Global Cattle Feed Market

Global Cattle Feed Market Size, Share, Growth Analysis, By Ingredients(Wheat, Corn), By Application(Dairy feed, Beef feed) - Industry Forecast 2022-2028


Report ID: SQSG30C2020 | Region: Global | Published Date: September, 2022 | Pages: 165 | Tables: 63 | Figures: 69

Global Cattle Feed Market Insights

Global Cattle Feed market size was valued at USD 4.80 billion in 2021, and it is expected to reach a value of USD 6.86 billion by 2028, at a CAGR of 5.34% over the forecast period (2022–2028).

Globally, the market has benefited from the industrialisation of cattle products including meat and dairy products as well as the rising population. The main factor driving market expansion is the rise in consumer knowledge of the nutritional value of food as well as the safety of meat and milk products. Young ruminants and mature ruminants are two categories of cattle. Amino acids, vitamins, feed acidifiers, antibiotics, feed enzymes, antioxidants, and other supplements are used depending on the age of these ruminants. Products containing vitamin A and minerals, such as Availa-4 and 20-10 Plus Mineral, are frequently used to boost cattle's immune system, reproductive ability, and vision as well as to fill nutritional gaps.

Given that China is a significant producer of raw materials in the area, the creation of Covid-19 in Wuhan, the capital of Hubei province, has had an adverse effect on the supply-demand of ingredients and additives. In addition, it was unable to get essential materials, such as soybean meal, to the cattle farms because of travel restrictions to and from the nation. Chinese firms are still having trouble exporting their goods, despite the country's lifting of the restriction on the movement of necessities. China manufactures the vast bulk of the world's supply of substances, such as Vitamin B & D, lysine, and threonine. Due to slowed exports and shipping interruptions, major goods consumers in North America and Europe have suffered the most throughout the pandemic. As a result of the resulting supply chain constraints, prices also increased. However, it is predicted that fewer limitations on globally critical resources will increase product demand.

Market snapshot

Global Market Size

USD 4.80 billion

Largest Segment

Dairy cattle feed

Fastest Growth

Dairy cattle feed

Growth Rate

5.34% CAGR

Global Cattle Feed Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Cattle Feed Market Size by Application, 2022-2028 ($ Bn)
Global Cattle Feed Market Size by Application, 2022-2028 (%)

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Global Cattle Feed Market Segmental Analysis

The Global Cattle Feed Market is segmented based on ingredients, application, and region. Based on ingredients, the market is segmented into wheat, corn, soybean, and additives. Based on application, the market is segmented into dairy cattle feed and beef cattle feed. Based on region, the global Cattle Feed market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Analysis by Ingredients

In 2021, the most used ingredient in the cattle feed industry was corn which accounted for more than 26% of the cattle feed formulation and usage globally. Major grain producers like Cargill, Inc. and BASF SE are integrated along the supply chain to offer feed ingredients and use maize as the major source of energy in cattle feed, create a one-stop shop for manufacturers, and cut down on sourcing and logistical expenses. Alltech and others are some of the few enterprises that are fully backward integrated, meaning they produce both raw materials such as cereal grains and cattle feeds. Which increases the demand for maize and drives the cattle feed market.

Analysis by Application

The dairy feed segment accounted for the major share in the global cattle feed market with more than 60% of the cattle feed market share. Increasing competition and manufacturers providing innovative feed formulations for better milk yield and maintenance of health for proper heat cycles are the major reasons for this dominance. Some of the major problems in dairy cattle are infertility and late puberty in heifers which could be solved by the use of compound cattle feed for various groups of dairy cattle. These all are increasing the demand for compound cattle feed in the market and will drive the cattle feed market growth during the analysis period.

Global Cattle Feed Market By Application, 2021 (%)

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Global Cattle Feed Market Regional Insights

Over 34% of worldwide sales in 2021 came from North America, making it the dominant region globally. The region's market is predicted to grow in the coming years due to increasing meat consumption, particularly in the US, and strict rules on meat quality. In addition, the region's extensive and simple supply of raw materials including maize and dextrose is anticipated to boost market expansion. The Asia Pacific is expected to have the highest CAGR during the forecast period. Due to their large populations and increasing demand for meat, emerging economies like China and India have seen a sharp increase in their cattle stockpiles over the past decade. Cattle feed prices have been increasing as a result of this trend.

European markets, such as Spain and Germany have recently emerged as major players. With 330 feed mills, Germany is well-positioned to contribute to Europe's expanding cattle feed market. In addition, the Spanish cattle feed sector is primarily driven by the fact that pork and cattle account for more than 65% of the country's total animal feed consumption. Due to free trade agreements between the European Union countries the cattle feed market is set to grow in the region during the analysis period.

Global Cattle Feed Market By Geography, 2022 - 2028
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  • Fastest

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Global Cattle Feed Market Dynamics

Driver

  • Concerns over meat quality and safety have increased in response to rising public knowledge of livestock diseases. This has led to a greater emphasis on using high-quality feed ingredients. These have created a demand for cattle feed and are driving the global cattle feed market. Partnerships and mergers and acquisitions among market participants have increased dramatically in recent years, helping businesses expand their brand offerings, enter new regional markets, and reap other benefits that are expected to increase product demand.

Restraint

  • The expansion of the industry would be restrained throughout the analysis period by the increasing demand for main grains like barley, maize, and wheat from other commercial applications including the biofuel and food industries. These will slow down the cattle feed market growth during the forecast period.

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Global Cattle Feed Market Competitive Landscape

The Cattle Feed market is relatively fragmented, with a high level of competition. Few large players, like BASF SE, DSM, and Kemin Industries, Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.

Top Player’s Company Profiles

  • BASF SE (Germany)
  • DSM (Netherlands)
  • Cargill, Inc. (US)
  • ADM Animal Nutrition (US)
  • Kemin Industries, Inc. (US)
  • Biomin Holding GmbH (Austria)
  • Nutreco N.V. (Netherlands)
  • Land O'Lakes, Inc. (US)
  • Farmer's Grain Company (US)
  • United Farmers’ Cooperative (US)
  • DE HEUS. (Netherlands)
  • Godrej Agrovet Ltd. (India)
  • Patanjali Cattle feed (India)
  • IFFCO Kishan Co. (India)

Recent Developments

  • In June 2022, DSM announced that it has agreed to acquire Prodap, Brazilian animal nutrition, and technology company that combines technology offerings, consulting services, and customized nutritional solutions to drive efficiency and sustainability in animal farming.
  • In April 2022, Elanco Animal Health Incorporated and Royal DSM formed a strategic agreement to combat climate change and lower greenhouse gas emissions from farming. The sole licensing rights in the US to develop, manufacture, and commercially market Bovaer for beef and dairy cattle are held by Elanco.

Global Cattle Feed Key Market Trends

  • Amino acids like lysine, methionine, and cysteine are widely employed in the animal feed additive industry. In animals, lysine serves as a fundamental component of proteins. Since animals can't make enough of this amino acid on their own, it must be obtained through food or supplements. Methionine is a powerful antioxidant and necessary amino acid that plays a crucial role in the liver and detoxification processes of all animals. And it helps keep cattle nails and skin healthy, too. Over the projection period, the amino acid is expected to see considerable demand from the cattle feed industry as a feed additive.
  • Premixes of feed additives are produced and delivered by several different entities, including mills and distributors. They either market their own branded additives to consumers or provide additives to integrated feed manufacturers. The market is always evolving thanks to factors such as increased R&D spending and regular revisions to relevant regulations. However, it is expected that the ban on antibiotic usage in the developed regions of the US and Europe will create opportunities for amino acids, acidifiers, and enzymes.

Global Cattle Feed Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the global Cattle Feed Market is segmented based on ingredients, application, and region. The most used ingredient in the cattle feed industry was corn. Based on application, the market is segmented into dairy cattle feed and beef cattle feed. Based on region, the global Cattle Feed market is segmented into North America, Europe, Asia-Pacific, South America, and MEA. The dairy feed segment accounted for the major share in the global cattle feed market with more than 60%. The Asia Pacific is expected to have the highest CAGR during the forecast period. European markets, such as Spain and Germany, have recently emerged as major players. Some of the major problems in dairy cattle are infertility and late puberty in heifers which could be solved by the use of compound cattle feed for various groups of dairy cattle.

Report Metric Details
Market size value in 2021 USD 4.80 billion
Market size value in 2028 USD 6.86 billion
Growth Rate 5.34%
Base year 2021
Forecast period 2022–2028
Forecast Unit (Value) USD Billion
Segments covered
  • Ingredients
    • Wheat, Corn, Soybean, Additives
  • Application
    • Dairy feed, Beef feed
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • BASF SE (Germany)
  • DSM (Netherlands)
  • Cargill, Inc. (US)
  • ADM Animal Nutrition (US)
  • Kemin Industries, Inc. (US)
  • Biomin Holding GmbH (Austria)
  • Nutreco N.V. (Netherlands)
  • Land O'Lakes, Inc. (US)
  • Farmer's Grain Company (US)
  • United Farmers’ Cooperative (US)
  • DE HEUS. (Netherlands)
  • Godrej Agrovet Ltd. (India)
  • Patanjali Cattle feed (India)
  • IFFCO Kishan Co. (India)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Cattle Feed Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Cattle Feed Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Cattle Feed Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cattle Feed Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cattle Feed Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Cattle Feed Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Cattle Feed market size was valued at USD 4.80 billion in 2021, and it is expected to reach a value of USD 6.86 billion by 2028, at a CAGR of 5.34% over the forecast period (2022–2028).

The Cattle Feed market is relatively fragmented, with a high level of competition. Few large players, like BASF SE, DSM, and Kemin Industries, Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'BASF SE (Germany)', 'DSM (Netherlands)', 'Cargill, Inc. (US)', 'ADM Animal Nutrition (US)', 'Kemin Industries, Inc. (US)', 'Biomin Holding GmbH (Austria)', 'Nutreco N.V. (Netherlands)', 'Land O'Lakes, Inc. (US)', 'Farmer's Grain Company (US)', 'United Farmers’ Cooperative (US)', 'DE HEUS. (Netherlands)', 'Godrej Agrovet Ltd. (India)', 'Patanjali Cattle feed (India)', 'IFFCO Kishan Co. (India)'

Concerns over meat quality and safety have increased in response to rising public knowledge of livestock diseases. This has led to a greater emphasis on using high-quality feed ingredients. These have created a demand for cattle feed and are driving the global cattle feed market. Partnerships and mergers and acquisitions among market participants have increased dramatically in recent years, helping businesses expand their brand offerings, enter new regional markets, and reap other benefits that are expected to increase product demand.

Amino acids like lysine, methionine, and cysteine are widely employed in the animal feed additive industry. In animals, lysine serves as a fundamental component of proteins. Since animals can't make enough of this amino acid on their own, it must be obtained through food or supplements. Methionine is a powerful antioxidant and necessary amino acid that plays a crucial role in the liver and detoxification processes of all animals. And it helps keep cattle nails and skin healthy, too. Over the projection period, the amino acid is expected to see considerable demand from the cattle feed industry as a feed additive.

Over 34% of worldwide sales in 2021 came from North America, making it the dominant region globally. The region's market is predicted to grow in the coming years due to increasing meat consumption, particularly in the US, and strict rules on meat quality. In addition, the region's extensive and simple supply of raw materials including maize and dextrose is anticipated to boost market expansion. The Asia Pacific is expected to have the highest CAGR during the forecast period. Due to their large populations and increasing demand for meat, emerging economies like China and India have seen a sharp increase in their cattle stockpiles over the past decade. Cattle feed prices have been increasing as a result of this trend.

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