Cattle feed includes complete feed blends that meet the total nutritional needs of cattle and simple blends 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 and health of the animals. Cattle feed additives are added to the animal feed so as to minimize the risk of cattle related infection, improve the quality of product and provide better immune to cattle.
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 out brake and rapid industrialization in the meat and dairy industry are factors that anticipated to fuel the cattle feed & feed additive market during the projected period. The major factor hindering the growth of the market is the strict government policies & regulation and increasing prices of raw material.
The report analyses the cattle feed & feed additives market based on ingredient, animal type, additives and geography.
The report analyses the 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 terms of volume. 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.
Cattle Feed & Feed Additives Market by Additives
The global cattle feed & feed additive market on 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 cattle feed & feed additives market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, Latin America and MEA. 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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