How Has the Cattle Feeds Market Evolved Historically and What is its Current Size?
The cattle feeds market has seen considerable growth due to a variety of factors.
• The market size for cattle feeds has shown robust growth in the past few years. The value of the market, which is estimated to reach $85.87 billion in 2024, is predicted to rise to $93.3 billion in 2025, marking an 8.6% compound annual growth rate (CAGR). Factors such as the green revolution, the spread of intensive livestock farming, globalization and trade liberalization, effective disease control in livestock, and eco-friendly practices and sustainability have been instrumental in driving growth during the historical period.
What Is The Projected Growth Of The Cattle Feeds Template Market?
The cattle feeds market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the cattle feeds market size is projected to experience robust growth. It is forecasted to reach $131.81 billion by 2029, expanding at a compound annual growth rate (CAGR) of 9.0%.
The expansion in the forecasted period can be associated with the rise of precision livestock farming, alternate protein sources, genetic selection for livestock breeding, climate-conscious feeding strategies, changes in regulations, and reduction of antibiotics. Major trends predicted for this period include the digitisation of supply chain management, advancements in animal nutrition research, the application of biotechnology in feed formulation, increased consumer preference for ethical and sustainable feeds, and the practice of sourcing feed ingredients locally.
What Are The Key Drivers Fueling Growth In The Cattle Feeds Market?
The boost in the cattle feeds market is largely attributed to the rise in government subsidies for cattle. The global increase in subsidies for cattle rustling is a result of the escalating significance of cattle meat and products such as milk and eggs. These subsidies from the government enable farmers to access high-quality cattle feed which in turn facilitates better animal nutrition and care. To exemplify, the Indian government initiated the National Livestock Mission (NLM) in 2022 intending to progress the animal husbandry sector. This initiative presents loans and subsidies, and includes provisions for up to a 50% subsidy, a loan facility for livestock farmers, SHGs, FPOs, and companies. Hence, the enhancement of government subsidies for cattle propels the cattle feeding market.
What Are The Principal Market Segments In The Global Cattle Feeds Industry?
The cattle feeds market covered in this report is segmented –
1) By Ingredients: Cereals, Cakes and Mixes, Food Wastages, Feed Additives
2) By Cattle Type: Beef Cattle, Dairy Cattle, Calves
3) By Distribution Channel: Offline, Online
Subsegments:
1) By Cereals: Corn, Barley, Wheat, Oats
2) By Cakes And Mixes: Soybean Cake, Sunflower Cake, Peanut Cake, Mixed Feed Rations
3) By Food Wastages: Fruit And Vegetable Waste, Grains And By-products, Bakery By-products
4) By Feed Additives: Vitamins And Minerals, Probiotics, Enzymes, Preservatives
Pre-Book The Cattle Feeds Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What New Trends Are Influencing The Cattle Feeds Market?
Major corporations in the cattle feeds industry are prioritizing the development of improved lysine-based products, with the aim of escalating the nutritional value of their animal feed, facilitating better protein synthesis, and augmenting growth output for the livestock. This, in turn, guarantees healthier animals and better feed efficiency. These advanced lysine source products are highly bioavailable, designed for the best possible absorption and nutritional benefits in dietary supplements and animal feed. In 2023, for example, Evonik Industries AG, a specialty chemicals company based in Germany, introduced an updated version of their Biolys product. Biolys is a crucial lysine source for animal feeds, aiming to benefit livestock such as pigs and poultry. The new Biolys formulation dramatically increased the concentration of L-lysine to 62.4% from the preceding 60%, making it more effective in meeting the nutritional needs of the animals. This improvement is also aligned with Evonik's sustainability objectives by substantially decreasing the carbon emissions involved in its production.
Who Are the Key Players In The Cattle Feeds Market?
Major companies operating in the cattle feeds market include:
• Archer-Daniels-Midland Company
• BASF SE
• Cargill Incorporated
• Kemin Industries Inc.
• Land O'Lakes Inc.
• Nutreco N.V.
• Godrej Agrovet Limited
• Farmer's Grain Company
• Biomin Holding GmbH
• United Farmers Cooperative
• De Heus Voeders B.V.
• Charoen Pokphand Group
• New Hope Group Co. Ltd.
• Kent Corporation
• Tyson Foods Inc.
• Alltech Inc.
• Purina Animal Nutrition LLC
• J.D. Heiskell & Co.
• Ridley Corporation Limited
• Hallway Feeds Inc.
• Westway Feed Products LLC
• Hi-Pro Feeds LP
• Bartlett Milling Company L.P.
• New-Life Mills Ltd.
• Mercer Milling Company Inc.
• Feed Energy Company
• The Mosaic Company
• Southern States Cooperative Inc.
• Diamond V Mills Inc.
• Hubbard Feeds Inc.
• Furst-McNess Company LLC
• Ranch-Way Feeds
• Lakeland Feed and Supply Inc.
• Gilman Co-Operative Creamery Association
• Bagdad Roller Mills Inc.
What Are The Regional Insights Into The Cattle Feeds Market?
Asia-Pacific was the largest region in the cattle feeds market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cattle feeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
