Global Ruminant Animal Feed Market, By Animal Type (Dairy Cattle, Beef Cattle, and Other Animal Types), Ingredient Type (Cereals, Cakes and Meals, Food Wastages, Feed Additives, Other Ingredients), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Ruminant Animal Feed Market
Ruminant animal feed market is expected to grow at a CAGR of 3.50% in the forecast period 2021 to 2028. Rising demand for nutritious animal feed is the major factor driving the growth of ruminant animal feed market in the forecast period of 2021-2028.
Animal feed additives are defined as the product that is nutritive, that gives animal as a supplement for the purpose of improving the quality of the animal feed. Animals need to consume the nutritious feed for maintaining good health and to achieve good products from the animals. Animals feed only consisting of soybean, maize and other feeds do not contain the appropriate amount of nutrition which affects the animal's health. Feed additives can help in supplementing nutrition to the animals and can improve the quality of livestock.
Rising livestock industrialization is the vital factor escalating the market growth, also rising demand for animal-based products among humans, rising focus on animal health, growing momentum of proponents of natural growth, increase in cattle farming, increasing consumer awareness of the benefits associated with the use of feed additives to reduce disease, increasing popularity of meat and meat related products and rising health problems in animals are the major factors among others driving the growth of ruminant animal feed market. Moreover, rising investments in research and development (R&D) for improving food fortification processes and increasing technological advancements and modernization in the production techniques will further create new opportunities for ruminant animal feed market in the forecast period of 2021- 2028.
However, rising cost of raw materials and rising government regulations are the major factors among others acting as restraints, and will further challenge the growth of ruminant animal feed market in the forecast period mentioned above.
This ruminant animal feed market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ruminant animal feed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Ruminant Animal Feed Market Scope and Market Size
Ruminant animal feed market is segmented on the basis of animal type and ingredient type. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- Based on animal type, the ruminant animal feed market has been segmented into dairy cattle, beef cattle, and other animal types.
- The ruminant animal feed market is also segmented on the basis of ingredient type into cereals, cakes and meals, food wastages, feed additives and other ingredients.
Global Ruminant Animal Feed Market Country Level Analysis
Ruminant animal feed market is analyses and market size, volume information is provided by country, animal type and ingredient type as referenced above.
The countries covered in ruminant animal feed market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the ruminant animal feed market due to the rising global population, increasing per capita global consumption of meat, increasing adoption of intensive farming methods, growing momentum of proponents of natural growth, increase in cattle farming and increasing consumer awareness of the benefits associated with the use of feed additives to reduce disease in this region.
The country section of ruminant animal feed market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ruminant Animal Feed Market Share Analysis
Ruminant animal feed market report competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ruminant animal feed market.
The major players covered in the ruminant animal feed market report are ForFarmers., Land 'O Lakes Inc., Adisseo France S.A.S., Ajinomoto Co., Inc., ADM, BASF SE, Biomin Holdings Gmbh, Cargill, Incorporated, Chr. Hansen, DuPont or its affiliates, DSM, Elanco Animal Health, Evonik Industries, Kemin Industries, Inc., Novozymes, Novus International Inc., Nutreco N.V., Amco Protiens, Prinova Group LLC and Covington & Burling LLP among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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