Asia Pacific Dairy Cattle Feed Market By Additive Type (Vitamins, Trace Minerals, Amino Acids, Feed Antibiotics, Feed Acidifiers, Feed Enzymes, Antioxidants And Other Additives)
Asia Pacific Dairy Cattle Feed Market was worth USD 11.38 billion in 2016 and estimated to be growing at a CAGR of 3.6%, to reach USD 13.58 billion by 2021. Dairy cattle have a higher metabolism than the normal cattle.
Dairy cattle feed includes a variety of forage which includes grass, silage, legumes as well as an assortment of grain, soy, and other high energy density diets. Dairy feed is mainly used in cattle farms and animal feeding units.
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Dairy cattle feed is made specifically with the aim of improving the production of milk. Dairy cattle feed is especially rich in carbohydrates, proteins, fats, vitamins, and minerals which are needed for the healthy growth of a milking animal.
Common ingredients of cattle feed include corn-fed, soy feed, rice bran, oilseeds, alfalfa and wheat which is a major ingredient in almost all varieties of cattle feed due to its property of maintaining proper digestion of dairy cattle.
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The major factors affecting the Dairy Cattle Feed market is the obvious increase in demand for milk products. So the rising populations and changing consumption patterns of the people can be considered as indirect growth factors resulting in an increased demand for dairy products.
Maintaining a healthy diet also prevents metabolic diseases in the herd and this serves as another growth factor for the market. As for the restraints for the market, the higher cost for specialized feed is the main one.
The prospective advantages of using dairy cattle feed are also unknown to several regions and farmers still use traditional diets for their cattle. This lack of awareness among farmers is another restraining factor for the market.
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- Market Segmentation
- Additive Type
- Trace Minerals
- Amino Acids
- Feed Antibiotics
- Feed Acidifiers
- Feed Enzymes
- Other Additives
- Y-o-Y Growth Analysis, By Additive Type
- Market Attractiveness Analysis, By Additive Type
- Market Share Analysis, By Additive Type
- Ingredient Type
- Soybean Meal
- Oilseeds and Grains
- Y-o-Y Growth Analysis, By Ingredient Type
- Market Attractiveness Analysis, By Ingredient Type
- Market Share Analysis, By Ingredient Type
- Dairy Cattle Growth Phase
- Dairy Cows
- Y-o-Y Growth Analysis, By Application
- Market Attractiveness Analysis, By Application
- Market Share Analysis, By Application
The Asia Pacific Dairy Cattle Feed market is broadly classified into Vitamins, Trace Minerals, Amino Acids, Feed Antibiotics, Feed Acidifiers, Feed Enzymes, Antioxidants and Other Additives based on product type, by ingredient type they are classified into Corn, Soybean Meal, Wheat, Oilseeds and Grains and Others and based on Application they come under Dairy Cattle Growth Phase divided into Heifers and Dairy Cows and Others. Based on geography, the Asia-Pacific market is divided into India, China, South Korea, Japan and Australia.
Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. In addition to having the highest growth rate, the region also has the third highest market share.
The rapid growth of the region can be attributed to the developing stature of countries such as India and China.
The Dairy Cattle Feed market is highly competitive with a large number of players. Key market players dominating the market with their products include Cargill Incorporated, Archer Daniels Midland Company, BASF SE, Royal DSM NV, Nutreco NV, Amul, Kent Nutrition Group, Hi-Pro Feeds LP, Purina Animal Nutrition LLC, Kapila Krishi Udyog Limited and Agro Feed Solutions.
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