting for 24.5% of market revenue (16.15 billion). These supplements offer animals vital proteins for their growth, development, and overall health. Protein is an important ingredient that aids in muscle development, milk production in dairy animals, and improving overall feed utilization efficiency. Improving animal performance and meeting livestock nutritional needs drives the need for protein-liquid feed supplements. With a growing emphasis on animal welfare and productivity, the market share of protein liquid feed supplements is likely to stay significant and contribute to the overall growth of the liquid feed industry.
Figure 1: Liquid Feed Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The minerals segment is expected to grow at the fastest CAGR in the liquid feed industry in the coming years. Minerals are essential micronutrients required for various physiological functions in ruminant animals. As livestock farmers strive to optimize animal nutrition and health, the demand for liquid feed supplements containing essential minerals, such as calcium, phosphorus, zinc, and selenium, increases. These minerals are crucial in bone development, immune function, reproduction, and overall animal performance.
Based on application, the liquid feed market segmentation includes ruminant animals, poultry, pigs, fish, and others. The ruminant animals’ category generated the most income (30%). Emerging demand for dairy and meat products has led to an increase in ruminant livestock production. Liquid feed supplements offer various nutritional benefits for ruminant animals. They provide a concentrated source of essential nutrients, including proteins, minerals, vitamins, and energy, which help improve feed efficiency, weight gain, and overall performance. Liquid feed solutions often have enhanced palatability, making them more attractive to ruminant animals.
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American liquid feed market accounted for USD 30.18 billion in 2022 and will likely exhibit a significant CAGR growth in the study period. North America has a robust and well-established livestock industry, particularly beef and dairy production. The region is home to many ruminant animals, such as cattle and dairy cows, which drive the demand for liquid feed supplements to optimize nutrition and productivity.
Further, the major countries studied in the market report are The US, German, Canada, the UK, France, Spain, Italy, Japan, India, China, South Korea, Australia, and Brazil.
Figure 2: Liquid Feed Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe liquid feed market accounts for the second-largest market share. The well-established and diverse European livestock sector, including significant cattle, sheep, and goat populations, creates a strong demand for liquid feed supplements to optimize animal nutrition and productivity. Also, stringent animal welfare regulations and an emphasis on responsible agricultural practices drive the adoption of liquid feed solutions to meet the regional commitment to animal well-being. Further, the German liquid feed market held the largest market share, and the UK liquid feed market was the fastest-growing market in the European region.
The Asia-Pacific Liquid Feed Market will likely grow at the fastest CAGR from 2023 to 2032. One of the major drivers is the rapid regional economic growth, leading to increasing demand for meat and dairy products and subsequently driving the need for improved livestock nutrition. The rising population and urbanization in countries like China and India also contribute to the growing demand for high-quality animal protein, propelling the adoption of liquid feed supplements to enhance ruminant animal health and productivity. Besides, advancements in animal husbandry practices, a shift towards intensive livestock farming, and a focus on sustainable agriculture fuel the demand for liquid feed solutions in this region. Moreover, China’s liquid feed market held the largest market share, and the Indian liquid feed market was the fastest-growing market in the Asia-Pacific region.
Leading market players are making substantial investments in research and development to diversify and expand their product offerings, driving further growth in the industry. These key players are actively undertaking strategic market developments initiative to expand their reach, focusing on introducing new product lines, forming contractual agreements, engaging in mergers and acquisitions, and fostering collaborations with other organizations. The liquid feed industry must offer cost-effective products to meet the needs of livestock farmers efficiently to stay competitive in the growing market landscape.
Producing locally to lower operational costs is one of the key business tactics manufacturers use in the liquid feed industry to benefit clients and increase the market sector. In recent years, the liquid feed industry has offered some of the most significant advantages that address specific nutritional requirements and improve animal health and performance. Major players in the liquid feed market, including Agridyne LLC, Midwest Liquid Feeds, Dallas Keith Ltd, Westway Feed Products, Archer Daniels Midland, Cargill Inc, GrainCorp, and Land O’ Lakes, are attempting to increase market demand by heavily investing in R&D operations.
Archer Daniels Midland (ADM) manufactures, processes, transports, stores, and merchandises agricultural products, commodities, and ingredients. The company manufactures food & beverage ingredients and various goods from oilseeds, corn, wheat, and other agricultural commodities. ADM's product portfolio includes natural flavors & colors, health & nutrition products, vegetable oil, corn sweeteners, flour, and animal feed. It has activities in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. ADM's headquarters are in Chicago, Illinois, in the United States. Archer Daniels Midland (ADM) Company announced plans in December 2020 to phase out dry lysine production in the first half of 2021. ADM Animal Nutrition specializes in l-lysine liquid 50% and encapsulated lysine solutions. Throughout 2020, ADM worked extensively with swine and poultry feed companies to shift to liquid lysine.
Cargill Inc is a major player in the liquid feed sector, well-known for its wide agribusiness presence. The company, founded in 1865, has become one of the world's largest privately held corporations, operating in various sectors such as agriculture, food production, trading, and financial services. Cargill's expertise in liquid feed solutions places them at the forefront of the livestock nutrition industry. Cargill's liquid feed solutions are designed to meet specific nutritional needs at various stages of animal growth. In October 2021, Cargill and BASF SE expanded their partnership in the animal nutrition business. The companies added their R&D capabilities to enhance their market positions in Brazil and the Middle East & Africa Region.
Liquid Feed Industry Developments
December 2021: BASF SE has introduced the new enzyme product Natupulse TS for animal feed. Natupulse TS is an NSP (non-starch polysaccharide) enzyme. Adding ß-mannanase to the diet reduces digesta viscosity, increases digestibility, and provides more sustainable production. Natupulse TS is available in liquid and powder forms. Both formulations exhibit excellent stability under storage, premix, and demanding pelleting conditions.
July 2021: Cargill Inc has announced an investment in Animalbiome, an Oakland, California-based firm that uses cutting-edge microbiome technology to treat canine digestion and skin ailments.
April 2021: Eastman Chemical Company has purchased 3F Feed & Food in Spain, a European pioneer in the technological and commercial development of animal feed and human food additives.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 69.72 Billion |
| Market Size 2024 | USD 73.76376 Billion |
| Market Size 2032 | USD 109.46 Billion |
| Compound Annual Growth Rate (CAGR) | 5.06 % (2024-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Market Competitive Landscape, Revenue Forecast, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, German, Canada, UK, France, Spain, China, Italy, India, Australia, Japan, South Korea, and Brazil |
| Key Companies Profiled | Agridyne LLC, Midwest Liquid Feeds, Dallas Keith Ltd, Westway Feed Products, Archer Daniels Midland, Cargill Inc, GrainCorp, Land O’ Lakes |
| Key Market Opportunities | Increasing production of industrial livestock |
| Key Market Dynamics | Growing awareness of animal nutrition and concerns about animal healthEasy accessibility of liquid by-products |
Liquid feed market Market Highlights:
Frequently Asked Questions (FAQ) :
The liquid feed market size was valued at USD 65.9 Billion in 2022.
The market is projected to grow at a CAGR of 5.06 % over the forecast period, 2024-2032.
North America had the largest share of the market.
The key players in the market are Agridyne LLC, Midwest Liquid Feeds, Dallas Keith Ltd, Westway Feed Products, Archer Daniels Midland, Cargill Inc, GrainCorp, and Land O’ Lakes.
The protein category dominated the market in 2022.
Ruminant animals had the largest share of the market.
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