Authored By: Sarah
01 Jul 2024

 Ruminant Feed Market Size to grow by USD 27.18 billion between 2023-2027

According to a research report “ Ruminant Feed Market” by End-user (Dairy farm, Veterinary hospitals, Other) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 27.18 billion, at a CAGR of  4.44% during the forecast period. In the ruminant feed market, there is a growing emphasis on enhancing the health and safety of livestock and dairy animals due to heightened consumer awareness of related diseases. This focus on animal health contributes significantly to the production of hygienic and safe meat, which is essential for sustainable food production. Notably, the industry landscape is witnessing an uptick in strategic partnerships, mergers, and acquisitions among market participants. These collaborations aim to expand brand portfolios, secure access to regional markets, provide competitive margins, and stimulate product demand.

Browse market data tables, figures, and in-depth TOC on “Ruminant Feed Market” by End-user (Dairy farm, Veterinary hospitals, Other) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2027. Download Free Sample

 

By End-user, the Dairy farm segment is projected to dominate the market size in 2024

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By Geography, APAC  segment is expected to hold the largest market size for the year 2024

In the global market, the demand for dairy products continues to surge due to their numerous health benefits. These products are derived primarily from ruminant animals, including cows, water buffalos, nanny goats, and sheep. The dairy industry is the leading consumer of ruminant feed, with major dairy products such as milk, cheese, butter, yogurt, cream, curd, and paneer being produced in vast quantities. Cattle specifically bred for their high milk production capacity are referred to as dairy cattle. The worldwide market for ruminant and other dairy animal feed is significantly influenced by the dairy industry's insatiable demand for these nutrient-rich feeds to ensure optimal milk production and product quality.

APAC is forecasted to hold the largest market size by region in 2024

The Asia-Pacific (APAC) region holds the largest market share in the global ruminant feed market, driven by increasing meat consumption and stringent regulations on meat quality. With abundant raw materials like corn and a large population, developing economies such as China and India are expected to witness the highest growth rates, registering a CAGR of approximately X% between 2023 and 2027. The region's dominance is further bolstered by the easy availability of raw materials and the growing demand for high-quality animal products.

The Ruminant Feed Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Alltech Inc.
  • Archer Daniels Midland Co.
  • Beneo GmbH
  • Bentoli
  • Cargill Inc.
  • Charoen Pokphand Foods PCL
  • Davidson Brothers Shotts Ltd.
  • Epol
  • Evonik Industries AG
  • ForFarmers NV
  • Godrej Agrovet Ltd.
  • Kamdhenu Cattle Feeds Pvt. Ltd.
  • Kemin Industries Inc.
  • Koninklijke DSM NV
  • Land O Lakes Inc.
  • Neogen Corp.
  • Perdue Farms Inc.
  • SHV Holdings NV
  • Tyson Foods Inc.
  • International Flavors and Fragrances
.

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Research Analysis Overview

The Ruminant Feed Market plays a crucial role in the Agriculture Organization's food production sector, supplying essential nutrients to cattle, sheep, and goats for meat and milk production. Ruminant feed comprises minerals, vitamins, fats, proteins, and other nutrients that ensure the quality and quantity of these commodities. Cattle health routine is a significant schedule for livestock producers to maintain animal health and prevent diseases. Geopolitical events and weather conditions impact the Ruminant Feed Market as raw materials like soybeans, grains, and protein sources can be affected by various factors. Regulatory standards for feed and animal health are essential to ensure sustainability and animal welfare. Feed efficiency and feed technologies are continually evolving to optimize production and reduce waste. Minerals and vitamins are essential for maintaining animal health, while fats and proteins are the primary sources of energy and muscle growth. The Ruminant Feed Market's success relies on the availability and affordability of these raw materials, which can be influenced by commodity markets and production costs. Overall, the Ruminant Feed Market's focus on animal health, sustainability, and feed efficiency is crucial for the global meat and dairy industries.

Market Research Overview

The Ruminant Feed Market in emerging nations is witnessing significant growth due to increasing business demand for meat and milk products. The ownership of livestock is on the rise in these countries, leading to a focus on cattle health and disease prevention. Veterinary health is a major concern, with disease outbreaks posing a threat to both livestock health and food security. Major companies like New Hope Liuhe, Muyuan Foods, Haid Group, BRF Ingredients, Bentoli, AB Vista, ForFarmers, De Heus, Charoen Pokphand Foods, ADM, and others are investing heavily in the production of nutritious feed for ruminant animals. These feeds contain essential minerals, vitamins, fats, proteins, and nutrients that help improve cattle immunity and productivity. The forage feed segment, including silage, pasture, hay, and cakes and meals, is a significant contributor to the market. Cereals, finisher feeds, grower feeds, and starter feeds are also popular choices for livestock farmers. The market is driven by the demand for meat and milk, with the cattle segment being the largest consumer. However, the market faces challenges such as poor implementation of cattle health routines, chronic diseases, and geopolitical events and weather conditions that impact commodity markets and raw material availability. Feed producers are focusing on eco-friendly and precision nutrition approaches, as well as food safety and animal welfare. Feed additives, including functional feed additives, play a crucial role in improving feed efficiency, reducing costs, and enhancing the quality and quantity of meat and milk production. Regulatory standards and sustainability are becoming increasingly important in the ruminant feed market. The use of protein sources such as soybeans and grains is a focus area for feed producers, as they seek to meet the nutritional requirements of ruminant animals while minimizing environmental impact. In conclusion, the ruminant feed market is a dynamic and growing industry that plays a critical role in agriculture output, food security, and livestock health. The focus on disease prevention, animal healthcare, and sustainable production practices is driving innovation and investment in the sector. The Food and Agriculture Organization and other organizations are working to improve regulatory standards and promote best practices to ensure the long-term health and productivity of ruminant animals.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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