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Global Dairy Cattle Feed Market

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Global Dairy Cattle Feed Market was worth USD 63.2 billion in 2016 and estimated to be growing at a CAGR of 2.7%, to reach USD 72.21 billion by 2021.
Global Dairy Cattle Feed Market was Valued at USD 63.2 Billion in 2016 and is
Expected to Register a 2.7% CAGR Over the Forecast Period
Global Dairy Cattle Feed Market was worth USD 63.2 billion in 2016 and estimated to be
growing at a CAGR of 2.7%, to reach USD 72.21 billion by 2021. Dairy cattle have a higher
metabolism than the normal cattle. Dairy cattle feed includes a variety of forage which
includes grass, silage, legumes as well as an assortment of grain, soy and other high
energy density diets. Dairy feed is mainly used in cattle farms and animal feeding units.
Dairy cattle feed is made specifically with the aim of improving the production of milk. Dairy
cattle feed is especially rich in carbohydrates, proteins, fats, vitamins and minerals which
are needed for the healthy growth of a milking animal. Common ingredients of cattle feed
include corn-fed, soy feed, rice bran, oilseeds, alfalfa and wheat which is a major ingredient
in almost all varieties of cattle feed due to its property of maintaining proper digestion of
dairy cattle.
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The major factors affecting the Dairy Cattle Feed market is the obvious increase in
demand for milk products. So the rising populations and changing consumption patterns of
the people can be considered as indirect growth factors resulting in an increased demand
for dairy products. Maintaining a healthy diet also prevents metabolic diseases in the herd
and this serves as another growth factor for the market. As for the restraints for the market,
the higher cost for specialized feed is the main one. The prospective advantages of using
dairy cattle feed are also unknown to several regions and farmers still use traditional diets
for their cattle. This lack of awareness among farmers is another restraining factor for the
market.
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The Global Dairy Cattle Feed market is broadly classified into Vitamins, Trace Minerals,
Amino Acids, Feed Antibiotics, Feed Acidifiers, Feed Enzymes, Antioxidants and Other
Additives based on product type, by ingredient type they are classified into Corn, Soybean
Meal, Wheat, Oilseeds and Grains and Others and based on Application they come under
Dairy Cattle Growth Phase divided into Heifers and Dairy Cows and Others. Based on
geography, the global market is analyzed under various regions namely North America,
Europe, Asia-Pacific, Latin America and the Middle East and Africa. The Dairy Cattle Feed
Market is dominated by North America in 2016 with the region accounting for 36% of the
overall market share. North America was followed next in line by Europe and Asia-Pacific.
Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high
CAGR value for the region.
Market Segmentation
Additive Type
Introduction
Vitamins
Trace Minerals
Amino Acids
Feed Antibiotics
Feed Acidifiers
Feed Enzymes
Antioxidants
Other Additives
Ingredient Type
Introduction
Corn
Soybean Meal
Wheat
Oilseeds and Grains
Others
Application
Introduction
Dairy Cattle Growth Phase
Heifers
Dairy Cows
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The Dairy Cattle Feed market is highly competitive with a large number of players. Key
market players dominating the market with their products include Cargill Incorporated,
Archer Daniels Midland Company, BASF SE, Royal DSM NV, Nutreco NV, Amul, Kent
Nutrition Group, Hi-Pro Feeds LP, Purina Animal Nutrition LLC, Kapila Krishi Udyog Limited
and Agro Feed Solutions.
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Author
Bhargav
Bhargav410   documents Email
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Category
Business and Leadership
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Dairy Cattle Feed Market, feed
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