Global Cattle Feed and Feed Additives Market Growth Drivers 2024, Forecast To 2033
16 Feb, 2024
The cattle feed & feed additives market has exhibited strong growth, progressing from $60.98 billion in 2023 to $64.36 billion in 2024, boasting a 5.5% CAGR. Historical growth factors include population growth, income levels, urbanization, and disease outbreaks. Projected to maintain momentum, the market is set to reach $80.96 billion in 2028, driven by sustainable practices, health and wellness trends, global trade policies, and climate change concerns. Key trends encompass innovations in feed additives, alternative protein sources, digitalization in agriculture, and consumer demand for transparency.
Global Cattle Feed and Feed Additives Market Key Driver
The growing livestock and animal husbandry industry is expected to propel the growth of the cattle feed and feed additives market. Livestock, including cattle, sheep, horses, and goats, play a crucial role in the agriculture sector. The use of cattle feed and feed additives aids in providing essential nutrients for the growth and health of livestock. The data from Eurostat indicates a substantial livestock population in Europe, emphasizing the demand for cattle feed and feed additives. The growth in livestock and animal husbandry activities is driving the cattle feed and feed additives market.
Get A Free Sample Of The Global Cattle Feed and Feed Additives Market ReportGlobal Cattle Feed and Feed Additives Market Segments
The cattle feed & feed additives market covered in this report is segmented –
1) By ?ngr?d??nt: C?rn, ???b??n ???l, Wh??t, Oil Seeds And Grains, Other Ingredients
2) By Product: Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Acidifiers, Other Products
3) By ???l???t??n: ???f ??ttl?, D??r? ??ttl?, ??lv??, ?th?r Applications
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the cattle feed and feed additive market in 2023. The regions covered in the cattle feed & feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Cattle Feed and Feed Additives Industry Players
Bluestar AdisseoCompany; The Archer Daniels Midland company; BASF SE; Biomin Pte Ltd.; Cargill Inc.; DuPont de Nemours Inc.; Evonik Industries AG; Koninklijke DSM N. V.; Solvay SA; Ajinomoto Co. Inc.; Novozymes A/S; Chr. Hansen A/S; Nutreco N. V.; Kemin Industries Inc.; Alltech; Land O’Lakes Inc.; Provimi; EWOS Group; Nestlé Purina PetCare Company; ForFarmers NV; Tyson Foods Inc.; Wens Foodstuff Group; BRF S. A.; Cactus Feeders Inc.; The Kent Nutrition Group; Ridley Corporation Limited; JBS Holdings Inc.; The Mosaic Company; Nutriad International NV; Phibro Animal Health Corporation; Perdue Farms; Sanderson Farms; Smithfield Foods Inc.; Southern States Cooperative; The Scoular Company; Viterra Inc.; Wilbur-Ellis Company Inc.; Zoetis Inc.
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Cattle Feed and Feed Additives Market Overview
Cattle feed additives refer to the products that are used to increase cattle nutrition and are added to cattle feed to provide complete nutrition to farm cattle. These are ground, pelleted, crumbled, or mixed feed used for feeding cattle. These feeds are balanced for various nutrients as per cattle needs. Feed additives are compounds fed to cattle for reasons other than supplying nutrients, such as promoting good cattle health and improving their growth.
Cattle Feed and Feed Additives Global Market Report 2023 provides data on the global cattle feed and feed additives market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cattle feed and feed additives market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.