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Cattle Feeds Market Size, Industry Trends, Analysis, Report 2024 To 2033

Cattle Feeds Market

Cattle Feeds Market

The Business Research Company recently released a comprehensive report on the Global Cattle Feeds Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The cattle feeds market size has grown strongly in recent years. It will grow from $65.44 billion in 2023 to $70.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to green revolution, expansion of intensive livestock farming, globalization and trade liberalization, disease management in livestock, environmental concerns and sustainable practices.

The cattle feeds market size is expected to see strongly grown in the next few years. It will grow to $90.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to precision livestock farming, alternative protein sources, genomic selection for livestock breeding, climate-smart feeding strategies, regulatory changes and antibiotic reduction . Major trends in the forecast period include digitalization in supply chain management, research and development in animal nutrition, biotechnology in feed formulation, consumer demand for ethical and sustainable feeds, localized sourcing of feed ingredients .

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/cattle-feed-global-market-report

Market Drivers and Trends:

An increase in government subsidies for cattle is significantly contributing to the growth of the cattle feeds market. 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. For instance, in 2022, the government of India launched the National Livestock Mission (NLM) to develop the animal husbandry sector. The scheme offers loans and subsidies, including up to 50% subsidy, a loan facility to livestock farmers, SHGs, FPOs, and companies. Therefore, an increase in government subsidies for cattle drives the cattle feeding market.

Technological advancements are a key trend gaining popularity in the cattle feeds market. 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.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=5724&type=smp

Major Key Players of the Market:

Archer-Daniels-Midland Company; BASF SE; Cargill Incorporated; Kemin Industries Inc.; Land O'Lakes Inc.; Nutreco N.V.; Godrej Agrovet Limited; Farmer's Grain Company; Biomin Holding GmbH; United Farmers Cooperative; De Heus Voeders B.V.; Charoen Pokphand Group; New Hope Group Co. Ltd.; Kent Corporation; Tyson Foods Inc.; Alltech Inc.; Purina Animal Nutrition LLC; J.D. Heiskell & Co.; Ridley Corporation Limited; Hallway Feeds Inc.; Westway Feed Products LLC; Hi-Pro Feeds LP; Bartlett Milling Company L.P.; New-Life Mills Ltd.; Mercer Milling Company Inc.; Feed Energy Company; The Mosaic Company; Southern States Cooperative Inc.; Diamond V Mills Inc.; Hubbard Feeds Inc.; Furst-McNess Company LLC; Ranch-Way Feeds; Lakeland Feed and Supply Inc.; Gilman Co-Operative Creamery Association; Chubby Mealworms LLC; Bagdad Roller Mills Inc.

Cattle Feeds Market 2024 Key Insights:

• The cattle feeds market size will grow to $90.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
• Government Subsidies For Cattle Boost Growth In The Cattle Feeds Market
• Technological Advancements Driving Innovation In Cattle Feeds Market
• Asia-Pacific was the largest region in the cattle feeds market in 2023

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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