Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 35 Billion | USD 43 Billion | 3% | 2022 |
FrequentlyAsked Questions
Cattle feed and feed additives includes many kinds of compounds and molecules that helps in improving digestion, food absorption, growth, assimilation of nutrients, and health in cattle. Apparently, they bring an enhancement in physiological processes including reproduction and immunity.
The global cattle feed and feed additives market growth over forecast period can be owing to breakthroughs in cattle farming techniques and need for improving the quantity as well as quality of meat & milk yield will encourage players for investing in research activities to develop new kinds of cattle feed & feed additives.
According to a study, the global cattle feed and feed additives industry size was $35 billion in 2022 and is projected to reach $43 billion by the end of 2030.
The global cattle feed and feed additives market is anticipated to record a CAGR of nearly 3% from 2023 to 2030.
The North American cattle feed and feed additives industry is set to register the fastest CAGR over the forecasting timeline is owing to presence of key players in the countries such as the U.S. and Canada. Furthermore, an increase in the export of the product from countries of North America to emerging economies of Asia and Latin America will contribute massively towards the industry earnings in North America.
The global cattle feed and feed additives market is led by players such as Nutreco, Dow, De Heus Animal Nutrition, BASF SE, Perdue Farms, Chr. Hansen Holding A/S, SunOpta, DSM, DuPont, Evonik Industries AG, NOVUS INTERNATIONAL, Alltech, Associated British Foods plc, Kent Nutrition Group, Charoen Pokphand Foods PCL, Cargill, Incorporated, ForFarmers, De Heus Animal Nutrition, Land O'Lakes, J. D. HEISKELL & CO., Scratch and Peck Feeds, and MEGAMIX.
The global cattle feed and feed additives market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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