Cattle feed comprises various types of forages such as grass, silage, legumes, oilseeds and others. The quality and type of cattle feed directly affect the dairy yield, which has made it a vital component of livestock farming. The recently published report by Market Research Future (MRFR) states that the global cattle feed market is registered to grow at a moderate pace during the forecast period of 2017-2023. Need for quality improvement of cattle feed owing to the high global demand for dairy products is majorly driving the global cattle feed market. Improved understanding of nutritional requirements with respect to environmental and other factors to increase the meat and milk production is propelling the growth of the global cattle feed market.
Adoption of advanced technology for real-time monitoring of cattle farms and increasing research for development of innovative additives in the feed that would help reduce the emission rate by cattle are positively impacting on the growth of the global cattle feed market. Increasing awareness regarding organic livestock farming is another factor that is likely to intensify the sales of cattle feed soon, leading to the expansion of the global cattle feed market during the forecast period. However, increasing price of raw materials used as cattle feed is anticipated to impact negatively on the growth of the global cattle feed market during the forecast period.
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Top Key Players
The prominent players profiled by MRFR in the report on the Global Cattle Feed Market are BASF SE (Germany), Cargill, Incorporated (the U.S.), Archer Daniels Midland Company (the U.S.), Royal DSM N.V. (Netherlands), NUTRECO N.V. (Netherlands), Charoen Pokphand Group (Thailand) and Land O’lakes Inc. (the U.S.).
The global cattle feed market has been segmented on the basis of feed ingredients, application and additives. Based on feed ingredients, the cattle feed market is segmented into corn, soybean meal, wheat, oilseeds and others. Based on application, the cattle feed market is segmented into dairy, beef, calf and others. Based on additives, the cattle feed market is segmented into vitamins, minerals, feed antibiotics, amino acids, feed acidifier, feed enzymes, antioxidants and others.
Global Cattle Feed Market is geographically segmented into Europe, North America, Asia Pacific and the rest of the world. The North America region is registered to account for the largest share of the global cattle feed market owing to the high consumption of dairy and beef product in this region. The Europe region is projecting significant growth in the global cattle feed market owing to the increasing incorporation of advanced technology for new product development in by cattle feed producers in this region. The Asia Pacific region is projecting to be the fastest growing market in the global cattle feed market owing to the skyrocketing demand for dairy products and increasing commercialization of cattle feed in this region.
Table of Content
1 Executive Summary
2 Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objectives
2.3 Markets Structure
3 Research Methodology
3.1 Research Application
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
3.5 Market Size Estimation
4 Market Dynamics
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