The growing demand for feed, rise in the meat consumption, improving quality of feed, industrialization of livestock farming, and the prevention of diseases in livestock are expected to drive the cattle feed market. Cattle feed is a mixture of various concentrate feed ingredients in suitable proportion to enhance their yield and health. Increase in demand for meat and dairy products is likely to drive the global cattle feed market over the forecast period. In addition, increased awareness about the health benefits of feeding the cattle for quality of feed, which, in turn, has increased the market share of cattle feed globally.
Various type of feed are given to the cattle to minimize cattle related infection, improve product quality and provide better immune to cattle. High nutrients coupled with convenient handling, and ease in availability are some factors which are expected to propel the growth of cattle feed market. Land shrinkages for cattle grazing along with increasing urbanization have increased the demand for cattle feed market. Growth in cattle population is projected to directly influence the global cattle feed market demand over the forecast period. Growing Asia Pacific market and Latin America market tend to make these markets lucrative for the player. However, fluctuations in the raw material prices may hamper the growth of cattle feed market.
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New players are entering the market in order to penetrate the global market and generate revenues out of their cattle feed offerings. Established players are identified to be investing more on product launch and acquisition to strengthen their market position. The market players are responding to new opportunities by expanding their service offerings/product lines, which has boosted the share of cattle feed in the global market. Key players in the global cattle feed market are emphasizing to enhance their investment in product development to extend their product line. Also, the companies are inclined towards increasing their footprint across the world by acquiring local and regional players. Apart from that, the companies are introducing their products in the developing economies to penetrate the untapped market. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The key players profiled in cattle feed are Archer Daniels Midland Company (U.S.), BASF SE (Germany), Cargill, Incorporated (U.S.), Royal DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), Charoen Pokphand Group (Thailand), and Land O’lakes Inc. (U.S.) among many others.
Latest Industry Updates:
Jan 2018 Valio, a Finnish Dairy has promised to pay one cent extra per liter to entrepreneurs who have proven themselves committed to responsible dairy production. Valio has implemented the most extensive renewal of quality and production practices in the company’s history. The aim of this development work is to promote animal well-being and a better quality of life for the animals.
Jan 2018 Sanwaria Consumer Ltd launched 10 new products under the brand name of ‘Sanwaria’ which has increase their product range from 25 to 35. Among all the 10 new products, cattle feed is one of the major products
Dec 2017 TechMix Global launches new YMCP fresh cow recovery product. YMCP Vitall is first fresh cow bolus to combine live yeast, calcium chloride, trace elements and B vitamins in an effervescent format.
Oct 2017 Cargill acquired Iowa based animal nutrition company called Diamond V in order to strengthen expand their animal feed business. With the help of this acquisition, Cargill plans to promote healthy digestive system and performance among the animals.
The global cattle feed market has been divided into form, livestock, and region.
On The Basis Of Form: Mash, Pellets, Crumbles, Others
On The Basis Of Livestock: meat animals, milching animals, and draught animal
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
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The global cattle feed market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global cattle feed market is highly dominated by Europe due to high population of the livestock in markets of Germany, Russia, Spain and France. North America is the fastest growing region due to increasing demand for feed from the U.S. and Canada. The consumption of cattle feed in countries like Germany, the U.S., India, Brazil and China is expected to grow even more in upcoming years.
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