Global Cattle Feed Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Cattle Feed market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global cattle feed market size was US$ 75.3 billion in 2021. The global cattle feed market is forecast to grow to US$ 107.8 billion by 2030 by registering a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2022 to 2030.
Commercial cattle feed is combined directly with feed concentrate or raw ingredients before being fed to the animals. Compound feed, according to the FAO, is “a natural, fresh, or preserved product of vegetable or animal origin, or a product created from the manufacturing of that product.
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Factors Influencing the Market
The growing cases of disease outbreaks are driving the need to raise emphasis on animal health. As a result, it will fuel the growth of the global livestock feed market during the forecast period. In addition, the rapidly rising demand for milk and dairy products in developing countries will upsurge the demand for cattle feed in the coming years.
Growing industrialization and rising livestock opportunity will also benefit the cattle feed market during the analysis period.
Increased industrialization of livestock production has resulted from a growing population and the need to meet the nutritional and taste needs of the population in developing countries like China and India. Thus, it will benefit the cattle feed market during the analysis period.
Cattle ranching has always been a backyard activity in wealthy countries. As a result of rising demand and a better understanding of the economies of scale that come with keeping larger herds, cattle husbandry in these countries has begun to shift. The introduction of modern management practices, such as the use of compound feed in appropriate dosages, will result from increased cattle husbandry industrialization. This is likely to enhance the growth of the cow feed market. On the contrary, the high cost associated with cattle feed may limit the growth of the cattle feed market.
COVID-19 Impact Analysis
The demand for milk and other dairy products remained the same throughout the pandemic period. Moreover, demand for high nutritional food increased during the pandemic, which upsurged the demand for the cattle feed.
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Regional Analysis
North America is forecast to hold the highest share in the cattle feed market. It is majorly due to the increasing meat consumption, mainly in the US. Furthermore, stringent regulations to maintain the meat quality will contribute to the growth of the cattle feed market. The Asia-Pacific cattle feed market will also hold a significant share due to the high population and growing meat consumption.
Competitors in the Market
? BASF SE
? DSM
? Cargill, Inc.
? ADM Animal Nutrition
? Kemin Industries, Inc.
? Biomin Holding GmbH
? Nutreco
? Land O’Lakes, Inc.
? Farmer’s Grain Company
? United Farmers Cooperative
? DE HEUS. ALL
? Godrej Agrovet Ltd.
? Other Prominent Players
Market Segmentation
The global cattle feed market segmentation focuses on Animal Type, Ingredient, and Region.
By Animal Type
? Dairy Cattle
? Beef Cattle
? Other Cattle Types
By Ingredient
? Cereals
? Cakes and Mixes
? Food Wastages
? Feed Additives
? Other Ingredients
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
Key questions answered in the global Cattle Feed market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Cattle Feed market over the forecast period?
- What are the factors driving and restraining the market for Cattle Feed?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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