The Latin America dairy cattle feed market size is expected to reach USD 10.64 billion in 2024 and reach USD 12.39 billion by 2029, growing at a CAGR of 3.1% from 2024 to 2029.
Dairy cattle have a higher metabolism than the normal cattle. Dairy cattle feed includes a variety of forage, which includes grass, silage, and legumes, as well as an assortment of grain, soy, and other high-energy density diets. Dairy feed is mainly used in cattle farms and animal feeding units.
Dairy cattle feed is made specifically with the aim of improving the production of milk. Dairy cattle feed is especially rich in carbohydrates, proteins, fats, vitamins and minerals which are needed for the healthy growth of a milking animal. Common ingredients of cattle feed include corn-fed, soy feed, rice bran, oil seeds, alfalfa and wheat which is a major ingredient in almost all varieties of cattle feed due to its property of maintaining proper digestion of dairy cattle.
The major factor affecting the dairy cattle feed market is the obvious increase in demand for milk products. So the rising populations and changing consumption patterns of the people can be considered as indirect growth factors resulting in an increased demand for dairy products. Maintaining a healthy diet also prevents metabolic diseases in the herd and this serves as another growth factor for the market. As for the restraints for the market, the higher cost of specialized feed is the main one. The prospective advantages of using dairy cattle feed are also unknown to several regions and farmers still use traditional diets for their cattle. This lack of awareness among farmers is another restraining factor for the market.
This research report on the Latin American dairy cattle feed market is segmented and sub-segmented into the following categories:
Latin America Dairy Cattle Feed Market - By Product Type:
Latin America Dairy Cattle Feed Market – By Country:
The Latin American region is one that offers immense scope for development in the forecast years as is evident from the high growth rate of the region. In spite of having only a minor market share, the CAGR of the region is the second highest globally only behind Asia-Pacific. This market is one that shows promise in the coming years.
KEY MARKET PLAYERS:
The dairy cattle feed market is highly competitive with a large number of players. Key market players dominating the market with their products include Cargill Incorporated, Archer Daniels Midland Company, BASF SE, Royal DSM NV, Nutreco NV, Amul, Kent Nutrition Group, Hi-Pro Feeds LP, Purina Animal Nutrition LLC, Kapila Krishi Udyog Limited and Agro Feed Solutions.
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