Liquid Feed Market Size
| 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 |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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, at a CAGR of 6.02% during the forecast period (2024-2029).
Ruminants such as cattle, buffalo, sheep, swine, and poultry commonly utilize liquid feed supplements. Driven by rising consumption of animal-based products such as meat, milk, and eggs, and growing livestock populations, the liquid feed market is set for robust growth. For instance, the Food and Agriculture Organization (FAO) reported the global cattle population at approximately 1.5 billion heads in 2023, dominated by major producers Brazil, India, the United States, and China. The swift commercialization of the livestock industry, spanning from feeding to processing, has driven a notable demand for nutrient-rich feed supplements in the region.
Among the ingredients in liquid feed, molasses stands out due to its palatability and energy content. Molasses-based liquid feeds are prized for enhancing ruminant digestion, thereby boosting productivity in cattle and sheep. Another key ingredient, especially in North America, is corn-steep liquor. Corn-based liquid feeds serve as a vital energy source, significantly enhancing weight gain and milk production in livestock. In 2023, the United States led the global corn production, yielding 388.6 million metric tons, marking an 11.7% rise from 348.0 million metric tons in 2022 according to the United States Department of Agricultrue (USDA) increasing the availability of corn to feed industries. Large dairy operations and feedlots, which prioritize energy-dense diets, are notably driving the increased demand for corn-based liquid feed supplements. As livestock populations grow and the demand for essential ingredients like molasses, corn, and urea surges, the liquid feed market is responding. This trend is fueled by a heightened demand for animal products and an increasing emphasis on efficient feed solutions.
Liquid Feed Market Trends
Increase in the Demand for Meat and Aquaculture Products
- The increasing demand for high-quality meat and meat products from health-conscious consumers has driven meat production, consequently boosting the global liquid feed supplement market. The demand for liquid feed supplements is rising due to their advantages, including improved animal digestibility, flexible additive incorporation, and fermentation potential, all contributing to high-quality meat production.
- According to data from the United States Department of Agriculture (USDA), pork was the most produced meat type globally in 2023, accounting for 116.3 million metric tons. Chicken followed with 103.83 million metric tons, while beef production reached 56.96 million metric tons in the same year. Additionally, according to the Economic Research Service of the USDA, beef consumption in the United States increased from 58.9 pounds per capita in 2021 to 59.1 pounds per capita in 2022, with projections indicating a steady rise in the coming years. Liquid feed supplements, containing vitamins, minerals, and additives, support the growth of global livestock production. These supplements are emerging as an economical source of balanced nutrition for livestock due to their cost-effectiveness compared to dry feeds. This advantage stems from the inclusion of by-products from food industries, such as molasses or fats, which are cheaper and readily available. The increase in demand for meat products is driving the liquid feed usage in commercial farms.
- The demand for seafood is increasing as awareness of the health benefits of fish consumption grows. Simultaneously, factors such as increasing life expectancy, limited land and water resources for animal feed production, and the diversion of these resources to food and ethanol production are driving up the demand for animal feed in the global meat industry.
Asia-Pacific Dominates the Market
The Asia-Pacific region dominates global animal feed production and consumption, significantly impacting the liquid feed market. The expansion of industrial livestock production in the region has led to increased liquid feed production capacities in major economies. Countries in the region are propelling the liquid feed market due to shifting consumption patterns towards protein-rich products, including meat. China represents one of the fastest-growing markets, with its Feed Industry Association emphasizing the maintenance of minimum protein levels in livestock feed. Other significant markets in the region include Vietnam, the second-largest pork consumer, and India, which shows potential for liquid feed supplements due to the growing trend of intensive farming systems.
The growth of China's feed industry has attracted global compound feed players such as Archer Daniels Midland (ADM) and Cargill to expand their operations in the country. The United States Department of Agriculture (USDA) reported that China has been driving the United States sorghum exports since 2020. According to the National Sorghum Producer, a soy grower organization in the United States, the surge in demand led by China's animal feed industry was the primary reason for increased sorghum imports in China. Additionally, countries such as Southeast Asia are emerging as the major exporters of feed products. For instance, the Vietnam is emerging as a leader in the production of feed products in the region, driven by the China+1 strategy, positions it as a key destination for business relocation. Therefore, the ideal feed production environment in the region and higher animal feed requirement is driving the liquid feed market in the region.
Liquid Feed Industry Overview
The liquid feed market is highly fragmented, with the presence of many international players and several small players competing with the global giants. The major companies occupying a significant share in the liquid feed market include Archer Daniels Midland Company (ADM), BASF SE, Bundaberg Molasses, Cargill Incorporated, GrainCorp Limited, and others.
Liquid Feed Market Leaders
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Cargill, Incorporated
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ADM
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GrainCorp Limited
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BASF SE
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Bundaberg Molasses
*Disclaimer: Major Players sorted in no particular order
Liquid Feed Market News
- December 2023: ADM has reached an agreement to acquire PT Trouw Nutrition Indonesia, a subsidiary of Nutreco in Indonesia. This acquisition aims to enhance ADM's premix production capabilities, positioning the company to provide localized solutions and customized services in the region.
- November 2023: GrainCorp acquired the Performance Feeds brand from XF Australia, with the acquisition expected to be completed by April 2024. This acquisition will expand GrainCorp's liquid feed capabilities, enhancing its product portfolio and potentially increasing its customer base in Australia's feedlot and grazing sectors.
Liquid Feed Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Popularity of Molasses-Based Feeds
4.2.2 Increase in the Demand for Meat and Aquaculture Products
4.2.3 Cost-Efficiency in Large-Scale Farms
4.3 Market Restraints
4.3.1 Seasonal Variability in Raw Material Supply
4.3.2 Limited Shelf Life and Storage Challenges
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Proteins
5.1.2 Minerals
5.1.3 Vitamins
5.1.4 Other Types
5.2 Ingredients
5.2.1 Molasses
5.2.2 Corn
5.2.3 Urea
5.2.4 Other Ingredients
5.3 Animal Type
5.3.1 Ruminant
5.3.2 Poultry
5.3.3 Swine
5.3.4 Aquaculture
5.3.5 Other Animal Types
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Africa
5.4.5.1 South Africa
5.4.5.2 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 ADM
6.3.2 BASF SE
6.3.3 GrainCorp Limited
6.3.4 Bundaberg Molasses
6.3.5 Eastman Chemical Company
6.3.6 Cargill Incorporated
6.3.7 Dallas Keith Ltd
6.3.8 Land O'lakes Inc.
6.3.9 Alltech
6.3.10 Quality Liquid Feeds Inc.
6.3.11 Midwest Ag Supplements LLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Liquid Feed Industry Segmentation
Liquid feed is a mixture of raw materials and supplements derived from either plants or animals and various sources as byproducts and fed to livestock. The liquid feed market is segmented by type (proteins, minerals, vitamins, and other types), ingredients (molasses, corn, urea, and other ingredients), animal type (ruminant, poultry, swine, aquaculture, and other animal types), and geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts in value (USD) for all the above segments.
| Type | |
| Proteins | |
| Minerals | |
| Vitamins | |
| Other Types |
| Ingredients | |
| Molasses | |
| Corn | |
| Urea | |
| Other Ingredients |
| Animal Type | |
| Ruminant | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Other Animal Types |
| Geography | |||||||
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Liquid Feed Market Research FAQs
How big is the Liquid Feed Market?
The Liquid Feed Market size is expected to reach USD 85.08 billion in 2024 and grow at a CAGR of 6.02% to reach USD 113.97 billion by 2029.
What is the current Liquid Feed Market size?
In 2024, the Liquid Feed Market size is expected to reach USD 85.08 billion.
Who are the key players in Liquid Feed Market?
Cargill, Incorporated, ADM, GrainCorp Limited, BASF SE and Bundaberg Molasses are the major companies operating in the Liquid Feed Market.
Which is the fastest growing region in Liquid Feed Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Liquid Feed Market?
In 2024, the Asia Pacific accounts for the largest market share in Liquid Feed Market.
What years does this Liquid Feed Market cover, and what was the market size in 2023?
In 2023, the Liquid Feed Market size was estimated at USD 79.96 billion. The report covers the Liquid Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Liquid Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Liquid Feed Industry Report
Statistics for the 2024 Liquid Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Liquid Feed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
