Insights Into The Cattle Feeds Market’s Growth Opportunities Through 2023-2032 – Includes Cattle Feeds Market Share
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An increase in government subsidies for cattle are expected to drive innovation in cattle feeds manufacturing, thus driving the market during the forecast period.
The global cattle feeds market is expected to grow from $74.70 billion in 2022 to $77.09 billion in 2023 at a compound annual growth rate (CAGR) of 3.2%. The cattle feed market is expected to reach $87.45 billion in 2027 at a CAGR of 3.2%.
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Global Cattle Feeds Market Segments Include:
- By Ingredients: 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 is the largest region in the global cattle feeds market in 2021.
Major Market Players in the cattle feeds market include 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.
Technological advancements are a key trend gaining popularity in the cattle feed market. Companies are focusing on devising methods and platforms for enhancing feed quality and performance. For instance, in 2021, a US-based Cnossen Dairy partnered with a US-based farming technology company, Grov Technologies, to build a controlled environment feed centre to grow fresh feed throughout the year for cattle and livestock, using fewer resources and energy than conventional methods. The new centre would leverage machine learning growing protocols to consistently produce high-density nutrient feed (HDN). The new facility would offer cows with a highly nutritious, consistent feed year-round and also reduce the impact of droughts and climate change while also delivering more sustainably produced products to consumers.
The Cattle Feeds Global Market Report 2023 provides a cattle feeds market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cattle feeds market forecast analyzes cattle feeds market size, cattle feeds market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Cattle feeds are a mixture of silage, grain, hay, supplement, salt, by-product, salt, mineral, and vitamin that are fed to cattle and domestic animals such as livestock. This helps in animal well-being in various aspects such as it increases milk production, and reproductive efficiency of the livestock.
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