Market Trends of Asia-Pacific Ruminant Feed Industry
This section covers the major market trends shaping the APAC Ruminant Feed Market according to our research experts:
Growing Demand for Animal Protein
One of the highest growth for meat consumption is recorded in the Asia-Pacific region because of changing diet patterns, urbanization, rising population, and economic growth. In recent years there is an increasing awareness among the population, regarding the health benefits of protein intake. This brought several changes in dietary habits and consumption patterns, where the shift towards the increased consumption of meat and dairy products has been observed. Owing to this, the production quantity of ruminant meat has shown a positive growth rate of 8.3% from 2016 to 2019. Due to rising health consciousness among consumers, they are focusing on nutritious rich products, derived from cattle that are provided by enriched feed products. This increasing demand for various animal products is imposing a positive impact on the growth of the ruminant feed market in this region.
China Dominates the Market
The growing consumption of cattle feed in China is creating opportunities for cattle feed additives and organic feed. Manufacturers are developing innovative techniques to increase production capacity and reduce costs. Feeding bovine livestock is challenging in pacific countries like Australia as compared to India where substitute products for ruminants which are cheaper are widely available. Ruminant feeding has become an important part in developing countries like India as it reduces feed input cost for livestock producers in two ways: firstly, it improves the cattle's digestive system by pH shift and metabolic modification, and secondly, it improves and maintains the growth of the animal by providing important nutrients, such as amino acids and vitamins. Furthermore, the growing population, increasing per capita consumption of meat, and the increasing adoption of intensive farming methods are the major factors driving the demand for ruminant feed in the region.
