Global $114.63Bn Ruminant Feed Market Insights & Projections, 2024 – Increasing Demand for High-Value Animal Protein – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global
Ruminant Feed Market – Growth, Trends, and Forecast (2019 – 2024)”

report has been added to ResearchAndMarkets.com’s
offering.

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.

Select Findings

  • 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.

Government Regulations

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.

Europe Dominates the Global Ruminant Feed Market

The growing global population, increasing per capita global consumption
of meat, and the increasing adoption of intensive farming methods are
the major factors driving the demand for ruminant feed. Europe is a
matured market for ruminant feed, in terms of consumption.

In the region, ruminant feed has long been used as productivity
enhancers in livestock. Therefore, the regional market is modern and
highly regulated, especially in Western Europe. The major countries in
the market are Spain and Germany.

Competitive Landscape

The global ruminant feed market is fragmented with some feed
manufacturers, while the rest of the market is divided among small
companies, mostly feed mills. Around 94% of the market share is occupied
by feed mills, while the top five companies account for 6% of the
remaining share.

Major investments are done by companies in their domestic markets to
cater to the local demand. Expansion is the second-most preferred growth
strategy, followed by investment, in the global ruminant feed market. In
addition to this, various companies are also enhancing production
capacities of their existing plants across the world.

Key Topics Covered

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers, Restraints and Opportunities

4.3 Market Drivers

4.4 Market Restraints

4.5 Market Opportunities

4.6 Industry Attractiveness – Porter’s Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Animal Type

5.1.1 Dairy Cattle

5.1.2 Beef Cattle

5.1.3 Other Animal Types

5.2 Ingredient

5.2.1 Cereals

5.2.2 Cakes and Meals

5.2.3 Food Wastages

5.2.4 Feed Additives

5.2.5 Other Ingredients

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia-Pacific

5.3.4 South America

5.3.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Most Adopted Strategies

6.2 Market Share Analysis

6.3 Company Profiles

6.3.1 Cargill Inc.

6.3.2 Land O’ Lakes Feed

6.3.3 DBN Group

6.3.4 Archer Daniels Midland

6.3.5 Evialis

6.3.6 ForFarmers

6.3.7 DLG Group

6.3.8 DSM N.V.

6.3.9 De Heus

6.3.10 Lallemand Animal Nutrition

6.3.11 Biomin

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/123l5c

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Related
Topics: Animal
Feedstuffs