Expert Market Research’s new report titled ‘Global Cattle Feed Market Report and Forecast 2022-2027’ gives an in-depth analysis of the global cattle feed market, assessing the market based on its segments such as livestock type, channel of distribution and the main regions. . The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2022-2027)
• Historical market size (2020): 63.95 billion USD
• Forecast CAGR (2022-2027): 3.80%
• Forecasted market size (2022-2027): 79.8 billion USD
The global livestock feed market is driven by growing demand for animal products. Aided by growing concerns over animal welfare, the market is expected to grow at a CAGR of 3.80% over the forecast period 2022-2027 to reach around USD 79.8 billion by 2026.
In addition, due to the increase in group size, logical techniques of sorting and monitoring farms are pushing farmers to adopt livestock feed, which is rich in nutrients, thereby increasing yields and now contributing to the general market development.
In addition, models encompassing the gradual shift from chaotic to space-coordinated farming in emerging countries, especially due to the development of modern space, support the livestock feed market.
Industry definition and major segments
Livestock feed refers to food given to domestic animals, especially cattle. The main point of feeding cattle with quality feed is to work on animal welfare and subsequently increase the quality of their products.
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On the basis of livestock type, the market can be segmented into categories:-
The market, based on the distribution channel, can be classified into two modes:-
• In line
On the basis of region, the market can be divided into various regions:-
• North America
• Latin America
• The Middle East and Africa
The growing attention to animal welfare is an essential element, contributing to the development of the livestock feed market all over the planet. Due to the founding of different nonprofits, individual volunteers, and the growing awareness of animal welfare on social media, the interest in pure animal feed is expanding the development of the livestock feed market . This can be attributed to the increasing pervasiveness of animal diseases, which can negatively affect both animals as well as animal products, consequently pushing farmers to ensure quality feed for livestock.
Notwithstanding the previously mentioned factors, the guidelines focusing on manageability are used to aid in the development of the livestock feed market. Nitrogen runoff limitations are used to bolster low-protein diets, and precision counts calories assessed by information-driven innovation to support the green economy, advance animal welfare and the extra yields from the animals are used to stimulate the development of the livestock feed market. the forecast period.
Main market players
Major market players include Archer Daniel Midland Company, BASF SE, Beijing Goke Agriculture Machinary Co. Ltd, Cargill, Inc., Charoen Pokphand Foods PCL and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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