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The dairy and beef cattle segments are driven by the rising demand for high-quality dairy and meat products worldwide
The dairy segment has the dominating market share due to the growing demand for dairy and milk products, especially in emerging economies. This is driving the industrialisation of cattle rearing and increasing the demand for cattle feed in the dairy segment. The United Nations Food & Agriculture Organisation (FAO) projected an increase of 55% in dairy products by 2050, further fuelling the growth of the dairy cattle feed segment. Manufacturers are focusing on developing innovative feed formulations and ingredients to improve the health, productivity, and performance of dairy cattle to meet the rising demand for high-quality dairy products.
The beef cattle segment is also a key application area, as per the cattle feed market report. The FAO projected an increase of 70% in beef products by 2050, indicating strong growth potential for the beef cattle feed segment. The value of cattle and calf production in the U.S. is rapidly increasing due to high demand and rising competition in the market, driving the demand for beef cattle feed. Manufacturers are offering customised cattle feed products for beef applications to support the health and performance of beef cattle. The growing meat consumption, coupled with stringent regulations regarding meat quality, is expected to further drive the beef cattle feed segment.
The offline segment is expected to continue dominating the market due to the preference for physical inspection and direct interaction with sales representatives
The offline segment accounts for the largest cattle feed market share. This segment includes traditional distribution channels such as feed stores, cooperatives, and agricultural supply stores. Farmers often prefer offline channels for purchasing cattle feed due to the ease of physical inspection and direct interaction with sales representatives. For instance, large-scale companies may establish direct partnerships with manufacturers to obtain bulk supplies, ensuring a steady supply of high-quality feed for their cattle.
As per cattle feed market analysis, the online segment is growing rapidly as farmers increasingly turn to e-commerce platforms for purchasing cattle feed. Online platforms offer the convenience of quick pricing comparisons, home delivery, and a wider selection of products, including speciality feeds that may not be readily available offline. Additionally, online sources provide user reviews and detailed product descriptions, helping farmers make informed decisions about their cattle feed.
Cattle Feed Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the cattle feed market reached an approximate value of USD 71.52 billion.
The market is expected to grow at a CAGR of 3.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 99.81 billion by 2032.
The major drivers of the market include the rising demand for animal produce such as dairy and meat products, expansion of dairy industries, and increasing adoption of scientific methods for cattle management.
Key trends aiding market expansion include the increasing prevalence of animal diseases, rising concerns regarding animal welfare, and the growing demand for nutritious cattle feed.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Dairy and beef are the different cattle types considered in the market report.
The major distribution channels of cattle feed are offline and online.
Key players in the market are Archer Daniel Midland Company, BASF SE, Beijing Goke Agriculture Machinary Co. Ltd, Cargill, Inc., and Charoen Pokphand Foods PCL, among others.
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