The Europe dairy cattle feed market was valued at USD 18.95 billion in 2023 and is anticipated to reach USD 19.44 billion in 2024 from USD 23.87 billion by 2032, estimated to be growing at a CAGR of 2.6%, from 2024 to 2032.
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.
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.
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.
The European region has the second highest market share globally only behind the likes of North America, albeit with a low CAGR rate. The low growth rate of the region can be attributed to the fact that most countries in the region are in their pinnacle of development and the room to grow is fast decreasing.
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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