Global Cattle Feed And Feed Overview
Cattle feed and feed additives are used to enhance quality of the feed to boost yield and cattle’s health. These products are used to augment animal nutrition so as to improve animal’s performance and prevent cattle’s from range of diseases.
Rising meat consumption, demand for high nutritional meat at low price, and increasing consumer awareness towards nutrition, quality, as well as safety of cattle products are some among the major drivers for global cattle feed and feed additive market. In addition to that, threat of diseases in livestock is also a key driver for the cattle’s and feed additive market. Global industrialization of meat products is also a factor expected to boost growth of the target market across the globe over the forecast period. However, increase in prices of raw materials, and stringent regulatory guidelines for feed additives are key factors anticipated to hamper the target market growth.
Global cattle feed and feed additives market has been segmented into product type, animal type, form, function, and region.
On the basis of product type, global cattle feed and feed additives market has been bifurcated into antibiotics, vitamins, antioxidants, amino acid, feed enzymes, feed acidifier, and others. According to animal type, the target market is segmented into young ruminants and mature ruminants. Based on product form, the global market is classified into dry, liquid, and others (powder and pellet form). By product function, the target market is bifurcated into single function and multifunction segments.
Based on region, the global cattle feed and feed additives market is segmented into North America, Latin America, Europe, Middle East, Asia-Pacific, and Africa. Currently, Asia-Pacific is the largest market for cattle feed and feed additives market, attributed to large share of cattle population in this region, especially from India and China. China is a major meat exporter and producer of animal feed additives. Asia-Pacific region is followed by North America and Europe. North America is a vital market regarding consumption and production of feed additives and is expected to experience steady growth throughout the forecast period.
Global Cattle Feed And Feed Competitive Landscape & Key Players
Key players operating in the global cattle feed and feed additives market include Cargill Incorporated, BASF SE, Evonik Industries AG, BIOMIN Holding GmbH, Kemin Industries, Nutreco N.V., Archer Daniels Midland Company, Dr. Eckel Animal Nutrition GmbH & Co. KG, Impextraco N.V., Novus International, Inc., Adisseo France S.A.S, DSM, and Kaeslar Nutrition GmbH.
FAQs
The Global Feed Additives Market is segmented into by type, by livestock and region.
Rising incidence of food-borne zoonotic diseases is the major factor driving the target market growth.
By region, Asia Pacific is expected to dominate the target market. Owing to the population density and the growing demand for the livestock such factor boosting the growth for the target market.
The Key players operating in the Global Feed Additives Market includes BASF SE, Cargill, Inc., Archer Daniels Midland Company, Evonik Industries AG, Nutreco N.V., Addcon Group, Aliphos Belgium S.A., Kemin Industries Inc., Koninklijke DSM N.V., and Phibro Animal Health Corporation. Key players in the market are focusing on research and development and product launch.