Global Cattle Feeds Market Projected to Grow at 9% CAGR, Reaching $131.8 Billion by 2029

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What Is the Expected CAGR for the Cattle Feeds Market Through 2025?
The size of the cattle feeds market has significantly expanded over the past few years. Predictions indicate a growth from $85.87 billion in 2024 to a robust $93.3 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.6%. Factors promoting this growth during the historical period include the green revolution, the spread of intensive livestock farming, globalization paired with trade liberalization, disease control in livestock, as well as environmental concerns and sustainable practices.

What's the Projected Size of the Global Cattle Feeds Market by 2029?
In the upcoming years, the cattle feeds market is projected to undergo significant expansion. By 2029, its size is anticipated to reach $131.81 billion, with a compound annual growth rate (CAGR) of 9.0%. This growth during the forecast period can be ascribed to factors like precision in livestock farming, alternative sources of protein, genomic selection for livestock reproduction, climate-intelligent feeding strategies, regulatory shifts, and a reduction in antibiotics. The forecast period is also expected to usher in major trends like digitalization of supply chain management, research and development in the field of animal nutrition, the application of biotechnology in feed formulation, a growing consumer demand for ethical and sustainable feeds, and localized sourcing of feed ingredients.

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Top Growth Drivers in the Cattle Feeds Industry: What's Accelerating the Market?
The growth of the cattle feeds market is benefiting significantly from an increase in government subsidies for cattle. Authorities worldwide have escalated their support for cattle rustling, given the rising significance of cattle meat and bi-products, such as milk and eggs. These state grants make it easier for farmers to access superior quality cattle feeds, thereby ensuring improved care and nutrition for their livestock. In 2022, for instance, the National Livestock Mission (NLM) was launched by the Indian government with the aim of enhancing the animal husbandry sector. The plan encompasses loans and subsidies, such as up to a 50% subsidy and a loan service for livestock farmers, FPOs, SHGs, and corporations. Thus, the cattle feed market is propelled by the increase in government subsidies for cattle.

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What Trends Will Shape the Cattle Feeds Market Through 2029 and Beyond?
Leading corporations in the cattle feeds industry are concentrating on the development of superior lysine products, with the intention to augment the feed's nutritional value and stimulating protein synthesis and growth, thus ensuring a healthier and more efficient livestock feed. Here, advanced lysine products imply highly bioavailable lysine formations, designed for optimal assimilation and improved nutritional advantages in animal feed and nutritional supplements. For example, in May 2023, Evonik Industries AG, a specialty chemicals company based in Germany, introduced an updated version of Biolys, which is a chief source of lysine used in animal feeds specifically for livestock such as swine and poultry. The new version contains an increased concentration of L-lysine, now at 62.4%, a rise from the earlier 60%. This enhancement of L-lysine content further improves the product's efficiency in catering to the nutritional needs of animals and also fits perfectly with Evonik's objectives related to sustainability by considerably reducing the carbon emissions that result from its 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 Top Companies are Driving Growth in the Cattle Feeds Market?
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.

Which Regions Will Dominate the Cattle Feeds Market Through 2029?
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

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