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Market Leader: Cattle feed and feed additives Market
Cattle feed and feed additives play a vital role in the overall growth and development of the cattle to increase their yield and efficiency. The use of superior-quality raw material in manufacturing cattle feed is of prime importance as the development of their body directly depends on it. The cattle feed manufacturers are opting for innovation in products and expanding with a key objective to merge into the untapped markets.
Cattle feed additives have led to the production of feed that are rich in nutrients. Technological advancements and innovations are continuously happening in the cattle feed additives sector. These improvements have enabled better and more efficient preparation of the feed. Cattle feed additives include antioxidants, antibiotics, feed enzymes, feed acidifiers, vitamins, amino acids, and others. To achieve the current market requirements, the cattle additives segment has led to development in product segments.
The Asia-Pacific cattle feed and feed additives market is growing at a high rate. The growth rate of the North American market follows the Asia-Pacific market.
Companies such as BASF SE (Germany), Royal DSM NV (The Netherlands) are strengthening their cattle feed and feed additives segment by expanding their business operations. By adopting this strategy, companies are competing with each other and increasing their revenues from the cattle feed additives market.
The companies are expanding their global presence through growth strategies such as acquisitions, expansions, and investments. The BASF SE (Germany) is multiplying its business by opting for investments, expansions, and establishments, which may enhance their penetration in the cattle feed and feed additives market.
Cattle Feed & Feed Additive Market By Types (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Acidifiers) By Ancillary Supplements (Prebiotics and Probiotics), Trends & Forecast 2013-2020
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