Increasing demand for dairy products in the Asia-Pacific region is pushing cattle feed market along with increasing herd size in feedlots in the U.S. and Canada according to this new research report. It forecasts the market to reach $72.12 billion at 2.7% (value) CAGR to 2020.
Complete report on cattle feed & feed additives market spread across 218 pages, profiling 10 companies and supported with 175 tables and 60 figures is now available at http://www.reportsnreports.com/reports/291563-cattle-feed-market-with-overview-on-ruminant-feed-by-type-mature-ruminants-young-ruminants-others-additives-antibiotics-vitamins-antioxidants-amino-acids-feed-enzymes-feed-acidifiers-by-geography-global-trends-forecasts-to-2018.html .
The cattle feed market has been gaining prominence among livestock growers to improve the productivity of the cattle which are intended for different purposes such as for dairy purpose and meat purpose. Factors such as increasing per capita beef consumption in Southeast Asian countries demand for dairy products in the Asia-Pacific region and increasing herd size in feedlots in the U.S. and Canada is driving the cattle feed market.
Asia-Pacific region is projected to be the fastest-growing region in the cattle feed market. The growth in Asia-Pacific region is supported by several internal factors which includes industrialization and supply chain integration of dairy sector and limited pasture lands as well as external factors such as import restrictions on inferior quality meat.
Innovative products such as gut health promoters are projected to boost the cattle feed additives market. Among the key types of feed additives considered, trace minerals and enzymes are projected to be the fastest-growing segments. Innovative feed additives are projected to gain higher demand when the manufacturers are able to prove the products efficiency in supporting the animal health and productivity without compromising on ethical practices and regulatory requirements.
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (50%), Tier 2 (20%) and Tier 3 (30%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (28%), Director Level (22%) and others (50%) from various key organizations operating in the global cattle feed & feed additives market. The primary interviews were conducted worldwide covering regions such as North America (30%), Europe (25%), APAC (25%), Latin America (15%) and RoW (5%).
The key players in the cattle feed & feed additives market include 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), and as Charoen Pokphand Group (Thailand). Other players include Alltech, Inc. (U.S.), Land O’Lakes Inc. (U.S.), New Hope group (China), and Country Bird Holdings Ltd. (South Africa). Ask for discount before order a copy of 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), & by Region – Global Forecasts to 2020 research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=291563 .
On a related note, another research titled Specialty Feed Additives Market Global Trends and Forecast to 2020 says, The specialty feed additives market is projected to reach $11.9billion by 2020, at a CAGR of 4.5% from 2015 to 2020.The market is driven by factors such as swelling demand for protein rich meat products worldwide, industrialization in meat production, and rising awareness towards meat product quality. The U.S. dominated the specialty feed additives market in 2014.By function, the palatability segment in specialty feed additives dominates the market and accounted for a share of about 20% in 2014. Companies like BASF SE (Germany), Evonik Industries AG (Germany), Nutreco N.V. (The Netherlands), Novozymes A/S (Denmark), and Invivo NSA (France) have been profiled in this 161 pages research report available at http://www.reportsnreports.com/reports/401005-specialty-feed-additives-market-by-function-gut-health-digestive-performance-mycotoxin-management-palatability-preservation-functional-ingredients-livestock-cattle-poultry-swine-aquatic-animals-by-region-global-trends-and-forecast-to-2020.html .
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