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. 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%.
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.
Analysis By Segmentation:
The market report has been segmented on the basis of ingredient type, application, additive type, and region/country. The ingredient type segment includes corn, soybean meal, wheat, other oilseeds & grains, and others. The application segment includes beef cattle, dairy cattle, calves, and others. The additives type segment includes vitamins, trace minerals, amino acid, feed antibiotics, and feed acidifiers. The regions/countries covered in the report includes USA, Europe, China, India, and Japan.
By Ingredient type: The corn segment accounted for highest revenue share contribution as compared to other type segments in 2017. The Soya bean meal segment is expected to register highest CAGR of over 3% between 2018 and 2027
By Application: The dairy cattle segment is projected to account for highest revenue share as compared to that of other application segments, and register highest CAGR of over 2.5% over the forecast period
By Additive Type: The amino acid segment is projected to account for highest revenue share as compared to that of other additive type segments, and register a CAGR of over 4% over the forecast period
By Region/Country: The market in Europe accounted for highest revenue share in the global cattle feed & feed additives market in 2017. The market in China is projected to register highest CAGR of over 3.1% in terms of revenue over the forecast period.
Global Cattle Feed & Feed Additives Market: Competitive Analysis
The research report on the global cattle feed & feed additives market include profiles of some of major companies such as Archer Daniels Midland Company, BASF SE, Cargill, Incorporated, Royal DSM N.V., Nutreco N.V., Charoen Pokphand Group, Land O’lakes Inc., Country Bird Holdings, CHR. 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, and Elanco Animal Health.
The Global Cattle Feed & Feed Additives Market: Industry, Size, Share, Growth, Trends, and Forecast, 2018–2027 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global cattle feed & feed additives market for 2017–2027.
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