Global Cattle Feed Concentrate Market: Overview
Animal productivity is crucial, gaining prominence each year. This is set to drive demand for cattle feed concentrate market forward. As food security and awareness regarding options to improve upon output increase, market will see increased revenues. Technological advancement, research and development (R&D) improvement, and product innovation are serious growth factors. Over the forecast period of 2024 to 2030, the global cattle feed concentrate market will witness notable improvement in revenues, market worth, and number of available opportunities, leading to higher profitability. As per Transparency Market Research, the global market would chart a notable growth rate over the stated period. It is pertinent to note here that extended production lives, higher reproductive and survival rates and growing need for limited nurturing spans is leading to growth in market.
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Global Cattle Feed Concentrate Market: Competitive Landscape
The landscape of global cattle feed concentrate market is looking at a number of notable developments being formed. These are a result of many strategies taken by players to improve upon their condition in terms of revenue and market stature.
In the year 2016, new products were launched by Netsurf – Wrap Up and Cattle Feed Concentrate (CFC) Plus. The subsidiary called Biofit was the one who initiated the development and launch. This helped the players tap into larger base, spurring competition further.
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The global cattle feed concentrate market is quite competitive. Top tier players in the vendor landscape of this market, pushing the growth trajectory forward with their proactive measures, are the ones mentioned below.
- Hindustan Animal Feeds
- Cargill
- Biofit
- Jai Kisan Agro Products
- Uniplendour (CUC)
- RUNHOP
- Archer Daniels Midland Animal Nutrition
- CP Group
- Purina Mills LLC
- ACOLID (The Arab Company for Livestock Development)
- Royal Agrifirm Group
- ForFarmers (Lochem, the Netherlands)
- Alltech, Nutreco
- Royal De Heus
- Nonghyup Feed, Inc.
- WH Group
- TRS (Tangrenshen Group)
- Tyson Foods
- East Hope Group
- Netsurf
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Global Cattle Feed Concentrate Market: Key Trends and Drivers
- Awareness regarding provision of essential nutrients to cattle is paving way for growth in the global cattle feed concentrate market over the forecast period. High in digestible nutrients, these are required for proper functioning of animals. This is another benefit that’s driving market demand forward. This is set to create novel opportunities in the market landscape. It is pertinent to note here that vitamins, miners, and other essential nutrients are present in these concentrates, providing a balance to feed of animals in a big way.
- Government support towards farms and farm animals and aquaculture is growing rapidly and this again is a notable growth factor leading to growth in the global cattle feed concentrate market. Investments and awareness initiatives, subsidies and others support are provided in a number of countries across the world. This is pushing the global cattle feed concentrate market forward.
Global Cattle Feed Concentrate Market: Regional Analysis
The Asia Pacific (APAC) region will record a very high growth rate, compounded annually over the forecast period of the upcoming report prepared by Transparency Market Research. Increasing number of people in the regional area coupled with notable increase in purchasing power of people are set to drive the market onto a high growth trajectory. Additionally, advancement and adoption of technology is paving way for further growth in the stated period.
