Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD5918.5 Million | USD 9732.29 Million | 4.72% | 2021 |
FrequentlyAsked Questions
The global liquid feed market is projected to grow owing to the benefits associated with the planned consumption of liquid feed supplements. Cattle rearing can become difficult if there is a lack of awareness about the patterns associated with various cattle. To rear healthy cattle that can eventually yield desired results like milk production, an effective diet is one of the major ways to achieve this objective.
According to study, the global liquid feed supplements market size was worth around USD 5918.5 million in 2021 and is predicted to grow to around USD 9732.29 million by 2028 with a compound annual growth rate (CAGR) of roughly 4.72% between 2022 and 2028.
The global liquid feed supplements market is projected to witness the highest growth in North America. In 2021, the regional market owned more than 39% of the global market share. The stronghold can be attributed to the high levels of meat consumption in the US, Canada, and Mexico where meat is an extremely common part of daily diet forms.
The global liquid feed supplements market is home to players including Westway Feed Products, Ridley Corporation Limited, Quality Liquid Feeds, Graincorp Ltd., Dallas Keith Ltd, and Cattle-Lac Liquids Inc.
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