By 2033, a consistent CAGR of 4.1% is anticipated for the industry. According to FMI, the revenue share of the cattle supplies market is expected to rise from USD 8,340 Million in 2023 to USD 12,464 Million by 2033.
Increased production efficiency and lower costs are being facilitated by technology developments in breeding and feed management. Key growth factors of cattle supplies include rising dairy and beef demand, as well as the popularity of organic and grass-fed products.
Additionally, cattle supply manufacturers can now manage herds more easily, and supplies can now supply goods to the market effectively due to technology and automation.
| Attributes | Details |
|---|---|
| Cattle Supplies Market CAGR (2023 to 2033) | 4.1% |
| Cattle Supplies Market Size (2023) | USD 8,340 Million |
| Cattle Supplies Market Size (2033) | USD 12,464 Million |
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When compared to the 3.7% CAGR recorded between 2016 and 2022, the cattle supplies business is predicted to expand at a 4.1% CAGR between 2023 and 2033.
| Market Statistics | Details |
|---|---|
| Market Share (2016) | USD 6,453.2 million |
| Market Share (2021) | USD 7,727.8 million |
| Market Share (2022) | USD 8,011.5 million |
Short-term Growth (2023 to 2026): due to ongoing geopolitical unrest globally and the possibility of supply chain disruptions, the market is expected to remain unstable in the short term.
Medium-term Growth (2027 to 2029): an essential area of agricultural industry research and development is the automation of the cattle supply market. Due to this, the overall agriculture sector leads the sales of cattle supplies.
Long-term Growth (2030 to 2033): the use of herd management technology as a long-term asset presents the excellent potential for the key players of the cattle supply sector.
In recent years, the need for nutritional supplements has increased. This has been partly fueled by growing consumer knowledge of the value of a healthy diet and the health advantages of cattle supplies. As a result, the market is likely to show a positive growth rate of 1.04x from 2022 to 2023.
The market for cattle supplies has grown as a result of government initiatives like the establishment of laws enforcing animal welfare standards. This has helped to ensure that farmers treat their animals humanely and healthily, increasing demand for cattle supplies.
Online marketplaces for livestock products have become more common in recent years, giving customers access to a wider range of goods. Consumer convenience has increased as a result, and cattle supplies small-scale producers now have more opportunities.
Increased demand for grass-fed beef, rising customer concern for animal welfare, and the use of digital technology to manage supply chains create higher sales of cattle supplies. The increasing competition among large-scale businesses to offer alternative meat products gives the adoption trends of cattle supplies a new structure.
Additionally, the demand for fresh and cutting-edge products from the business has expanded due to the rising consumption of cattle products in developing nations. Rising input prices, such as those for labor and feed, are encouraging manufacturers to pass along greater expenses to consumers.
The demand for beef and other animal products produced without the use of antibiotics is growing, which is altering the way of production.
With a market share of USD 2,346.8 million, the US government offers assistance in the form of price support and agricultural subsidies. These initiatives are made to aid farmers, ranchers, and other producers in maintaining their operations and market competitiveness.
In order to encourage innovation and enhance production, the government also provides grants and loans for research and development. With the offering of inspection and grading services for certain cattle supplies, the market increased at a CAGR of 29.3% in 2022.
The government also offers a number of insurance and risk management programs to assist ranchers in running their businesses.
Climate-related disasters like drought and flooding can affect cattle supply sales, affecting pricing. To give a picture of the cattle supplies market outlook, the USA Department of Agriculture (USDA) monitors a variety of market statistics, including cattle stocks, prices, and production costs.
| Attributes | Statistics |
|---|---|
| The United Kingdom Market Value 2022 | USD 760.2 million |
| The United Kingdom Market Value 2033 | USD 1,169.2 million |
| The United Kingdom Market Share (2023 to 2033) | 9.4% |
| The United Kingdom Market CAGR (2023 to 2033) | 4.4% |
The market for cattle supplies in the United Kingdom is a complicated one, with many distinct stakeholders. The main sources of cattle are cattle farmers, who are also normally in charge of caring for and managing livestock. Providing the essential feed for the cattle to survive, feed retailers and merchants are also significant actors in the sector.
Additionally, as they buy and sell the cattle, as well as process and package the beef products, processors and wholesalers are key players in the sector. The final users of the cattle and their products are shops and customers.
A stock management system is also available so that cattle suppliers and manufacturers can simply keep track of their purchases and sales. The portal works to give farmers access to resources like financing and other services. Governments in the United Kingdom are working to develop the livestock sector there, and the cattle supplier sector is a key component of that.
The market share for cattle supplies is 4% and worth USD 318.8 million in 2022. The Indian government has launched numerous initiatives to boost the market for cattle supplies. These initiatives encourage the market to reach USD 510.2 million, with a CAGR of 4.8% by 2033.
| Year | 2014 |
|---|---|
| Policy | The Rashtriya Gokul Mission |
| Details | The mission is to protect and advance local cattle breeds. |
| Year | 2015 |
|---|---|
| Policy | The Pradhan Mantri Krishi Sinchayee Yojana, |
| Details | The goal of the policy is to increase farmers' access to irrigation systems and water. |
| Year | 2017 |
|---|---|
| Policy | The e-Pashuhaat portal |
| Details | The mission is to make it easier to buy and sell cattle and other livestock. |
| Year | 2018 |
|---|---|
| Policy | The National Livestock Mission |
| Details | The mission is to encourage the livestock industry's sustainable growth. The goal is to boost livestock productivity, while also promoting livelihoods based on livestock and fortifying the institutional environment for livestock development. |
| Year | 2020 |
|---|---|
| Policy | The Pradhan Mantri Matsya Sampada Yojana |
| Details | The policy aims to advance and build the nation's fisheries infrastructure. |
China is expected to have a CAGR of 3.3% by 2033. Initial market share growth is 10.2%, with a value of USD 817.42 million in 2022.
With an estimated 1.1 billion cattle in the nation, China is the largest market for cattle supplies worldwide. There are an increasing number of cattle ranchers in China, most of whom operate modest, family-run businesses.
By 2033, it is anticipated that the China market for cattle supplies is expected to be worth USD1,129.5 million. China's capacity to produce beef, mutton, and pork annually is anticipated to rise from its current 150 million tonnes to 200 million tonnes, a huge increase.
China is also the biggest consumer of cattle and beef products, importing D3 billion worth of beef, mutton, and pork in 2018. Australia, New Zealand, and the US are the main exporters to China. The increased demand for premium beef and other meats is expected to drive a rapid expansion of the China market for cattle supplies in the upcoming years.
In 2022, Japan's demand for cattle supplies reached USD 351.0 million, an increase of 4.4% CAGR.
Japan imports the vast majority of its cattle supplies from nations including Australia, the United States, and New Zealand. The majority of the imports in 2017 were made up of frozen beef and live cattle, while imports of chilled beef and skins have also been rising recently.
The Japanese government has implemented a number of measures to promote local cattle supply production. These include increased support for research and development in the cattle business, as well as subsidies for cattle farmers.
In order to guarantee food safety and quality, the government has also established a system of traceability for cattle supplies. As the demand for beef rises, it is anticipated that the Japanese market for cattle supplies would expand during the forecast period. Additionally, the government's initiatives to promote domestic cattle supply production and guarantee food safety and quality continue to help the sector.
Due to the increased demand for milk, meat, and other products produced by small farms, the small farm segment is anticipated to have the highest share. Due to their emphasis on specialty products like organic milk, large farms are predicted to experience moderate expansion.
Furthermore, due to their dependency on large-scale production methods, which might not be as profitable, important firms are focusing on small-scale farms rather than large-scale farms.
Agro sales account for the majority of the market share and are estimated to remain high during the forecast period. The rising need for animal feed, vaccines, medications, and other associated products is what propels segment growth.
The growing interest in organic and natural products, as well as the increased demand for beef, milk, and other livestock products, all contribute to the segment's expansion.
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With every new idea, key players in the cattle supplies market are finding their way to a better investment opportunity
Start-ups are seeing new concepts enter the market. Their goal is much similar to the existing market players, but with better resources.
For instance,
The market is extremely competitive, and the top competitors of cattle supplies are constantly changing their strategies. To increase market share, businesses are concentrating on developing innovative products and expanding their distribution networks.
Recent Developments
To obtain a competitive edge, businesses are also investing in mergers and acquisitions.
For instance, the animal feed manufacturer Purina Mills LLC's assets were purchased by Land O'Lakes, Inc. in April 2021. The company's position in the market for cattle supplies has improved as a result of this acquisition.
From 2018 to 2022, cattle supply sales escalated at a CAGR of 3.7%.
The market is expected to continue to evolve at a 4.1% CAGR through 2033.
The market is expected to climb to USD 12,464 million by 2033.
The market is expected to be valued at USD 8,340 million in 2023.
The United Kingdom market is to thrive at a CAGR of 4.4% from 2023 to 2033.
For cattle supplies, the market share is 4% and is worth USD 318.8 million in India.
| Market Size in 2024 | USD 83.4 billion |
|---|---|
| Market Value in 2034 | USD 127.8 billion |
| Value-based CAGR (2024 to 2034) | 4.4% |
| Market Size (2023) | USD 2,980 million |
|---|---|
| Market Size (2033) | USD 4,240 million |
| Market CAGR (2023 to 2033) | 3.5% |
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