This report covers the recent COVID-19 and its impact on Ruminant Feeds Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
— The ruminant feed is the fodder that is blended from various raw materials and additives. These blends are formulated according to the specific requirements of the target animal. They are manufactured by feed compounders as meal type, pellets, or crumbles.
Due to the high cost of feed input, raising animals such as cattle is always challenging. It is estimated that the cost of feed for dairy and buffaloes accounts for almost 35% to 50% of all milk and meat produced. Therefore, compound feed has played an important role in reducing the feed cost of livestock producers in two ways. First, it improves the digestive system of cattle by changing pH and metabolism; second, it improves and maintains animal growth by providing important nutrients (such as amino acids and vitamins).
The main drivers of market growth are small farmers, millers and livestock manufacturers who are increasingly mixing ruminant feed on farms to provide ruminants with the required amount of specific nutrients. Increased demand for high-value animal proteins, increased awareness of the safety of meat and dairy products, and increased production of industrialized livestock have driven the growth of the ruminant feed market. The growth of the global population, the increase in global per capita meat consumption and the increasing adoption of intensive farming methods are the main drivers of ruminant feed demand. Regulatory issues are the biggest obstacle to the global ruminant feed market. In most countries, the production of animal feed is subject to feed regulations. The main focus of feed additives is to enhance the performance and health of animals. The increased use of these ingredients in different sectors has led to competition between the raw material industries, which has had an adverse effect on market growth.
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The Major Players Profiled in This Report Include:
Archer Daniels Midland
Chia Tai Group
The Type and Application Analysis:
On the basis of type, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into:
Ruminant Feed Premix
Ruminant Feed Concentrate
Ruminant Feed Ingredients
On the basis of application, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each application/end users, primarily divided into:
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Europe dominates the global ruminant feed market. In terms of consumption, Europe is a mature market for ruminant feed. In this area, the ruminant feed has long been used to increase livestock productivity. North America also occupies a large market share because of its large consumption of meat.
Ruminant Feeds Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Ruminant Feeds Market by Types
Chapter 4 Segmentation of Ruminant Feeds Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Ruminant Feeds Market in Major Countries
Chapter 7 North America Ruminant Feeds Landscape Analysis
Chapter 8 Europe Ruminant Feeds Landscape Analysis
Chapter 9 Asia Pacific Ruminant Feeds Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Ruminant Feeds Landscape Analysis
Chapter 11 Major Players Profile
11.1.1 Cargill Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Archer Daniels Midland
11.2.1 Archer Daniels Midland Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3 DBN Group
11.3.1 DBN Group Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Key Questions Answered by This Report:
What is the size and CAGR of the Ruminant Feeds Market?
What are the key driving factors of the most profitable regional market?
Which are the leading companies in the global market?
How will the Ruminant Feeds Market advance in the coming years?
What are the main strategies adopted in the global market?
Which region may hit the highest market share in the coming era?
What trends, challenges, and barriers will impact the development and sizing of the Ruminant Feeds Market?
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