2024 Cattle Feeds Market Report : Market Size, Growth Drivers, And Key Trends | Archer-Daniels-Midland Company, BASF SE, Cargill Incorporated, Kemin Industries Inc

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Cattle Feeds Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $90.89 billion In 2028 At A CAGR Of 6.7% :

The cattle feeds market size has grown strongly in recent years. It will grow from $65.44 billion in 2023 to $70.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to green revolution, expansion of intensive livestock farming, globalization and trade liberalization, disease management in livestock, environmental concerns and sustainable practices.

The cattle feeds market size is expected to see strongly grown in the next few years. It will grow to $90.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to precision livestock farming, alternative protein sources, genomic selection for livestock breeding, climate-smart feeding strategies, regulatory changes and antibiotic reduction . Major trends in the forecast period include digitalization in supply chain management, research and development in animal nutrition, biotechnology in feed formulation, consumer demand for ethical and sustainable feeds, localized sourcing of feed ingredients .

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Cattle Feeds Market Major Segments
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

Key Driver - Government Subsidies For Cattle Boost Growth In The Cattle Feeds Market

An increase in government subsidies for cattle is significantly contributing to the growth of the cattle feeds market. Governments all over the world have increased subsidies for cattle rustling because of the growing importance of cattle meat and products like milk, eggs. These government subsidies allow farmers to obtain better quality cattle feed for their animals and offer better nutrition and care. For instance, in 2022, the government of India launched the National Livestock Mission (NLM) to develop the animal husbandry sector. The scheme offers loans and subsidies, including up to 50% subsidy, a loan facility to livestock farmers, SHGs, FPOs, and companies. Therefore, an increase in government subsidies for cattle drives the cattle feeding market.

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Prominent Trend - Technological Advancements Driving Innovation In Cattle Feeds Market

Technological advancements are a key trend gaining popularity in the cattle feeds market. Companies are focusing on devising methods and platforms for enhancing feed quality and performance. For instance, in 2021, a US-based Cnossen Dairy partnered with a US-based farming technology company, Grov Technologies, to build a controlled environment feed centre to grow fresh feed throughout the year for cattle and livestock, using fewer resources and energy than conventional methods. The new centre would leverage machine learning growing protocols to consistently produce high-density nutrient feed (HDN). The new facility would offer cows with a highly nutritious, consistent feed year-round and also reduce the impact of droughts and climate change while also delivering more sustainably produced products to consumers.

Cattle Feeds Market Players
Major companies operating in the cattle feeds market report are 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, Chubby Mealworms LLC, Bagdad Roller Mills Inc.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the cattle feeds market in 2023. 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.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cattle Feeds Market Report Structure
3. Cattle Feeds Market Trends And Strategies
4. Cattle Feeds Market - Macro Economic Scenario
5. Cattle Feeds Market Size And Growth
…..
27. Cattle Feeds Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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