Asia-Pacific Liquid feed market has been estimated at USD 1.32 Billion in 2016 and is projected to reach USD 1.85 Billion by 2021, at a CAGR of 7.1% during the forecast period from 2016 to 2021.
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Liquid feeds are a balanced Protein-Energy supplement that is designed to supply a wide array of rumen-friendly nutrients into the diet. The feeds can be offered according to different palatability's to control the intake of cattle.
Some of the products are furnished with carbon skeleton for the ammonia, to avoid any toxic reactions under normal feeding conditions when the feed is fed.
Technological advancements, increasing awareness, improving financial condition of farmers, and affordability are changing in the developing countries of Asia-Pacific region, which are driving the market for liquid feed supplements in the countries of this region.
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But, there is a huge constraint on the market growth due to the poor economic climate of the countries, where the farmers can hardly afford for advanced products, due to strict regulations on the prices.
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Asia-Pacific market for Liquid feed is segmented into ingredient type, animal type and geography. Each of these are further sub-segmented as follows: Ingredient type- Urea, Phosphoric Acid, Vitamins, Trace Minerals, Fats, Others and Animal type- Ruminant, Swine, Poultry, Aquaculture, Others.
Ruminant is the major consumer segment of liquid feed followed by poultry feed. The most widely used ingredient is Urea in liquid feed market.
Geographically Asia-Pacific market for Liquid feed is segmented into China, India, Japan, Thailand, Vietnam, Australia and others. Asia-Pacific is forecasted to be the fastest growing region due to rising consumption of meat & dairy products and rise in adoption of intensive farming system.
Australia and China are the biggest producers in the region. China is the leading liquid feed consumer in the region, because of increased meat production in the country.
India is the second largest consumer of liquid feed in this region.
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Quality Liquid Feeds and Archer Daniels Midland are the most active companies and adopted research, investment and acquisition as the growth strategy. Other major companies in the Asia-Pacific market include Cargill Inc., Westway Feed Products, Graincro, 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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