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The cattle feed market size is estimated to grow by USD 18.61 billion at a CAGR of 4.5% between 2023 and 2028. The livestock industry is witnessing significant developments, with a heightened emphasis on animal health to prevent disease outbreaks and maintain food safety. This proactive approach is essential in an era where zoonotic diseases can pose a threat to both animal and human populations. Additionally, the production of cattle feed is growing at an unprecedented rate to meet the increasing demand for livestock products. Furthermore, there is a noticeable shift from unorganized livestock farming towards the organized sector. This transition is driven by the need for improved animal welfare, increased efficiency, and adherence to stringent regulatory standards. These trends are shaping the future of the livestock industry, making it a dynamic and evolving sector.
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The market is a significant sector in the agriculture industry, supplying essential nutrients to raise healthy cattle for meat and dairy production. This market caters to the requirements of young ruminants and mature ruminants, utilizing various feed ingredients like additives, amino acids, vitamins, feed acidifiers, antibiotics, feed enzymes, and antioxidants. Key feed ingredients include Vitamin A, mineral pack, Availa-4, and Plus Mineral. Fodder, derived from legumes, grass, and silage, is another crucial component. Cattle are fed on a variety of grains, such as barley, maize, and wheat, which are supplemented with essential nutrients to enhance their nutritional value. Lysine, methionine, and cysteine are essential amino acids that play a vital role in cattle growth and development. Feed additives like foot-mouth disease vaccines help prevent diseases, ensuring optimal animal health. The market is influenced by factors like increasing demand for meat and dairy products, advancements in feed technology, and government regulations. Key challenges include the rising cost of raw materials, environmental concerns, and the need for sustainable and eco-friendly feed production methods. Overall, the market is a dynamic and evolving sector, driven by the growing demand for high-quality animal products and the need for efficient and sustainable feed production. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increased focus on animal health to prevent disease outbreaks is notably driving market growth. The health of livestock is at risk due to the use of substandard and contaminated feed ingredients, leading to a decline in productivity for farmers. The increasing occurrence of diseases among farm animals has encouraged livestock farmers to invest in customized feed premixes to enhance animal immunity and prevent disease outbreaks.
Furthermore, the impact of diseases on livestock production can extend beyond the farm, affecting the trade of dairy, meat, and by-products. Countries experiencing disease outbreaks, such as the H5N1 influenza virus in APAC in 2014 and foot-and-mouth disease in 2011, have heightened consumer awareness regarding the importance of using high-quality feed premixes. By investing in premium feed products, farmers can safeguard their herds from illnesses and ensure the continuity of their livestock businesses. Thus, such factors are driving the growth of the market during the forecast period.
Rise in global meat consumption is the key trend in the market. The market is experiencing significant growth due to the increasing consumption of meat worldwide. Meat consumption has been on a steady rise in the past decade, with the global supply reaching approximately 1.48 million tons in 2022, marking a 4% increase from the previous year. This growth can be attributed to several factors, including population growth, which has led to an increase in the production capacity and supply of meat.
Additionally, there is a growing awareness among people about the importance of protein in their daily diet, leading to a higher demand for meat and meat products. Customized cattle feed products, enriched with essential nutrients such as Vitamin A, play a crucial role in enhancing the health and well-being of livestock, thereby contributing to the production of high-quality meat. This, in turn, fuels the growth of the market. Thus, such trends will shape the growth of the market during the forecast period.
Monitoring mycotoxin contamination in cattle feed is the major challenge that affects the growth of the market.
market caters to the demand for customized products to ensure optimal growth and health of livestock. However, natural and intentional pollutants in cattle feed pose a significant challenge. Mycotoxins, produced by various fungal species, are the most common contaminants.
Furthermore, these toxins grow on raw materials such as cereals, grains, nuts, spices, fruits, and by-products during pre- and post-harvest stages. Aflatoxins B1, B2, G1, and G2, patulin, citrinin, ochratoxin A and B, fumonisin B1 and B2, Type A trichothecenes, zearalenone, and emerging mycotoxins like enniatins are the most common mycotoxins found in cattle feed. Due to their persistent nature, these toxins cannot be eliminated through standard manufacturing methods. They can lead to reduced animal productivity and even cause cancer. Therefore, it is crucial for feed manufacturers to implement stringent quality control measures to ensure the production of safe and effective cattle feed. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Archer Daniels Midland Co.- The company offers cattle feed such as MoorMans, Range Minerals, and Mintrate.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth of the dairy segment will be significant during the forecast period. Cattle feed plays a vital role in the production of meat and dairy products from young ruminants and mature ruminants. In the dairy sector, cattle are primarily raised for their milk-producing capacity, which is transformed into a range of products such as milk, cheese, butter, yogurt, and other dairy desserts. The demand for these products is projected to increase by 55% by 2050, according to the United Nations Food and Agriculture Organization (FAO).
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The Dairy segment was valued at USD 44.98 billion in 2018. The Hubei province in Wuhan, China, is a significant contributor to the global market, with major players like Alltech and Kemin Industries providing essential feed additives. These additives include amino acids like Lysine, Methionine, and Cysteine, vitamins, feed acidifiers, antibiotics, feed enzymes, antioxidants, and mineral packs like Plus Mineral. These additives enhance the nutritional value of the feed, contributing to the growth and health of the cattle. The feed for dairy cattle consists of various sources like fodder, legumes, grass, silage, hay, and dry forages. Barley, Maize, and Wheat are common grains used in cattle feed. The feed mills manufacture these feeds in the form of premixes, ensuring a balanced diet for the cattle. The beef segment also relies on cattle feed to produce high-quality meat products. The use of feed additives like Intellibond Vital from Kemin Industries and micronutrients from various suppliers improves the competitiveness of the market. Livestock diseases, such as foot and mouth diseases, are a significant concern, and feed additives play a crucial role in preventing and managing these diseases.
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APAC is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is a significant sector in the agriculture industry, primarily focused on producing meat and dairy products. Young ruminants and mature ruminants are the primary consumers of cattle feed, which includes additives such as amino acids, vitamins, feed acidifiers, antibiotics, feed enzymes, and antioxidants. These additives are essential for enhancing the nutritional value of the feed and improving the health and productivity of the livestock. In Hubei province, Wuhan, companies like Alltech and Kemin Industries are leading players in the market. They provide a wide range of products, including mineral packs like Plus Mineral and premixes, to cater to the diverse needs of the dairy segment and beef products. Fodder, such as legumes, grass, silage, hay, and dry forages, form the base of the cattle feed. Barley, maize, and wheat are common grains used in cattle feed, and additives like Lysine, Methionine, Cysteine are added to ensure optimal growth and development. Livestock diseases, such as foot and mouth diseases, are common challenges in the industry, and feed additives play a crucial role in preventing and treating these diseases. Micronutrients, such as Intellibond Vital from Kemin Industries, are essential for maintaining the competitiveness of the market.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Animal Feed Market: Animal Feed Market Analysis APAC, Europe, North America, South America, Middle East and Africa - China, US, Brazil, Russia, Spain - Size and Forecast
Algae-based Animal Feed and Ingredients Market: Algae-based Animal Feed and Ingredients Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast
Animal Feed Vitamin Market: Global Animal Feed Vitamin Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, India, Germany - Size and Forecast
The market is a significant sector in the agriculture industry, catering to the nutritional needs of meat and dairy animals. The market is driven by the growing demand for meat and dairy products, particularly in developing countries. Young ruminants and mature ruminants are the primary consumers of cattle feed. Additives, such as amino acids, vitamins, feed acidifiers, antibiotics, feed enzymes, and antioxidants, are essential components of cattle feed.
Furthermore, these additives enhance the nutritional value of the feed and improve animal health and productivity. Fodder, including legumes, grass, silage, and hay, as well as dry forages, forms the base of cattle feed. Hubei province in China, specifically Wuhan, is a significant producer and consumer of cattle feed, with major players like Alltech having a strong presence. Livestock diseases, such as foot and mouth diseases, pose a significant challenge to the market, leading to the use of preventive measures like antibiotics and vaccines. Key players in the market include Kemin Industries, providing premixes and feed additives, and Micronutrients, offering Intellibond Vital. The competitiveness of the market is driven by the availability of raw materials, such as barley, maize, and wheat, and their prices, particularly for essential amino acids like lysine, methionine, and cysteine.
Market Scope |
|
Report Coverage |
Details |
Page number |
138 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 18.61 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.23 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 50% |
Key countries |
US, India, China, Brazil, and Argentina |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Archer Daniels Midland Co., BASF SE, Cargill Inc., Charoen Pokphand Foods PCL, De Heus Voeders BV, Farmers Grain Co., ForFarmers NV, Godrej Agrovet Ltd., GRAND MASTER, Gujarat Cooperative Milk Marketing Federation Ltd., J.R. Simplot Co., Kemin Industries Inc., Kolhapur Zilla Sahakari Dudh Utpadak Sangh Ltd., Koninklijke DSM NV, Land O Lakes Inc., New Hope Group Co. Ltd., Nutreco N.V., and Provita Eurotech Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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