By 2033, a steady CAGR of 3.5% is anticipated for the industry. According to FMI, the revenue share of the cattle feeder market is expected to rise from USD 2,980 million in 2023 to USD 4,204 million by 2033.
The cattle feeding and backgrounding businesses have an impact on the demand for cattle feeders, and those industries' economic conditions have an impact as well. The market for feed acidifiers, feed enzymes, feed antibiotics, and feed microbial is growing along with the cattle feeder business.
Moreover, the demand for these developments is correlated to the rising meat protein intake and the elevated value placed on the quality of the ingredients used in animal feed. The adoption of cattle feeders benefited from the industrialization of cattle products, including meat and dairy products, as well as the rising population.
The revenue generation from the beef sector, technological developments, and government programs to enhance livestock farming are the key growth factors of the cattle feeder market. The sales of cattle feeders are driven by increased demand for meat and animal-based goods, simple accessibility, and growing awareness about animal health & welfare.
In 2017, the United States had 93.7 million cattle, according to the Food and Agriculture Organization (FAO) of the United Nations. It is projected that the rising cattle population is likely to increase the demand for cattle feeders.
| Attributes | Details |
|---|---|
| Cattle Feeder Market CAGR (2023 to 2033) | 3.5% |
| Cattle Feeder Market Size (2023) | USD 2,980 million |
| Cattle Feeder Market Size (2033) | USD 4,240 million |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
When compared to the 3.1% CAGR recorded between 2016 and 2022, the cattle feeder business is predicted to expand at a 3.5% CAGR between 2023 and 2033. The average growth of the market is expected to be approx 46% between 2022 and 2033.
| Market Statistics | Details |
|---|---|
| Market Share (2016) | USD 2,392.6 million |
| Market Share (2021) | USD 2,791.7 million |
| Market Share (2022) | USD 2,879.2 million |
Livestock production has become more industrialized as a result of the rising population and the need to meet the dietary and gustatory preferences of the populace in emerging nations. Cattle ranching has always been a backyard occupation in poor nations.
Short-term Growth (2023 to 2026): numerous factors, like the weather, seasonal production patterns, and price expectations, have an impact on marketing in the short term.
Medium-term Growth (2027 to 2029): economic factors assist the profits in a perfectly competitive industry in the coming years. It is expected to fluctuate until there are no net profits or losses in the sector.
Long-term Growth (2030 to 2033): long-term changes in the breeding herd and the calf crop are the main causes of the increased supply of cattle feeders.
Principal Consultant
The manual cattle feeder market segment is anticipated to expand quickly during the projected period of time. But among cow breeders, the acceptance of automatic cattle feeders is growing.
The product reduces labor and feeding time. Additionally, it uses just one hay bale, reducing feed both in terms of quantity and expense.
In addition to improving digestion and metabolism, automatic cattle feeders also save costs and require less work and manpower. Cattle breeders are constantly investing in the creation of automatic cattle grazing equipment that is affordable, highly functional, and long-lasting.
| Countries | Market Value (2022) |
|---|---|
| USA | USD 770.7 million |
| UK | USD 255.6 million |
| China | USD 258.52 million |
| Australia | USD 85.9 million |
| Germany | USD 531.2 million |
| Japan | USD 112.7 million |
| India | USD 108.7 million |
The US is expected to generate the greatest revenue due to rising beef product demand and increased implementation of cutting-edge automated equipment. In 2022, it holds the largest cattle feeder market share at 26.8%.
In the North American cattle feeder sector, there are many different operators who must deal with variable input and output costs. While most prices, such as feed and loan rates, are set by the key players, new market players of cattle feeders still have amazing opportunities.
On the international beef market, the United States accounts for a sizable portion of imported beef. The United States government is offering incentives for the import of cattle feeder equipment for various uses. This includes cattle ranching and cattle grazing, due to the lack of such equipment in the nation.
Statistical Look at the Market for Cattle Feeders
| Attributes | Statistics |
|---|---|
| UK Market Value 2022 | USD 255.6 million |
| UK Market Value 2033 | USD 369.5 million |
| UK Market Share (2023 to 2033) | 8.9% |
| UK Market CAGR (2023 to 2033) | 3.8% |
New items, better stocking practices, advancements in modeling, and other decision-support technologies, encourage the market share of cattle feeders. There is undoubtedly a greater understanding of systems that can handle more factors than previously realized and enable simpler judgments to enable better economic outcomes.
Cattle feeder investors are at ease with technology, but are wary of expenses and would need a more favorable economic outcome to return to the market. On the market for cattle feeder equipment, the European Union (EU) is predicted to experience moderate growth. The EU maintains a major proportion of the global soil pH tester market.
Strict environmental rules in the European Union are anticipated to limit the expansion of the cattle feeder sector. Also, it has an impact on the demand for agricultural and livestock equipment.
| Country | China |
|---|---|
| Market Share (2022) | 9% |
| CAGR (2023 to 2033) | 2.8% |
| Market Value (2033) | USD 340.9 million |
| Country | India |
|---|---|
| Market Share (2022) | 3.8% |
| CAGR (2023 to 2033) | 4.1% |
| Market Value (2033) | USD 162.6 million |
Due to accelerating economic expansion and urbanization, China continues to be the world's leading producer of feed and user of cattle feeders. The key factors driving the market are the growing concentration of domestic cattle feeders and government incentives for mechanization due to the expanding population.
The commercial cattle feeder industry in China is vital to the nation's development of the livestock industry and growing export markets for other nations. Due to the extensive impact of African Swine Fever, the Chinese feed business faced a brief blip in 2019. Nevertheless, over the anticipated term, the production of feed is anticipated to resume.
2017 saw the dedication of the feed mill owned by the National Dairy Development Board (NDDB), a national body in India, to Cargill Feed and Food India Pvt. Ltd.
In order to significantly contribute to the agricultural sector, NDDB created an initiative for small-scale dairy producers called the Dairy Entrepreneurship Development Scheme (DEDS). The business has also started a project in Gujarat, India to inform dairy farmers about cutting-edge, cutting-edge dairy farm management techniques.
The market in Japan is growing significantly, with a share of 3.9% and a worth of USD 112.7 million in 2022. It is anticipated that the industry would develop in the next few years as a result of the increased import of dairy and livestock goods.
Organic feed supplements are likely to grow quickly. Products like blood meal, feather meal, fish meal, flesh & bone meal, and glandular meal are among those found in the organic feed supplement market.
The feed additive is digested by the livestock as a source of protein and fat after being broken down in the stomach. These supplements, which are mostly used in livestock feed, provide quick and effective nutritional absorption in animals. As a result, cattle feeder manufacturers are focusing on feed additives for greater growth.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
New product development and feed system innovations are important market drivers. Cattle feeder businesses are investing in Research and Development to create novel technologies that increase productivity while lowering costs.
System integration and automation continue to be crucial components for lowering costs and raising output for cattle feeders. The growth of feeders may be hampered by less expensive alternatives due to the market issue.
It is expected that these less expensive options cut into the revenues of key companies of cattle feeders. Additionally, less expensive options like plastic feeders are more likely to break and harm cows' digestive systems.
Cattle feeder startups are entering the market with new ideas and innovations. For instance, blockchain applications serve as a launchpad for a new player in the livestock feeder industry.
The business wants to create a transparent and effective method for tracking and regulating the livestock feeder market using blockchain technology. The US-based business has received USD 1.5 million in startup capital from backers such as Boost VC, Compound VC, and GV.
The business intends to use blockchain to build a decentralized market where feedlots may use smart contracts to acquire and sell cattle feeders. The platform also enables feedlots to trace the cattle's lineage and the conditions of their upbringing. In the first quarter of 2019, the company intends to begin a pilot program in the United States.
Recent Developments
The cattle feeder market is estimated to be worth USD 2,980 million in 2023.
The cattle feeder market is expected to have a CAGR of 3.5% by 2033.
The cattle feeder market expanded at a share of USD 2,879.2 million in 2022.
North America accounted for a 26.8% share of the cattle feeder market in 2022.
The UK accounts for 3.8% CAGR in the cattle feeder market by 2033.
1. Executive Summary | Cattle Feeder Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Types 5.1. Manual Feeder 5.2. Autonomous Feeder 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Animal Type 6.1. Mature Ruminants 6.2. Young Ruminants 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. Middle East & Africa (MEA) 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Bison Industries Inc. 15.2. ILgun 15.3. HE SILOS 15.4. Farmco 15.5. STALLION 15.6. SIEPLO 15.7. Ahrens 15.8. Qingdao Wisdom Husbandry Technology Co., Ltd. 15.9. Qingdao Kemiwo Industrial Technology Co., Ltd. 15.10. Foshan Bo Jun Precision Sheet Metal Market Co. Ltd 16. Assumptions & Acronyms Used 17. Research Methodology
Explore Process Automation Insights
View Reports
Cattle Feeder Market
