MARKET OVERVIEW:

Dairy Cattle Feed Market was worth USD 68.5 billion in 2019 and estimated to be growing at a CAGR of 2.73%, to reach USD 78.3 billion by 2024. 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 cattle feed is explicitly made to improve the production of milk.

DRIVERS & RESTRAINTS OF THE MARKET:

The apparent increase in demand for dairy products is the main factor affecting the dairy cattle feed market.
The increase in population and changes in the consumption patterns of the community can, therefore, be considered as secondary growth factors leading to increased demand for dairy products.
Maintaining a healthy diet also prevents metabolic diseases in the herd, which is another growth factor for the market.
Concerning the restrictions imposed on the market, the higher cost of specialized feed is the most important.
The potential benefits of using dairy feed are also unknown in many areas, and farmers continue to use traditional diets for their livestock. This lack of awareness among farmers is another limiting factor for the market.
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REPORT SEGMENTED AS:

Based on Product Type:

Vitamins
Trace Minerals
Amino Acids
Feed Antibiotics
Feed Acidifiers
Feed Enzymes
Antioxidants
Other Additives
Based on Ingredient Type:

Corn
Soybean Meal
Wheat
Oilseeds and Grains
Others
Based on Application:

Heifers
Dairy Cows
Others
GEOGRAPHICAL SEGMENTATION:

Geographically, the Global Dairy Cattle Feed Market is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America is the market leader followed by Europe and Asia-Pacific. Asia-Pacific is expected to record rapid growth over the forecast period.

KEY MARKET PLAYERS:

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
Agro Feed Solutions
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THE SCOPE OF THE REPORT:

The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.

The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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