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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Leading Manufacturers in the Cattle Feed Market
Market players are focused on developing innovative feed formulations to improve cattle performance, health, and productivity to meet the growing demand for high-quality meat and dairy products.
BASF SE is a multinational chemical company and one of the largest chemical producers in the world. Founded in 1865, its headquarters are in Ludwigshafen, Germany. The company operates in various sectors, including agriculture, including crop protection and seeds.
Beijing Goke Agriculture Machinary Co. Ltd is a Chinese company that specialises in the design, manufacturing, and sales of agricultural machinery, including tractors and harvesters. Founded in 1993, its headquarters are in Beijing, China.
Cargill, Inc. is an American multinational corporation that operates in various sectors, including agriculture, including grain, oilseeds, and animal nutrition. Founded in 1865, its headquarters are in Minnesota, United States. The company plays a significant role in the global agricultural industry.
Charoen Pokphand Foods PCL is a Thai agro-industrial and food conglomerate that operates in the livestock and aquaculture sectors, including animal feed production, livestock breeding, and meat processing. Founded in 1978, its headquarters are in Bangkok, Thailand. It is also one of the world's largest producers of feed and shrimp.
Other key players in the global cattle feed market include Archer Daniel Midland Company, among others.
Cattle Feed Market Report Snapshots
Cattle Feed Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the cattle feed market reached an approximate value of USD 71.52 billion.
The market is expected to grow at a CAGR of 3.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 99.81 billion by 2032.
The major drivers of the market include the rising demand for animal produce such as dairy and meat products, expansion of dairy industries, and increasing adoption of scientific methods for cattle management.
Key trends aiding market expansion include the increasing prevalence of animal diseases, rising concerns regarding animal welfare, and the growing demand for nutritious cattle feed.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Dairy and beef are the different cattle types considered in the market report.
The major distribution channels of cattle feed are offline and online.
Key players in the market are Archer Daniel Midland Company, BASF SE, Beijing Goke Agriculture Machinary Co. Ltd, Cargill, Inc., and Charoen Pokphand Foods PCL, among others.
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