Global Cattle Feed Market by Ingredients (Wheat, Additives, Corn), by Application (Dairy, Beef) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Summary of the Report
Global cattle feed market value was USD 74.8 billion in 2019. It is projected to grow at a compound annual rate (CAGR), of 3.2% between 2020 and 2027. Globally, the market has been positively impacted by the industrialization of cattle products such as meat and milk products. Market growth was driven by increased consumer awareness regarding the safety of meats and milk products as well as the nutritional content of the food. You can divide cattle into mature and young ruminants. The additives used depend on the age of the ruminants. They include vitamins, amino acids, feed acidifiers and antibiotics as well as feed enzymes, antioxidants and other nutrients. Vitamin A and mineral packs such as Availa-4 and 20-10 Plus Mineral can be used to increase immunity, reproduction, vision, and decrease cattle's deficiencies. Cattle feed is primarily composed of fodder, legumes and grasses. It also includes hay, dry forages, and silage. The market is expected to grow because of rising demand for feed that adds nutritive value to cattle and increases efficiency.
Covid-19's emergence in Wuhan, the capital of Hubei province has had a significant impact on the demand for ingredients and additives. China is a major source of raw materials in the region. Transport restrictions between China and the country made it difficult for vital ingredients such as soybean meal to be delivered to cattle farms. Despite China lifting the ban on the transport of essential products from China, the problem for manufacturers is still to get their products out.
China is home to the majority of the world's ingredients, including Vitamin B & D and lysine. Due to delays in exports and disruptions in shipping, the pandemic has impacted the largest product consumers in North America as well as Europe. Due to supply chain disruptions, this also led to a price rise. The global ease in restrictions on essential commodities is expected to increase product demand.
Ingredients Insights
In 2019, corn was the most important ingredient segment and accounted more than 25% of global revenue share. Major grain producers like Cargill, Inc., and BASF SE are integrated along the value chains to supply feed ingredients, serve as comprehensive suppliers to manufacturers, and lower sourcing and logistic costs. Charoen Pokphand, Alltech and Alltech are a few companies that have been integrated backwards to produce raw materials (feed grain) and end products, which helps to reduce raw material costs.
Consumer awareness about the diseases that livestock can contract, such as foot and mouth, is increasing. This has led to increased use of quality feed ingredients. The market growth is likely to be slowed by the oversupply of major grains such as wheat, barley, and maize from other commercial uses, such biofuel or food industries. However, the current market has seen a significant increase in partnerships and M&A between market participants. This is expected to boost the brand portfolio and gain access to regional markets. It also provides appropriate benefits which will help to stimulate product demand.
Cysteine, methionine and lysine are some of the most commonly used amino acids in animal feed additives. Lysine is an amino acid that forms the building blocks of protein in the animal's body. Animals are not capable to produce enough of this amino acid so it must be supplemented or ingested. Methionine, an essential amino acid that is also a powerful antioxidant, is crucial for detoxification and animal liver health. It helps animals prevent nail and skin problems. This amino acid is sometimes called grass saver because it is added to dog food to lower the pH. The amino acid will be in high demand by the cattle feed industry over the forecast time as a feed supplement.
Different participants manufacture and distribute feed additives in different ways. These industry players sell additives directly to consumers through their brands, or supply feed additives for integrated feed producers. The market is constantly developing thanks to recurring regulatory updates and increasing R&D expenditure. The market will open up for other products as a result of the U.S. and European restrictions on antibiotic use.
Application Insights
In 2019, the dairy segment made up more than 54% of global revenue. According to the United Nations Food & Agriculture Organization, 55% of global revenue was accounted for by dairy products. By 2050, 70% will be accounted for beef products. The growth of this segment can be attributed largely to the increasing demand for milk and dairy products in emerging economies. This has led to an increase in industrialization of cattle raising.
Due to rising demand and increased competition, the value of American cattle and calf production is increasing rapidly since 2010. Manufacturers are open to product innovation and offer customized products for beef and dairy applications. In September 2018, Kemin Industries and Micronutrients launched Intellibond Vital 5CR, which contains six essential trace minerals to support beef and dairy cattle performance and health.
Regional Insights
North America dominated the market, accounting for 34% of global revenue in 2019. The market will be driven by increasing meat consumption in the U.S. and strict regulations about meat quality over the next few years. The market will be boosted by the easy availability of raw materials such as maize, dextrose and other cereals in the region. Asia Pacific will experience the fastest CAGR between 2020 and 2027. China and India have seen a rapid increase in cattle inventories since the past decade, due to high populations and significant increases in meat consumption. This has led to a higher demand for cattle feed.
Spain and Germany were the two most important markets in Europe. Europe's market growth will be supported by the presence of 330 German feed mills. Spain's largest driver of cattle feed production is pork and cattle, which together account for more than 65% of total animal feed consumption. Market growth will be positively influenced by free trade agreements between the region and the European Union countries over the forecast period.
Market Share Insights & Key Companies
Global market is highly competitive and fragmented, with the largest companies holding the majority of market share. Industry participants will be affected by the introduction of customized products, application development, and expansion of distribution channels. A lot of industry players are involved in mergers and acquisitions to diversify their product portfolio, increase market share and enhance their regional presence, especially in unorganized markets like India, Brazil, China, and China. The following are some of the most prominent players in cattle feed:
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BASF SE
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DSM
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Cargill, Incorporated
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ADM Animal Nutrition
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Kemin Industries, Inc.
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Biomin Holding GmbH
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Nutreco
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Land O'Lakes, Inc.
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Farmer's Grain Company
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United Farmers Cooperative
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DE HEUS. ALL
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Godrej Agrovet Ltd.
Up Market Research published a new report titled “Cattle Feed Market research report which is segmented by Ingredients (Wheat, Additives, Corn), by Application (Dairy, Beef), By Players/Companies Kemin Industries Inc, Land O'Lakes Inc, United Farmers Cooperative, Godrej Agrovet Ltd, DSM, DE HEUS ALL, Biomin Holding GmbH, ADM Animal Nutrition, Nutreco, Farmer's Grain Company, Cargill Incorporated, BASF SE”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Cattle Feed Market Research Report |
By Ingredients | Wheat, Additives, Corn |
By Application | Dairy, Beef |
By Companies | Kemin Industries Inc, Land O'Lakes Inc, United Farmers Cooperative, Godrej Agrovet Ltd, DSM, DE HEUS ALL, Biomin Holding GmbH, ADM Animal Nutrition, Nutreco, Farmer's Grain Company, Cargill Incorporated, BASF SE |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 246 |
Number of Tables & Figures | 173 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Cattle Feed Market Report Segments:
The market is segmented by Ingredients (Wheat, Additives, Corn), by Application (Dairy, Beef).
Cattle Feed Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Cattle Feed Market
Overview of the regional outlook of the Cattle Feed Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Cattle Feed Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Cattle Feed Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Wheat
2. Additives
3. Corn
7. By Application:1. Dairy
2. Beef
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cattle Feed Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
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Reasons to Purchase the Cattle Feed Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cattle Feed Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cattle Feed Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cattle Feed Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cattle Feed Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cattle Feed Market Size & Forecast, 2018-2028
4.5.1 Cattle Feed Market Size and Y-o-Y Growth
4.5.2 Cattle Feed Market Absolute $ Opportunity
Chapter 5 Global Cattle Feed Market Analysis and Forecast by Ingredients
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Ingredients
5.1.2 Basis Point Share (BPS) Analysis by Ingredients
5.1.3 Absolute $ Opportunity Assessment by Ingredients
5.2 Cattle Feed Market Size Forecast by Ingredients
5.2.1 Wheat
5.2.2 Additives
5.2.3 Corn
5.3 Market Attractiveness Analysis by Ingredients
Chapter 6 Global Cattle Feed Market Analysis and Forecast by Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Application
6.1.2 Basis Point Share (BPS) Analysis by Application
6.1.3 Absolute $ Opportunity Assessment by Application
6.2 Cattle Feed Market Size Forecast by Application
6.2.1 Dairy
6.2.2 Beef
6.3 Market Attractiveness Analysis by Application
Chapter 7 Global Cattle Feed Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cattle Feed Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cattle Feed Analysis and Forecast
9.1 Introduction
9.2 North America Cattle Feed Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cattle Feed Market Size Forecast by Ingredients
9.6.1 Wheat
9.6.2 Additives
9.6.3 Corn
9.7 Basis Point Share (BPS) Analysis by Ingredients
9.8 Absolute $ Opportunity Assessment by Ingredients
9.9 Market Attractiveness Analysis by Ingredients
9.10 North America Cattle Feed Market Size Forecast by Application
9.10.1 Dairy
9.10.2 Beef
9.11 Basis Point Share (BPS) Analysis by Application
9.12 Absolute $ Opportunity Assessment by Application
9.13 Market Attractiveness Analysis by Application
Chapter 10 Europe Cattle Feed Analysis and Forecast
10.1 Introduction
10.2 Europe Cattle Feed Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cattle Feed Market Size Forecast by Ingredients
10.6.1 Wheat
10.6.2 Additives
10.6.3 Corn
10.7 Basis Point Share (BPS) Analysis by Ingredients
10.8 Absolute $ Opportunity Assessment by Ingredients
10.9 Market Attractiveness Analysis by Ingredients
10.10 Europe Cattle Feed Market Size Forecast by Application
10.10.1 Dairy
10.10.2 Beef
10.11 Basis Point Share (BPS) Analysis by Application
10.12 Absolute $ Opportunity Assessment by Application
10.13 Market Attractiveness Analysis by Application
Chapter 11 Asia Pacific Cattle Feed Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cattle Feed Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cattle Feed Market Size Forecast by Ingredients
11.6.1 Wheat
11.6.2 Additives
11.6.3 Corn
11.7 Basis Point Share (BPS) Analysis by Ingredients
11.8 Absolute $ Opportunity Assessment by Ingredients
11.9 Market Attractiveness Analysis by Ingredients
11.10 Asia Pacific Cattle Feed Market Size Forecast by Application
11.10.1 Dairy
11.10.2 Beef
11.11 Basis Point Share (BPS) Analysis by Application
11.12 Absolute $ Opportunity Assessment by Application
11.13 Market Attractiveness Analysis by Application
Chapter 12 Latin America Cattle Feed Analysis and Forecast
12.1 Introduction
12.2 Latin America Cattle Feed Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cattle Feed Market Size Forecast by Ingredients
12.6.1 Wheat
12.6.2 Additives
12.6.3 Corn
12.7 Basis Point Share (BPS) Analysis by Ingredients
12.8 Absolute $ Opportunity Assessment by Ingredients
12.9 Market Attractiveness Analysis by Ingredients
12.10 Latin America Cattle Feed Market Size Forecast by Application
12.10.1 Dairy
12.10.2 Beef
12.11 Basis Point Share (BPS) Analysis by Application
12.12 Absolute $ Opportunity Assessment by Application
12.13 Market Attractiveness Analysis by Application
Chapter 13 Middle East & Africa (MEA) Cattle Feed Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cattle Feed Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cattle Feed Market Size Forecast by Ingredients
13.6.1 Wheat
13.6.2 Additives
13.6.3 Corn
13.7 Basis Point Share (BPS) Analysis by Ingredients
13.8 Absolute $ Opportunity Assessment by Ingredients
13.9 Market Attractiveness Analysis by Ingredients
13.10 Middle East & Africa (MEA) Cattle Feed Market Size Forecast by Application
13.10.1 Dairy
13.10.2 Beef
13.11 Basis Point Share (BPS) Analysis by Application
13.12 Absolute $ Opportunity Assessment by Application
13.13 Market Attractiveness Analysis by Application
Chapter 14 Competition Landscape
14.1 Cattle Feed Market: Competitive Dashboard
14.2 Global Cattle Feed Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kemin Industries Inc
14.3.2 Land O'Lakes Inc
14.3.3 United Farmers Cooperative
14.3.4 Godrej Agrovet Ltd
14.3.5 DSM
14.3.6 DE HEUS ALL
14.3.7 Biomin Holding GmbH
14.3.8 ADM Animal Nutrition
14.3.9 Nutreco
14.3.10 Farmer's Grain Company
14.3.11 Cargill Incorporated
14.3.12 BASF SE