Title: Global cattle feed market is expected to grow at a CAGR of approximately 3% during 2018-2023
1Cattle feed market is expected to grow at a CAGR
of approximately 3 during 2018-2023
2Asia Pacific dominates the Cattle Feed Market
- Asia Pacific will dominate the cattle feed market
during the forecast period. Emerging countries in
the region such as Vietnam, Japan, India, and
China are expected to drive the demand for cattle
feed due to growth of disposable income, huge
demand for milk and meat. In Europe, increasing
consumer concerns and demand for meat products
will enhance the growth of cow feed. Brazil is
expected to be a growing market followed by
Mexico and Canada.
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3Selected Regulatory Analysis done in the full
Report
- The beef segment will dominate the cattle feed
market in the coming years. Growing demand for
beef products in North America and Southeast
Asian countries such as Canada, US, China, and
Indonesia elevate the growth of beef cattle. In
the beef production systems, cow calf operation
units are large when compared to the feedlot
operators in the US. This factor will drive the
number of feed cattle entering the feedlot
operations in the coming years.
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4Selected Driving Factors Mentioned in the Full
Report
- Growing demand for meat and dairy products will
enhance the growth of cattle pellets during the
forecast period. - The hygienic factor along with high nutrients,
convenient handling, and ease in availability
will spur the growth of the cattle feed
supplements. - Growth of the cattle feed population will boost
the demand for cattle protein pellets in the
forecast period. - Growth of Asia Pacific and Latin America Markets
present various opportunities for cattle feed.
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5Key Players of the Cattle Feed Market
- Applegate Livestock Equipment Inc
- Provita Eurotech Ltd
- Beijing Goke Agriculture Machinary Co. Ltd.
- J.R Simplot Company
- Van Aarsen International
- Schuler Mfg. Quip. Co. Inc.
- Mid Valley Manufacturing Inc.
- Stroberg Euipment Company
- Eb Equipment Limited
- Laird Manufacturing
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