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The ruminant feed is one of the prominent aspects of cattle healthcare since it has a direct correlation with productivity and outcome from animal farming. A well-planned cattle health routine of schedule can prevent and reduce the risk of cattle diseases as well as it has a direct effect on the quantity & quality of milk and meat production. To increase productivity, the ruminant feed should have a proper balance of nutrients such as proteins, fats, vitamins, and minerals.
According to the Food and Agriculture Organization of the United Nations, livestock contributes an estimated 39.98% of the global agriculture output; also, it offers food security for an estimated 1.3 billion people worldwide. Demand for nutritious feed for cattle healthcare is expected to drive the global ruminant feed market growth during the forecast period.
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Rising prevalence of chronic diseases, growing adoption of animal farming for higher revenues & productivity, and increasing emphasis on livestock health are driving the growth of the global ruminant feed market. Certain advantages offered by nutritious products such as improved cattle immunity as well as higher production are expected to boost the demand for global ruminant feed market during the forecast period.
However, poor implementation, lack of proper guidance in rural farmers, and higher costs associated with ruminant feed are deterring the growth of the global ruminant feed market.
The major companies covered in the ruminant feed market report include Land OLakes, Inc., BIOMIN Holding GmbH, Archer Daniels Midland Company, ForFarmers, Godrej, Kent Corporation, Charoen Pokphand Foods PCL, J.R. Simplot Company, Cargill, Incorporated, DSM and others.
As per the current ruminant feed market trends, vitamins and antibiotics account for higher market value in the global ruminant feed market owing to the need for vitamins to fulfill of nutritional requirements of the ruminants.
Geographically, the ruminant feed market segments include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America dominated the global ruminant feed market in 2017 owing to growth in cattle farming and emphasis on higher production of ruminant feed. Combined with this, emphasis on higher milk & milk product and meat demand played a vital role in the growth of the global ruminant feed market.
Additionally, a rise in the prevalence of diseases in livestock and high investment & expenditure in animal healthcare in the developed countries are some of the factors projecting the growth of the global cattle health market during the forecast period. Asia Pacific and Middle East & Africa hold huge potential for growth of the global ruminant feed market owing to rising ownership of livestock, growing prevalence of disease outbreaks, and spreading awareness by government authorities for veterinary health. Combined with this, growing business demand for animal farming in emerging nations such as India and China and rapid research & developments for higher production of feed is projected to increase the demand for ruminant feed during the forecast period.
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