Global Cattle Feed Market is valued at approximately USD 79.89 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.2% over the forecast period 2024-2032. Cattle feed, consisting of protein, energy, minerals, and vitamins, is essential for the growth, maintenance, and milk production of domesticated cattle. The growing demand for animal protein, including dairy and beef, fueled by increasing global income and population, is a significant driver for the cattle feed market.
As urbanization leads to higher consumption of processed and convenience foods, the demand for livestock production rises, subsequently driving the need for quality cattle feed. The rise in disposable incomes in developing nations is closely linked to increased consumption of animal protein, contributing to the market's expansion. Government initiatives supporting animal husbandry and ensuring food security further bolster market growth. Effective feed management practices, risk management strategies, and diversified feed ingredient sourcing are critical in mitigating the impact of grain price fluctuations on cattle feed costs, thus supporting sustainable and profitable livestock production.
The market faces challenges such as price volatility of key feed components like grains, protein meals, and supplements due to factors like weather, trade policies, and global demand. Additionally, environmental concerns necessitate adopting sustainable feed production processes, which can be costly and complex. Compliance with regulatory requirements, which evolve with consumer preferences and public health concerns, also presents a significant challenge.
The key regions considered for the Global Cattle Feed Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is a dominating region in the Global Cattle Feed Market in terms of revenue. The market growth in the region is being attributed to factors including its substantial livestock population and increasing demand for dairy and meat products. Countries like China and India play a crucial role in this dominance, as they are among the world's largest producers and consumers of cattle products. Whereas, the market in Latin America is anticipated to grow at the fastest rate over the forecast period fueled by a surge in cattle farming activities and a growing emphasis on improving cattle nutrition to boost productivity and quality. Brazil and Argentina, in particular, are contributing to this growth, with Brazil being one of the leading beef exporters globally.
Major market players included in this report are:
ADM
Animal Nutrition
Kemin Industries, Inc.
Biomin Holding GmbH
Nutreco
Land O'Lakes Inc.
Farmer's Grain Company
United Farmers' Cooperative
DE HEUS. ALL
Godrej Agrovet Ltd.
BASF SE
DSM
Cargill Inc.
Kent Nutrition Group
Scratch and Peck Feeds
The detailed segments and sub-segment of the market are explained below:
By Product Type:
Concentrate Foods
Roughages
Feed Additive
By Form:
Powder
Textured Cattle Feed
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
