Authored By: Sarah
11 Jul 2024

 Cattle Feed Market Size to grow by USD 18610.5 million between 2024-2028

According to a research report “ Cattle Feed Market” by Type (Dairy, Beef) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 18610.5 million, at a CAGR of  4.5% during the forecast period. Unsafe and contaminated feed ingredients pose a significant risk to the health and productivity of livestock, leading to increased disease outbreaks among farm animals. These diseases not only negatively impact farmers' operations but also the trade of livestock goods such as dairy, meat, and by-products. For instance, regions affected by epidemics of diseases like H5N1 influenza virus (2014) and foot-and-mouth disease (2011) in APAC, have faced export restrictions, highlighting the importance of investing in high-quality feed premixes to maintain animal health and prevent potential economic losses. Consumer awareness of this issue has grown, making it crucial for farmers to prioritize the use of premium feed ingredients to mitigate risks and ensure the production of healthy livestock.

Browse market data tables, figures, and in-depth TOC on “Cattle Feed Market” by Type (Dairy, Beef) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Type, the Dairy segment is projected to dominate the market size in 2024

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By Geography, APAC  segment is expected to hold the largest market size for the year 2024

In the global cattle feed market, the dairy segment holds a substantial share due to the increasing demand for dairy products derived from major dairy animals, including cows, water buffalo, nanny goats, and ewes. The FAO forecasts a 55% expansion in milk production and subsequent dairy product growth by 2050. These milk-based food products, such as milk, cheese, butter, dairy desserts, yogurt, cream curd, and paneer, are collectively referred to as lacticinia. The dairy industry's reliance on cattle for milk production necessitates a steady supply of high-quality feed to ensure optimal animal health and productivity.

APAC is forecasted to hold the largest market size by region in 2024

The cattle feed market represents a significant business sector, driven by the rising demand for high-quality animal nutrition. Key players in this industry focus on producing feed that optimizes livestock growth and health. Utilizing advanced technologies and innovative formulations, these companies cater to the diverse needs of cattle farmers, ensuring their herds thrive and produce at optimal levels. The market's growth is fueled by factors such as increasing global meat consumption and the expanding dairy industry.

The Cattle Feed Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Archer Daniels Midland Co.
  • BASF SE
  • Cargill Inc.
  • Charoen Pokphand Foods PCL
  • De Heus Voeders BV
  • Farmers Grain Co.
  • ForFarmers NV
  • Godrej Agrovet Ltd.
  • GRAND MASTER
  • Gujarat Cooperative Milk Marketing Federation Ltd.
  • J.R. Simplot Co.
  • Kemin Industries Inc.
  • Kolhapur Zilla Sahakari Dudh Utpadak Sangh Ltd.
  • Koninklijke DSM NV
  • Land O Lakes Inc.
  • New Hope Group Co. Ltd.
  • Nutreco N.V.
  • Provita Eurotech Ltd.
.

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Research Analysis Overview

The Cattle Feed Market is a significant sector in the agriculture industry, catering to the nutritional needs of mature and young ruminants for dairy and meat production. Cattle require a balanced diet rich in essential nutrients like Cysteine, Methionine, and Lysine, which are crucial amino acids for their growth and development. Wheat, Maize, Barley, Grass, Silage, and Legumes are common feed sources. However, mouth diseases and foot issues can impact cattle health, necessitating the addition of Fodder, Plus Mineral, Availa-4, and Mineral packs to their diet. These supplements provide essential Vitamin A, Antioxidants, Feed enzymes, Antibiotics, and Vitamins. Amino acids like Cysteine, Methionine, and Lysine are often added as feed additives to ensure optimal protein synthesis. Vitamins and Minerals are essential for various bodily functions, including bone growth, immune function, and milk production. Feed Acidifiers help improve feed efficiency and digestion, while Antibiotics and Antioxidants enhance animal health and productivity. Dairy cattle require a higher nutrient intake to produce milk, while young ruminants need specific nutrients for growth. The Cattle Feed Market offers a range of products tailored to meet these diverse requirements, ensuring the production of high-quality dairy products and meat.

Market Research Overview

The global Cattle Feed Market is witnessing significant growth due to the increasing demand for customized products that cater to the specific nutritional requirements of different cattle segments. Key players like Kemin Industries are leading this market with innovative offerings such as Intellibond Vital, which provides Vitamin A and other essential micronutrients for optimal cattle health. Competitiveness in the market is driven by the production of high-quality feed additives like Cysteine, Methionine, and Lysine, which improve the nutritional value of feed made from common ingredients like Wheat, Maize, Barley, and Dry forages such as Hay, Silage, Grass, and Legumes. Feed additives like Antioxidants, Feed enzymes, Antibiotics, and Feed acidifiers are crucial in preventing livestock diseases, including mouth diseases and foot diseases. In regions like Wuhan, Hubei province, where livestock farming is prevalent, these additives play a vital role in maintaining the health of mature and young ruminants. Mills and premixes manufacturers are also contributing to the market's growth by offering a range of products catering to the dairy segment and beef products. Companies like Alltech are investing in research and development to produce advanced feed solutions that optimize the production of dairy products and meat. Vitamins and amino acids are essential components of cattle feed, with Vitamin A being particularly important for eye health and immune function. The market for these additives is expected to grow as farmers seek to maximize the productivity and profitability of their herds.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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