Cattle Feed Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Cattle Feed Market: By Ingredient Type (Corn, Soybean meal, Wheat, Other oilseeds & grains, and Other ingredients), By Application (Beef cattle, Dairy cattle, Calves, and Others), By Additive Type (Vitamins, Trace minerals, Amino acids, Feed antibiotics, Feed acidifiers, Feed enzymes, Antioxidants, and Others), and Geography

 

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Report

Description

The cattle feed market size is valued at USD 71,963.4 million in 2021 and is anticipated to grow at a significant CAGR of 2.6% over 2022-2028. The Milk Unions/ Federations produce cattle feed that is a well-balanced source of critical nutrients for body maintenance, growth, and milk production. It uses high-quality grains, oil cakes/meals, brans, molasses, salt, minerals, and vitamins. Cattle feed products are comparatively cheaper and hight palatable to the animals. The feed-acidifiers, feed-enzymes, feed-antibiotics, and feed-microbial markets are all expanding in the cattle feed sector. The demand for these developments corresponds to a rise in meat protein intake and a greater emphasis on the quality of the substances used in animal feed. The cattle feed business is expecting rapid growth as milk producers have started replacing the traditional feed with more nutritionally balanced compound feed. Because of population increase and lifestyle standards, the cattle market has been compelled to innovate and adapt to meet society’s expectations by giving healthy animal feed to livestock animals. As a result, this aspect contributes to the expansion of the cattle feed market. Growth in family yearly income, urbanisation, and an expanding human population in developing and established countries are driving up demand for milk and meat, which is expected to rise significantly in the future years. Based on application, the dairy cattle segment is expected to dominate the market throughout the forecast period. The United Nations Food & Agriculture Organization (FAO) projected an increase of 55% in dairy products and 70% in beef products by 2050. The segment’s growth can be due to rising demand for dairy and milk products in the emerging economies, thus resulting in the augmented industrialization of cattle rearing.

Recent Market Developments:

In Oct 2021, BASF and Cargill are expanding their partnership in the animal nutrition business, adding research and development capabilities and new markets to the partners’ existing feed enzymes distribution agreements. Together, they will develop, produce, market, and sell customer-centric enzyme products and solutions. The goal is to bring farmers feed innovations that reduce nutrient waste, improving feed efficiency, and promote animal growth and wellbeing.

In June 2020, Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, announces that it has reached agreement to acquire Erber Group for an enterprise value of €980m. The transaction – which excludes two smaller units in the Erber Group – is expected to be earnings enhancing in the first year upon completion.

Cattle Feed Market

MARKET SUMMARY
-
2.6%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 2.6%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Cattle Feed Market

  • The global cattle feed market report gives a comprehensive outlook on cattle feed across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
  • The report on the global market gives historical, current, and future market sizes (US$ Bn) on the basis of ingredient type, application, additive type, and geography.
Key Players
  • ADM
  • BASF SE
  • Royal DSM N.V.
  • H. Group
  • Evonik Industries AG
Cattle Feed Market Dynamics

Major development factors include a gradual change from unorganized livestock production to an organized sector and a greater focus on animal health to minimize disease outbreaks. Increased industrialization of livestock production has resulted from the rising population and the need to meet the nutritional and taste requirements of the population in emerging countries. Growth is constrained by the possibility of a negative pricing relationship with end agricultural goods, as well as strict and time-consuming regulatory procedures.


North-America Got Significant Share

Cattle Feed Market

North America held the largest market share of in the year 2021. This growth is attributed to the growing meat consumption, mainly in the U.S., coupled with stringent regulations regarding meat quality. Furthermore, accessible & abundant raw materials, such as dextrose and maize, in the region are expected to augment the market's growth. On the other hand, the Asia Pacific is anticipated to significant growth due to a high population and a substantial rise in meat consumption in emerging economies like India and China. Beef cattle segment aids as a key contributor for growth in emerging countries

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The cattle feed market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
Cattle Feed Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The cattle feed market is projected to expand at a CAGR of 2.6% during the forecast period.

BASF SE., Cargill, Incorporated., ADM Animal Nutrition., Kemin Industries, Inc., Biomin Holding GmbH.

Asia-Pacific is the fastest-growing region for cattle feed market


Report

Company Profile

  • BASF SE (Germany)
  • Royal DSM N.V. (Netherlands)
  • H. Group (India)
  • ADM (United States)
  • Evonik Industries AG (Germany)
  • Friona Industries (United States)
  • Provita Eurotech Ltd (United Kingdom)
  • R Simplot Company (United States)
  • Charoen Pokphand Foods (Thailand)

Description

The cattle feed market size is valued at USD 71,963.4 million in 2021 and is anticipated to grow at a significant CAGR of 2.6% over 2022-2028. The Milk Unions/ Federations produce cattle feed that is a well-balanced source of critical nutrients for body maintenance, growth, and milk production. It uses high-quality grains, oil cakes/meals, brans, molasses, salt, minerals, and vitamins. Cattle feed products are comparatively cheaper and hight palatable to the animals. The feed-acidifiers, feed-enzymes, feed-antibiotics, and feed-microbial markets are all expanding in the cattle feed sector. The demand for these developments corresponds to a rise in meat protein intake and a greater emphasis on the quality of the substances used in animal feed. The cattle feed business is expecting rapid growth as milk producers have started replacing the traditional feed with more nutritionally balanced compound feed. Because of population increase and lifestyle standards, the cattle market has been compelled to innovate and adapt to meet society’s expectations by giving healthy animal feed to livestock animals. As a result, this aspect contributes to the expansion of the cattle feed market. Growth in family yearly income, urbanisation, and an expanding human population in developing and established countries are driving up demand for milk and meat, which is expected to rise significantly in the future years. Based on application, the dairy cattle segment is expected to dominate the market throughout the forecast period. The United Nations Food & Agriculture Organization (FAO) projected an increase of 55% in dairy products and 70% in beef products by 2050. The segment’s growth can be due to rising demand for dairy and milk products in the emerging economies, thus resulting in the augmented industrialization of cattle rearing.

Recent Market Developments:

In Oct 2021, BASF and Cargill are expanding their partnership in the animal nutrition business, adding research and development capabilities and new markets to the partners’ existing feed enzymes distribution agreements. Together, they will develop, produce, market, and sell customer-centric enzyme products and solutions. The goal is to bring farmers feed innovations that reduce nutrient waste, improving feed efficiency, and promote animal growth and wellbeing.

In June 2020, Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, announces that it has reached agreement to acquire Erber Group for an enterprise value of €980m. The transaction – which excludes two smaller units in the Erber Group – is expected to be earnings enhancing in the first year upon completion.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX