Cattle Feed Market to Reach $78.3 Bn, Globally, by 2027 at 4.4% CAGR: Allied Market Research

Replacement of traditional cattle feed with nutritionally balanced compound feed and livestock industrialization drive the growth of the global cattle feed market.

News provided by

Allied Market Research

Feb 08, 2021, 08:15 ET

PORTLAND, Ore., Feb. 8, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Cattle Feed Market by Cattle Type (Beef and Dairy) and Distribution Channel (Offline and Online): Global Opportunity Analysis and Industry Forecast 2021–2027."According to the report, the global cattle feed industry was estimated at $73.5 billion in 2019, and is expected to hit $78.3 billion by 2027, registering a CAGR of 4.4% from 2021 to 2027.

Drivers, restraints, and opportunities-

Replacement of traditional cattle feed with nutritionally balanced compound feed and livestock industrialization drive the growth of the global cattle feed market. On the other hand, challenges related to the gap between demand and supply of cattle feed act as an impeding factor to the market growth. However, nutrigenomics applications and prospects in livestock is expected to create lucrative opportunities for the key players in the industry.

Request Sample Report at : https://www.alliedmarketresearch.com/request-sample/9859

Covid-19 scenario-

The outbreak of the pandemic led to constant demand for cattle feed, however, the supply chain was immensely affected
Furthermore, the demand for consumption of fish and meat has declined all across the globe. This factor impacted the demand for Grain and Oilseed (G&O) as well.
Various regions and industries are now revitalizing as the relaxations are getting eliminated by the government bodies. With this, the market is projected to recoup soon.

The dairy segment to lead the trail by 2027-

Based on cattle type, the dairy segment contributed to nearly three-fifths of the global cattle feed market share in 2019, and is expected to retain its dominance by the end of 2027. The same segment would also grow at the fastest CAGR of 4.6% throughout the forecast period. The fact that dairy industry is one of the oldest and vital industries in the food sector, drive the growth of the segment.

The offline segment to dominate during the estimated period-

Based on distribution channel, the offline segment accounted for around two-fifths of the global cattle feed market revenue in 2019, and is projected to rule the roost by 2027. The offline sale is the primary sales strategy for majority of the businesses for B2B marketing scenario. The online segment, on the other hand, would register the fastest CAGR of 6.4% from 2020 to 2027. This is due to rapid growth in online and mobile user customer bases in the emerging markets.

Asia-Pacific, followed by North America, to rule the roost in terms of revenue-

Based on region, Asia-Pacific, followed by North America, held the major share in 2019, garnering more than two-fifths of the global cattle feed market. Food and feed systems in the Asia-Pacific region are changing rapidly in terms of supply and demand dimensions owing to the economic growth, structural transformation, emerging technologies, and urbanization. However, the LAMEA region is expected to manifest the fastest CAGR of 5.3% from 2020 to 2027. The presence of vast areas supporting favorable climate pattern and rational use of inputs, including grains (corn, soybean) and fertilizers, have offered an ability to regions such as Brazil, Argentina, and Africa to be the major livestock producers in the LAMEA region. This in turn augment the growth of market in this region.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/9859

Frontrunners in the industry-

Archer Daniel Midland Company
BASF SE
Beijing Goke Agriculture Machinery Co., Ltd.
Cargill, Inc.
Charoen Pokphand Foods
J. R. Simplot Company
Kemin Industries
Land O' Lakes Inc.
Nutreco NV
Provita Eurotech Ltd.

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Fish Farming Market: Global Opportunity Analysis and Industry Forecast, 2021–2027

Aquaculture Market: Global Opportunity Analysis and Industry Forecast, 2021-2027

Smart Agriculture Market: Global Opportunity Analysis and Industry Forecast, 2021–2027

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research