Cattle Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Cattle Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A6310
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Market Overview:

The global cattle feed market size reached US$ 84.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 104.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.28% during 2023-2028.

Cattle feed includes a blend of concentrated ingredients, such as molasses, mixers, vitamins, minerals, grains, protein cakes, and agro-industrial by-products in suitable proportions. It is a rich source of omega-3, fibers, acidifiers, carbohydrates, antibiotics, enzymes, and antioxidants. Cattle feed possesses several health attributes, such as increased reproductive efficiency, enhanced milk production with better fat content, and a maintained balanced diet. They also help maintain optimum body conditions, protect pellets against infestations caused by insects or molds, and prevent muscular disorders, such as laminitis and azoturia. Based on these properties, cattle feed is extensively used in the prescribed proportion to promote livestock growth and meet their nutritional requirements. At present, they are commercially available in the mash, pellets, crumbles, and cube forms. 

Cattle Feed Market Trends:

The rapid growth in the dairy industry and the increasing consumption of various animal-based products, such as milk, egg, and meat, owing to their multiple health benefits, are primarily driving the market growth. This is further influenced by the increasing need for effective gut-friendly feed antibiotics, acidifiers, and phytogenic nutrients by farmers to fulfill the dietary needs of livestock. In line with this, the rising number of zoonotic and epidemic disease outbreaks amongst cattle have prompted livestock farmers to utilize quality premixes for consumption by ruminants and aquatic animals, which is acting as another growth-inducing factor. Moreover, the escalating awareness amongst manufacturers regarding various harmful effects of artificial supplements has inclined them to incorporate non-genetically modified organisms (non-GMO) crops in cattle feed, which is contributing to the market growth. Additionally, the numerous initiatives being undertaken by regulatory bodies to provide farmers with cattle feed to improve overall animal health are impelling the market growth. Apart from this, ongoing product standardization and research and development (R&D) activities are supporting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cattle feed market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on ingredient, type and distribution channel.

Breakup by Ingredient:

  • Corn
  • Soybean Meal
  • Wheat
  • Oilseeds
  • Additives
  • Others
     

Breakup by Type:

  • Dairy
  • Beef
  • Calf
  • Others
     

Breakup by Distribution Channel:

  • Offline
  • Online
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alltech, Archer Daniels Midland Company, BASF SE, Cargill Inc., Chr. Hansen A/S (Chr Hansen Holding A/S), De Heus Animal Nutrition, DSM N.V, DuPont de Nemours Inc., Evonik Industries AG (RAG-Stiftung), Godrej Agrovet Ltd., J.R. Simplot Company, Kemin Industries Inc. and Kent Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Ingredient, Type, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alltech, Archer Daniels Midland Company, BASF SE, Cargill Inc., Chr. Hansen A/S (Chr Hansen Holding A/S), De Heus Animal Nutrition, DSM N.V, DuPont de Nemours Inc., Evonik Industries AG (RAG-Stiftung), Godrej Agrovet Ltd., J.R. Simplot Company, Kemin Industries Inc. and Kent Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global cattle feed market was valued at US$ 84.9 Billion in 2022.

We expect the global cattle feed market to exhibit a CAGR of 3.28% during 2023-2028.

The rising consumer awareness towards the health benefits associated with cattle feed, such as increased reproductive efficiency, enhanced milk production with better fat content, maintained balanced diet, etc., is primarily driving the global cattle feed market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of cattle feed.

Based on the ingredient, the global cattle feed market can be segmented into corn, soybean meal, wheat, oilseeds, additives, others. Currently, corn holds the majority of the total market share.

Based on the type, the global cattle feed market has been divided into dairy, beef, calf, and others. Among these, dairy currently exhibits a clear dominance in the market.

Based on the distribution channel, the global cattle feed market can be categorized into offline and online. Currently, offline accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global cattle feed market include Alltech, Archer Daniels Midland Company, BASF SE, Cargill Inc., Chr. Hansen A/S (Chr Hansen Holding A/S), De Heus Animal Nutrition, DSM N.V, DuPont de Nemours Inc., Evonik Industries AG (RAG-Stiftung), Godrej Agrovet Ltd., J.R. Simplot Company, Kemin Industries Inc., and Kent Corporation.

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Cattle Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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