Ruminant Feed Market 2019: Future Growth, Global Survey, Analysis, Share, Comprehensive Analysis, Emerging Technologies, Trends and Forecast by 2026-The Revert News
2019 Research Report on Global Ruminant Feed Market is a professional and comprehensive report on the Ruminant Feed industry. The report monitors the key trends and market drivers in the current scenario and offers on-the-ground insights.
Rising prevalence of chronic diseases among cattle is a key factor driving the global ruminant feed market, says Fortune Business Insights in a report, titled “Ruminant Feed Market Size, Share and Global Trend By Product (Vitamins, Minerals, Antibiotics, Amino Acids), By End-user (Dairy Farm, Veterinary Hospitals, Others) and Geography Forecast till 2026.” Growing adoption of animal farming is expected to contribute positively to the global ruminant feed market.
As per the report, the increasing demand for nutritious feed for cattle healthcare is predicted to boost the global ruminant feed market revenue. According to the Food and Agriculture Organization of the United Nations, livestock contributes an estimated 39.98% of the global agriculture output; also, it offers food security for an estimated 1.3 billion people worldwide.
The prominent players in the global ruminant feed market report include:
- Land OLakes, Inc.
- BIOMIN Holding GmbH
- Archer Daniels Midland Company
- Kent Corporation
- Charoen Pokphand Foods PCL
- R. Simplot Company
The report provides qualitative and quantitative analysis of the ruminant feed industry. In addition this, it calculates the ruminant feed market growth rate. Growth opportunities witnessed across key segments in the market are highlighted as well in the study.
Launch of RUMIPRO High-Quality Products by Biochem Products B.V. Will Enable Growth
Biochem Products B.V., a feed manufacturer company launched RUMIPRO, a line of high-quality products to address the specific nutritional requirements of ruminants. The launch of RUMIPRO is expected to boost the global ruminant feed market growth. Further, the rising prevalence of chronic diseases among cattle around the world is expected to aid the growth of the global ruminant feed market. The rising adoption of animal farming for higher revenues and productivity is also predicted to stimulate the growth of the global ruminant feed market.
The increasing emphasis on livestock health is expected to further augment the growth of the global ruminant feed market. The advantages offered by ruminant feed such as improved cattle immunity as well as higher production is expected to fuel demand, which in, turn, will accelerate growth of the global ruminant feed market. In addition, the launch of REP5 program to maximize feed benefits is also predicted to stimulate growth of the ruminant feed market. for instance, Canadian Bio-Systems Inc. launched REP5 program to maximize feed benefits for ruminants through its enhanced product portfolio.
- Amino Acids
- Dairy Farm
- Veterinary Hospitals
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)
Lack of Proper Guidance Among Farmers Will Hamper Growth
lack of proper guidance in rural farmers along with poor implementation are factors expected to restrict the ruminant feed market growth in the forthcoming year. Likewise, higher costs associated with ruminant feed is expected to further hamper the growth of the global ruminant feed market.
Growing Cattle Farming Will Facilitate Growth In North America
Geographically, the global ruminant feed market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and the Middle East and Africa. North America dominated the global ruminant feed market in 2017 and is predicted to dominate during the forecast period owing to the surge in cattle farming and rising emphasis on higher production of ruminant feed. Further, rising importance on milk and milk product and along with increasing meat demand is further expected to augment the growth of the global ruminant feed market.
Asia Pacific and Middle East and Africa hold huge potential for growth of the global ruminant feed market owing to rising ownership of livestock, growing prevalence of disease outbreaks and spreading awareness by government authorities for veterinary health. In addition, escalating business demand for animal farming in emerging nations such as India and China along with increasing research and developments for higher production of feed is predicted to foster the growth of the global ruminant feed market in Asia Pacific
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