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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Cattle Feed Market Analysis by Region
North American market holds a significant share due to the large livestock industry and high demand for cattle feed
The North America has a prominent market for cattle feed due to increasing meat consumption, particularly in the United States. Additionally, the United States has strict regulations on meat quality, which ensures that cattle are fed high-quality feed to produce high-quality meat. This drives the demand for premium cattle feed. Furthermore, the region has an extensive and simple supply of raw materials such as maize and dextrose, which are used in cattle feed production.
Moreover, the region is home to several major players, including BASF SE and DSM, which are expanding their operations to meet growing demand. BASF SE, in 2022, announced the expansion of its cattle feed operations in the United States, increasing its enzyme feed production capacity to meet growing demand.
The Asia-Pacific region is another dominant region in the cattle feed market as demand for dairy products has been rising in APAC countries, due to the growing population and increasing purchasing power. This has led to a surge in the production of demand for cattle feed. For instance, Bangladesh's feed industry produced 6.6 million tonnes of livestock feed in 2022 and is expected to reach 10 million tonnes by 2030. Additionally, the cattle rearing industry in the Asia-Pacific region is becoming increasingly industrialised, with larger farms, which has led to a higher demand for specialised cattle feed to improve the health and productivity of the animals.
Cattle Feed Market Report Snapshots
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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Key Questions Answered in the Report
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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