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Molasses based liquid feed market accounted for the largest share and exceeded USD 21.05 billion in 2020 and is anticipated to show a CAGR over 5.5% over the coming years. Molasses is highly effective in raising herd milk yields of dairy cows on simple low-cost silage and cake system with minimum cost in terms of investment. Additionally, the high palatability of molasses feeds makes them an ideal supplement for animal feed and helps enhance the nutritive value of feed.
Furthermore, molasses is one of the cheapest and low-cost energy supplements offered for cattle especially in areas near sugar mills. Fortified molasses can address protein deficiencies, while also supplying an energy supplement when properly mixed with urea, and with or without protein meal, Molasses is suitable for inclusion in the diets of all ruminant livestock and offer cost effective way to increase the palatability of feed and contribute towards good levels of energy and protein.
Liquid feed market demand from ruminant livestock is expected to surpass USD 52.5 billion 2027. Liquid feeding has many advantages such as it can be easily digested and ideal ingredients that can be added to products such as cereal and maize feed of ruminants. In addition, it is believed that liquid feed supplements help enhance the nutrient value in ruminants. For instance, urea as an indirect source of protein in admixture with nutrients such as molasses, various sugars, alone or in combination with inert carriers.
Moreover, ruminants play an important role in sustainable agriculture. The land that is unsuitable for farming becomes more productive in nature with ruminants. Therefore, the farmers are more concern towards the diet of ruminates, where liquid feed supplements are given to ruminants to enhance their digestive health, enhance immunity and maintain the good health.
North America liquid feed market was valued at over USD 21.7 billion in 2020 and expected to witness a CAGR of over 5% in the forecast period. The occurrence of various food chains and quick service restaurants along with change in eating habits of consumer led to increase in consumption of meat in North America region. Additionally, surging demand for high quality meat and meat products owing to increasing canned and frozen food consumption particularly in developed regions is likely to favor regional industry outlook.
Moreover, massive investments in R&D for product innovation from meat and meat-based products may contribute towards the regional industry expansion. Major companies are investing in new product launches for local & international markets. Additionally, Mexico is one of the leading feed manufacturing countries around the world that support the high demand for liquid feed. An increase in domestic consumption, the advent of new technologies, and the incorporation of healthy ingredients in animal feed are the key factors influencing the market growth for liquid feed in North America.