Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Cattle Feed and Feed Additives market.
Trusted Business Insights presents an updated and Latest Study on Cattle Feed and Feed Additives Market 2020-2029. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Cattle Feed and Feed Additives market during the forecast period (2020-2029).
It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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The global cattle feed and feed additives market is estimated to value at approximately US$ 54 Bn in 2018 and is expected to register a CAGR of 2.8%. The report offers in-depth insights, revenue details, and other vital information regarding the global cattle feed and feed additives market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global cattle feed and feed additives market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global cattle feed and feed additives market report has been segmented on the basis of ingredient type, application, additives type, and region/country.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Cattle feed is a mixture of various concentrate feed ingredients in suitable proportion. The commonly used ingredients in cattle feed include grains, brans, protein meals/cakes, chunnies, agro-industrial by-products, minerals, and vitamins. Cattle feed is an economical source of concentrate supplements and it is available in the form of mash, pellets, crumbles, cubes, etc. Cattle feed contains protein, energy, minerals, and vitamins required for the growth, maintenance, and milk production of animals. Feed and feed additives contain essential nutrients and fiber, etc. which enhance digestive metabolism, efficiency, and immunity mainly in young cattle. Cattle need these energy sources for essential life processes, which includes muscular activity.
Global Cattle Feed and Feed Additives Market Dynamics:
A major factor driving growth of the global cattle feed and feed additives market is rising awareness among breeders and farmers etc., as well as meat product consumers, regarding nutrition and health of cattle, as well as healthy food products. In addition, growing animal husbandry industry mainly in some developing countries, coupled with increasing government initiatives such as schemes and subsidies promoting health of young cattle are other key factors expected to drive growth of the global cattle feed and feed additives market over the next 10 years. In 2017 for instance, the Turkish government increased domestic beef production by offering subsidies on feeder cattle and bovine for breeding import and distribution, which helped to rebuild domestic cattle inventory.
Furthermore, increasing focus of major players on R&D activities for development of improved feed and feed additives for healthy cattle is a key factor expected to support the global cattle feed and feed additives market growth. In addition, rising investments and financial assistance for cattle farming for supplementary business such as agriculture for catering to growing meat demand and satisfactory technological innovations in processing equipment is also expected to drive animal feed additives demand and is expected to drive revenue growth of the global cattle feed and feed additives market over the forecast period.
However, stringent government regulations regarding utilization of antibiotics or antibiotic growth promoters (AGPs) in the US and Europe owing to bioaccumulation of antibiotics in gastrointestinal tract, which creates resistance to medicines, coupled with ban on imports of food products in certain countries are major factors expected to hamper growth of global cattle feed and feed additives market to a certain extent over the forecast period.
Market Analysis by Ingredient type:
On the basis of ingredient type, the corn segment is expected to contribute major revenue share in the global cattle feed and feed additives market and is expected to register a CAGR of over 2.0%, in terms of revenue over the forecast period. This is primarily attributed to increasing use of corn as feed grain in beef cattle feed, due to its low cost and relatively high nutritional value in the global cattle feed and feed additives market.
Market Analysis by Application:
Among all the application segments, the dairy cattle segment is expected to contribute major revenue share in the global cattle feed and feed additives market and is expected to register highest CAGR of over 2.5% in terms of revenue over the forecast period. This can be attributed to increasing adoption of dairy products in diet among population in countries in Asia Pacific and Middle East regions.
Market Analysis by Additives type:
Among the additives type segments, the amino acid segment is expected to contribute major revenue share in the global cattle feed and feed additives market, and is expected to witness highest CAGR of over 4.0% in terms of revenue over the forecast period. This growth can be mainly attributed to increasing usage of amino acids such as lysine, methionine, thiamine, and tryptophan in animal feed additives especially for ruminants in order to enhance development of proteins to improve quality as well as quantity of meat in the global cattle feed and feed additives market.
Market Analysis by Region /Country:
Europe market is expected to dominate in the global cattle feed and feed additives market, and is expected to continue with the dominance over the forecast period as compared to that of markets in other regions. The major factors driving growth of the cattle feed & feed additives in this region are growing dairy cow population and increasing milk production resulting in growing demand for these products.
In addition, growing demand for high quality beef and increasing government initiatives to improve the quality of feed and food from animal origin are other factors expected to support growth of the market in Europe, and in turn is expected to drive growth of the global cattle feed and feed additives market.
China market is projected to register highest CAGR of over 3.0% in the global cattle feed and feed additives market over the forecast period. This is primarily attributed to improving standard of living and rapid urbanization resulting in increasing demand for high quality and branded beef products.
Market Segmentation of Global Cattle Feed and Feed Additives Market:
Segmentation by ingredient type:
- Soybean Meal
- Other Oilseeds & GrainsOthers (includes fish meal, alfalfa meal, palm kernel, and dicalcium phosphate)
Segmentation by application:
- Beef Cattle
- Dairy Cattle
- Others (includes bulls and draught cattle)
Segmentation by additives type:
- Trace Minerals
- Amino Acid
- Feed Antibiotics
- Feed Acidifiers
Key Market Players included in the report: Global Cattle Feed and Feed Additives Market
- Archer Daniels Midland Company
- BASF SE
- Cargill, Incorporated
- Royal DSM N.V.
- Nutreco N.V.
- Charoen Pokphand Group
- Land Olakes Inc.
- Country Bird Holdings
- HANSEN HOLDING A/S
- Evonik, New Hope Group
- Alltech Inc.
- Novozymes A/S
- Addiseo France SAS
- Invivo NSA SAS
- VH Group
- Kent Corporation
- Godrej Group
- Elanco Animal Health
Key Insights Covered: Global Cattle Feed and Feed Additives Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Cattle Feed and Feed Additives industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Cattle Feed and Feed Additives industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Cattle Feed and Feed Additives industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Cattle Feed and Feed Additives industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Cattle Feed and Feed Additives industry.
Research Methodology: Global Cattle Feed and Feed Additives Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
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