, January 10, 2018 ) North America Dairy Cattle Feed Market
was worth USD 22.75 billion in 2016 and estimated to be growing at a CAGR of 2.3%, to reach USD 25.49 billion by 2021. Dairy cattle have a higher metabolism than the normal cattle. Dairy cattle feed includes a variety of forage which includes grass, silage, legumes as well as an assortment of grain, soy and other high energy density diets. Dairy feed is mainly used in cattle farms and animal feeding units.
Dairy cattle feed is made specifically with the aim of improving the production of milk. Dairy cattle feed is especially rich in carbohydrates, proteins, fats, vitamins and minerals which are needed for the healthy growth of a milking animal. Common ingredients of cattle feed include corn-fed, soy feed, rice bran, oilseeds, alfalfa and wheat which is a major ingredient in almost all varieties of cattle feed due to its property of maintaining proper digestion of dairy cattle.
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The major factors affecting the Dairy Cattle Feed market is the obvious increase in demand for milk products. So the rising populations and changing consumption patterns of the people can be considered as indirect growth factors resulting in an increased demand for dairy products. Maintaining a healthy diet also prevents metabolic diseases in the herd and this serves as another growth factor for the market. As for the restraints for the market, the higher cost for specialized feed is the main one. The prospective advantages of using dairy cattle feed are also unknown to several regions and farmers still use traditional diets for their cattle. This lack of awareness among farmers is another restraining factor for the market.
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The North America Dairy Cattle Feed market is broadly classified into Vitamins, Trace Minerals, Amino Acids, Feed Antibiotics, Feed Acidifiers, Feed Enzymes, Antioxidants and Other Additives based on product type, by ingredient type they are classified into Corn, Soybean Meal, Wheat, Oilseeds and Grains and Others and based on Application they come under Dairy Cattle Growth Phase divided into Heifers and Dairy Cows and Others. Based on geography, the North America market is analyzed under USA and Canada. The North American market has the largest market share globally in spite of them having a low growth rate in recent years. This is expected as the scope for development in the region is quite low and the entrant of new players into the market is not encouraged by the presence of major market players native to the region.
Y-o-Y Growth Analysis, By Additive Type
Market Attractiveness Analysis, By Additive Type
Market Share Analysis, By Additive Type
Oilseeds and Grains
Y-o-Y Growth Analysis, By Ingredient Type
Market Attractiveness Analysis, By Ingredient Type
Market Share Analysis, By Ingredient Type
Dairy Cattle Growth Phase
Y-o-Y Growth Analysis, By Application
Market Attractiveness Analysis, By Application
Market Share Analysis, By Application
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The Dairy Cattle Feed market is highly competitive with a large number of players. Key market players dominating the market with their products include Cargill Incorporated, Archer Daniels Midland Company, BASF SE, Royal DSM NV, Nutreco NV, Amul, Kent Nutrition Group, Hi-Pro Feeds LP, Purina Animal Nutrition LLC, Kapila Krishi Udyog Limited and Agro Feed Solutions.
Scope of the Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the north america market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
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Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
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