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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Cattle Feed Market Growth
Cattle feed refers to the food given to domestic animals, especially livestock. The primary aim of feeding quality feed to cattle is to improve the animals’ health and thus, enable quality animal produce. The global market for cattle feed is being driven by the increasing demand for animal-based products, such as dairy and meat products. This can be attributed to the increasing world populations and the benefits associated with animal-based products. In addition, to meet the rising demand for animal-based products, the number of cattle stocks are rising, subsequently invigorating the demand for cattle feed. This is providing a favourable cattle feed market outlook.
Furthermore, the increase in herd sizes is propelling farmers to adopt quality cattle feed, which is high in nutrition, thereby promoting larger yields and hence aiding the overall growth of the market. As per industry reports, to ensure the quality of animal feed, producers of Tanzania have been urged to adhere to quality standards and present samples of feeds to the Tanzania Veterinary Laboratory Agency (TVLA) for quality checks.
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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