Press release
Cattle Feeds Market 2023 - Size, Strategies, Key Regions, Trends And Forecast To 2032
Cattle Feeds Market Analysis
The Business Research Company's Cattle Feeds Global Market Report 2023 identifies increase in government subsidies for cattle as the major driver for the cattle feeds market's growth in the forecast period. Governments all over the world have increased subsidies for cattle rustling because of the growing importance of cattle meat and products like milk, eggs. These government subsidies allow farmers to obtain better quality cattle feed for their animals and offer better nutrition and care.
The global cattle feed market size is expected to grow from $74.70 billion in 2022 to $77.09 billion in 2023 at a compound annual growth rate (CAGR) of 3.2%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cattle feed market is expected to reach $87.45 billion in 2027 at a CAGR of 3.2%.
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Major competitors in the cattle feeds market are Archer Daniel Midland Company, BASF Se, Cargill, Inc., Kemin Industries, Land O' Lakes Inc., Nutreco, Land O'Lakes, Inc.
A key trend in the cattle feeds market includes technological advancement. Companies are focusing on devising methods and platforms for enhancing feed quality and performance. For instance, in 2021, a US-based Cnossen Dairy partnered with a US-based farming technology company, Grov Technologies, to build a controlled environment feed centre to grow fresh feed throughout the year for cattle and livestock, using fewer resources and energy than conventional methods. The new centre would leverage machine learning growing protocols to consistently produce high-density nutrient feed (HDN). The new facility would offer cows with a highly nutritious, consistent feed year-round and also reduce the impact of droughts and climate change while also delivering more sustainably produced products to consumers.
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The cattle feeds market is segmented -
1) By Ingredients: Cereals, Cakes and Mixes, Food Wastages, Feed Additives
2) By Cattle Type: Beef Cattle, Dairy Cattle, Calves
3) By Distribution Channel: Offline, Online
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the cattle feeds market.
The Business Research Company's "Global Cattle Feeds Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Cattle Feeds Market Include:
1. Executive Summary
2. Cattle Feeds Market Characteristics
3. Cattle Feeds Market Trends And Strategies
4. Cattle Feeds Market - Macro Economic Scenario
5. Cattle Feeds Market Size And Growth
……
26. Africa Cattle Feeds Market
27. Cattle Feeds Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cattle Feeds Market
29. Cattle Feeds Market Future Outlook and Potential Analysis
30. Appendix
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