Major players in the cattle feed and feed additives market are Adisseo France SA 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.
New York, December 09, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of “Cattle Feed and Feed Additives Global Market Report 2022: The Impact of the Ukraine-Russia War” – https://www.reportlinker.com /p06372085/? utm_source=GNW
, Nutrition??? NV, ?llt??h, Koninklijke DSM NV, Elanco Animal Health Incorporated, Kemin Industries and New Hope Group.
The global cattle feed and feed additives market is expected to grow from $53.33 billion in 2021 to $57.01 billion in 2022 with a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war has upset 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 in many countries, rising commodity prices and supply chain disruptions affecting many markets around the world. The cattle feed and feed additives market is expected to reach $64.98 billion in 2026 with a 3.3% CAGR.
The cattle feed and feed additives market consists of the sale of cattle feed and feed additives by organizations (corporations, independent traders and partnerships) referring to ground, pelleted, crumbled or mixed feeds used to feed cattle. Various nutrients according to the needs of the cattle.
Feed additives are compounds fed to cattle for reasons other than to provide nutrients, such as promoting good cattle health and improving their growth. Cattle feed additives are products used to increase cattle nutrition and added to cattle feed to provide full nutrition to farmed cattle.
The main types of ingredients in cattle feed and feed additives are corn, soybean meal, wheat, oilseeds, grains and others. Corn is used as animal feed, biofuel and raw material in the farm industry.
Corn is a tall American cereal grass plant widely grown for its large ears of starchy grains available in a wide variety. Different products include antibiotics, vitamins, antioxidants, amino acids, feed enzymes and acidifiers and include böf ?ttl?, dairy products ??ttl?, ?lv? and many others.
Asia Pacific was the largest region in the cattle feed and feed additives market in 2021. The regions covered by the cattle feed and feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. .
The growing livestock and livestock industry is expected to drive the growth of the cattle feed and feed additives market. Livestock generally refers to cattle, sheep, horses, goats and other domestic animals raised on a farm.
Cattle feed and feed additives are used to raise livestock and livestock on farms, which helps add nutrients to their food and helps them grow faster. For example, according to the data of Eurostat, a Luxembourg-based European Commission Directorate General, in the 2021 political and economic union of 27 European countries, Europe’s livestock population will be 297 million, including 146 million pigs, 76 million cattle and 75 million sheep and goats. being evaluated.
In addition, according to Business Line, an India-based newspaper, livestock, dairy products and fisheries valued 8.6% in India for 2019. In addition, the dairy cattle population increased by 10.5% to 74.6 million in 2019 and is expected to increase by 60% by 2030. For this reason, the growing livestock and livestock feed and feed additives market is growing.
Technological advances are an important trend gaining popularity in the cattle feed and feed additives market. Large companies operating in the cattle feed and feed additives sector are focusing on introducing new technologies to strengthen their position.
For example, in June 2021, Charoen Pokphand Foods PCL, a Thailand-based agro-industrial company, developed a unique feed formula that improves the digestive systems of farm animals through animal feed containing microorganisms and suitable for different ages and animal species. 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.
In October 2020, Royal DSM NV, a Netherlands-based company operating in the fields of nutrition, health and sustainable living, acquired Erber Group for $982 million. This acquisition strengthens DSM’s expertise and market position in animal health. and nutritional solutions.
Erber Group is an Austria-based company that offers specialized animal nutrition products such as feed additives and health solutions.
The countries covered by the cattle feed and feed additives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, England, USA.
Cattle feed and feed additives market research report, global market size, regional shares, competitors with cattle feed and feed additives market share, detailed cattle feed and feed additives market segments, market trends and opportunities, and cattle feed and feed additives other data you may need to thrive in your industry. This cattle feed and feed additives market research report provides a complete perspective of everything you need with an in-depth analysis of the current and future state of the industry.
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