Cattle Feed Market

• 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.

The increasing global demand for meat is a primary driver of the Global Cattle Feed Market Industry. As populations grow and dietary preferences shift towards protein-rich foods, the need for cattle feed escalates. In 2024, the market is valued at approximately 84.2 USD Billion, reflecting the heightened consumption of beef and dairy products. Countries such as the United States and Brazil, known for their substantial cattle industries, are experiencing significant growth in feed requirements. This trend is expected to continue, with projections indicating that by 2035, the market could reach 126.3 USD Billion, underscoring the importance of cattle feed in meeting global protein needs.

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 industry. Large multinational corporations like Cargill Inc. are common in the region's market of cattle feed, 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, Market Research Future 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 industry. 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 industryheld the largest market share, and the UK market for cattle feed 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 industry held the largest market share, and the India cattle feed industry was the fastest-growing market in the Asia-Pacific region.

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.