The cattle feed market is projected to grow at a CAGR of 2.7% from 2015 to 2020 and reach a projected value of USD 72.12 Billion by 2020. The cattle feed additives market is projected to grow at a CAGR of 3.9% from 2015 to 2020, to reach USD 2.72 Billion by 2020.
Pune, India -- (SBWIRE) -- 04/29/2016 -- The report "Cattle Feed & Feed Additives Market by Application (Dairy, Beef, Calf), Ingredient (Corn, Soymeal, Wheat, Other Oilseeds & Grains), Type (Vitamins, Minerals, Amino Acids, Enzymes, Acidifiers, Antibiotics, Antioxidants) & Region - Global Forecasts to 2020", The cattle feed market is projected to reach USD 72.12 Billion by 2020, at a CAGR of 2.7% from 2015 to 2020. The cattle feed additives market is projected to reach USD 2.72 Billion by 2020 and the market is projected to grow at a CAGR of 3.9% from 2015 to 2020. The industrialization of the dairy sector and the increasing demand for dairy products in the Asia-Pacific and Middle East and North African regions are projected to improve the demand for commercial feed and feed additives in the cattle sector.
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The beef segment projected to dominate the cattle feed market in 2020
The increasing value for beef products in the North American and Southeast Asian countries such as the U.S., Canada, China, and Indonesia strengthened the feed demand for beef cattle. In the aftermath of significant calf deaths during winter, the livestock farmers have not been restricting themselves to feed the herd with purchased compound feed/ feed concentrates at times of insufficient pastures. Among the beef production systems, cow-calf operation units are profoundly largely when compared to feedlot operators in the U.S. and therefore is expected to lead to an increase in the number of feeder cattle entering feedlot operations in the next 2 years. The feed demand in feedlot operations is projected to grow at a faster rate than the dairy segment during the forecast period.
Innovative feed additives are projected to ascertain a strong position in the next five years
In this study, cattle feed additives are segmented into seven important segments with respect to the current market scenario. The application of feed additives for the improvement of animal health and growth has been noteworthy enough to gain consumer acceptance. Witnessing the increased usage of feed additives, regulatory frameworks have been developed across different markets to standardize and monitor the feed practices.
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Cost-effective feed solutions for beef and dairy segment– key to success in the Asia-Pacific & RoW regions
The usage of dairy and beef products in the consumers' diet among the Asia-Pacific and Middle Eastern regions improved the growth of cattle sector. These regions have been strengthening the herd size in order to increase the supply to the meat processing units. In order to earn better market value for the fed cattle (slaughter-ready cattle) in the domestic market, manufacturers have been keen to optimize production by providing commercial feed.
This report includes a study of marketing and development strategies, along with the product portfolio of key feed and feed additive manufacturers. It includes the profiles of leading companies such Archer Daniels Midland Company (U.S.), BASF SE (Germany), Cargill, Incorporated (U.S.), Royal D.S.M. N.V. (the Netherlands), Nutreco N.V. (The Netherlands), Alltech, Inc. (U.S.), and Land O'Lakes Inc. (U.S.). Important manufacturers in the fast-growing Asia-Pacific and RoW regions are also profiled such as Charoen Pokphand Group (Thailand) and New Hope group (China).
In terms of insights, this research report has focused on various levels of analysis industry analysis, market share analysis of top players (based on developments), and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global cattle feed and feed additives market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
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