Global Cattle Feeds Market Overview And Prospects
Learn about the global cattle feeds market through The Business Research Company, which provides information on cattle feeds market size, cattle feeds market drivers and restraints, cattle feeds market players, the COVID-19 impact on the cattle feeds market, and more.
The global cattle feed market size is expected to grow from $62.46 billion in 2021 to $64.46 billion in 2022 at a compound annual growth rate (CAGR) of 3.21%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global cattle feed market size is expected to reach $73.19 billion in 2026 at a CAGR of 3.22%.
An increase in government subsidies for cattle is significantly contributing to the growth of the cattle feed market.
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The cattle feed market consists of sales of cattle feed by entities (organizations, sole traders, or partnerships) that refer to a mixture of various concentrate feed ingredients in a certain proportion given to domestic animals, especially those in the livestock. Cattle feed can consist of grains, brans, hay, silage, supplement, mineral salt, vitamins and others given for the growth, maintenance and milk production of animals.
Global Cattle Feeds Market Segments Include:
By Ingredient: Cereals, Cakes and Mixes, Food Wastages, Feed Additives
By Cattle Type: Beef Cattle, Dairy Cattle, Calves
By Distribution Channel: Offline, Online
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the cattle feed market in 2021.
Technological advancements is a key trend gaining popularity in the cattle feed market. Companies are focusing on devising methods and platforms for enhancing feed quality and performance.
TBRC’s cattle feeds market report covers:
Major Market Players: Archer Daniel Midland Company, BASF Se, Cargill, Inc., Kemin Industries, Land O’ Lakes Inc., Nutreco, Land O’Lakes, Inc., Godrej Agrovet Limited, Farmer’s Grain Company, Biomin Holding GmbH, United Farmers Cooperative, DE HEUS. ALL, Charoen Pokphand Group, New Hope Group and Kent Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Cattle Feeds Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides cattle feeds market overviews, analyzes and forecasts market size, share, cattle feeds market players, cattle feeds market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s cattle feeds market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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