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Ruminant Feed Market Trends

  • Report ID: GMI8065
  • Published Date: Feb 2024
  • Report Format: PDF

Ruminant Feed Market Trends

A prominent trend is the increasing focus on precision nutrition, driven by advancements in technology and data analytics. Livestock producers are adopting personalized feed formulations tailored to the specific needs of individual animals, optimizing nutrition and enhancing overall performance. Sustainability has emerged as a key driver, with a growing emphasis on eco-friendly feed sourcing and production practices. This includes exploring alternative protein sources, reducing environmental impact, and implementing circular economy principles.
 

The integration of digital technologies is reshaping the ruminant feed sector, with the use of sensors, smart devices, and data analytics to monitor animal health, feed consumption, and optimize production processes. Additionally, there is a rising demand for functional feed additives aimed at promoting animal health, improving immunity, and mitigating environmental challenges. Plant-based and specialty feeds are gaining traction, aligning with consumer preferences for sustainable and ethically produced animal products.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of ruminant feed reached USD 521 million in 2023 and is set to witness 3.7% CAGR from 2024 to 2032, propelled by the expanding global population.

Forage feed segment accounted for over 54% market share in 2023, favored by its natural and fibrous composition, promoting healthy digestion and overall well-being in ruminants.

Asia Pacific market crossed USD 178.4 million revenue in 2023, attributed to a substantial population engaged in traditional farming practices.

AB Vista, New Hope Liuhe, Archer Daniels Midland (ADM), Muyuan Foods, Bentoli, Land O Lakes Feed, BRF Ingredients, JBS S.A, Cargill Inc., Haid Group, Charoen Pokphand Foods, ForFarmers and De Heus.

Ruminant Feed Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 300
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