Global Cattle Feed Market Size to Grow At 3.93% CAGR From 2023 to 2030.

Cattle Feed Market Analysis (2023-2030)

As per our research report, the Global Cattle Feed Market size is estimated to be growing at a CAGR of 3.93% from 2023 to 2030.

While the supply of animal feed has been significantly impacted by the coronavirus pandemic, demand has remained rather stable in 2020. To stop the spread of the disease, various countries have put in place a variety of policies impacting people, businesses, factories, industries, and even consumers. Researchers predict that the consumption of wheat, soybeans, and maize in animal feed will all likely decrease. Consumption of meat and fish is significantly declining worldwide. As a result, the demand for grain and oilseed (G&O) has significantly decreased. In 2020, consumption of soybean, maize, and wheat is expected to decline by 6% in countries including Vietnam, Thailand, Malaysia, and the Philippines, according to researchers investigating animal feed. Around 65% of the net annual utilization in the animal feed industry is made up of soy, maize, and wheat production, with the remaining 35% going towards human consumption. Because of this, even while G&O use in the home has increased, the decline in consumption in the animal feed industry much balances it.

Animal feed is the name for the food provided to domestic animals, notably those used in cattle. The bulk of expenses associated with animal care are related to cattle feed, which is a crucial component of animal husbandry. Farmers typically attempt to lower the cost of this meal by substituting less expensive feeds, such as leftover beer-brewing barley, for more expensive feeds. Animal welfare is one of the main factors influencing the future of the cattle sector. Animal health depends on having nutritionally balanced food. The market for feed acidifiers, enzymes, antibiotics, and microbials is growing along with the bovine feed industry. The need for these advancements is related to the rise in meat protein consumption and the value placed on premium feed ingredients. Droughts in the area were a major contributing factor since they reduced pasture availability and forced beef farmers to finish their herds in feedlots. The 2019 dairy feed projections revealed a very little decline. Sales fell by 3% and 11% in Oceania and Latin America, respectively. Argentina is thought to have consumed 870,000 metric tonnes less dairy feed than both Venezuela and Costa Rica put together. The dairy business had difficulties throughout Oceania, particularly in New Zealand where the government set new, lower emission goal levels.

Customer demand for ethically produced food is driving the rising popularity of ethical and ecological agricultural techniques. For these procedures, specialized cow feed that is organic or free of genetically modified organisms (GMOs) is usually needed. Customers' awareness of the sources of their food is rising, which is driving up demand for such specialized cow feed options. Environmentally responsible agricultural practices are highly connected with increased demand for specific types of cow feed.

Two examples of artificial and natural pollutants in cow feed are mycotoxins and antibiotics. In addition to potentially reducing animal production or causing cancer in animals, the majority of mycotoxin compounds are frequently persistent and cannot be eliminated using current feed and food preparation processes. They may also build up in meat, milk, or eggs, which might end up in the hands of consumers and be unhealthy. These issues may limit the growth of the global market for cow feed throughout the anticipated time frame.

KEY MARKET INSIGHTS: 

• Based on the ingredients, Maize made up the majority (42%), by far. Corn serves as the primary source of energy in cow feed due to its high carbohydrate content. 22% of cow diet is supplemented with soybean meal, a high-protein byproduct of soybean oil manufacturing.  
• Based on the application, Dairy received 52% of the market, which was the largest share. Dairy cattle require a specific diet to support high milk production, reproductive health, and general well-being. Feed for beef cattle is formulated to increase growth and meat quality by 30%. It often has a higher energy content, which is frequently given by maize, and lays less of an emphasis on protein than feed for dairy animals.

• Based on the distribution channel, 65% of the largest portion was offline. Particularly in rural areas where digital adoption is less prevalent, many people still watch television via analog television sets. Due to the expansion of e-commerce platforms, farmers now have more options for where to buy cow feed online.
• Based on the region, it is expected that the market for cattle feed in North America, which had sales of USD 36.4568 billion in 2022, would grow by 45% at a significant CAGR over the study period. The need for cow fodder is rising as the population grows. The Asia-Pacific Cattle Feed Market is predicted to grow at the fastest CAGR between 2023 and 2030 due to the spike in demand from vegan consumers.
• Companies playing a leading role in the Global Cattle Feed market profiled in this report are Land O'lakes Inc., BASF SE, Cargill Inc., Nutreco N.V., DSM N.V., Charoen Pokphand Group

Global Cattle Feed Market Segmentation:

By Ingredient

• Corn
• Soybean Meal
• Wheat
• Oilseeds
• Additives
• Others

By Application

• Beef Cattle
• Dairy Cattle
• Calves
• others

By Distribution Channel

• Offline
• Online

By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

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