USD 485.87 billion
Ruminant Feed Market Size, Share, Growth Analysis, By Animal Type(Dairy Cattle, Beef Cattle, Other Animals), By Ingredient Type(Cereals, Oil Cakes, Meals, Food Wastages), By Region - Industry Forecast 2024-2031
Report ID:
SQSG30C2018 |
Region:
Global |
Published Date: July, 2036
Pages:
225
|Tables:
66
|Figures:
75
Ruminant Feed Market Insights
Ruminant Feed Market size was valued at USD 485.87 billion in 2019 and is poised to grow from USD 501.9 billion in 2023 to USD 672.24 billion by 2031, growing at a CAGR of 3.3% in the forecast period (2024-2031).
Animal husbandry relies heavily on cattle feed, which accounts for a major portion of overall costs. To lower the price of this food, many farmers may use cheaper feeds as well as by-products from other food production processes, such as leftover grain from beer production and other sources. The success of the livestock sector hinges in large part on the condition of the animals in it. High-quality, nutritionally complete feed is crucial to the health of animals. Feed acidifiers, feed enzymes, feed antibiotics, and feed microbes are all areas where the cattle feed sector is seeing growth. Increased interest in the quality of the components used in animal feed drives the demand for ruminant feed and propels market growth.
US Ruminant Feed Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Dairy Cattle
Fastest Growth
Dairy Cattle
Growth Rate
3.3% CAGR
Global Ruminant Feed Market 2024-2031 ($ Bn)
Country Share for North America Region- 2024-2031 (%)
To get more reports on the above market click here to Buy The Report
Ruminant Feed Market Segmental Analysis
The Global Ruminant Feed Market is segmented based on animal type, ingredient type, and region. Based on animal type, the Ruminant Feed Market is segmented into dairy cattle, beef cattle, and other animals. Based on ingredient type, the Ruminant Feed Market is segmented into cereals, oil cakes and meals, food wastages, feed additives, and other ingredients. Based on region, the global Ruminant Feed market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Ruminant Feed Market Analysis by Animal Type
The global ruminant feed market is segmented into dairy cattle, beef cattle, and other ruminant types of which the dairy cattle accounted for the largest market share globally in the year 2021. The increasing demand for milk and milk products is propelling the dairy cattle feed segment and will continue to do so during the analysis period. The beef cattle feed segment is expected to show tremendous growth during the analysis period. Beef cattle are generally free-range grazed animals but due to increasing demand and severe drought in various regions due to less rainfall the beef cattle are also fed with ruminant feed to increase weight and attain market sellable weight. These all factors are driving the ruminant feed demand globally and would propel the ruminant feed market growth during the analysis period.
Global Ruminant Feed Market By Animal Type, 2024-2031 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Ruminant Feed Market Regional Insights
In 2021, North America accounted for more than 35% of the global ruminant feed market and this is due to the increasing demand for milk and milk derivatives in the region. Increasing demand for beef and other dairy by-products is the major reason for this dominance. Increasing awareness among farmers regarding the high-quality feed and its benefits the milk production and the health of the dairy animal are some of the major reasons for increasing demand for balanced feed in countries like The US and Canada. These are some of the major factors responsible for the growth of the ruminant feed market in the North American region.
Europe and the Asia Pacific regions are the fastest growing consumer of beef and dairy product which is also propelling the demand for balanced and nutritious ruminant feed in the region which will propel the demand for the ruminant feed market globally during the analysis period.
Global Ruminant Feed Market By Geography, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Ruminant Feed Market Dynamics
Ruminant Feed Market Driver
- The rising middle class, with more discretionary means and knowledge of the health benefits of animal source protein, is a major element boosting the demand for animal meat and dairy products. These proteins are essential for enhanced protein synthesis because they are both highly bioavailable and easily digested. The demand for ruminant feed, which is essential in the production of high-quality meat and dairy, is expected to rise as a result of improving economic conditions in developing nations and rising spending on health and wellbeing.
Ruminant Feed Market Restraint
- Rain is an essential component in the production of the basic materials used to make feed, including corn, soy, wheat, rice, and other cereal crops. In light of this, any catastrophe or natural tragedy will impede the raw material supply and increase the cost of raw materials, slowing production and restraining the expansion of the ruminant feed industry.
Request Free Customization of this report to help us to meet your business objectives.
Ruminant Feed Market Competitive Landscape
The ruminant feed market is relatively fragmented, with a high level of competition. Few large players, like Cargill Inc, De Heus, and ForFarmers, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Ruminant Feed Market Top Player’s Company Profiles
- Cargill, Incorporated
- Archer Daniels Midland Company
- Land O'Lakes Inc.
- BASF SE
- Alltech, Inc.
- DSM Nutritional Products AG
- Chr. Hansen A/S
- Nutreco N.V.
- ForFarmers N.V.
- Evonik Industries AG
- Balchem Corporation
- Kent Nutrition Group, Inc.
- Ridley Corporation Limited
- Biomin Holding GmbH
- Purina Animal Nutrition LLC
- Kay Dee Feed Company
- Hipro Animal Nutrition
- Hi-Pro Feeds LP
- New Hope Group Co., Ltd.
- J. Grennan and Sons
Ruminant Feed Market Recent Developments
- In July 2022, WinField United and AgVend announced a new agreement today that will allow agricultural retailers and growers to use AgVend's digital enablement technology to access WinField United's patented digital tools, services, and marketing campaigns. The alliance will provide locally owned ag shops with a breakthrough digital experience, allowing them to grow their leadership by offering the tools they need to be more dynamic and fulfill day-to-day demands.
- In June 2022, Land O'Lakes, Inc. has given butter a new twist with the introduction of Land O Lakes® Butter Balls, which are half-tablespoon butter balls for everyday cooking. These unique products for retail shelves offer Land O Lakes® Butter in a convenient, pre-portioned amount that makes cooking easier. It was inspired by consumers who began cooking during the pandemic.
- In November 2021, De Heus Vietnam has acquired Masan feed to make its presence stronger and to build a strategic position in the Vietnam animal feed market in the coming time.
Ruminant Feed Key Market Trends
- Increasing demand for meat and dairy product is driving the livestock market and to get high-quality milk and meat farmers are using ruminant feed apart from conventional grazing for better and improved production. This enables the increasing use of different feed additives in ruminant feed which has seen a steep raise in recent years. This increasing demand for feed additives such as enzymes and vitamins and minerals drove the ruminant feed additive market during the analysis period.
- Introduction of various enzymes for better digestibility of nutrients and increasing food conversion ratio are some of the major trends that are being witnessed in the ruminant feed industry and all major players are investing and developing feed plants with various feed additives which are boosting the demand for ruminant feed market.
Ruminant Feed Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Animal husbandry relies heavily on cattle feed, which accounts for a major portion of overall costs. The global ruminant feed market is segmented into dairy cattle, beef cattle, and other ruminant types of which the dairy cattle accounted for the largest market share globally in the year 2021. North America, Europe, Asia-Pacific, South America, and MEA are some of the regions that make up the Global Ruminant Feed Market. The increasing demand for milk and milk products is propelling the dairy cattle feed segment and will continue to do so during the analysis period. North America accounted for more than %3% of the global ruminant feed market in 2021.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 485.87 billion |
| Market size value in 2031 | USD 672.24 billion |
| Growth Rate | 3.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Ruminant Feed Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Ruminant Feed Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Ruminant Feed Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ruminant Feed Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ruminant Feed Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ruminant Feed Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
