Cattle Feed Market Forecasts to 2028 – Global Analysis By Ingredients (Corn, Oilseeds, Additives), Animal Type (Young Ruminants, Mature Ruminants), Distribution Channel, Application, End User, and By Geography
According to Stratistics MRC, the Global Cattle Feed Market is accounted for $78.17 billion in 2020 and is expected to reach $111.16 billion by 2028 growing at a CAGR of 4.5% during the forecast period. Rise in consumer awareness about the safety of meat and milk products, and rising R&D spending are the major factors propelling the market growth. However, restriction on antibiotic use in developed economies is hampering the market growth.
Animal feed is the food given to home grown creatures, particularly those in the domesticated animals. Cattle feed is a vital element in creature farming and it adds to the larger part cost of the raising animals. Ranchers as a rule attempt to lessen cost for this food by enhancing costly feeds with substitutes, for example, food squander like spent grain from lager fermenting. Creature prosperity is one of the excellent variables that choose the fate of animals industry. Prosperity of creatures is profoundly subject to even wholesome feed. The cattle feed industry is venturing into the market of feed-acidifiers, feed-catalysts, feed-anti-infection agents, and feed-microbial.
Based on ingredients, the additives segment is estimated to have a lucrative growth due to the growing demand from the cattle feed industry as a feed supplement. Some of the most prominently used amino acids in the animal feed additive industry are lysine, methionine, and cysteine. Lysine acts as a building block for protein in the animal body. As animals are not capable of producing this amino acid in sufficient quantity, it is provided through diet or supplementation.
By geography, North America is going to have a lucrative growth during the forecast period due to the easy and abundant availability of raw materials, such as maize and dextrose, in the region is expected to augment the market growth. 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.
Some of the key players profiled in the Cattle Feed Market include BASF SE, Biomin Holding GmbH, DSM, DE HEUS. ALL, Cargill, Incorporated, United Farmers Cooperative, ADM Animal Nutrition, Godrej Agrovet Ltd., Kemin Industries, Inc., Farmer's Grain Company, Land O'Lakes, Inc., Nutreco, Provita Eurotech Ltd, and Van Aarsen International.
• Cereals & Grains
• Protein Meals/Cakes
• Food Wastages
• Agro-industrial by-products
Animal Types Covered:
• Young Ruminants
• Mature Ruminants
Distribution Channels Covered:
• Other Applications
End Users Covered:
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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