The Global Ruminant Feed Market Size is expected to reach a value of US$ 97.93 Billion by 2028, at a CAGR of 4.70% over the forecast period (2022 - 2028)

According to the latest research by SkyQuest Technology, the Global Ruminant Feed market was valued at US$ 75.51 Billion in 2021, and it is expected to reach US$ 97.93 Billion by 2028, with a CAGR of 4.70% during the forecast period of 2022 - 2028. The research provides up-to-date Ruminant Feed market analysis of the current market landscape, latest trends, drivers, and overall market environment.

The ruminant feed business is growing quickly because milk producers have started switching from traditional cattle feed to compound feed that has a better balance of nutrients. They have done this because they have seen the benefits of nutritional feed in terms of increased yield. In the Asia Pacific, the livestock industry is the most important part of agricultural growth, and in the last few decades, it has grown at a rate that has never been seen before. Animal products make up more than 40% of the total agricultural output sold around the world, and they are growing faster than any other agricultural subsector. Due to a growing population and higher living standards, people are eating more animal products than ever before. This has forced the livestock industry to change and grow to meet the needs of society by feeding animals healthy feed. So, this is good for the growth of the market for ruminant feed.

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Read the market research report, " Ruminant Feed Market Segmented By Animal Type (Dairy Cattle, Beef Cattle, and Other Animals), By Ingredient Type (Cereals, Oil Cakes and Meals, Food Wastages, Feed Additives, and Other Ingredients) & By Region - Forecast and Analysis 2022-2028" by SkyQuest
In terms of revenue, the dairy cattle sector of the worldwide ruminant feed market was the most lucrative in 2021, followed by the beef cattle segment and the other ruminant segments. Demand for milk and dairy products is rising, and that trend will continue to drive growth in the dairy cow feed market. During the analyzed time frame, the beef cattle feed market segment is anticipated to develop at a staggering rate. Beef cattle are traditionally grass-fed animals; however, ruminant feed is sometimes supplemented for them to help them reach a marketable weight in areas where there has been a severe drought due to decreased rainfall. All of these elements are influencing the demand for ruminant feed around the world, which in turn is expected to boost the ruminant feed market over the forecast time frame.

As a result of the domain's technological nascence, no company currently wields significant influence, and the race to dominance has already begun, with companies investing in multiple projects, and acquiring a few on their way to the finish line in the domain. The top players in this market include Cargill Inc. (US), Land O Lakes Inc. (US), De Heus (Netherlands), Archer Daniels Midland (US), ForFarmers (Netherlands), BASF SE (Germany), Beijing Goke Agriculture Machinery Co. Ltd. (China), Charoen Pokphand Foods (Thailand), J. R. Simplot Company (US), Kemin Industries (US), Nutreco NV (Netherlands), Provita Eurotech Ltd. (Uk).

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Ruminant Feed Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.
Report Findings
Drivers- Increasing disposable income and awareness regarding the health benefits of animal source protein are major factors driving the demand for animal meat and dairy products. These are highly bioavailable and easily digestible sources of protein and are required for better protein synthesis in the body. With stable economic conditions in developing countries and spending on health wellness, the trend is likely to continue which will drive demand for ruminant feed which is used in rearing and producing high-quality meat and dairy products from animals.
Restraint- The feed cost is directly linked to the raw materials used to produce it such as maize, soybean, wheat, rice, and other cereal crops, which directly depend on rain for production. Therefore, any disaster and natural calamity will hamper the raw material supply and will increase the cost of raw material which will slow down production and restrain the ruminant feed market growth.

What does this Report Deliver?
Market Estimation for 20+ Countries
Ruminant Feed Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional, and Country specific Ruminant Feed Market Trends
Comprehensive Mapping of Ruminant Feed Industry Parameters
Attractive Investment Proposition in the Global Ruminant Feed Industry
Competitive Strategies Adopted by Ruminant Feed Market Key Players
Drivers, Restraints, Opportunities, Challenges, and the impact on the Ruminant Feed Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and Ruminant Feed market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities, and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and Ruminant Feed Market Sales
Parent market analysis
Product portfolio benchmarking

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SkyQuest has segmented the Global Ruminant Feed Market based on Animal Type, Function, Application, and Region:
Global Ruminant Feed Market by Animal Type (Revenue, USD Billion, 2021 - 2028)
Dairy Cattle
Beef Cattle
Other Animals
Global Ruminant Feed Market by Ingredient Type (Revenue, USD Billion, 2021 - 2028)
Cereals
Oil Cakes and Meals
Food Wastages
Feed Additives
Other Ingredients
Global Ruminant Feed Market By Region (Revenue, USD Billion, 2021 - 2028)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Central & South America
Brazil
Rest of CSA
Middle East & Africa
GCC Countries
South Africa
Rest of MEA

Key Players in the Global Ruminant Feed Market
Cargill Inc. (US)
Land O Lakes Inc. (US)
De Heus (Netherlands)
Archer Daniels Midland (US)
ForFarmers (Netherlands)
BASF SE (Germany)
Beijing Goke Agriculture Machinery Co. Ltd. (China)
Charoen Pokphand Foods (Thailand)
J. R. Simplot Company (US)
Kemin Industries (US)
Nutreco NV (Netherlands)
Provita Eurotech Ltd. (UK)

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This release was published on openPR.