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The Ruminant Feed Market size is estimated to increase by USD 27.18 billion and grow at a CAGR of 4.44% between 2022 and 2027. The growth of the market depends on several factors, such as rising concerns over cattle health, growing number of strategic partnerships and acquisitions, and rising demand for precision nutrition. Escalating concerns regarding cattle health are driving significant growth in the market. With consumers increasingly informed about livestock diseases, there's a rising demand for high-quality feed ingredients to improve meat quality and safety. Livestock farmers prioritize animal health for sustainable food production and hunger alleviation, highlighting the importance of ensuring domestic animal welfare. Additionally, the market sees a rise in partnerships, mergers, and acquisitions aimed at expanding brand portfolios and regional presence. Advancements in feed technologies and adherence to strict government regulations support this growth, promoting environmental sustainability and feed efficiency while enhancing animal health.
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This report extensively covers market segmentation by animal type (dairy cattle, beef cattle, and other animal types), end-user (dairy farm, veterinary hospitals, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
The market share growth of the dairy cattle segment will be significant during the forecast period. The dairy cattle segment was valued at USD 47.34 billion in 2017 and continued to grow until 2021. The most crucial dairy animals are cows, water buffaloes, goats, and sheep. Milk, cheese, butter, yogurt, and other types of products like cream, curd, and paneer are all examples of essential dairy products. The dairy industry dominates the ruminant and other dairy animal feed markets worldwide.
According to the Food and Agriculture Organization of the United Nations (FAO), the production of dairy products will increase by 55% by 2050. The segment drives the growing demand for milk and milk products in emerging markets. growth, which in turn will boost the growth of the global ruminant feed market during the forecast period.
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The end user segment is based on a dairy farm, veterinary hospitals, and others. The growing demand for dairy and milk products in emerging economies has led to the increased commercialization of cattle rearing, resulting in a rising demand for ruminant feed. As the population continues to grow, the demand for cow feed is expected to rise. Therefore, the dairy farm segment is expected to witness high growth, which will, in turn, boost the growth of the global animal feed market.
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APAC is estimated to contribute 41% to the growth of the global animal feed market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC dominates the global market with the largest market share in 2022. Growing meat consumption, along with stringent regulations on meat quality, is expected to drive the growth of the regional market during the forecast years. Additionally, the easy and abundant availability of raw materials such as corn in the region is expected to boost market growth. India is estimated to register the highest CAGR between 2023 and 2027. In developing economies, such as China and India, livestock stocks have proliferated since the last decade due to the large population and the significant increase in meat consumption.
The market is integral to supporting the needs of small farmers, millers, and livestock manufacturers in meeting the demand for high-value animal protein from ruminants. This market encompasses a wide range of meat and milk products, catering to the requirements of industrial livestock production. Governed by government regulations and overseen by bodies like EFSA (European Food Safety Authority), animal feed companies develop diverse product portfolios targeting specific livestock species. These feeds are formulated to optimize gastrointestinal functions and metabolism, ensuring feed efficiency and animal health. Advancements in feed technologies have led to the development of specialized formulations enriched with essential nutrients, vitamins, and minerals, contributing to sustainability and environmental impacts. Through precision nutrition and feed additives, the industry strives for sustainable sourcing while adhering to regulatory standards to meet the needs of a growing global population reliant on meat and dairy consumption. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help stakeholders in the value chain refine their marketing strategies to gain a competitive advantage.
The market is witnessing significant growth, fueled by escalating concerns regarding cattle health. As consumers become increasingly knowledgeable about livestock and dairy diseases, there is a surging demand for premium feed ingredients capable of enhancing the quality and safety of meat. Livestock farmers are prioritizing animal health to foster sustainable food production and combat hunger effectively. The imperative for safe and hygienic meat underscores the pivotal role of ensuring the health and safety of domestic animals. Furthermore, the market is witnessing a proliferation of partnerships, mergers, and acquisitions aimed at enriching brand portfolios, expanding into regional markets, and bolstering product demand. This growth trajectory is supported by advancements in feed technologies, precision nutrition, and compliance with rigorous government regulations and regulatory standards to mitigate environmental impacts while enhancing animal health and feed efficiency.
Growing demand for meat products is the key trend in the market. The increase in demand for meat and animal products and the accompanying increase in commercial animal husbandry are the main factors driving the growth of the global market. Growing health awareness among consumers has increased demand for dairy and meat products as a source of various nutrients, especially protein, which has had a positive impact on ruminant nutrient demand. Such factors are shaping the market growth.
Shifting consumer preferences for vegan food is the major challenge impeding market growth. The rising concerns over cattle health and cruelty have encouraged people to move to plant-based diets instead of animal-based diets. Increasing awareness of the benefits of vegan food is a key factor in the increase in demand and consumption of vegan food. Thus, the demand for vegan food has increased due to changing consumer preferences.
Veganism means abstaining from the use of all animal products, especially in food. People choose a vegan diet mainly because of its health benefits, such as reduced obesity and better heart health. Restaurants are also encouraging the growth of veganism and adding vegan options to their menus to attract vegan consumers. For example, veggie cheese, veggie burgers, and plant-based drinks are some of the vegan foods offered at various restaurants. Growing preference for veganism globally is expected to reduce the demand and consumption of meat, which in turn will reduce the demand for ruminants and slow down the market growth during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Market caters to small farmers, millers, and livestock manufacturers, supplying high-value animal protein through meat and milk products. Amidst industrial livestock production, animal feed companies target species' gastrointestinal functions and metabolism with specialized formulations rich in essential nutrients, vitamins, and minerals. Advancements in feed technologies optimize feed efficiency and animal health, fostering sustainability and environmental impacts. Regulatory standards uphold animal welfare and food safety, ensuring a diverse range of ingredients like grains, soybeans, and protein sources withstand weather conditions and geopolitical events affecting raw material costs. The market trends towards personalized feed formulations, ecofriendly feed sourcing, and digital technologies for optimal nutrition, embracing alternative protein sources and circular economy principles. Integrated with technology and data analytics, the industry prioritizes immunity and tackles environmental challenges through innovative production practices and functional feed additives.
Ruminant Feed Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.44% |
Market growth 2023-2027 |
USD 27.18 billion |
Market structure |
USD Fragmented |
YoY growth 2022-2023(%) |
3.56 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 41% |
Key countries |
US, China, Russia, Spain, and Brazil |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alltech Inc., Archer Daniels Midland Co., Beneo GmbH, Bentoli, Cargill Inc., Charoen Pokphand Foods PCL, Davidson Brothers Shotts Ltd., Epol, Evonik Industries AG, ForFarmers NV, Godrej Agrovet Ltd., Kamdhenu Cattle Feeds Pvt. Ltd., Kemin Industries Inc., Koninklijke DSM NV, Land O Lakes Inc., Neogen Corp., Perdue Farms Inc., SHV Holdings NV, Tyson Foods Inc., and International Flavors and Fragrances |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Animal Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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