MARKET REPORT FEED & ADDITIVE MAGAZINE February 2023 69 • AB Agri • Abalıoğlu Group • ADM Animal Nutrition • AFGRI Animal Feeds • Agrofeed • Alltech • Ambar • ANCO • Arab Company for Livestock Development (ACOLID) • Arasco Feed • Associated British Foods • Avril/Sanders • Beijing Goke Agriculture • Betagro Group • Cargill • COFCO Meat • CP Group • Danish Agro Group • DBN Group • De Heus Animal Nutrition • DLG Group • DTC Deutsche Tiernahrung Cremer • East Hope Group • Farmer's Grain Company • Felleskjøpet Rogaland Agder • ForFarmers • Godrej Group • Grupo Vall Companys • Haid Group • Harim Group • Hi-Pro Feeds • Italcol • Itochu Feed Mills Co. • J. D. Heiskell & Co. • J.R. Simplot Company • Japfa Comfeed • JBS S.A. • Kent Nutrition Group • Kyodo Shiryo Co. • Land O'lakes • Marubeni Nisshin Feed Co. • Masan Nutri-Science • Masterfeeds L.P. • Matli • Megamix • Neovia • New Hope Group • NongHyup Feed Inc. • Nutréa Nutrition Animale (NNA) • Nutreco • Perdue Farms • Provita Eurotech • Purina Animal Nutrition • Quantum Foods • RCL Foods Ltd. • Ridley Inc. • Royal Agrifirm Group • Scratch Peck Feeds • Shaanxi Chia Tai • Shanthi Feeds • Southern States Cooperative • Sunopta • Tongwei Group • Toyohashi Feed Mills • Triskalia • TS Corp. • United Farmer’s Cooperative • Wellhope Agri-Tech • Wen's Food Group • Woosung Feed Co. • Yuetai Group • Zambeef Products PLC • Zemach Feed Mill Some of the major players: witnessed higher rate of traction for dairy products, owing to its increased demand from vegan consumers. Some key macroeconomic factors such as rise in social media usage and surge in per-capita income also play an important role in contributing toward the overall growth of the cattle feed market. However, LAMEA is expected to expose significant growth in the future, owing to rise in demand for meat and dairy products in child nutrition. In addition, the region has witnessed considerable surge in number of millennials, who are forefront consumers of new food & meat products. Therefore, rise in millennial population is anticipated to offer remunerative cattle feed market opportunities. DataBridge Market Research also draws attention to the role of the Asia-Pacific region in the market. According to the report of the research company, Asia-Pacific is widely recognized as the dominant region in terms of cattle feed market share. Dairy products have gained traction in Asian countries as a result of increased demand from vegan consumers. Resources: 1. Alltech, Agri-Food Outlook 2023, https://www. alltech.com/agri-food-outlook/ 2. DataBridge Market Research, Global Cattle Feed Market – Industry Trends and Forecast to 2029, Jul 2022, https://www.databridgemarketresearch.com/reports/global-cattle-feed-market 3. Future Market Insights (FMI), Cattle Feed Market Outlook – 2022-2032, October 2022, https://www. futuremarketinsights.com/reports/cattle-feed-market 4. Expert Market Research (EMR), Global Cattle Feed Market Outlook, https://www.expertmarketresearch.com/reports/cattle-feed-market 5. Expert Market Research (EMR), Global Cattle Feed Market Outlook, https://www.expertmarketresearch.com/reports/cattle-feed-market 6. IMARC Group, Cattle Feed Market - 2023-2028, https://www.imarcgroup.com/cattle-feed-market 7. Allied Market Research, Cattle Feed Market - Global Opportunity Analysis and Industry Forecast 2021–2027, Published Date: Feb 2021, https://www. alliedmarketresearch.com/cattle-feed-market-A09494
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