Market Snapshot
2015-2024
2018
Asia Pacific
Europe
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Market Overview
The global ruminant feed market is poised to register a CAGR of 3.16%, and it is expected to reach USD 114.63 billion by 2024.
- The major driving factor for growth of the market is increasing trend of on-farm mixing by small farmers, millers, and livestock manufacturers to provide specific nutrients to ruminants in required quantities.
- Some major drivers of the ruminant feed market identified in this report are increasing demand for high-value animal protein, increased awareness regarding the safety of meat and milk products, and increased industrial livestock production.
- The major restraints identified in this report are rising cost of raw materials and government regulations.
Scope of the Report
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.
| Animal Type | |
| Dairy Cattle | |
| Beef Cattle | |
| Other Animal Types |
| Ingredient | |
| Cereals | |
| Cakes and Meals | |
| Food Wastages | |
| Feed Additives | |
| Other Ingredients |
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Key Market Trends
Government Regulations
Regulatory issues are the biggest constraints in the global ruminant feed market. Animal feed production comes under feedstuff regulations, in most countries. The regulatory framework is increasingly getting stringent, such as in 2006 in the EU and in 2009 in the United States, which banned the use of certain antibiotics as growth promoters in animals. Producers of feed and feed additives are required to follow strict regulations implemented by regional and national health and safety organizations for their products approval in the developed countries. This ultimately affects the cost of the final products. Such regulatory initiatives are posing challenges for existing feed products and increasing the cost of new feeds development. The major concern for feed additives is to enhance animal performance and health. The rise in the usage of these ingredients in different sectors is leading to a competition between the industries for raw materials, which adversely affects the growth of market.
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Europe Dominates the Global Ruminant Feed Market
The growing global population, increasing per capita global consumption of meat, and the increasing adoption of intensive farming methods are the major factors driving the demand for ruminant feed. Europe is a matured market for ruminant feed, in terms of consumption. In the region, ruminant feed has long been used as productivity enhancers in livestock. Therefore, the regional market is modern and highly regulated, especially in Western Europe. The major countries in the market are Spain and Germany.
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Competitive Landscape
The global ruminant feed market is fragmented with some feed manufacturers, while the rest of the market is divided among small companies, mostly feed mills. Around 94% of the market share is occupied by feed mills, while the top five companies account for 6% of the remaining share. Major investments are done by companies in their domestic markets to cater to the local demand. Expansion is the second-most preferred growth strategy, followed by investment, in the global ruminant feed market. In addition to this, various companies are also enhancing production capacities of their existing plants across the world.
Major Players
* Complete list of players covered available in the table of contents below
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Introduction to Market Drivers, Restraints, and Opportunities
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4.3 Market Drivers
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4.4 Market Restraints
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4.5 Market Opportunities
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4.6 Industry Attractiveness - Porter's Five Forces Analysis
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4.6.1 Bargaining Power of Suppliers
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4.6.2 Bargaining Power of Buyers/Consumers
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4.6.3 Threat of New Entrants
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4.6.4 Threat of Substitute Products
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4.6.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Animal Type
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5.1.1 Dairy Cattle
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5.1.2 Beef Cattle
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5.1.3 Other Animal Types
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5.2 Ingredient
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5.2.1 Cereals
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5.2.2 Cakes and Meals
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5.2.3 Food Wastages
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5.2.4 Feed Additives
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5.2.5 Other Ingredients
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5.3 Geography
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5.3.1 North America
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5.3.1.1 US
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.1.4 Rest of North America
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5.3.2 Europe
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5.3.2.1 Spain
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5.3.2.2 UK
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5.3.2.3 Germany
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5.3.2.4 Russia
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5.3.2.5 France
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5.3.2.6 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 India
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5.3.3.3 Japan
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5.3.3.4 Rest of Asia-Pacific
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East & Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Cargill Inc.
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6.3.2 Land O’ Lakes Feed
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6.3.3 DBN Group
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6.3.4 Archer Daniels Midland
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6.3.5 Evialis
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6.3.6 ForFarmers
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6.3.7 DLG Group
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6.3.8 DSM NV
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6.3.9 De Heus
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6.3.10 Lallemand Animal Nutrition
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6.3.11 Biomin
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
