PUBLISHER: The Business Research Company | PRODUCT CODE: 1426273
PUBLISHER: The Business Research Company | PRODUCT CODE: 1426273
Cattle feeds are composed of a blend of silage, grains, hay, supplements, by-products, minerals, vitamins, and salt, designed to nourish cattle and other domestic livestock. These feeds serve various purposes, promoting the well-being of animals by enhancing milk production and improving reproductive efficiency.
Primary ingredients in cattle feed encompass cereals, cakes, mixes, and feed additives. Cereals, rich in energy and starch, contribute significantly to cattle diets, typically containing 8-12% crude protein. Commonly utilized cereals in animal feed include maize, barley, oats, wheat, and rice. Cattle types targeted by these feeds include beef cattle, dairy cattle, and calves. These cattle feed products are distributed through various channels, encompassing both online and offline avenues.
The cattle feeds market research report is one of a series of new reports from The Business Research Company that provides cattle feeds statistics, including cattle feeds market size, regional shares, competitors with cattle feeds market share, detailed cattle feeds market segments, market trends and opportunities, and any further data you may need to thrive in the cattle feeds industry. This cattle feeding research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the cattle feeds industry.
The cattle feeds market size has grown strongly in recent years. It will grow from $65.44 billion in 2023 to $70.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. Historical growth in the cattle feed industry can be attributed to several key factors. These include the advent of the green revolution that revolutionized agricultural practices, the expansion of intensive livestock farming methods, the effects of globalization and trade liberalization on the industry, efforts towards disease management in livestock, and the increasing focus on environmental concerns and the adoption of sustainable practices within the sector.
The cattle feeds market size is expected to see strongly grown in the next few years. It will grow to $90.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period for the cattle feed industry is expected to stem from several significant factors. These include the adoption of precision livestock farming techniques, the exploration and integration of alternative protein sources, the use of genomic selection in breeding practices for livestock, the implementation of climate-smart feeding strategies, and regulatory changes aimed at reducing antibiotic use in livestock.
The uptick in government subsidies allocated for cattle is significantly driving growth within the cattle feeds market. Governments worldwide are amplifying these subsidies owing to the escalating significance of cattle-derived products like meat, milk, and eggs. Such financial support enables farmers to access higher-quality cattle feed, ensuring enhanced nutrition and care for their livestock. An illustration of this is India's launch of the National Livestock Mission (NLM) in 2022, extending loans and subsidies, including a substantial 50% subsidy, to various stakeholders involved in livestock farming, thereby intensifying the momentum in the cattle feeding market.
Anticipated growth in the demand for animal-based food products stands as a major driver for the cattle feeds market. This surge in demand for meat, dairy, and related products necessitates specialized cattle feeds that offer requisite nutrients and feed efficiency for healthy and productive livestock. Factors like evolving dietary preferences, economic shifts, global trade dynamics, and environmental concerns further bolster the necessity for top-tier cattle feeds. A projection by the Food and Agricultural Organization in July 2021 estimates a 14% rise in global consumption of meat proteins by 2030 compared to 2020, emphasizing the increasing reliance on animal-based food products, thereby bolstering the growth trajectory of the cattle feeds market.
Innovations in technology emerge as a pivotal trend gaining traction within the cattle feeds industry. Companies are directing efforts toward developing methodologies and platforms aimed at augmenting feed quality and performance. Notably, a partnership in 2021 between US-based Cnossen Dairy and farming technology firm Grov Technologies resulted in the establishment of a controlled environment feed center. This facility employs machine learning growing protocols to consistently produce high-density nutrient feed (HDN) throughout the year for livestock, offering enhanced nutrition while minimizing resource usage compared to conventional methods.
Leading companies in the cattle feeds market are actively devising solutions to curtail methane emissions from livestock, aiming to gain a competitive advantage. These initiatives involve deploying sustainable practices and additives to mitigate the environmental impact of methane produced during digestion in cattle. A case in point is the April 2023 launch by US-based CH4 Global, Inc. of Methane Tamer Beef Feedlot, incorporating Asparagopsis seaweed. Scientifically proven to reduce methane emissions in cattle by up to 90%, this innovative feed is designed to maintain animal welfare and beef quality while significantly lowering methane emissions. The objective is to reduce methane footprints without compromising production processes, offering consumers premium, low-methane food options.
In December 2021, ABZ Diervoeding and De Samenwerking, prominent Dutch animal feed cooperatives, disclosed a merger to establish ABZ De Samen. This strategic union aims to leverage the collective scale and capabilities of both entities, projecting an expanded geographic presence and footprint for ABZ De Samen in diverse markets.
Major companies operating in the cattle feeds market report are Archer-Daniels-Midland Company, BASF SE, Cargill Incorporated, Kemin Industries Inc., Land O'Lakes Inc., Nutreco N.V., Godrej Agrovet Limited, Farmer's Grain Company, Biomin Holding GmbH, United Farmers Cooperative, De Heus Voeders B.V., Charoen Pokphand Group, New Hope Group Co. Ltd., Kent Corporation, Tyson Foods Inc., Alltech Inc., Purina Animal Nutrition LLC, J.D. Heiskell & Co., Ridley Corporation Limited, Hallway Feeds Inc., Westway Feed Products LLC, Hi-Pro Feeds LP, Bartlett Milling Company L.P., New-Life Mills Ltd., Mercer Milling Company Inc., Feed Energy Company, The Mosaic Company, Southern States Cooperative Inc., Diamond V Mills Inc., Hubbard Feeds Inc., Furst-McNess Company LLC, Ranch-Way Feeds, Lakeland Feed and Supply Inc., Gilman Co-Operative Creamery Association, Chubby Mealworms LLC, Bagdad Roller Mills Inc.
Asia-Pacific was the largest region in the cattle feeds market in 2023. North America is expected to be the fastest-growing region in the forecast period.The regions covered in the cattle feeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
The countries covered in the cattle feeds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The cattle feeds market consists of sales of grass-fed, corn-fed, barley-fed, and other cattle feed. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cattle Feeds Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cattle feeds market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cattle feeds? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cattle feeds market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.