The global Cattle Feed and Feed Additives Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Cattle Feed and Feed Additives market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that cattle feed and feed additives market was valued at USD 69.43 billion in 2021 and is expected to reach the value of USD 92.85 billion by 2029, at a CAGR of 3.70% during the forecast period of 2022-2029.
Top Companies in the Global Cattle Feed and Feed Additives Market:
Dow (U.S.), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), DuPont (U.S.), Evonik Industries AG (Germany), NOVUS INTERNATIONAL (U.S.), Alltech (U.S.), Associated British Foods plc (U.K.), Charoen Pokphand Foods PCL (Thailand), Cargill, Incorporated (U.S.), Nutreco (Netherlands), ForFarmers. (Netherlands), De Heus Animal Nutrition (Netherlands), Land O'Lakes (U.S.), Kent Nutrition Group (U.S.), J. D. HEISKELL & CO. (U.S.), Perdue Farms (U.S.), SunOpta (Canada), Scratch and Peck Feeds (U.S.), De Heus Animal Nutrition (Netherlands), MEGAMIX (Russia)., among others.
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Market Segmentation:
Cattle feed and feed additives market is segmented on the basis of application, ingredients and type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Dairy
- Beef
- Calf
Ingredients
- Corn
- Soymeal
- Wheat
- Other Oilseeds and Grains
Additives
- Vitamins
- Minerals
- Amino Acids
- Acidifiers
- Antibiotics and Antioxidants
- Enzymes
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
North American region has a large number of market shares because of increased human population, rising per capita incomes, switching technologies, availability of new practises like urea, addition to roughage to increase digestibility within cattle, and varying tastes which increases demand for the market growth of the cattle feed and feed additives Market.
Asia-Pacific is widely recognized as highest growing region in terms of cattle feed and feed additives market share. Dairy products have gained traction in Asian countries as a result of increased demand of dairy products. Some key macroeconomic factors, such as increase in per-capita income, also contribute significantly to the overall growth of the cattle feed and feed additives market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Market Dynamics
Drivers
- Nutritional benefits
The compound cattle feed and feed additives not only improves performance and meets cattle’s' daily needs, but it also protects them from muscular disorders such as laminitis and azoturia. Even without a gallbladder, cattle’s require dietary fats to perform well. Cattles can digest dietary fats, which have nutritional benefits such as increased vitamin absorption, omega-6 and omega-3 fatty acids, and so on. The growing demand for comprehensive cattle nutrition is driving the demand for cattle feed and feed additive market.
- Expansion of dairy and airy products industry
The cattle feed and feed additives industry is rapidly expanding as milk producers begin to replace traditional cattle feed and feed additives with more nutritionally balanced compound feed, realising the tangible benefits of nutritional feed in terms of yield improvement. Furthermore, population growth and rising living standards, the livestock industry has been forced to adapt and expand in order to meet society's expectations by providing nutritious animal feed to livestock animals. As a result, this factor benefits the growth of the cattle feed and feed additives market.
Opportunity
- Precision Nutrition
The increased emphasis on precision nutrition may provide an opportunity to accelerate market growth. Cattle Feed and Feed Additives market growth may be boosted by investments and funds made by government authorities and organisations in the agriculture sector.
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