Global Liquid Feed Market to Reach $1.4 Billion by 2026
SAN FRANCISCO, Sept. 14, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Liquid Feed – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 1166
Companies: 43 – Players covered include Agridyne LLC; Archer Daniels Midland Company; Bundaberg Molasses; Cargill, Inc.; Cattle-Lac Liquids Inc.; Dallas Keith Ltd.; Foster Farms; Graincrop Limited; Liquid Feeds International; Midwest Liquid Feeds, LLC; Performance Feeds; Quality Liquid Feeds (QLF); Ridley Corporation Ltd.; Westway Feed Products LLC and Others.
Coverage: All major geographies and key segments
Segments: Animal Type (Ruminant, Poultry, Swine, Aquaculture, Other Animal Types); Ingredient (Urea, Phosphoric Acid, Vitamins, Trace Minerals, Fats)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Liquid Feed Market to Reach $1.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Liquid Feed estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2026, growing at a CAGR of 2.8% over the analysis period. Urea, one of the segments analyzed in the report, is projected to record a 2.5% CAGR and reach US$1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Phosphoric Acid segment is readjusted to a revised 3.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $324.6 Million in 2021, While China is Forecast to Reach $274.6 Million by 2026
The Liquid Feed market in the U.S. is estimated at US$324.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$274.6 Million by the year 2026 trailing a CAGR of 5.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR.
Vitamins Segment to Reach US$120.7 Million by the year 2026
In the global Vitamins segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$71.1 Million in the year 2020 will reach a projected size of US$91 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.
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