Cattle Feed Market Sees Robust Growth: Key Insights and Opportunities Unveiled

According to a new report published by Allied Market Research titled, "Cattle Feed Market by Cattle Type and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021-2027," The cattle feed market was valued at $73.5 billion in 2019 and is projected to reach $78.3 billion by 2027, growing at a CAGR of 4.4 % from 2021 to 2027. Asia-Pacific dominated the cattle feed market analysis in 2019, accounting for nearly 42% of the total market share. The cattle feed market exhibits an incremental revenue opportunity of $4.7 billion from 2019 to 2027.

Global Leaders:

Archer Daniel Midland Company, BASF SE, Beijing Goke Agriculture Machinery Co., Ltd., Cargill, Inc., Charoen Pokphand Foods, J. R. Simplot Company, Kemin Industries, Land O' Lakes Inc., Nutreco NV, And Provita Eurotech Ltd.

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The cattle feed industry presents significant opportunities for market growth, despite currently being in a mature stage. The global demand for meat and meat products has been steadily rising, prompting increased production across various cattle breeds. Factors such as population growth and rising per capita income are driving this trend, as they contribute to an elevated demand for beef. Livestock operators are responding to this demand by focusing on enhancing the meat weight of cattle through tailored feeding regimens.

Consumer behavior in the meat and dairy segments is also evolving, with preferences shifting towards new types of dairy items. This changing landscape is expected to impact the sales of animal feed in the foreseeable future. To meet these evolving demands, numerous players are entering the cattle feed market with innovative products and strategies, leading to increased competition.

The growth of population, particularly in developing countries like China and India, has further propelled the demand for dairy and meat products. Higher per capita incomes in these regions have resulted in increased consumption of meat and dairy products, subsequently driving the demand for animal feed, including cattle feed. This trend is particularly pronounced in emerging economies, where the adoption of meat and dairy products is comparatively higher than in developed countries.

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The cattle feed market is segmented based on cattle type, distribution channel, and region.

1. Cattle Type Segment:
- Beef
- Dairy

The dairy segment accounted for the highest market share in 2019 and is expected to continue leading during the forecast period. It is estimated to grow at a CAGR of 4.6%, driven by the increasing demand for specific feed tailored for dairy cattle. The beef segment is also projected to grow steadily, with an estimated CAGR of 4.0%.

2. Distribution Channel Segment:
- Offline
- Online

Distribution channels are divided into offline and online sales channels.

3. Regional Segment:
North America (U.S., Canada, and Mexico)
Europe (Germany, France, UK, Italy, and rest of Europe)
Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific)
LAMEA (Brazil, Argentina, Africa, and rest of LAMEA)

Asia-Pacific leads the global market in terms of value, primarily due to the high population of cattle in countries like India and surrounding regions.

The forecasted growth of the dairy segment is attributed to the increasing demand for specialized feed for dairy cattle, reflecting the evolving needs of the dairy industry. Additionally, the dominance of Asia-Pacific in the global market underscores the region's significant role in the cattle feed industry, driven by the large cattle population in countries like India.

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Key Findings Of The Study

Here's a summary of the key insights from the provided information:

1. Beef Cattle Segment Growth: The beef cattle segment is expected to grow steadily at a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period.

2. Dominance of Asia-Pacific: Asia-Pacific is anticipated to dominate the cattle feed market share, with a projected CAGR of 5.0%. This region's dominance is attributed to factors such as the large cattle population, particularly in countries like India.

3. Offline Distribution Segment Contribution: The offline distribution segment is projected to maintain the highest market share during the forecast period, accounting for around 72% of the market share in 2027. It is expected to grow at a CAGR of 3.6%.

4. Rapid Growth of the Online Distribution Segment: The online distribution segment is forecasted to experience rapid growth, with a projected CAGR of 6.4% during the forecast period. This growth is attributed to the increasing adoption of online shopping platforms and the convenience they offer consumers.

5. Dairy Segment Growth: The dairy segment is estimated to grow at a CAGR of 4.6% during the forecast period. This growth is driven by the increasing demand for specialized feed tailored for dairy cattle, reflecting the evolving needs of the dairy industry.

Reasons to buy:

✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global cattle feed market.

✅ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.

✅ The key findings and recommendations highlight crucial progressive industry trends in the cattle feed market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.

✅ Develop/modify business expansion plans by using substantial growth in developed and emerging markets.

✅ Scrutinize in-depth global market trends and outlook, coupled with the factors driving the market as well as those restraining growth to a certain extent.

✅ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

We have professional corporate relations with various companies, and this helps us dig out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality data and help clients in every way possible to achieve success. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top officials from leading companies in the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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