Cattle Feed and Feed Additives Market

Cattle Feed and Feed Additives Market Size

[170+ Pages Research Report] to surpass USD 107.2 billion by 2032 from USD 65.68 billion in 2021 at a CAGR of 4.6% throughout the forecast period 2022-32

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.

Market Highlights

The Cattle Feed & Feed Additives Market is expected to project a notable CAGR of 4.6% in 2032.

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.

Figure - Market Analysis of Cattle Feed & Feed Additives Market

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Cattle Feed & Feed Additives Market: Segments

The Corn segment is expected to grow with a higher CAGR during 2022-32

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.

The Beef segment is expected to grow with a higher CAGR during 2022-32

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.

Figure - Market Analysis of Global Cattle Feed & Feed Additives Market

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Market Dynamics

Growth Drivers

Increasing Global Demand for Cattle-Derived Products and Rising Demand for Healthy Dairy 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.

Growing Awareness of the Benefits of Nutritional Feed and Increasing Population Growth

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.

Restraint

Probability of Adverse Price Association with Final Farm Products

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.

Recent Developments

• The new Royal DSM Analytical Center of Excellence will open in Tulln, Lower Austria, in October 2021. The facilities will be used to carry out nutritional studies, which will give farmers the tools they need to significantly improve the sustainability, nutrition, and health of their cattle.
• In the center of the Swiss Food & Nutrition Valley in Rolle, Switzerland, ADM will launch its brand-new animal nutrition laboratory in November 2021. The new facility will help in the creation of scientifically sound feed additives to satisfy the requirements of global aquaculture, pet food, and livestock species.
• Agro-industrial company Charoen Pokphand Foods PCL, based in Thailand, created a special feed formula in June 2021 that contains microorganisms and enhances the digestive tracts of farm animals through animal food. This feed is suitable for various ages and species of animals.

Cattle Feed & Feed Additives Market: Key Players

• Cargill Incorporated

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

• 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
• Other Prominent Players

Cattle Feed & Feed Additives Market: Regions

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.

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Impact of Covid-19 on Cattle Feed & Feed Additives Market

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.

Cattle Feed & Feed Additives Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Cattle Feed & Feed Additives Market report also contains analysis on:

Cattle Feed & Feed Additives Market Segments:

• 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 
• Cattle Feed & Feed Additives Market Dynamics
• Cattle Feed & Feed Additives Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Cattle Feed & Feed Additives Market Report Scope and Segmentation

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