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Global Cattle Feed Market Report Description:
Global cattle feed market report gives comprehensive outlook on cattle feed across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of animal type, additives type, ingredient type, application, and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global cattle feed market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global cattle feed market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global cattle feed products.
Global Cattle Feed Market:
The global cattle feed market estimated to be valued US$ XX Mn in 2019 and poised to grow at significant CAGR over 2020-2026 due to growing cattle population and rising demand for meat and dairy products and increasing focus on animal health to prevent disease outbreaks are the major factors that are driving the growth of the cattle feed market. Moreover, release of funds by the governmental bodies and organization towards the agricultural sector is financially aiding the cattle farmers with purchasing power of better cattle feeds. However, stringent and time-consuming regulatory policies might hinder the growth of the market over the forecast period.
Increasing demand for meat and dairy products globally
Cattle feed market demand is not limited to the consumption of meat products and other prominent sector positively impacting the animal feed market is the dairy industry. As per, the International Assessment of Agricultural Knowledge, Science, and Technology for Development (IAASTD), the global meat consumption would be pacing up with an impeccable 120% from 2000-2050. Additives loaded with amino acids, vitamins, acidifiers, enzymes, antibiotics, etc. boosts the yielding capacity of the cattle.
Asia Pacific is expected to grow at Highest CAGR in Global Cattle Feed Market
Asia Pacific accounted for larger revenue share in global cattle feed market with significant CAGR and is expected to grow with highest CAGR during the forecast period. In Asian countries, demand for milk & milk products is increased owing to rising population and presence of prominent players in the region and strengthening their position due to increasing demand for the meat in the region fuels the growth of the market in the region. United States market projected to grow at significant rate over the forecasted period.
Competition Assessment
- BASF SE (Germany)
- Royal DSM N.V. (Netherlands)
- H. Group (India)
- ADM (United States)
- Evonik Industries AG (Germany)
- Friona Industries (United States)
- Provita Eurotech Ltd (United Kingdom)
- R Simplot Company (United States)
- Charoen Pokphand Foods (Thailand)
Global cattle feed market is surging owing to frequent product launches and strategic collaborations and acquisitions by the market players. For instance, in June 2016, Patanjali, announced that the company will launch dairy products and cattle feed to enter into cattle feed segment. For instance, in November 2014, Karnataka Milk Federation (KMF), launched a range of new products including high nutrition cattle feed to expand its market reach.
Key Findings of the Report:
- Global cattle feed market expanding at significant CAGR over 2020 to 2026 owing to rising number of cattle population and increasing demand for milk and milk products
- Based on region, Asia Pacific cattle feed accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global cattle feed market
Detailed Segmentation
By Animal Type
- Mature Ruminants
- Young Ruminants
- Others
By Additives
- Amino Acids
- Feed Antibiotics
- Feed Enzymes
- Antioxidants
- Trace Minerals
- Others
By Ingredient Type
- Grains
- Brans
- Protein Meals/Cakes
- Agro-Industrial By-Products
By Application
- Beef Cattle
- Dairy Cattle
- Calves
- Others
Geography
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Location
GEOGRAPHY
