Press release
Key Cattle Feeds Market Trend for 2025-2034: Enhanced Lysine Product Launched To Improve Animal Nutrition And Sustainability
What Is the Future Outlook for the Cattle Feeds Market's Size and Growth Rate?The market size for cattle feeds has robustly expanded in the past few years. The market, which stands at $85.87 billion in 2024, is poised to escalate to $93.3 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.6%. The magnification in the historical period is credited to factors like the green revolution, the proliferation of intensive livestock farming, the augmenting globalization and trade liberalization, efficient disease management in livestock, and growing environmental concerns that drive sustainable practices.
Anticipating robust expansion over the next several years, the cattle feeds market is projected to rise to $131.81 billion by 2029, with a compound annual growth rate (CAGR) of 9.0%. Contributing factors to this anticipated growth during the forecast period entail precision livestock farming, the use of alternative protein sources, the practice of genomic selection for livestock breeding, adoption of climate-smart feeding strategies, evolving regulatory norms, and efforts towards antibiotic reduction. Key market trends within the forecast timeframe are expected to be digitalization of supply chain management, continuous research and development in animal nutrition, the application of biotechnology in feed formulation, increasing consumer demand for ethically produced and sustainable feeds, along with a preference for locally sourced feed ingredients.
What Is Stimulating Growth in the Cattle Feeds Market?
The expansion of the cattle feeds market is largely due to the rise in government subsidies for livestock. Across the globe, governments have boosted support for cattle herding in response to the growing demand for cattle products such as meat, milk, and eggs. These subsidies make it possible for farmers to procure better quality feed for their cattle, resulting in improved nutrition and wellbeing. For example, the National Livestock Mission (NLM) was launched by the Indian government in 2022 to foster growth in the animal husbandry sector. The initiative provides loans and subsidies, including a 50% subsidy, in addition to loan facilities for livestock farmers, Self Help Groups (SHGs), Farmer Producer Organizations (FPOs), and businesses. As a result, the increase in governmental support for cattle contributes to the surge in the cattle feed market.
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Which Key Market Leaders Are Driving Cattle Feeds Industry Growth?
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 Emerging Trends in the Cattle Feeds Industry?
Top corporations in the cattle feeds market are concentrating on developing improved lysine product sources to enhance the nutritional quality, enhance protein creation, fuel growth performance, and ensure healthier livestock. Companies offer lysine products that are highly bioavailable, intended for maximum absorption and improved nutritional benefits in dietary supplements and animal feeds. For instance, Evonik Industries AG, a German specialty chemicals firm, launched an updated Biolys product, a primary lysine source for animal feeds, in May 2023. The product, targeted particularly at livestock such as swine and poultry, now boasts of a 62.4% L-lysine concentration, an increase from the previous 60%. This adaptation enhances the product's efficacy in meeting an animal's nutritional needs and aligns with Evonik's sustainability objectives by noticeably lowering the carbon footprint associated with the product's production.
What Are the Main Segments in the Cattle Feeds Market?
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
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Which Geographic Area Leads the Cattle Feeds Market?
The countries covered in the cattle feeds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Is Covered In The Cattle Feeds Global Market Report?
- Market Size Analysis: Analyze the Cattle Feeds Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cattle Feeds Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cattle Feeds Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cattle Feeds Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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