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Strong Market Growth Expected in Global Cattle Feed & Feed Additives Sector, Driven by Innovation and Sustainable Practice Trends
Strong Market
Accelerated Growth Prospect for Cattle Feed & Feed Additives Market, Fueled by Urbanization, Disease Control Measures, and Health Trends
What Is The Projected Market Size Of The Global Cattle Feed & Feed Additives Market And Its Growth Rate?
The cattle feed & feed additives market has shown consistent growth in recent years.
• 2024 Market Size: $63.8 billion
• 2025 Projected Market Size: $66.88 billion (CAGR 4.8%)
• 2029 Market Size: $85.34 billion (CAGR 6.3%)
This growth is attributed to shifts in population, income levels, urbanization and control of disease outbreaks.
What Is Driving The Growth In The Cattle Feed & Feed Additives Market?
The rising livestock and animal husbandry industry are core drivers of growth in the cattle feed and feed additives market. Cattle feed and feed additives significantly contribute to the nutrition and growth rate of farm animals, including cattle, sheep, horses, and goats. For example, as of May 2022, statistics from Eurostat indicate a substantial livestock population in the EU, with 142 million pigs, 76 million cattle, 60 million sheep, and 11 million goats. Thus, the escalating livestock and animal husbandry industry is expected to propel the market's growth.
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Who Are the Key Players Driving Cattle Feed & Feed Additives Market Growth?
The following list contains some major companies operating in the cattle feed & feed additives market:
• Bluestar AdisseoCompany
• The Archer Daniels Midland company
• BASF SE
• Biomin Pte Ltd.
• Cargill Inc.
• DuPont de Nemours Inc.
• Evonik Industries AG
• Koninklijke DSM N. V.
• Solvay SA
• Ajinomoto Co. Inc.,
• Novozymes A/S,
And many others.
What Are The Key Trends In The Cattle Feed & Feed Additives Market?
• Innovations in feed additives
• Alternative protein sources
• Digitalization in agriculture
• Consumer demand for transparency
What Are The Segments Of The Global Cattle Feed & Feed Additives Market?
• Ingredients: Corn, Soybean Meal, Wheat, Oil Seeds And Grains, Other Ingredients
• Product: Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Acidifiers, Other Products
• Application: Beef Cattle, Dairy Cattle, Calves, Other Applications
Which Region Leads The Cattle Feed & Feed Additives Market?
The Asia-Pacific was the largest region for the cattle feed and feed additive market in 2024. This report also covers Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Cattle Feed & Feed Additives Market Global Market Report?
- Market Size Analysis: Analyze the Cattle Feed & Feed Additives Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cattle Feed & Feed Additives Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cattle Feed & Feed Additives Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cattle Feed & Feed Additives Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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