Cattle Feed Market

The cattle feed market estimated to register a robust CAGR during the forecast period, between 2021 and 2028. Milk unions/ federations provide balanced feed for calves, which is composed of essential nutrients required for growth and body maintenance. Grain products, oil cakes and meals, bran, molasses, common salt, and minerals are used in the manufacturing process of cattle feed.

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Market Trends, Drivers, Restraints, and Opportunities:

• Increasing demands for dairy-based products such as cheese, milk, and butter is estimated to propel the market growth.
• Release of funds by governmental bodies and organization toward the agricultural sector is financially aiding the cattle farmers with purchasing power for better cattle feeds.
• Rising consumption of meat derivatives is driving the market growth. For instance, KFC, the fast-chain restaurant, is now functioning in 135 countries with more than 22,000 restaurants globally. Thus, growing disposable income among the population has instigated dietary changes such as eating more protein and meat, fueling the growth of the market. 

Scope of the report:

The report on cattle feed market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Market Segment Insights:

Additives segment is projected to hold significant market share

In the terms of ingredients, the cattle feed market can be divided into corn, soybean meal, wheat, oilseeds, additives, and others. The additives segment can be further divided into vitamins, minerals, amino acids, feed antibiotics, feed acidifiers, feed enzymes, antioxidants, and others. The vitamins segment can be further sub-segmented into vitamin A, vitamin B, vitamin C, and vitamin E. The amino acids segment can be segmented into methionine, lysine, threonine, tryptophan, and others. The feed enzymes segment can be further bifurcated into phytase and non-starch.

The additive segment is projected to hold a significant market share. These are manufactured and distributed by different participants in the form of premixes, through mills and distributors. These industry participants sell additives directly to the consumers by their brands or supply feed additives to integrated feed producers. With recurrent regulatory updates and rising R&D spending, the market is continually developing at a robust pace. However, the restriction on antibiotic use in developed economies of the US and Europe is estimated to open the market for alternative products, including amino acids, acidifiers, and enzymes.

Dairy segment is anticipated to account for a substantial share

Based on applications, the cattle feed market can be segmented into dairy, beef, calf, and others. The dairy segment is anticipated to account for a substantial share due to increasing demand for dairy and milk products in the emergent economies, thus resultant in the augmented industrialization of cattle rearing. The value of cattle and calf production in the US is rapidly growing due to high demand and rising competition in the market. Manufacturers are inclined towards product innovation and are offering customized products for dairy and beef applications.

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North America is expected to dominate the market

In terms of regions, the cattle feed market is classified as Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America is expected to dominate the market. Growing meat consumption, mainly in the US coupled with stringent regulations regarding meat quality is expected to drive the regional market during the coming years. Furthermore, easy and plentiful availability of raw materials, such as maize and dextrose, in the region is expected to augment the market growth in the region. Emerging economies such as China and India are perceiving rapid growth in cattle inventory since the last decade due to a high population and a significant rise in meat consumption. This, in turn, has resulted in higher demand for cattle feed in Asia Pacific.

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Segments

By Ingredients

• Corn
• Soybean Meal
• Wheat
• Oilseeds
• Additives
  • Vitamins
    • Vitamin A
    • Vitamin B
    • Vitamin C
    • Vitamin E
  • Minerals
  • Amino Acids
    • Methionine
    • Lysine
    • Threonine
    • Tryptophan
    • Others
  • Feed Antibiotics
  • Feed Acidifiers
  • Feed Enzymes
    • Phytase
    • Non-starch
  • Antioxidants
  • Others
• Others

By Applications

• Dairy
• Beef
• Calf
• Others

By Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

By Key Players

• Applegate Livestock Equipment Inc
• Provita Eurotech Ltd
• Beijing Goke Agriculture Machinary Co. Ltd.
• J.R Simplot Company
• Van Aarsen International
• National Farms
• V. H. Group
• Royal DSM N.V.
• Caprock
• BASF SE
• ADM
• ContiBeef LLC

Competitive Landscape

Key players in the cattle feed market are Applegate Livestock Equipment Inc, Provita Eurotech Ltd, Beijing Goke Agriculture Machinary Co. Ltd., J.R Simplot Company, Van Aarsen International, National Farms, V. H. Group, Royal DSM N.V., Caprock, BASF SE, ADM, and ContiBeef LLC. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.