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Global Cattle Feed Market to Grow at a CAGR of 3.80% During 2021-2026, Driven by the Increasing Concerns Regarding Animal Welfare

According to a new report by EMR titled, ‘Global Cattle Feed Market Report and Forecast 2021-2026’, the market attained a value of about USD 63.95 billion in 2020. The industry is further expected to grow at a CAGR of 3.80% in the forecast period of 2021-2026 to reach a value of nearly USD 79.8 billion by 2026.

The Asia Pacific region is expected to hold a significant share in the overall growth of the market over the forecast period. This can be attributed to the flourishing livestock industry in the region. The rise in adoption of domestic animals, such as cows, sheep, and chickens, among others, in countries like India, is invigorating the demand for cattle feed in the region. In addition to this, the growing industrial sector, government subsidies in the agricultural sector, and the rising concerns regarding animal welfare in the region is further propelling the growth of the industry. Moreover, due to the increasing regional populations and the rising purchasing power of the people is further augmenting the demand for animal products such as meat and milk and its byproducts. This is another factor contributing to the growth of the cattle feed industry in the Asia Pacific region.

Saguna Feeds, a leading company in the cattle feed industry, recently launched their cattle feed variants, MilkyBest+ and NutriBest in India, in September 2021. The products are aimed at providing a consistent quality feed to animals, and address the issues revolving around challenges faced by farmers in respect of adulterated raw materials and high prices, among others. With the availability of the products via an online channel through the company’s website, the procurement becomes much easier owing to the commonality of internet services and affordability due to the transparency in prices. Such developments by leading market players are propelling the growth of the market. The market growth is further augmenting due to the expansion of major market players such as Archer Daniel Midland Company (NYSE: ADM) and BASF SE (ETR: BAS), among others.

Market Analysis by Cattle Type, Distribution Channel, and Region:

  • On the basis of cattle type, the market can be segmented into beef and dairy.
  • Based on distribution channel, the market can be divided into offline and online.
  • The major regional markets for cattle feed are North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the rise in demand for animal products such as dairy and meat products owing to the rising demand for protein-rich diets.
  • The gradual shift towards the organised livestock management under the influence of the flourishing industrial sector is invigorating the growth of the industry.
  • The growth in the market can be associated with the rising concerns regarding animal welfare due to the increasing incidences of animal diseases due to adulterated consumption. 
  • Sustainable methods of livestock management, data-driven insights on a nutritious animal diet, and government-aided measures are expected to boost the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global cattle feed industry for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) markets for cattle type, distribution channels, and major regions of cattle feed.
  • It assesses regional price trends for the (2016-2020) and (2021-2026) periods.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global cattle feed market are Archer Daniel Midland Company, BASF SE, Beijing Goke Agriculture Machinary Co. Ltd, Cargill, Inc., and Charoen Pokphand Foods PCL, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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