Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Cattle Feed & Feed Additives Market Overview
Cattle feed and feed additives are being used to enhance the quality of feed to augment yield and cattle’s health. Cattle and feed additives are mixed with necessary feed to provide boost and nutrition for overall growth of cattle’s which then helps in improving the mass and prevent the cattle’s from range of diseases.
The global cattle feed and feed additives market is projected to USD 33.6 Billion by 2021 from USD 30.2 Billion in 2015, growing at compound annual growth rate (CAGR) of 7% from 2015 to 2021.
Market Size and Forecast
Regionally, Asia-Pacific is fairly a large market at present because of larger cattle population. Collectively North America and Asia Pacific account for 60% of the global cattle’s and feed additive market. India and China are the two main regions in Asia-Pacific for the demand of cattle’s and feed additive. It is anticipated that in upcoming years the Asia Pacific have large cattle’s and feed additive market share as compared to other region.
North America is critical market for consumption and production of feed additives and the market is estimated to grow at stable rate of 3.5% for the forecasted period 2016-2021.Europe cattle’s feed and feed additive market was valued at USD 26.5 billion in 2015, showcasing a CAGR of 6% and it is expected that it will reach to USD35.3 billion by 2021. CLICK TO DOWNLOAD SAMPLE
Market Segmentation
By Product Type
On the basis of product type global cattle feed and feed additives market is classified as follows:
By Animal Type
On the basis of animal type global cattle and feed additive market is classified as follows:
By Region
Growth Drivers and challenges
Increasing meat consumption and demand for high nutritional meat at low price are the major drivers for global cattle’s and feed additive market.In addition to that, threat of diseases in livestock and awareness of quality feed are also a main driver for the cattle’s and feed additive market.Major challenge for global cattle’s and feed additive market is difference in management and regulation in different countries that affects the global meat market unfavorably particularly in developed and developing countries.
Key players
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