The global Cattle Feed market size is expected to be worth around US$ 96.1 billion by 2027, according to a new report by Vision Research Reports.
The global Cattle Feed market size was valued at US$ 74.7 billion in 2019 and is anticipated to grow at a CAGR of 3.1% during forecast period 2020 to 2027.
Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/35935
Cattle Feed Market Size, Share, Growth, Trends, Company Analysis, Regional Insights and Forecast 2020 – 2027 – Breakdown Data by Regions, Type, Manufacturers and Applications
Growing concerns of farmers regarding the yield and cattle health have resulted in high demand for high-quality ingredients and additives across the globe. According to the Veterinary Feed Directive (VFD), antibiotics in feed without a prescription from VFD should be avoided owing to infectious agents present in them.
Thus, as a replacement, ingredients like ionophores, prebiotics, probiotics, and enzymes are used as feed additives. Ionophores like Rumensin and Bovatec improve feed efficiency and reduce the risk of bloat and acidosis. XPC, Fermenten are some of the major products used to enhance productivity, minimize infections, and provide better immune to cattle. Thus, the cattle feed segment has tremendous growth opportunities due to a rise in the customization of meat and dairy products.
The Asia Pacific emerged as the leading regional market in 2019 due to increasing demand from emerging economies, especially China and India. Increasing government efforts in India focusing on productivity enhancement in cattle and Bringing Green Revolution to Eastern India (BGREI) will positively influence the product demand. Moreover, population growth in India is resulting in increased milk & meat consumption in the country. These factors will lead to a high requirement of processed dairy products, thereby triggering higher feed requirements.
Corn was the leading ingredient segment in 2019 and accounted for more than 24.0% of the global revenue share. Major grain manufacturers, such as Cargill, Inc. and BASF SE, are integrated along the value chain to provide feed ingredients and serve as a comprehensive supplier to manufacturers and reduce sourcing and logistics costs. Few companies, such as Charoen Pokphand (CP) and Alltech, are also integrated backward to produce raw materials (feed grains) and end products to cut down on raw material costs.
Increasing consumer awareness regarding the disease caused in livestock animals, including foot & mouth diseases, has raised concerns regarding meat quality and safety, which has prompted the use of quality feed ingredients. Overlapping demand for major grains, such as barley, maize, and wheat, from other commercial applications, such as biofuel and food industries, is expected to restrain the market growth over the forecast years. However, in current times, there has been a significant rise in partnerships and M&A among market participants, enhancing the brand portfolio, gaining access to regional markets, and providing appropriate benefits, which is estimated to trigger the product demand.
The dairy segment accounted for more than 53% share of the global revenue in 2019. The United Nations Food & Agriculture Organization (FAO) projected an increase of 54% in dairy products and 70% in beef products by 2050. The segment’s growth can be attributed to increasing demand for dairy and milk products in the emerging economies, thus resulting in the augmented industrialization of cattle rearing.
North America led the market and accounted for over 33% share of the global revenue in 2019. Growing meat consumption, mainly in the U.S., coupled with stringent regulations regarding meat quality, is expected to drive the regional market over the forecast years. Furthermore, easy and abundant availability of raw materials, such as maize and dextrose, in the region is expected to augment the market growth. Asia Pacific is estimated to register the fastest CAGR from 2020 to 2027. Emerging economies like China and India are witnessing rapid growth in cattle inventory since the last decade due to a high population and a significant rise in meat consumption. This has resulted in higher demand for cattle feed in the region.
- BASF SE
- Cargill, Incorporated
- ADM Animal Nutrition
- Kemin Industries, Inc.
- Biomin Holding GmbH
- Land O’Lakes, Inc.
- Farmer’s Grain Company
- United Farmers Cooperative
- DE HEUS. ALL
- Godrej Agrovet Ltd.
- Ingredients Outlook
- Soybean Meal
- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin E
- Amino Acids
- Feed Antibiotics
- Feed Acidifiers
- Feed Enzymes
- Application Outlook
- Regional Outlook
- North America
- The U.S
- The U.K.
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- North America
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/35935 or call: +1 9197 992 333