Global Ruminant Feed Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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Market By Top Companies:
Cargill Inc., Land OÕ Lakes Feed, DBN Group, Archer Daniels Midland, Evialis, ForFarmers, DLG Group, DSM NV, De Heus, Lallemand Animal Nutrition, Biomin
The global ruminant feed market is poised to register a CAGR of 3.16%, and it is expected to reach USD 114.63 billion by 2024.
– The major driving factor for growth of the market is increasing trend of on-farm mixing by small farmers, millers, and livestock manufacturers to provide specific nutrients to ruminants in required quantities.
– Some major drivers of the ruminant feed market identified in this report are increasing demand for high-value animal protein, increased awareness regarding the safety of meat and milk products, and increased industrial livestock production.
– The major restraints identified in this report are rising cost of raw materials and government regulations.
Ruminant feed is the fodder that is blended from various raw materials and additives. These blends are formulated according to the specific requirements of the target animal. They are manufactured by feed compounders as meal type, pellets, or crumbles.
Industry Research Coverage
Regulatory issues are the biggest constraints in the global ruminant feed market. Animal feed production comes under feedstuff regulations, in most countries. The regulatory framework is increasingly getting stringent, such as in 2006 in the EU and in 2009 in the United States, which banned the use of certain antibiotics as growth promoters in animals. Producers of feed and feed additives are required to follow strict regulations implemented by regional and national health and safety organizations for their products approval in the developed countries. This ultimately affects the cost of the final products. Such regulatory initiatives are posing challenges for existing feed products and increasing the cost of new feeds development. The major concern for feed additives is to enhance animal performance and health. The rise in the usage of these ingredients in different sectors is leading to a competition between the industries for raw materials, which adversely affects the growth of market.
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Major points covered in this research are:-
─Ruminant Feed Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2024), Competition by Manufacturers
─Global Market Size (Value) of Ruminant Feed (2020-2024)
─Global Ruminant Feed Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2024)
─Global Ruminant Feed Production, Revenue (Value), Price Trend by Type
─Global Ruminant Feed Market Analysis by Application
─Global Ruminant Feed Manufacturers Profiles/Analysis
─Ruminant Feed Manufacturing Cost Analysis
─Industrial Chain, Sourcing Strategy and Downstream Buyers
─Marketing Strategy Analysis, Distributors/Traders
─Market Effect Factors Analysis
─Global Ruminant Feed Market Forecast (2020-2024)
─Research Findings and Conclusion
Finally, this Ruminant Feed report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Ruminant Feed product development and gives an outline of the potential Global market.
Irfan Tamboli (Sales)
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