Global Ruminant Feed Premix Market - Trends And Forecasts (2014-2020)
LONDON, Oct. 21, 2014 /PRNewswire/ -- The Global Ruminant feed premix market was valued at $1,428.9 million in 2013 and is expected to reach $1,687.9 million by 2020. The forecasted growth of the market is 3.1%. The increasing cost of raw materials has led to the inflation of feed prices in the last five years. This has led to increase in expenditure on feed. The increase in feed cost and disruptions in the continuous supply of raw materials such as cereals and oilseeds has created the demand for compound feed. Growth in consumption of compound feed is expected to drive the market for feed premixes as they reduce the input cost and also improve the efficiency of the feed.
The major reason for growth in ruminant feed premix industry is the increase in consumption of processed cattle meat. The rising cost of cattle meat has led to increased production as more number of farmers is adopting intensive production system. The consumption of feed premix is expected to grow at the fastest CAGR in Asia-Pacific and South America region due to surge in industrial production of meat in these regions. China, Brazil and Argentina are the major players in the region.
Sections 1, 2 and 3 provide an in-depth analysis of the global compound feed market, elaborating on the drivers, restraints, opportunities and the regulatory scenario.
Section 4 gives the market numbers (size and growth forecasts) for the ruminant feed market, comparing it with the size and growth of other segments like Swine feed, Poultry Feed and Aquafeed.
Section 5 contains the market size and forecasts for 20 of the most prominent countries across the globe for the ruminant feed market and section 6 presents expert opinions on the future of the compound feed market.
Section 7 profiles 20 of the most prominent companies operating in this market across the globe, elaborating on the products and services, financials and key strategies formulated by these companies in the last 5 years.
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