Overview and Scope
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.
Sizing and Forecast
The cattle feeds market size has grown strongly in recent years. It will grow from $65.44 billion in 2023 to $70.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to green revolution, expansion of intensive livestock farming, globalization and trade liberalization, disease management in livestock, environmental concerns and sustainable practices.
The cattle feeds market size is expected to see strongly grown in the next few years. It will grow to $90.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to precision livestock farming, alternative protein sources, genomic selection for livestock breeding, climate-smart feeding strategies, regulatory changes and antibiotic reduction . Major trends in the forecast period include digitalization in supply chain management, research and development in animal nutrition, biotechnology in feed formulation, consumer demand for ethical and sustainable feeds, localized sourcing of feed ingredients .
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Segmentation & Regional Insights
The cattle feeds market covered in this report is segmented –
1) By Ingredients: Cereals, Cakes and Mixes, Food Wastages, Feed Additives
2) By Cattle Type: Beef Cattle, Dairy Cattle, Calves
3) By Distribution Channel: Offline, Online
Asia-Pacific was the largest region in the cattle feeds market in 2023. North America is expected to be the fastest-growing region in the forecast period.The regions covered in the cattle feeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
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Major Driver Impacting Market Growth
An increase in government subsidies for cattle is significantly contributing to the growth of the cattle feeds market. Governments all over the world have increased subsidies for cattle rustling because of the growing importance of cattle meat and products like milk, eggs. These government subsidies allow farmers to obtain better quality cattle feed for their animals and offer better nutrition and care. For instance, in 2022, the government of India launched the National Livestock Mission (NLM) to develop the animal husbandry sector. The scheme offers loans and subsidies, including up to 50% subsidy, a loan facility to livestock farmers, SHGs, FPOs, and companies. Therefore, an increase in government subsidies for cattle drives the cattle feeding market.
Key Industry Players
Major companies operating in the cattle feeds market report are Archer-Daniels-Midland Company, BASF SE, Cargill Incorporated, Kemin Industries Inc., Land O’Lakes Inc., Nutreco N.V., Godrej Agrovet Limited, Farmer’s Grain Company, Biomin Holding GmbH, United Farmers Cooperative, De Heus Voeders B.V., Charoen Pokphand Group, New Hope Group Co. Ltd., Kent Corporation, Tyson Foods Inc., Alltech Inc., Purina Animal Nutrition LLC, J.D. Heiskell & Co., Ridley Corporation Limited, Hallway Feeds Inc., Westway Feed Products LLC, Hi-Pro Feeds LP, Bartlett Milling Company L.P., New-Life Mills Ltd., Mercer Milling Company Inc., Feed Energy Company, The Mosaic Company, Southern States Cooperative Inc., Diamond V Mills Inc., Hubbard Feeds Inc., Furst-McNess Company LLC, Ranch-Way Feeds, Lakeland Feed and Supply Inc., Gilman Co-Operative Creamery Association, Chubby Mealworms LLC, Bagdad Roller Mills Inc.
The cattle feeds market report table of contents includes:
1. Executive Summary
2. Cattle Feeds Market Characteristics
3. Cattle Feeds Market Trends And Strategies
4. Cattle Feeds Market – Macro Economic Scenario
5. Global Cattle Feeds Market Size and Growth
……………………
31. Global Cattle Feeds Market Competitive Benchmarking
32. Global Cattle Feeds Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Cattle Feeds Market
34. Cattle Feeds Market Future Outlook and Potential Analysis
35. Appendix
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