Cattle Feed & Feed Additives Market Segmentation by Ingredient Type (Oilseeds & Grains, Soybean Meal, Corn, Wheat, and Others); by Additive Type (Vitamins, Antibiotics, Feed Enzymes, Amino Acids, and Others); and by Application (Beef Cattle, Dairy Cattle, and Others) – Global Market Analysis and Opportunity Outlook 2029
Buy Now Report ID: 29 | Published Date: Feb 14, 2023
Our in-depth analysis of the global cattle feed & feed additives market includes the following segments:
By Ingredient Type
By Additive Type
By Application
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:
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Anil Kumar, Ipsheeta Dash
Ans: Rising demand for meat and dairy products is the major factor driving the market growth.
Ans: Rising demand for meat and dairy products is the major factor driving the market growth.
Ans: Growing trend of vegan food, and rigorous policies regarding the quality standards of feed and additives are the major factors estimated to hamper the market growth.
Ans: Asia Pacific market is anticipated to provide highest business opportunities to the global cattle feed & feed additives market on the back of large cattle population in the region along with raise in adopting livestock farming as an occupation.
Ans: The major players in the market are Cargill Incorporated, Archer Daniels Midland Company, Adisseo Group, Nutreco N.V., Phibro Animal Health Corporation, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by ingredient type, additive type, application, and by region.
Ans: The beef cattle segment is anticipated to hold largest market share owing to globally increasing beef consumption especially in major economies such as USA and China.
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