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Cattle Feed & Feed Additives Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Cattle Feed & Feed Additives
What Is the Projected Growth of the Cattle Feed & Feed Additives Market?
The market size of cattle feed & feed additives has seen stable growth in the past few years. It is projected to expand from $63.8 billion in 2024 to approximately $66.88 billion in 2025, showcasing a compound annual growth rate (CAGR) of 4.8%. The growth seen in the previous period is likely due to factors such as an increase in population, income levels, urbanization, and incidence of disease outbreaks.
Expectations are high for robust expansion in the cattle feed & feed additives market over the next several years, with projections indicating a growth to $85.34 billion by 2029 and a compound annual growth rate (CAGR) of 6.3%. Factors influencing this potential growth during the forecast period include sustainable practices, health and wellness trends, global trading protocols, and concerns over climate change. Further, key trends expected to impact the period include the advent of new feed additives, exploration of alternate protein sources, technological advancements in agriculture and an increasing consumer demand for transparency.
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What Are the Different Cattle Feed & Feed Additives Market Segments?
The cattle feed & feed additives market covered in this report is segmented -
1) By Іngrеdіеnt: Cоrn, Ѕоуbеаn Меаl, Whеаt, Oil Seeds And Grains, Other Ingredients
2) By Product: Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Acidifiers, Other Products
3) By Аррlісаtіоn: Вееf Саttlе, Dаіrу Саttlе, Саlvеѕ, Оthеr Applications
Subsegments:
1) By Antibiotics: Tetracyclines, Penicillins, Macrolides, Sulfonamides
2) By Vitamins: Vitamin A, Vitamin D, Vitamin E, B-complex Vitamins
3) By Antioxidants: Butylated Hydroxyanisole (BHA), Butylated Hydroxytoluene (BHT), Tocopherols
4) By Amino Acids: Lysine, Methionine, Threonine, Tryptophan
5) By Feed Enzymes: Phytase, Cellulase, Protease, Amylase
6) By Acidifiers: Organic Acids, Inorganic Acids
7) By Other Products: Probiotics, Prebiotics, Flavoring Agents
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What Are the Primary Drivers Shaping the Cattle Feed & Feed Additives Market?
The cattle feed and feed additives market is set to be catapulted by the expansion of the livestock and animal husbandry industry. Livestock typically raised on a farm include cattle, sheep, horses, goats, and other similar domestic animals. The use of cattle feed and feed additives in these farming environments enhances the nutritional content in the animals' food, thereby promoting swift growth. For example, Eurostat, a government agency based in Europe, revealed in May 2022 that the EU hosts a sizable population of livestock, with 142 million pigs, 76 million cattle, 60 million sheep, and 11 million goats. As such, the escalating numbers in livestock and animal husbandry prove to be a significant propellant of the cattle feed and feed additives market's growth.
Which Companies Are Leading in the Cattle Feed & Feed Additives Market?
Major companies operating in the cattle feed & feed additives market include Bluestar AdisseoCompany, The Archer Daniels Midland company, BASF SE, Biomin Pte Ltd., Cargill Inc., DuPont de Nemours Inc., Evonik Industries AG, Koninklijke DSM N. V., Solvay SA, Ajinomoto Co. Inc., Novozymes A/S, Chr. Hansen A/S, Nutreco N. V., Kemin Industries Inc., Alltech, Land O'Lakes Inc., Provimi, EWOS Group, Nestlé Purina PetCare Company, ForFarmers NV, Tyson Foods Inc., Wens Foodstuff Group, BRF S. A., Cactus Feeders Inc., The Kent Nutrition Group, Ridley Corporation Limited, JBS Holdings Inc., The Mosaic Company, Nutriad International NV, Phibro Animal Health Corporation, Perdue Farms, Sanderson Farms, Smithfield Foods Inc., Southern States Cooperative, The Scoular Company, Viterra Inc., Wilbur-Ellis Company Inc., Zoetis Inc.
What Are the Major Trends Shaping the Cattle Feed & Feed Additives Market?
Prominent businesses in the cattle feed and additives market are increasingly concentrating on unveiling new technologies, like feed additives designed for livestock, to improve animal nutrition, enhance their growth, and increase overall productivity. These livestock feed additives are substances added to the animals' food to boost nutritional quality, stimulate growth, and foster health. For instance, in June 2023, chemical company Evonik, based in Germany, introduced an enhanced version of their Biolys product, a crucial L-Lysine source for animal feed. The upgraded formulation consists of 62.4% L-Lysine, a boost from the previous 60%, and is tailored to suit the nutritional requirements of livestock such as swine and poultry more effectively. Created through the process of fermentation by converting dextrose from corn into L-lysine, the product also integrates additional nutrients and energy sources beneficial for animals. The revamped Biolys not only improves the efficiency of amino acid delivery but is also in congruence with Evonik's strategy of addressing the escalating global demand for high-quality animal protein while reducing resource consumption.
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What Are the Top Revenue-Generating Geographies in the Cattle Feed & Feed Additives Market?
Asia-Pacific was the largest region in the cattle feed and feed additive market in 2024. The regions covered in the cattle feed & feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cattle Feed & Feed Additives Market?
2. What is the CAGR expected in the Cattle Feed & Feed Additives Market?
3. What Are the Key Innovations Transforming the Cattle Feed & Feed Additives Industry?
4. Which Region Is Leading the Cattle Feed & Feed Additives Market?
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