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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Cattle Feed Market Trends
The increasing focus on animal welfare is a significant factor contributing to the market growth of cattle feed around the world. Due to the establishment of various nonprofit organisations, individual volunteers, and rising awareness regarding animal health from social media, the demand for unadulterated animal nutrition is augmenting the market growth of cattle feed. This focus can also be attributed to the increasing prevalence of animal diseases, which negatively impact animals as well as animal produce, thereby propelling livestock farmers to procure quality cattle feed.
In addition to the aforementioned factors, regulations centred around sustainability are expected to boost the market growth of cattle feed. Restrictions on nitrogen run-off are expected to stimulate lower protein diets, and precision diets evaluated by data-driven technology to boost the green economy, promote animal health, and increase animal yields are expected to drive the market growth of cattle feed over the forecast period.
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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