Impact Fusion International Inc (IFUS)

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Cattle Feed Market CAGR of 4.4 % & $78.3 Billion by 2027 | Archer Daniel Midland Company, BASF SE, Beijing Goke Agriculture Machinery Co., Ltd., Cargill, Inc

https://www.openpr.com/news/3287967/cattle-feed-market-cagr-of-4-4-78-3-billion-by-2027-archer

"According to a new report published by Allied Market Research titled, "Cattle Feed Market by Cattle Type and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021-2027," The cattle feed market size was valued at $73.5 billion in 2019, and is projected to reach $78.3 billion by 2027, growing at a CAGR of 4.4 % from 2021 to 2027. Asia-Pacific dominated the cattle feed market analysis in 2019, accounting for nearly 42% of the total market share. The cattle feed market exhibits an incremental revenue opportunity of $4.7 billion from 2019 to 2027."

"The dairy segment was the highest contributor to the market, with $41,599.1 million in 2019, and is estimated to reach $45,305.8 million by 2027, at a CAGR of 4.6% during the forecast period. The beef segment is estimated to reach $33,077.6 million by 2027 at a CAGR of 4.0%. The fastest growth of dairy segment is attributed by the increase in demand for specific feed made for dairy cattle from dairy cattle farmers.