USD 4.80 billion
Report ID: SQSG30C2020 | Region: Global | Published Date: September, 2022 | Pages: 165 | Tables: 63 | Figures: 69
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.
Global Market Size
USD 4.80 billion
Dairy cattle feed
Dairy cattle feed
To get more reports on the above market click here to Buy The Report
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.
To get detailed analysis on other segments, Request For Sample Report
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.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
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
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.
|Market size value in 2021||USD 4.80 billion|
|Market size value in 2028||USD 6.86 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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.
Our industry expert will work with you to provide you with customized data in a short amount of time.SPEAK TO AN ANALYST
Get lifetime access to our reportsBasic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.
Product ID: SQSG30C2020