Dairy Cattle Feed Market 2024

Posted by Prashanth on December 6th, 2019

MARKET OVERVIEW:

Dairy Cattle Feed Market was worth USD 68.5 billion in 2019 and estimated to be growing at a CAGR of 2.73%, to reach USD 78.3 billion by 2024. Dairy cattle feed includes a variety of forage which includes grass, silage, legumes as well as an assortment of grain, soy, and other high energy density diets. Dairy cattle feed is explicitly made to improve the production of milk.

DRIVERS & RESTRAINTS OF THE MARKET:

• The apparent increase in demand for dairy products is the main factor affecting the dairy cattle feed market.
• The increase in population and changes in the consumption patterns of the community can, therefore, be considered as secondary growth factors leading to increased demand for dairy products.
• Maintaining a healthy diet also prevents metabolic diseases in the herd, which is another growth factor for the market.
• Concerning the restrictions imposed on the market, the higher cost of specialized feed is the most important.
• The potential benefits of using dairy feed are also unknown in many areas, and farmers continue to use traditional diets for their livestock. This lack of awareness among farmers is another limiting factor for the market.

REPORT SEGMENTED AS:

Based on Product Type:

• Vitamins
• Trace Minerals
• Amino Acids
• Feed Antibiotics
• Feed Acidifiers
• Feed Enzymes
• Antioxidants
• Other Additives

Based on Ingredient Type:

• Corn
• Soybean Meal
• Wheat
• Oilseeds and Grains
• Others

Based on Application:

• Heifers
• Dairy Cows
• Others

GEOGRAPHICAL SEGMENTATION:

Geographically, the Global Dairy Cattle Feed Market is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America is the market leader followed by Europe and Asia-Pacific. Asia-Pacific is expected to record rapid growth over the forecast period.

KEY MARKET PLAYERS:

• Cargill Incorporated
• Archer Daniels Midland Company
• BASF SE
• Royal DSM NV
• Nutreco NV
• Amul
• Kent Nutrition Group
• Hi-Pro Feeds LP
• Purina Animal Nutrition LLC
• Kapila Krishi Udyog Limited
• Agro Feed Solutions

THE SCOPE OF THE REPORT:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

ABOUT US:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

FOR MORE INFORMATION:

Abhishek Shukla

Sales Manager at Market Data Forecast

Email: abhishek@marketdataforecast.com

Tel: +1-888-702-9626

Website: https://www.marketdataforecast.com/