Global Dairy Cattle Feed Market Overview:
Cattle feed is ground, pelleted, crumbled or mixture feed, balanced for various nutrients, intended for the feeding of animals. Cattle feed cost makes up to 60% of the total farm cost of milk production. The quality & quantity of feed consumed by the animal is directly correlated to the amount of milk it produces. Higher milk production means higher profits. Therefore, dairy farm owners are increasingly becoming concerned about the fodder type. According to the Food & Agriculture Organization of the United Nations, more than 6 billion people worldwide consume milk and milk products; the majority of these people live in developing countries. In order to fulfill rising demands for milk products from a growing population, dairy farm owners are continuously trying to optimize milk production. This will positively impact the market for dairy cattle feed.
- High Demand from Well Established Dairy Farms Worldwide
- Increasing Cost of Metabolic Cattle Diseases Fueling Demand for Cattle Feed
- Government Regulations to Ensure Animal Safety
- Rising Population Causing Increased Demand for Milk Products Will Raise Demand for Cattle Feed
- Volatility in Raw Material Prices
Some of the key players profiled in the report are Purina Animal Nutrition (United States), Cargill (United States), Godrej Agrovet Limited (India), JB Psyllium (India), Alltech (United States), Amul (GCMMF) (India), Land O'Lakes, Inc. (United States), Nutritech (New Zealand), Muyuan Foodstuff Co.Ltd. (China) and Shri Ram Cattle Feed (India). Additionally, following companies can also be profiled that are part of our coverage like Kerala Feeds Ltd (India) and Takanini (New Zealand). Analyst at AdvanceMarketAnalytics see Indians Vendors to retain maximum share of Global Dairy Cattle Feed market by 2024.
Food & Drug Association (FDA) of United States, makes sure the ingredients in the feed are safe and have an appropriate function, and many ingredients must be approved by FDA before they can be used in animal feed. FDA also evaluates the human food safety aspect of animal feed for food-producing animals. That is, FDA makes sure itís safe for people to eat food products made from animals that ate the feed.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Dairy Cattle Feed market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Dairy Cattle Feed market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Feed Manufacturer, Distributor and Supplier, Healthcare Industry, Raw Material Supplier and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.