Global Cattle Feed & Feed Additives Market Highlights 2020-2029
The global cattle feed & feed additives market is estimated to attain a significant CAGR over the forecast period, i.e., 2021-2029, on the back of growing worldwide demand for cattle derived products, including beef and dairy products, among others, and rising awareness for cattle health. Increasing hazard of diseases such as anthrax and mad cow disease in the cattle and awareness regarding feed quality are also major drivers for the growth of the cattle feed & feed additive market. The growing demand for healthy, nutritious and disease free beef and dairy products is assessed to boost the market growth by the end of 2029. Moreover, cattle rearing used to be a highly unorganized occupation with minimal to no growth. However, the global shift from unorganized to organized livestock farming is anticipated to generate opportunities for the growth of the market.
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The cattle feed & feed additives market is segmented on the basis of ingredient type into oilseeds & grains, soybean meal, corn, wheat, and others, out of which the soybean meal segment is anticipated to hold a significant market share by the end of 2021. Soybean meal is rich in protein content which is essential for improving muscle gain as well as lactation abilities of the cattle. Based on application, the beef cattle segment holds a considerable market share throughout the forecast period, on the back of growing global demand for nutritious beef. In the year 2020, the global beef consumption crossed 60 metric kilotons.
However, the growing trend of veganism along with stringent regulatory policies on standards of feed additives is anticipated to hamper the market growth in the upcoming years.
Global Cattle Feed & feed Additives Market Regional Synopsis
Regionally, the global cattle feed & feed additives market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
The market in the Asia-Pacific region is estimated to witness highest growth by the end of 2029, owing to the large cattle population in the developing economies such as India and China. As per the data of the Department of Animal Husbandry & Dairying, shared by the Press Information Bureau of India, the total population of cattle in the country reached 192.49 million in the year 2019. Moreover, high dependence on livestock farming for livelihood in the region is estimated to promote the market growth.
The market in the North America is also estimated to hold a significant share by the end of 2029, on account of high consumption of beef in the region, which raises the need to improve livestock yield and supply better quality products. As a result, this is foreseen to promote the use of good quality feed and feed additives which, in turn, will boost the market growth. Furthermore, the market growth in the region is projected to be driven by the increasing demand for the production of beef. According to the statistics by the U.S. Department of Agriculture (USDA), the total beef & veal production increased from 11,943 (‘000 metric tons) in 2017 to 12,384 (‘000 metric tons) in 2019.
The market in Latin America, especially in nations, such as, Brazil and Argentina among others, is anticipated to experience modest market growth over the forecast period on the back of increasing livestock farming and beef consumption in the region. Brazil is estimated to be one of the biggest beef consuming nations, globally, along with China, and USA. In the other statistics by USDA, the total domestic consumption of beef in Brazil accounted to 7,929 (‘000 metric tons) in 2019.
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The global cattle feed & feed additives market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.
Market Segmentation
Our in-depth analysis of the global cattle feed & feed additives market includes the following segments:
By Ingredient Type
- Oilseeds & grains
- Soybean meal
- Corn
- Wheat
- Others
By Additive Type
- Vitamins
- Antibiotics
- Feed Enzymes
- Amino Acid
- Others
By Application
- Beef Cattle
- Dairy Cattle
- Others
Growth Drivers
- Increasing Consumption and Demand for Highly Nutritious Beef and Dairy Products
- Rising Awareness Regarding Diseases in Cattle
- Shift from Unorganized to Organized Livestock Farming
Challenges
- Growing Trend of Opting Vegan Food
- Stringent Regulatory Policies for the Standard of the Feed Additives
Top Featured Companies Dominating the Market
- Cargill Incorporated
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Archer Daniels Midland Company
- Adisseo Group
- Nutreco N.V.
- Phibro Animal Health Corporation
- Evonik Industries AG
- ADDCON GmbH
- Koninklijke DSM N.V.
- Kemin Industries, Inc.
- Land O'Lakes, Inc.
