Cattle Feed Market Growth Drivers 2022, Industry Share Size, Global Demand, Opportunities, Key Players Strategies

According to Precision Business Insights (PBI) latest report the global cattle feed market is valued at USD 71,963.4 million in 2021. Global cattle feed market segmented into following types: By Ingredient Type (Corn, Soybean meal, Wheat, Other oilseeds & grains, and other ingredients), By Application (Beef cattle, Dairy cattle, Calves, and Others), By Additive Type (Vitamins, Trace minerals, Amino acids, Feed antibiotics, Feed acidifiers, Feed enzymes, Antioxidants, and Others), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East Africa) Forecast to 2028. Key player's profiles in the cattle feed market report are BASF SE, DSM, Cargill, Incorporated, ADM Animal Nutrition, Kemin Industries, Inc, Biomin Holding GmbH, Nutreco, and Land O'Lakes, Inc. Due to increased demand for feed to enhance nutritional value and increase cattle efficiency, the worldwide cattle feed industry is predicted to rise significantly. Cattle protein consumption, on the other hand, is a nutritional requirement for consumers, particularly the millennial generation. Livestock products are contributed to around 40% of the total agricultural output in global sales and are experiencing faster growth as compared to any agricultural sub-sector. Assurance of feed quality, availability of adequate feed variations, development of skills and capability, modernization and renovation of plants, efficient inventory management, and transparency and integrity in procurement are areas of concern identified in these countries. These obstacles are expected to limit market expansion.

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Dairy Cattle Segment Dominates the Cattle Feed Market:
The dairy production in developing countries such as India and Brazil clearly indicate that the sector has a high potential for further growth. Unorganized local players can also grab the growth opportunities in these regions. This is expected to be beneficial for the growth of the cattle feed market. The value of cattle and calf production in the U.S. has been rapidly increasing since 2010 due to high demand and rising competition in the market. Manufacturers are inclined towards product innovation and are offering customized products for dairy and beef applications.

North America Leads Cattle Feed Market:
North America already consumes a substantial amount of dairy products and meat, whereas Asia-Pacific and Latin America are expected to develop rapidly. Cattle farming has become more industrialized as demand for dairy products and beef has soared. This corresponds to larger herd sizes, more complex feed utilization, and more scientific cattle management. The rise of the cattle feed market has been aided by this phenomenon. The Asia Pacific is the region with the fastest growth, thanks to rising demand from China and India. In the approaching years, the expanding dairy market in this region will likely enhance the cow feed and feed additives market.

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Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global cattle feed market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In December 2021, BASF introduces Natupulse® TS, an innovative feed enzyme to unlock valuable nutrients. The new mannanase Natupulse® TS improves nutrient digestion and makes feed more cost-effective and sustainable. Additional positive effect in combination with Natuphos® E and Natugrain® TS. In August 2021, Cargill, Continental Grain Company, and Sanderson Farms, Inc. announced they have reached a definitive agreement for a joint venture between Cargill and Continental Grain to acquire Sanderson Farms for $203 per share in cash, representing a total equity value for Sanderson Farms of $4.53 billion.

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Detailed Segmentation
Based on the Ingredient Type:
• Corn
• Soybean meal
• Wheat
• Other oilseeds & grains
• Other ingredients

Based on the Application, the market is segmented into the following:
• Beef cattle
• Dairy cattle
• Calves
• Others

Based on the Additive Type, the market is segmented into the following:
• Vitamins
• Trace minerals
• Amino acids
• Feed antibiotics
• Feed acidifiers
• Feed enzymes
• Antioxidants
• Others

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