The cattle feed market under FMI published an updated report stating the market's current valuation is USD 83.4 billion in 2024. Over the time span of ten years, the market is slated to rise to a valuation of USD 127.8 billion by 2034. The updated report suggests a CAGR of 4.4% from 2024 to 2034.
An increase in the need for nutrients to improve cattle performance and raise their nutritional value is expected to fuel market growth. The necessity to meet dietary and taste demands and the population expansion in developing nations have hastened industrialization.
The cattle feed market can expand due to government initiatives and policies that support animal husbandry and guarantee food security. Effective feed management practices, risk management strategies, and diversified feed ingredient sourcing can help mitigate the impact of grain price fluctuations on cattle feed costs and support sustainable and profitable livestock production.
| Attributes | Key Insights |
|---|---|
| Cattle Feed Market Size in 2024 | USD 83.4 billion |
| Cattle Feed Market Value in 2034 | USD 127.8 billion |
| Value-based CAGR from 2024 to 2034 | 4.4% |
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The cattle feed market expanded at a 4.0% CAGR from 2019 to 2023. Some of the main factors driving the industry are the current disease outbreak in cattle and customers' growing knowledge of the safety and nutritional value of milk and meat. As the demand for meat and milk rises worldwide, people are becoming more concerned about the well-being and productivity of their cattle, which benefits the global market for cattle feed.
Changes in feed formulation have been prompted by advances in the science and technology of animal nutrition, which have improved feed conversion efficiency and overall herd health. Over time, regulatory measures that have affected market dynamics include modifications to food safety regulations and prohibitions on specific feed additives.
The market for cow feed is anticipated to develop in the future due to the impact of meat consumption on cattle feed demand. The demand for meat and dairy products will rise due to rising worldwide income levels and population, necessitating the development of more effective and nutrient-dense cattle feed. Projections indicate that the global cattle feed market is expected to experience a CAGR of 4.4% from 2024 to 2034.
| Historical CAGR from 2019 to 2023 | 4.06% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 4.4% |
Principal Consultant
The provided table highlights the top five countries regarding revenue, with Japan and India leading the list. A comprehensive analysis shows India presents a substantial opportunity due to the large and diverse livestock industry.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 2.8% |
| The United Kingdom | 3.5% |
| China | 2.1% |
| India | 8.2% |
| Japan | 4.3% |
The cattle feed market in the United States is expanding at a CAGR of 2.8% during the forecast period. The production of dairy and beef cattle is part of the thriving livestock business in the United States.
To support the growth, reproduction, and general health of livestock, there is a need for high-quality cow feed both domestically and internationally. The desire for meat and dairy products drives this demand.
Continuous improvements in production methods, precision nutrition, and feed formulation assist the United States agriculture industry. The market for cattle feed is expanding as a result of these technologies, which increase feed efficiency, maximize nutrient use, and improve animal performance.
The cattle feed market in Germany is expanding at a CAGR of 3.5% during the forecast period. One of the major markets for animal feed in Europe is Germany, where growing consumer health concerns and rising consumption of raw and processed meat are driving demand for the product.
With an increasing demand for beef, milk, and other dairy products, Germany has a well-established meat and dairy industry. Because of this, premium cattle feed is required to maintain the health and production of livestock.
The cattle feed market is expected to register a CAGR of 2.1% between 2024 and 2034 in China. Rapid urbanization and economic expansion in China have increased people's incomes and shifted their dietary choices to include more protein, increasing meat consumption.
Cattle feed is required to support the nation's meat and dairy production due to the rising demand for beef, pig, and dairy products. The number of cattle and other animals in China has increased as a result of the country's expanding population and growing demand for meat and dairy products.
As a result, there is now a greater need for feed to meet the nutritional requirements of animals at all stages of growth and production.
India’s cattle feed market is assessed to register a CAGR of 8.2% through 2034. The country's market is expected to soar due to growing food consumption, increased disposable income, and the expansion of the dairy industry.
The growing need for animal protein from the cattle and poultry industries has propelled the market for items made from animal feed. Cattle feed is in high demand because it supports milk production, enhances animal health, and improves the quality of dairy products. The expanding dairy sector will probably contribute significantly to market expansion in the upcoming years.
Japan is expected to surge at a CAGR of 4.3% by 2034. Technological developments in precision nutrition, processing methods, and feed formulation benefit Japan's modern agriculture industry.
Feed producers provide specialized feed mixes that are targeted for particular production objectives, such as improving feed efficiency or meat quality, and cater to the dietary needs of various classes of cattle.
Japan has strict regulations governing feed safety, quality, and labeling to ensure consumer confidence in the safety and integrity of livestock products. Compliance with these regulations is essential for feed manufacturers, driving demand for high-quality and compliant feed products that meet regulatory standards.
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The section below shows the leading segment. The concentrate foods segment is expected to account for a market share of 43.5% in 2024. Based on form, the pelleted cattle feed segment is expected to have a share of 33.9%.
| Category | Market Share |
|---|---|
| Concentrate Foods | 43.5% |
| Pelleted Cattle Feed | 33.9% |
The concentrate foods segment emerged as the dominant force in the cattle feed market, commanding 43.5% of the total market share in 2024. Concentration feed generally has a higher nutritional density than roughage or pasture.
It has concentrated protein, energy, vitamins, and minerals for cattle development, reproduction, and general health. Because of this, concentrate feed provides a practical means of providing cattle with the nourishment they need, particularly during times of high growth or output like lactation or fattening.
Cattle can effectively convert feed into body mass because to concentrate feed's higher calorie density and greater digestibility than grass. Producers of livestock benefit from increased productivity and profitability as a result of improved feed conversion rates and faster growth and development.
Based on form, the pelleted cattle feed segment is expected to account for a market share of 33.9% in 2024. When it comes to cattle feed, pelleted feed guarantees a more uniform absorption of nutrients than loose or unprocessed feed. The vital nutrients, vitamins, and minerals that are balanced in each pellet give the animals a comprehensive and consistent diet.
This guarantees that cattle get all the nutrients they need for growth, reproduction, and general health while also assisting in the prevention of selective feeding.
When it comes to separation, sorting, and waste, pelleted feed is less likely to occur than loose or mixed feed. Because pellets are consistently sized and shaped, cattle are less likely to engage in selective feeding, which reduces feed loss and increases feed efficiency overall. Producers of livestock benefit from lower feed costs and increased profitability as a result.
The global cattle feed market is highly fragmented, with numerous local and regional players vying for market share in an industry dominated by multinational enterprises. The geographically distributed consumer base and fragmented raw material supply in developing economies provide local feed manufacturers with significant opportunities to retain a niche clientele.
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 83.4 billion |
| Projected Market Valuation in 2034 | USD 127.8 billion |
| Value-based CAGR 2024 to 2034 | 4.4% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Market Segments Covered | Product, Form, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | BASF SE; DSM; Cargill Inc.; ADM; Animal Nutrition; Kemin Industries, Inc.; Biomin Holding GmbH; Nutreco; Land O'Lakes Inc.; Farmer's Grain Company; United Farmers’ Cooperative; DE HEUS. ALL; Godrej Agrovet Ltd. |
As of 2024, the market for cattle feed is expected to be valued at USD 83.4 billion
By 2034, the market value of cattle feed is expected to reach USD 127.8 billion
From 2024 to 2034, the cattle feed market is expected to flourish at a CAGR of 4.4%.
The concentrate foods segment is expected to account for a market share of 43.5% in 2024.
India is likely the top-performing market, with a CAGR of 8.2%.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 5.1. Concentrate Foods 5.2. Roughages (Pasture, Hay, Silage, Straw & Hulls, Root Crops) 5.3. Feed Additive 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form 6.1. Powder 6.1.1. Granular 6.1.2. Liquid 6.1.3. Cattle Cubes 6.1.4. Pelleted Cattle Feed 6.2. Textured Cattle Feed 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. BASF SE 17.2. DSM 17.3. Cargill, Inc 17.4. ADM 17.5. Animal Nutrition 17.6. Kemin Industries, Inc 17.7. Biomin Holding GmbH 17.8. Nutreco 17.9. Land O'Lakes, Inc 17.10. Farmer's Grain Company 17.11. Godrej Agrovet Ltd. 18. Assumptions & Acronyms Used 19. Research Methodology
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Cattle Feed Market
