Cattle Feed Market Forecasts to 2028 – Global Analysis By Ingredients (Corn, Oilseeds, Additives), Animal Type (Young Ruminants, Mature Ruminants), Distribution Channel, Application, End User, and By Geography

Cattle Feed Market Forecasts to 2028 – Global Analysis By Ingredients (Corn, Oilseeds, Additives), Animal Type (Young Ruminants, Mature Ruminants), Distribution Channel, Application, End User, and By Geography

According to Stratistics MRC, the Global Cattle Feed Market is accounted for $81.22 billion in 2021 and is expected to reach $108.32 billion by 2028 growing at a CAGR of 4.2% during the forecast period. Animal feed is the food given to home grown creatures, particularly those in the domesticated animals. Cattle feed is a vital element in creature farming and it adds to the larger part cost of the raising animals. Ranchers as a rule attempt to lessen cost for this food by enhancing costly feeds with substitutes, for example, food squander like spent grain from lager fermenting. Creature prosperity is one of the excellent variables that choose the fate of animals industry. Prosperity of creatures is profoundly subject to even wholesome feed. The cattle feed industry is venturing into the market of feed-acidifiers, feed-catalysts, feed-anti-infection agents, and feed-microbial.

Market Dynamics:

Driver:

Growing demand in livestock industry

The cattle feed business is experiencing rapid growth as the milk producers have started replacing the traditional cattle feed with more nutritionally balanced compound feed, as they have realized the tangible benefits of nutritional feed in terms of yield improvement. In Asia, the livestock industry is the most crucial part of agricultural development and has been growing at an unprecedented pace in the last few decades. Livestock products contribute for around 40% of the total agricultural output in global sales, and are experiencing growth faster as compared to any other agricultural sub-sector. Due to population growth and increased living standards, rapid growth in consumption of animal products has also forced the livestock industry to adapt and expand to satisfy the expectations of the society by feeding nutritious animal feed to the livestock animals. Hence, this factor proves beneficial for the growth of the cattle feed market.

Restraint:

Huge feed costs

The impact of rising feed costs across livestock sectors is starting to be noticed as the cost of on-farm feeding could put pressure on farm margins. Climbing feed costs are creating a difficult situation for feed users. As the markets tries to figure out just how high feed costs will actually go, feed users are faced with the same dilemma. With a bullish outlook for global grain markets due to relatively tight supply, there is concern that high prices are likely to remain in the coming years. Feed prices have been on an upwards trajectory for several months now, and the most recent Feed Market Report shows UK ex-farm spot prices remaining high. However, with ground conditions being poor in many regions of the UK due to prolonged rainfall, it is likely that less outwintering will be taking place. Therefore, there may be a heavier reliance on purchased feeds, which could increase costs based on current feed prices.

Opportunity:

Increasing industrialization of livestock production in emerging economies

Rising population and the need for satisfying the nutritional and taste preferences of the population in developing countries has led to increased industrialization of livestock production. In developing countries, cattle rearing have traditionally been a backyard occupation. However, with increased demand and more awareness regarding the economies of scale of maintaining larger herds, the cattle rearing in these countries have started to transform. For instance, in 2016, India produced 155.5 million metric ton of milk from a 189.3 million population of cattle, which was 195.8 million. milk production has increased to 187.7 million metric ton from 193.4 million population of cattle. Increased industrialization of cattle husbandry would lead to the adoption of advanced management practices including the usage of compound feed in appropriate dosages. This is expected to provide a fillip to the growth of the cattle feed market over the forecast period.

Threat:

Disruption in supply chain due to pandemic

The emergence of Covid-19 has taken a toll on the supply-demand of ingredients and additives, as China is a major raw material manufacturer in the region. In addition, transport restrictions to and fro from the country prevented vital ingredients, such as soybean meal, from being delivered to the cattle farms. Even though China has lifted the ban from the transportation of essential products, manufacturers in the country are still facing issues to get their products out of the country. The majority of the global supply of ingredients, including Vitamin B & D, lysine, and threonine, is manufactured in China. Major product consumers in North America and Europe have suffered the most during the pandemic due to delayed exports and disruptions in shipping. This also resulted in a price hike due to supply chain bottlenecks.

The additives segment is expected to be the largest during the forecast period

The additives segment is estimated to have a lucrative growth due to the growing demand from the cattle feed industry as a feed supplement. Some of the most prominently used amino acids in the animal feed additive industry are lysine, methionine, and cysteine. Lysine acts as a building block for protein in the animal body. As animals are not capable of producing this amino acid in sufficient quantity, it is provided through diet or supplementation.

The dairy segment is expected to have the highest CAGR during the forecast period

The dairy segment is anticipated to witness the fastest CAGR growth during the forecast period. Dairy cattle diets are divided into two segments. They are lactating and dry phase. Each phase comprises of 6 months, where the lactating phase is the first 6 months after giving birth, and dry phase is the latter 6 months, after reaching peak milk production. During the dry phase, the cows are impregnated with semen for the next calving cycle. The lactating phase requires both energy and protein-based diets to increase the milk yield as well as the milk protein content. The feed content is reduced for the dairy cows as there is not much feed conversion during the lactating phase. The dry phase includes mostly energy-based diets, in order to improve the strength of the pregnant cows while giving birth.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period. Asian countries have witnessed higher rate of traction for dairy products, owing to its increased demand from vegan consumers. Some key macroeconomic factors such as rise in social media usage and surge in per-capita income also play an important role in contributing toward the overall growth of the cattle feed market. In some Asian countries, the livestock population, especially cattle, is associated with rising human population, growing per capita incomes, changing technologies, availability of new practices such as urea addition to roughage to increase digestibility within cattle, and varying tastes. Further, the meat industries have been strengthening their numbers in the Asia Pacific regions due to the increasing demand for meat.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period owing to the easy and abundant availability of raw materials, such as maize and dextrose, in the region is expected to augment the market growth. Growing meat consumption, mainly in the U.S., coupled with stringent regulations regarding meat quality, is expected to drive the regional market over the forecast years.

Key players in the market:

Some of the key players profiled in the Cattle Feed Market include BASF SE, Biomin Holding GmbH, DSM, DE HEUS. ALL, Cargill, Incorporated, United Farmers Cooperative, ADM Animal Nutrition, Godrej Agrovet Ltd., Kemin Industries, Inc., Farmer's Grain Company, Land O'Lakes, Inc., Nutreco, Provita Eurotech Ltd, and Van Aarsen International.

Key Developments:

In October 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.

Ingredients Covered:
• Corn
• Oilseeds
• Additives
• Brans
• Cereals & Grains
• Protein Meals/Cakes
• Food Wastages
• Agro-industrial by-products

Animal Types Covered:
• Young Ruminants
• Mature Ruminants

Distribution Channels Covered:
• Offline
• Online

Applications Covered:
• Beef
• Dairy
• Calves
• Other Applications

End Users Covered:
• Feed
• Fodder
• Agro-Based
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances