The latest research study “Cattle Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global cattle feed market size reached US$ 84.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 104.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.28% during 2023-2028.
Cattle feed usually includes a blend of concentrated ingredients, such as vitamins, minerals, molasses, mixers, grains, protein cakes, and agro-industrial by-products in suitable proportions. It is a rich source of omega-3, fibers, acidifiers, carbohydrates, antibiotics, enzymes, antioxidants, etc. In line with this, cattle feed possesses numerous health attributes, such as increased reproductive efficiency, enhanced milk production with better fat content, a balanced diet, etc. It also aids in maintaining optimum body conditions, protecting pellets against infestations caused by insects or molds, preventing muscular disorders, including laminitis and azoturia, etc. Cattle feed is extensively used in the prescribed proportion to promote livestock growth and meet their nutritional requirements. Presently, it is commercially available in pellets, crumbles, mash, and cube forms.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Cattle Feed Market Trends and Drivers:
The expanding dairy sector and the growing consumption of animal-based items, such as milk, egg, meat, etc., owing to their various health benefits, are among the key factors stimulating the cattle feed market. Furthermore, the inflating need for effective gut-friendly feed antibiotics, acidifiers, and phytogenic nutrients to fulfill the dietary requirements of livestock is positively influencing the global market. Apart from this, the rising number of zoonotic and epidemic disease outbreaks among cattle has encouraged livestock farmers to utilize quality premixes for consumption by ruminants and aquatic animals, thereby acting as another significant growth-inducing factor. Moreover, the increasing awareness among leading manufacturers towards several harmful effects of artificial supplements has inclined them to incorporate non-genetically modified organisms (non-GMO) crops, which is expected to fuel the cattle feed market over the forecasted period.
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Cattle Feed Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alltech, Archer Daniels Midland Company, BASF SE, Cargill Inc., Chr. Hansen A/S (Chr Hansen Holding A/S), De Heus Animal Nutrition, DSM N.V, DuPont de Nemours Inc., Evonik Industries AG (RAG-Stiftung), Godrej Agrovet Ltd., J.R. Simplot Company, Kemin Industries Inc. and Kent Corporation.
The report has segmented the market on the basis of ingredient, type and distribution channel.
Breakup by Ingredient:
- Corn
- Soybean Meal
- Wheat
- Oilseeds
- Additives
- Others
Breakup by Type:
- Dairy
- Beef
- Calf
- Others
Breakup by Distribution Channel:
- Offline
- Online
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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