Livestock Cake Market to Exceed Valuation of US$ 1.38 Bn by 2031, States TMR Report

Livestock Cake Market to Exceed Valuation of US$ 1.38 Bn by 2031, States TMR Report

PR Newswire

ALBANY, N.Y., Jan. 6, 2022

-   Manufacturers are increasing efforts to spread awareness about nutritional benefits of using oilseed cakes as animal feed and invite more number of farmers to livestock farming

-   Growing focus of players on process automation and expansion of production capabilities is prognosticated to play a key role in the expansion of the livestock cake market

ALBANY, N.Y., Jan. 6, 2022 /PRNewswire/ -- The global livestock cake market is estimated to expand at a CAGR of 6.2% during the forecast period, from 2021 to 2031, according to analysts at Transparency Market Research (TMR). The market growth can be attributed to several factors including rising demand for meat across the globe and increasing use of livestock cakes as animal feed.

Transparency Market Research

Owing to rising population of several developing nations, the sales of dairy products is expected to increase in the near future. Moreover, the growing demand for varied convenient food products is estimated to increase in the upcoming years. These factors are boosting the sales opportunities in the livestock cake market.

Edible oil cakes are in high demand due to their use in several biotechnological applications and in the production of antioxidants and vitamins. These factors are likely to fuel the growth of the livestock cake market.

Oil seed cakes are being utilized by farmers as fertilizers in organic farming. Furthermore, they are also gaining traction as an efficient catalyst in biogas digesters. In addition, they are also known for accelerating biogas production in the cold season. Thus, the livestock cake market is projected to exceed the valuation of US$ 1.38 Bn by 2031, notes a study by TMR.

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Livestock Cake Market: Key Players

Some of the key players profiled in the report are:

Livestock Cake Market Segmentation




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