Global Cattle Feed Market Size To Exceed USD 119.4 Billion By 2033 | CAGR of 2.96%

Global Cattle Feed Market Size To Exceed USD 119.4 Billion By 2033

According to a research report published by Spherical Insights & Consulting, the Global Cattle Feed Market Size Expected to Grow from USD 89.2 Billion in 2023 to USD 119.4 Billion by 2033, at a CAGR of 2.96% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 115 Market data tables and figures & charts from the report on the "Global Cattle Feed Market Size, Share, and COVID-19 Impact Analysis, By Type (Dairy, Beef, Calf, and Others), By Ingredient (Corn, Soybean Meal, Wheat, Oilseeds, and Others), By Distribution Channel (Offline, Online), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/cattle-feed-market

Cattle feed is the food given to cows and other bovine animals to meet their nutritional needs. It can be made up of a range of molasses, mixers, grains, forages, oilseeds, protein cakes, and agro-industrial byproducts that have been processed to provide critical nutrients such as carbs, protein, lipids, vitamins, minerals, phosphorus, magnesium, omega-3, and fibres. Furthermore, the growing number of internet platforms for direct purchasing of agricultural goods has made cattle feed more accessible to remote or small-scale farmers, which has a beneficial impact on the market. Aside from that, the expanding influence of social media, which changes consumer tastes and disseminates knowledge about ethical farming and animal welfare, helps to drive market growth. However, the cow feed sector is hampered by volatile raw material prices, which affect manufacturing costs, as well as growing concerns about the environmental impact of intensive livestock husbandry practices.

The dairy segment is expected to hold the largest share of the global cattle feed market during the projected timeframe.               

Based on type, the global cattle feed market is categorized as dairy, beef, calf, and others. Among these, the dairy segment is expected to hold the largest share of the global cattle feed market during the projected timeframe. Driven by increased global dairy consumption and changing dietary habits. Producers prioritize nutritional quality in order to maximize milk output, which leads to increasing investment in specialized feed formulations.

The corn segment is expected to grow at the fastest CAGR during the projected timeframe.   

Based on the ingredients, the global cattle feed market is categorized as corn, soybean meal, wheat, oilseeds, and others. Among these, the corn segment is expected to grow at the fastest CAGR during the projected timeframe. Corn's high nutritional value, which includes energy and other essential nutrients, makes it a popular supplement for increasing animal development and productivity. Corn's growing popularity is also attributed to its inexpensive cost and versatility in various feed compositions.

The offline segment is expected to hold the largest share of the global cattle feed market during the projected timeframe.       

Based on the distribution channel, the global cattle feed market is categorized as offline, online. Among these, the offline segment is expected to hold the largest share of the global cattle feed market during the projected timeframe. It has built distribution networks that are accessible to farmers in remote areas. Traditional retail outlets, local feed suppliers, and agricultural cooperatives all play an essential role in cattle feed distribution to livestock producers.   

Aisa Pacific is projected to hold the largest share of the global cattle feed market over the projected timeframe.

Asia Pacific is projected to hold the largest share of the global cattle feed market over the projected timeframe. Driven by rapid population growth and increased demand for animal protein. Rising middle-class earnings are raising demand for meat and dairy products, prompting farmers to invest in high-quality feed to increase animal output.

Europe is expected to grow at the fastest CAGR growth of the global cattle feed market during the projected timeframe.  The demand for high-quality meat and dairy products is significant. The region's focus on cattle health and output encourages investment in complex feed formulas. Furthermore, tight restrictions governing feed safety and quality criteria promote the use of specialized cow feed.

Major vendors in the global cattle feed market are Archer Daniels Midland Company, Land O'Lakes Inc., De Heus, For Farmers Inc., DBN Group, Biomin, New Hope Lihue, Wen's Food Group, Godrej Agrovet Limited, Evonik Industries AG, Friona Industries, Others.  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2024, De Heus Animal Nutrition established a new greenfield animal feed facility in Ivory Coast with an initial capacity of 120,000 metric tons of feed for livestock, including cattle.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global cattle feed market based on the below-mentioned segments: 

Global Cattle Feed Market, By Type

• Dairy
• Beef
• Calf
• Others

Global Cattle Feed Market, By Ingredient

• Corn
• Soybean Meal
• Wheat
• Oilseeds
• Others

Global Cattle Feed Market, By Distribution Channel

• Offline
• Online

Global Cattle Feed Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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