The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s cattle feed & feed additives market report forecasts the cattle feed & feed additives market size to grow to $68.51 Billion by 2027, with a CAGR (compound annual growth rate) of more than 3%.

Learn More On The Cattle Feed & Feed Additives Market Report 2023 – https://www.thebusinessresearchcompany.com/report/cattle-feed-and-feed-additives-global-market-report

Cattle Feed & Feed Additives Market Size Forecast
The global cattle feed & feed additives market is expected to grow from $57.12 billion in 2022 to $59.74 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. 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 and feed additives market size is expected to grow to $68.51 billion in 2027 at a CAGR of 3.5%.

Asia-Pacific held the largest cattle feed & feed additives market share.

Key Cattle Feed & Feed Additives Market Driver ­– Growth In Livestock And Animal Husbandry Industry
For instance, according to data by Eurostat, a Luxemburg-based Directorate-General of the European Commission, in the 2021 political and economic union of 27 European nations, the livestock population of Europe is valued at 297 million, which is 146 million pigs, 76 million bovine animals, and 75 million sheep and goats. Therefore, the growing livestock and animal husbandry are driving the growth of the cattle feed and feed additives market.

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Key Cattle Feed & Feed Additives Market Trend – Technological Advancement
Major companies operating in the cattle feed and feed additives sectors are focused on introducing new technologies to reinforce their position. For instance, in June 2021, Charoen Pokphand Foods PCL, a Thailand-based agro-industrial company, developed a unique feed formula that contains microorganisms and improves the digestive systems of farm animals through animal food that fits different ages and types of animals. This probiotic technology keeps animals healthy and strong without the use of growth hormones or antibiotics. The product also protects animals from diseases and improves immunity.

Cattle Feed & Feed Additives Market Segment
1) By Ingredient: Corn, Soyabean Meal, Wheat, Oil Seeds And Grains, Other Ingredients
2) By Product: Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Acidifiers, Other Products
3) By Application : Beef Cattle, Dairy Cattle, Calves, Other Applications

Cattle Feed & Feed Additives Market Major Players and Strategies
Major players in the cattle feed & feed additives market are Adisseo France S.A.S, Archer Daniels Midland company, BASF SE, Biomin, Cargill Incorporated, Charoen Pokphand Foods PCL, Chr. Hansen Holding A/S, Country Bird Holdings Limited, Evonik Industries AG, Hansen Holdings, Kent Corporation, Land O’Lakes Inc., Nutr??? N.V., ?llt??h, Koninklijke DSM N.V., Elanco Animal Health Incorporated, Kemin Industries, and New Hope Group.

In October 2020, Royal DSM NV, a Netherlands-based company that operates in the areas of nutrition, health, and sustainable living, acquired Erber Group for a deal amount of $ 982 million. This acquisition strengthens DSM’s expertise and market position in animal health and nutrition solutions. Erber Group is an Austria-based company that offers specialty animal nutrition products, such as feed additives and health solutions.

The Cattle Feed & Feed Additives Global Market Report 2023 covers regional data on cattle feed & feed additives market size, cattle feed & feed additives market trends and drivers, opportunities, strategies, and cattle feed & feed additives market competitor analysis. The countries covered in the cattle feed & feed additives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Cattle feed additives refer to the products that are used to increase cattle nutrition and are added to cattle feed to provide complete nutrition to farm cattle. These are ground, pelleted, crumbled, or mixed feed used for feeding cattle. These feeds are balanced for various nutrients as per cattle needs. Feed additives are compounds fed to cattle for reasons other than supplying nutrients, such as promoting good cattle health and improving their growth.

View More Reports Related To The Cattle Feed & Feed Additives Market –
Cattle Feeds Global Market Report 2023
Aquafeed Global Market Report 2023
Feed Acidifiers Global Market Report 2023

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