Search

Global Cattle Feed Market Is Expected to Reach USD 78.60 Billion by 2028 - GlobeNewswire

krotoson.blogspot.com

Newark, NJ, June 04, 2021 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, the global cattle feed market is expected to grow from USD 65.79 billion in 2020 to USD 78.60 billion by 2028, at a CAGR of 2.25% during the forecast period 2021-2028

Certain factors are boosting the growth of the global cattle feed market. Some of them include the industrialization of cattle products like dairy & meat products, growing consumer awareness towards the safety of milk & meat products with the nutritional content of the food, increasing disposable income, and rising demand for “Raised Without Antibiotics” production. However, as milk producers have started replacing conventional animal feed with the more nutritionally balanced cattle feed, the cattle feed industry is experiencing rapid growth. And, they have realized the tangible benefits of nutritious feed in terms of yield increase. According to the Food and Agriculture Organization (FAO), Livestock goods contribute about 40 percent of total agricultural production to global sales & are rising faster than any other sub-sector of agriculture.

Animal feed is the food that is provided to domestic animals, mainly livestock feed. Livestock feed is a very significant factor & contributes to the majority of raising animals in animal agriculture. Animal health is one of the key factors determining the future of the livestock industry. Animal health is highly dependent on nutritional feed that is well balanced. Cattle feed comprises vitamins, grains, cakes, and mineral mixtures which act as a rich source of vitamins, minerals, protein, and energy. Mineral pack and Vitamin A products like Availa-4, 20-10 Plus Mineral are primarily used to improve immune function, reproduction, and vision and reduce cattle’s deficiencies. Cattle feed widely comprises silage, legumes, fodder, and grass and include dry & hay forages.

DOWNLOAD FREE SAMPLE REPORT AT https://www.fiormarkets.com/report-detail/419481/request-sample

The global cattle feed market is expected to witness significant growth due to the rising demand for feed to add nutritional value and increase the cattle’s efficiency. However, the consumption of cattle protein is a dietary need of the consumers, especially the millennial population. The preference is more on high protein consumption rather than vegetables & any other type of protein. Cattle protein intake contributes to muscle enhancement issues. Thus, the cattle feed market is growing because people are consuming more animal protein diets, leading to a demand for cattle food products, which leads to the expansion of the cattle feed market. The factors restraining the market growth are the regulatory policies that are stringent & time-consuming. Monitoring mycotoxin contamination in cattle feed is a challenge for the market. The beef cattle industry contributes ingrowth of developed countries significantly, leading to more opportunities for the market. Additionally, in the Asia-Pacific region, China, a major supplier of maize and soybean, has caused disruptions for global feed producers because of its draconian measures imposed to curb the Covid-19 pandemic.

Key players operating in the cattle feed market include Kemin Industries, Inc., Cargill, Farmer's Grain Company, Biomin Holding GmbH,   Incorporated, DSM, BASF SE, United Farmers Cooperative, Godrej Agrovet Ltd, DE HEUS ALL, Nutreco, ADM Animal Nutrition, Kemin Industries, Inc. To gain a significant market share in the global cattle feed market, the key players are now focusing on adopting product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.

The dairy cattle segment dominated the market and held the largest market share of 36.04% in 2020.

Based on application, the global cattle feed market is segmented into calves, beef cattle, and dairy cattle. The dairy cattle segment dominated the market and held the largest market share of 36.04% in 2020. This growth is attributed to the growing demand for milk and dairy products in the emerging economies, resulting in the augmented industrialization of cattle rearing.

The corn segment dominated the market and held the largest market share of 55.12% in 2020.

Based on ingredient type, the global cattle feed market is segmented into additives and corn.  The corn segment dominated the market and held the largest market share of 55.12% in 2020. This growth is attributed to the major grain manufacturers, such as BASF SE and Cargill, Inc, which are integrated along the value chain to provide feed ingredients & serve as a comprehensive supplier.

Browse full report with TOC at https://www.fiormarkets.com/report/cattle-feed-market-share-size-trends-analysis-419481.html

Regional Segment Analysis of the Cattle Feed Market

  • North America (U.S, Canada, Mexico)
  • Europe (Germany, France, U.K, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • Latin America (Brazil, Argentina)
  • The Middle East and Africa (South Africa, UAE, Saudi Arabia and the Rest of MEA)

Based on geography, the cattle feed market has been classified into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America held the largest market share of 29.18 % in the year 2020.  This growth is attributed to the growing meat consumption, mainly in the U.S., coupled with stringent regulations regarding meat quality. Furthermore, accessible & abundant raw materials, such as dextrose and maize, in the region are expected to augment the market's growth. On the other hand, the Asia Pacific is anticipated to significant growth due to a high population and a substantial rise in meat consumption in emerging economies like India and China.

Request for Customization: https://www.fiormarkets.com/enquiry/request-customization/419481

About the report:

The global cattle feed market is analyzed based on value (USD Million). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining key insight of the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.

For Instant Purchase: https://www.fiormarkets.com/checkout.html?reportid=419481&type=single

Customization of the Report:

The report can be customized as per client requirements. For further queries, you can contact us on sales@fiormarkets.com or +1-201-465-4211. Our executives will be pleased to understand your requirements and offer you the best-suited reports.

About Fior Markets

Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients’ objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market intelligence research reports including industries like technology, pharmaceutical, consumer goods, food and beverages, chemicals, media, materials and many others. Our Strategic Intelligence capabilities are purposely planned to boost your business extension and elucidate the vigor of diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective domains. The global market research reports we provide involve both qualitative and quantitative analysis of current market scenario as per the geographical regions segregated and comprehensive performance in different regions with global approach. In addition, our syndicated research reports offer a packaged guide to keep companies abreast of the upcoming major restyle in their domains. Fior Markets facilitates clients with research analysis that are customized to their exact requirements, specifications and challenges, whether it is comprehensive desk research, survey work, composition of multiple methods, in-detailed interviewing or competitive intelligence. Our research experts are experienced in matching the exact personnel and methodology to your business need.

Contact Us

Avinash D
Head of Business Development
Phone: +1-201-465-4211
Email: sales@fiormarkets.com
Web: www.fiormarkets.com

To Read Top Industries Reports, Visit our Affiliated Website: https://www.marketquest.biz

Related Reports

Biscuit Market - https://www.fiormarkets.com/report/biscuit-market-by-type-sweet-crackers-savory-biscuits-419459.html
Food Dehydrators Market - https://www.fiormarkets.com/report/global-food-dehydrators-market-segmented-by-technology-horizontal-419460.html
Ice Cream Market - https://www.fiormarkets.com/report/ice-cream-market-by-type-take-home-impulse-419461.html
Organic Food and Beverages Market - https://www.fiormarkets.com/report/organic-food-and-beverages-market-by-organic-food-419450.html


Adblock test (Why?)



"feed" - Google News
June 04, 2021 at 12:00PM
https://ift.tt/3ij9FkT

Global Cattle Feed Market Is Expected to Reach USD 78.60 Billion by 2028 - GlobeNewswire
"feed" - Google News
https://ift.tt/2z3xEQN
https://ift.tt/2yko4c8

Bagikan Berita Ini

0 Response to "Global Cattle Feed Market Is Expected to Reach USD 78.60 Billion by 2028 - GlobeNewswire"

Post a Comment

Powered by Blogger.