Cattle Feed Market Research Report Information By Ingredient type (Protein Meals/Cakes, Cereals & Grains, Brans, Additives, and others), By Application (Beef Cattle, Dairy Cattle, Calves, and others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

Global Cattle Feed Market Overview:

Cattle Feed Market Size was valued at USD 79.6 billion in 2022. The Cattle Feed market is projected to grow from USD 82.720 Billion in 2023 to USD 104.18 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.92% during the forecast period (2023 - 2030). Expanding livestock production's industrialization in developing nations is the key market driver enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Cattle Feed Market Trends

• expanding the industrialization of livestock production in developing nations to boost the market growth

Animal feed refers to the food provided to domestic animals, particularly those used in livestock. In animal agriculture, feed for cattle is a crucial component that accounts for most animal-rearing expenses. Farmers typically work to lower the cost of this food by substituting less expensive feeds, like spent grain from beer brewing, for more expensive feeds. One of the key elements affecting the livestock industry's future is the welfare of the animals. Animal welfare is heavily reliant on well-balanced nutritional feed. The market for feed acidifiers, feed enzymes, feed antibiotics, and feed microbial is growing along with the cattle feed industry. The demand for these trends is correlated with rising levels of meat protein consumption and the elevated value placed on high-quality feed ingredients. Cattle are typically divided into two categories: dairy and beef. They manufacture their feeds specifically for dairy and beef cattle. 2019 saw a 1% increase in the price of beef feed. Oceania experienced the highest growth at 13 percent or 95,000 metric tons. Droughts in the area were primarily to blame, as they reduced forages and forced beef producers to finish their herds in feedlots. Very few declines were observed in the dairy feed estimates for 2019. Sales fell by 3% and 11% in Oceania and Latin America, respectively. The amount of dairy feed consumed in Argentina is thought to have decreased by 870,000 metric tons; Venezuela and Costa Rica were also affected. The dairy industry faced difficulties in Oceania, including New Zealand, where the government set new, lower target emissions.

The market for cattle feed is expanding quickly as milk producers switch from conventional cattle feed to more nutritionally balanced compound feed as they become aware of the real advantages of nutritional feed in terms of increased yield. The livestock industry, the most important aspect of agricultural development in Asia, has been expanding at a never-before-seen rate in recent decades. Regarding sales, livestock products comprise about 40% of all agricultural output and are growing more quickly than any other agricultural subsector. The livestock industry has been forced to adapt and grow to meet society's expectations by providing wholesome animal feed to livestock animals due to population growth, rising living standards, and a rapid rise in the consumption of animal products. Therefore, this factor supports the expansion of the market for cattle feed and has enhanced the Cattle Feed market CAGR across the globe in recent years.

Cattle Feed Market Segment Insights:

Cattle Feed Ingredient Type Insights

The Cattle Feed market segmentation, based on Ingredient type, includes Protein Meals/Cakes, Cereals & Grains, Brans, Additives, and others. The Cereals & Grains segment held the majority share in 2022 contribution concerning the Cattle Feed market revenue. Important grain producers, like Cargill, Inc. and BASF SE, are integrated along the value chain to provide ingredients for feed, act as a one-stop shop for manufacturers, and cut costs associated with sourcing and logistics. A select few businesses, including Charoen Pokphand (CP) and Alltech, are also backwardly integrated to produce raw materials (feed grains) and finished goods to reduce raw material costs. By 2050, the Food and Agriculture Organization of the United Nations (FAO) forecasted a 55 percent increase in dairy products and a 70 percent increase in beef products. The segment's expansion can be attributed to the rising demand for dairy and milk products in emerging economies, which has accelerated industrialization in cattle farming.

The U.S. industry's value in producing cattle and calves. The U.S. rapidly rose in 2010 due to high demand and escalating market competition. Manufacturers are focused on product innovation and provide specialized goods for dairy and beef applications. To support the health and performance of dairy and beef cattle, Kemin Industries and Micronutrients introduced Intellibond Vital 5 Cr in September 2018. This product contains six essential trace minerals.

Cattle Feed Application Insights

Based on Application, the Cattle Feed market segmentation includes Beef Cattle, Dairy Cattle, Calves, and others. The Dairy Cattle segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Livestock production has become more industrialized due to the rising population and the need to meet the dietary and gustatory preferences of the populace in developing nations. In developing nations, raising cattle has typically been a backyard occupation. The practice of raising cattle in these nations has begun to change due to demand and increased knowledge of the economies of scale that can be achieved by maintaining larger herd implants for Cattle Feed, positively impacting the market growth.

Figure 1: Cattle Feed Market, by Applications, 2022 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Cattle Feed Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North America Cattle Feed market accounted for USD 36.4568 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. Demand for cattle feed is rising as the population grows. The United States consumed 284 million metric tons of animal feed in North America in 2019, of which 64 million metric tons went to feed beef cattle. The United States is one of the world's largest producers and exporters of cattle feed due to the sizeable size and demand of its livestock industry. The United States contributed 90.7 percent of all feed exports in 2020, according to ITC. The production and consumption of cattle feed are growing yearly in the region, but the region holds a significant portion of the cattle feed market. Large multinational corporations like Cargill Inc. are common in the region's cattle feed market, which distinguishes it. Land O' Lakes, and ADM, among others, are well-known in the United States and Canada.

Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: CATTLE FEED MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s Cattle Feed market accounts for the second-largest market share. Germany's 330 feed mills will aid the expansion of the European market. Additionally, pork and cattle consumption accounts for more than 65% of all animal feed consumption in Spain, making them the primary drivers of the country's cattle feed market. Over the forecast period, free trade agreements in the region for nations in the European Union will positively impact market growth. Further, the Germany Cattle Feed market held the largest market share, and the UK Cattle Feed market was the fastest-growing market in the European region.

The Asia-Pacific Cattle Feed Market is expected to grow at the fastest CAGR from 2022 to 2030 due to the rise in demand from vegan consumers. The overall expansion of the market for cattle feed is influenced by several important macroeconomic factors, including the rise in social media usage and the increase in per capita income. The demand for meat and dairy products in child nutrition is expected to increase, which will likely lead to significant growth for LAMEA. The number of millennials in the area has also increased significantly, and they are the biggest consumers of new meat and food products. So, the growing millennial population is expected to present lucrative market opportunities for cattle feed. Moreover, the China Cattle Feed market held the largest market share, and the India Cattle Feed market was the fastest-growing market in the Asia-Pacific region.

Cattle Feed Key Market Players & Competitive Insights

Major market players are spending much on R&D to increase their product lines, which will help the Cattle Feed market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Cattle Feed industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

Manufacturing locally to reduce operating costs is one of the primary business strategies manufacturers adopt in the Cattle Feed industry to benefit clients and expand the market sector. The Cattle Feed industry has provided medicine with some of the most significant benefits in recent years. The Cattle Feed market’s major players include Land O’lakes Inc. (US) and BASF SE (Germany), Cargill Inc. (US), Nutreco N.V.(Netherlands), DSM N.V.(Netherlands), Charoen Pokphand Group (Thailand), New Hope Grou (UK), Archer Daniels Midland Company (US), Country Bird Holdings (South Africa), and others, are working on expanding the market demand by investing in research and development activities.

Land O’lakes Inc. (US) 320 dairy farmers gathered in St. Louis in 1921. Minnesota Cooperative Creameries Association to be established in St. Paul, Minnesota. Simple marketing and distribution strategies for member dairy production were their only goal as they banded together. Today, we can view agriculture from farmer to fork thanks to our four businesses, which span the entire agricultural system.

Also, BASF SE (Germany) We at BASF think people are the key to our long-term success, and everyone has talent. We give our employees the resources, direction, and chances they need to advance and succeed professionally and personally. We create chemistry by giving you the assistance required to perform at your peak and achieve your goals. After all, your success is correlated with ours. Whatever career path you want, BASF is a fantastic place to start.

Key Companies in the Cattle Feed market include

• Land O’lakes Inc. (US)


• BASF SE (Germany)


• Cargill Inc. (US)


• Nutreco N.V.(Netherlands)


• DSM N.V.(Netherlands)


• Charoen Pokphand Group (Thailand)


• New Hope Grou (UK)


• Archer Daniels Midland Company (US)


• Country Bird Holdings (South Africa)


• Alltech Inc. (US)


• Godrej Agrovet Limited (India)


• Kent Corporation (US)


• Friona Industries (US)


• ContiBeef LLC (US)


• Evonik Industries AG (Germany)

Cattle Feed Industry Developments

November 2020: According to FAO, India's cattle population increased from 191 million in 2017 to 194 points four million in 2020. India also produced 187.7 million metric tons of milk in 2019, an increase of 13.4 percent from 2017.

November 2020: The FAO estimates that in landlocked developing nations in 2020, cow milk production will account for 411.5 million metric tons.

Cattle Feed Market Segmentation:

Cattle Feed Ingredient type Outlook

• Protein Meals/Cakes


• Cereals & Grains


• Brans


• Additives


• Others

Cattle Feed Application Outlook

• Beef Cattle


• Dairy Cattle


• Calves


• others

Cattle Feed Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America
  
  
  
  

Report Scope:

Report Attribute/Metric	Details
Market Size 2022	USD 79.6 billion
Market Size 2023	USD 82.720 billion
Market Size 2030	USD 104.18 billion
Compound Annual Growth Rate (CAGR)	3.92% (2023-2030)
Base Year	2022
Market Forecast Period	2023-2030
Historical Data	2019 - 2021
Market Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Ingredients Type, Applications, and Region
Geographies Covered	North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered	The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	Land O’lakes Inc. (US) and BASF SE (Germany), Cargill Inc. (US), Nutreco N.V.(Netherlands), DSM N.V.(Netherlands), Charoen Pokphand Group (Thailand), New Hope Grou (UK), Archer Daniels Midland Company (US), Country Bird Holdings (South Africa)
Key Market Opportunities	The rise in demand from vegan consumers.
Key Market Dynamics	Expanding the industrialization of livestock production in developing nations.

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