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Cattle Feed & Feed Additives Market: By Additives (Vitamins, Minerals, Amino Acids, Acidifiers, Antibiotics and Antioxidants, Enzymes), By Ingredients (Corn, Soymeal, Wheat, Other Oilseeds and Grains), By End User (Dairy, Beef, Calf), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Cattle Feed is the animal food given to domestic animals, mainly livestock, during animal husbandry. The two basic types of animal feed include forage and fodder. Animal husbandry uses multiple feeding methods for cattle. Grass typically makes up the majority of an animal's diet when it is pastured. To boost the feed's energy density, hay is combined with soy, grains, and other components and fed to cattle raised in feedlots. The addition of extra nutrients or medications to feed is known as a feed additive. These additives are dietary supplements that are added to animal feed for better nutrition. The additions may have an impact on hygienic practices, appearance, digestibility, or intestinal health of the feed.
Cattle Feed & Feed Additives Market to surpass USD 107.2 billion by 2032 from USD 65.68 billion in 2021 at a CAGR of 4.6% in the coming years, i.e., 2022-32. The combination of cattle feed and feed additives not only meets the daily nutritional requirements of cattle and enhances performance, but also shields them from muscular diseases like azoturia and laminitis. Cattle are capable of breaking down dietary lipids, which provide a variety of nutritional advantages, including better vitamin absorption, omega-and omega-63 fatty acids, and more. The Cattle Feed & Feed Additives Market is driven by the rising demand for complete cattle nutrition.
Cattle Feed & Feed Additives Market is categorized on the basis of Ingredients into Corn, Soymeal, Wheat, and Other Oilseeds and Grains. Since corn is the only grain source used in finishing diets and backgrounding, the segment dominates the market. The factors that contribute to the segment and growth of the Cattle Feed & Feed Additives Market include the availability of distiller's dried grains with soluble DDGS, corn germ meal, corn gluten meal, or corn gluten feed.
Cattle Feed & Feed Additives Market is categorized on the basis of End User into Dairy, Beef, and Calf. In the Cattle Feed & Feed Additives Market, the beef segment is anticipated to grow at a faster rate. Until the cattle is 3 years old, male beef cattle are referred to as steers, while female beef cattle are referred to as heifers or beef heifers. The speedy growth is associated with the sector's quick development and the rise in demand for meat and meat products.
On the basis of expanding global demand for cow-derived products, including beef and dairy products, among others, and increased awareness for animal health, the global Cattle Feed & Feed Additives Market is predicted to achieve a considerable CAGR over the forecast period. The risk of diseases like mad cow and anthrax disease spreading to cattle, as well as consumer awareness of feed quality, are also significant growth drivers for the Cattle Feed & Feed Additive Market. It is predicted that the market will grow due to the rising demand for beef and dairy products that are nutrient-dense, healthy, and free of diseases.
The Cattle Feed & Feed Additives Market is growing quickly since milk producers are starting to switch from feed additives and conventional cow feed to more nutritionally balanced compound feed as a result of comprehending the concrete advantages of nutritional feed in terms of yield enhancement. The livestock business has also been pushed to adapt and grow to meet society's expectations by providing wholesome animal feed to livestock animals as a result of population increase and rising living standards. Owing to this, the Cattle Feed & Feed Additives Market is expected to rise.
Dairy, by-products from cattle, and meat are likely to be affected by diseases. Exporting these products from the condition-affected regions is prohibited for an extended length of time until they are fully under control and quarantined. The issues hindering the growth of the Cattle Feed & Feed Additives Market include the potential for an unfavorable price relationship with final agricultural products.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Cattle Feed & Feed Additives Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America held a larger share of the global Cattle Feed & Feed Additives Market due to the growing human population, rising per capita incomes, changing technologies, accessibility of novel practices like adding urea to roughage to increase digestibility in cattle, and a variety of tastes. This raises the need for cattle feed and feed additives, which ultimately affect the growth of the market.
Asia Pacific is also anticipated to grow at a higher CAGR throughout the projection period due to the rapid development of the dairy and beef industries in emerging economies like India, China, and Japan as well as the growing population.
The main purpose of feed additives is to increase production and feed quality. The demand for high-quality animal-based food items has increased as a result of people's growing health and food consciousness. Manufacturers in the animal feed additives market are focusing on introducing cutting-edge tactics to maintain their financial stability as the number of COVID-19 cases worldwide is declining. To maintain the economies during the epidemic, market participants are contributed to the establishment of their firms. Market participants are making investments in livestock farming to boost the output of goods derived from animals.
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REPORT ATTRIBUTE |
DETAILS |
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Market Size Value in 2021 |
USD 65.68 billion |
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Revenue Forecast in 2032 |
USD 107.2 billion |
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Growth Rate |
CAGR of 4.6% from 2022 to 2032 |
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Base Year for Estimation |
2021 |
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Quantitative Units |
Revenue in USD billion and CAGR from 2022 to 2032 |
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Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments Covered |
Additives, Ingredients, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key Companies Profiled |
Cargill Incorporated, Associated British Foods plc, Charoen Pokphand Foods PCL, BASF SE, Dow, DuPont, Evonik Industries AG, DSM, Nutreco, Chr. Hansen Holding A/S, ForFarmers NV, Alltech, Kent Nutrition Group, NOVUS INTERNATIONAL, De Heus Animal Nutrition, and Other Prominent Players. |
The Cattle Feed & Feed Additives Market size was estimated at USD 65.68 billion in 2021 and is expected to reach USD 107.2 billion in 2032.
Cattle Feed is the animal food given to domestic animals, mainly livestock, during animal husbandry. Feed additives are the addition of extra nutrients or medications to feed for their better nutrition.
The Corn and Beef segments accounted for the larger share of the Cattle Feed & Feed Additives Market.
Key players in the Cattle Feed & Feed Additives Market are Cargill Incorporated, Associated British Foods plc, Charoen Pokphand Foods PCL, BASF SE, Dow, DuPont, Evonik Industries AG, DSM, Nutreco, Chr. Hansen Holding A/S, ForFarmers NV, Alltech, Kent Nutrition Group, NOVUS INTERNATIONAL, De Heus Animal Nutrition, and Other Prominent Players.
The Cattle Feed & Feed Additives Market is being driven by the rising demand for complete cattle nutrition and the benefits of the combination of feed additives and cattle feed.
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