Global Cattle Feed Market

Cattle Feed Market Size, Share, Growth Analysis, By Ingredients(Wheat, Corn, Soybean, Additives), By Application(Dairy feed, Beef feed), By Region - Industry Forecast 2024-2031

Report ID: SQSG30C2020 | Region: Global | Published Date: April, 2024
Pages: 270 | Tables: 63 | Figures: 75

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.

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Global Cattle Feed Market size was valued at USD 76.267 billion in 2019 and is poised to grow from USD 79.2 billion in 2023 to USD 104.18 billion by 2031, growing at a CAGR of 3.92% in the forecast period (2024-2031).

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. 'Archer Daniels Midland Company', 'Cargill, Inc.', 'Land O’Lakes, Inc.', 'Purina Animal Nutrition LLC', 'Alltech, Inc.', 'Nutreco N.V.', 'Charoen Pokphand Foods PCL', 'Ridley Corporation Limited', 'J. D. Heiskell & Co.', 'Kent Nutrition Group, Inc.', 'Hi-Pro Feeds LP', 'Westway Feed Products LLC', 'Tyson Foods, Inc.', 'Midwestern BioAg, Inc.', 'ForFarmers N.V.', 'Ewos Group', 'Wen’s Food Group Co. Ltd.', 'DE HEUS', 'ADM Alliance Nutrition, Inc.', 'Farmers Cooperative Company.'

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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Global Cattle Feed Market

Report ID: SQSG30C2020

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