Ruminant Feed Market to Surge by USD 27.18 Billion by 2027

The Ruminant Feed Market is anticipated to expand at a compound annual growth rate (CAGR) of 4.44% from 2022 to 2027, with the market size projected to grow by USD 27.18 billion. Key factors fueling this growth include increased concerns about cattle health, a rise in strategic partnerships and acquisitions, and heightened demand for precision nutrition.

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Key Growth Drivers

Health Concerns for Cattle

Heightened awareness of livestock and dairy diseases has led to a demand for higher-quality feed ingredients. This awareness is driven by the need for safe meat and dairy products, contributing significantly to market growth. Partnerships and acquisitions among market players aim to enhance brand portfolios, enter new regional markets, and boost product demand.

Notable Market Trends

Increasing Meat Product Demand

Rising health consciousness among consumers has spurred demand for dairy and meat products, influencing the global ruminant feed market positively. The growing meat-eating population has led to higher demand for processed meat through retail and food service channels, driven by increased consumer spending and extensive R&D activities to improve animal feed nutrition.

Primary Market Challenges

Shift Towards Veganism

The growing preference for plant-based diets due to health benefits and ethical concerns about animal welfare poses a challenge to the ruminant feed market. The rise in vegan food options and the increased awareness of their health benefits may reduce meat consumption, subsequently impacting ruminant feed demand.

APAC Leads Growth

APAC is expected to contribute 41% to global market growth during the forecast period, driven by increased meat consumption and stringent regulations on meat quality. The availability of raw materials and significant livestock stocks in China and India support this growth.

Animal Type (USD Billion, 2017 - 2027)

  • Dairy cattle
  • Beef cattle
  • Other animal types

End-user (USD Billion, 2017 - 2027)

  • Dairy farms
  • Veterinary hospitals
  • Others

Regional Outlook (USD Billion, 2017 - 2027)

  • APAC: China, India
  • Europe: UK, Germany, France, Rest of Europe
  • North America: US, Canada
  • South America: Brazil, Argentina, Chile
  • Middle East & Africa: Saudi Arabia, South Africa, Rest of MEA
For comprehensive insights, Download Ruminant Feed Market Sample PDF!

Conclusion

The Ruminant Feed Market is set for significant growth driven by health concerns for cattle, increased meat product demand, and strategic industry partnerships. However, the shift towards veganism presents a notable challenge. Understanding these dynamics will be crucial for market players to strategize and capitalize on emerging opportunities.

Contact us for tailored solution

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/


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