Cattle feed additives Segmentation
The cattle feed additives market is segmented on the basis of ingredient type into oilseeds & grains, soybean meal, corn, wheat, and others, out of which the soybean meal segment is anticipated to hold a significant market share by the end of 2021. Soybean meal is rich in protein content which is essential for improving muscle gain as well as lactation abilities of the cattle. Based on application, the beef cattle segment holds a considerable market share throughout the forecast period, on the back of growing global demand for nutritious beef. In the year 2020, the global beef consumption crossed 60 metric kilotons.
However, the growing trend of veganism along with stringent regulatory policies on standards of feed additives is anticipated to hamper the market growth in the upcoming years.
Our in-depth analysis of the global market includes the following segments:
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Ingredient Type |
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Additive Type |
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Application |
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