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New Revenue Pockets: Cattle Feed and Feed Additives Market
The cattle feed and feed additives market is an upcoming market and the companies are adopting the expansion of their business, as their growth strategy. Amino acids are considered as the main type of cattle feed additive. The companies operating in these markets such as, ADM (U.S), BASF SE (Germany), Royal DSM NV (The Netherlands) and so on are growing by expanding production capacities and technologies to enhance their penetration in the untapped market.
The role of cattle feed additives is of prime importance when it comes to the manufacture of feed grades. A proper blend of cattle feed additives and feed is essential for cattle. Companies are adapting new technologies that are used in the manufacture of feed additives for cattle. Companies such as BASF SE (Germany), ADM (U.S) and so on, are focusing on feed additives development by adopting the expansion, investment, and establishment strategies. This has intensified the growth of the integrated value chain in the respective companies.
With increased mass production of cattle and rising demand for meat, feeding cattle with a proper feed diet is becoming a common practice. However, the increasing cost of raw material is becoming a threat in the development of the cattle feed industry. The increasing meat consumption in the global market proves to be a driving force for the cattle feed additives industry.
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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