Dairy Cattle Feed Market Scope
Cattle feed is ground, pelleted, crumbled or mixture feed, balanced for various nutrients, intended for the feeding of animals. Cattle feed cost makes up to 60% of the total farm cost of milk production. The quality & quantity of feed consumed by the animal is directly correlated to the amount of milk it produces. Higher milk production means higher profits. Therefore, dairy farm owners are increasingly becoming concerned about the fodder type. According to the Food & Agriculture Organization of the United Nations, more than 6 billion people worldwide consume milk and milk products; the majority of these people live in developing countries. In order to fulfill rising demands for milk products from a growing population, dairy farm owners are continuously trying to optimize milk production. This will positively impact the market for dairy cattle feed.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Purina Animal Nutrition (United States), Cargill (United States), Godrej Agrovet Limited (India), JB Psyllium (India), Alltech (United States), Amul (GCMMF) (India), Land O'Lakes, Inc. (United States), Nutritech (New Zealand), Muyuan Foodstuff Co.Ltd. (China) and Shri Ram Cattle Feed (India) |
CAGR | % |
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their key strategies. Key players are exploring new geographies through expansions and acquisitions across the world to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Indians Vendors will contribute to the maximum growth of Global Dairy Cattle Feed market throughout the predicted period.
Purina Animal Nutrition (United States), Cargill (United States), Godrej Agrovet Limited (India), JB Psyllium (India), Alltech (United States), Amul (GCMMF) (India), Land O'Lakes, Inc. (United States), Nutritech (New Zealand), Muyuan Foodstuff Co.Ltd. (China) and Shri Ram Cattle Feed (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Kerala Feeds Ltd (India) and Takanini (New Zealand).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Dairy Cattle Feed market by Type , by Application (Mature Ruminants {Dry, Lactating}, Young Ruminants and Others) and Region with country level break-up.
On the basis of geography, the market of Dairy Cattle Feed has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In July 2021, Cargill and Intelia had entered into a partnership for distributing Intelia’s COMPASS broiler platform in the United States and Canada in an effort towards providing a world-class precision solution to broiler producers. COMPASS is basically a precision livestock tool that is designed to help broiler producers monitor, manage, model as well as enhance decision-making at the flock level.
In January 2021, Alltech E-CO2 had launched the Feeds EA™ model so as to help feed manufacturers and farmers measure as well as lower their feed footprint. Feeds EA™ thereby helps in measuring the environmental impact of the feed production at the feed mill level by assessing the impact of existing compounds or blends. This is hereby determined by the means of calculating greenhouse gas emissions from production, cultivation, processing, energy utilization, and transportation in the manufacturing of the feed.
Food & Drug Association (FDA) of the United States, make sure the ingredients in the feed are safe and have an appropriate function, and many ingredients must be approved by FDA before they can be used in animal feed. FDA also evaluates the human food safety aspect of animal feed for food-producing animals. That is, FDA makes sure it’s safe for people to eat food products made from animals that ate the feed.
Influencing Trend:
Developing countries' increasing industrialization of livestock production
Market Growth Drivers:
High Demand from Well Established Dairy Farms Worldwide and Increasing Cost of Metabolic Cattle Diseases Fueling Demand for Cattle Feed
Challenges:
Volatility in Raw Material Prices
Restraints:
Government Regulations to Ensure Animal Safety
Opportunities:
Rising Population Causing Increased Demand for Milk Products Will Raise Demand for Cattle Feed
Key Target Audience
Cattle Feed Manufacturer, Cattle Feed Distributor and Supplier, Cattle Feed Healthcare Industry, Cattle Feed Raw Material Supplier, Regulatory & Government Bodies, Downstream Vendors and Others