Market Research Report
Cattle feed includes complete feed blends that meet the total nutritional needs of cattle, and simple blends that are a blend of unprocessed or limited processed commodities with vitamins and nutritional supplement. Furthermore, feed additives are the components which provides a mechanism through which nutrient deficiencies are resolved and directly effect on the growth & health of the animals. Cattle feed additives are added to the animal feed to minimize the risk of cattle related infection, improve the quality of product and provide better immunity to cattle.
The global cattle feed & feed additives market is estimated and forecasted in terms of volume (KT) and revenue (USD million) generated by the market. The cattle feed & feed additive market is primarily driven by increasing demand for meat and dairy products and growth in cattle population. Moreover, rising focus on health & nutrition of animals to prevent disease outbreak and rapid industrialization in the meat & dairy industry are factors that are anticipated to fuel the cattle feed & feed additive market during the projected period. The major factors hindering the growth of the market are strict government policies & regulation and increasing prices of raw material.
The report analyses the global cattle feed & feed additive market by ingredient into corn, soybean meal, wheat, oilseeds, grains and others. The grain segment accounted for the highest market share in 2017. In the future, the production of grain segment is predicted to boost due increasing demand from the commercial feed manufacturers, low cost and easy availability as compared to other ingredients.
Based on animal type, the cattle feed & feed additive market is categorized into beef cattle, dairy cattle, calves, swine and others. The beef segment is projected to be the fastest-growing segment in the cattle feed & feed additive market. The fastest growth is attributed to increasing demand for meat & meat products and rapid development of the meat production sector.
The global cattle feed & feed additive market on the basis of additives is bifurcated into vitamins, trace minerals, amino acids, feed antibiotics, feed acidifiers, feed enzymes, antioxidants and other additives. Feed additives are food supplements added to the animal feed to ensure that the animals get enough nutrients from regular meals.
By geography, the global cattle feed & feed additives market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and Rest of the world. In 2017, North America accounted for the largest share in the cattle feed & feed additive market. Moreover, Asia Pacific is projected to be growing at highest CAGR during the forecast period, owing to rapid development in beef and dairy sectors in emerging economies including China, India and Japan and rising population.
Some of the key participants in global cattle feed & feed additive market are Archer Daniels Midland Company, BASF SE, Cargill, Incorporated, Royal DSM N.V, Nutreco N.V, Charoen Pokphand Group, Land O’lakes Inc, CBH, Chr. Hansen Holding A/S, Alltech Inc, Evonik Industries, Novozymes, Elanco Animal Health, Alltech, Inc.,Chr, Hansen Holding A/S, etc. Many new players are entering the global cattle feed & feed additive market. The key companies have substantial presence in the market due to their strong clientele base. Additionally, the feed manufactures are increasingly using modern and sophisticated methods that seek to incorporate best global practices. New product development and product innovation are the strategies used by the market players to reinforce the position in the market.
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