Global Cattle Feed Market Size, Share, Trends, Forecast: By Cattle Type: Beef, Dairy; By Distribution Channel: Offline, Online; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis, Price Analysis; Competitive Landscape; 2024-2032

Global Cattle Feed Market Size

The global cattle feed market attained a value of about USD 71.52 billion in 2023. The market is further expected to grow at a CAGR of 3.8% during the forecast period of 2024-2032 to reach nearly USD 99.81 billion by 2032.

Cattle Feed Market Outlook

• Australian lot feeders reported a surge in cattle numbers and export growth in Q4 2023, with a record high of 1,294,531 head on feed.

• Globally, the total compound feed production is estimated to be over 1 billion tonnes annually, where cattle feed accounts for around 20% or about 251.9 million tonnes.

• Texas is the leading U.S. state based on the number of cattle and calves, with approximately 13 million head as of 2021.

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Cattle Feed Market Growth

Cattle feed refers to the food given to domestic animals, especially livestock. The primary aim of feeding quality feed to cattle is to improve the animals’ health and thus, enable quality animal produce. The global market for cattle feed is being driven by the increasing demand for animal-based products, such as dairy and meat products. This can be attributed to the increasing world populations and the benefits associated with animal-based products. In addition, to meet the rising demand for animal-based products, the number of cattle stocks are rising, subsequently invigorating the demand for cattle feed. This is providing a favourable cattle feed market outlook.

Furthermore, the increase in herd sizes is propelling farmers to adopt quality cattle feed, which is high in nutrition, thereby promoting larger yields and hence aiding the overall growth of the market. As per industry reports, to ensure the quality of animal feed, producers of Tanzania have been urged to adhere to quality standards and present samples of feeds to the Tanzania Veterinary Laboratory Agency (TVLA) for quality checks.

Key Trends and Developments

Rising feedlot capacity, awareness regarding benefits of cattle feed, and adoption of data driven technologies to augment the quality of feed are factors boosting the cattle feed market expansion

June 2024

Farmers in India are adopting Azolla, a low-cost and nutritious aquatic fern, as a livestock feed due to a shortage of quality fodder. Azolla is rich in proteins and has been found to reduce feed costs and increase milk production.

June 2024

CH4 Global and CirPro Australia have successfully processed the first cattle fed with Methane Tamer, a seaweed-based feed additive that reduces methane emissions by 70% and CO2 emissions by 105 metric tonnes. The reduced-methane beef will initially be sold in South Australia.

June 2024

Tanzania has made significant strides in increasing its livestock feed production, a move aimed at enhancing the supply of meat and milk. The government has also implemented interventions, resulting in a revenue of 160 billion Tanzanian shillings, and urged producers to adhere to quality standards.

May 2024

The U.S. Food and Drug Administration (FDA) has approved Bovaer, a feed ingredient that reduces methane emissions by 30% in lactating dairy cattle without impacting milk quality or quantity. The ingredient is expected to be available in North America during the third quarter of 2024.

Rising awareness of benefits of organic cattle feed

The health benefits associated with organic cattle feed, such as improved performance, lower carbon footprint, production of better quality milk and meat, and protection from muscular disorders, are significant factors driving cattle feed market growth.

Shift towards Sustainable and Environmentally Friendly Feed Ingredients

This trend is driven by growing concerns about animal welfare and the environmental impact of traditional feed practices. The use of soybean meal and corn, which are high in protein and energy, is being replaced by rapeseed meal and sunflower meal. This shift not only reduces the carbon footprint but also provides a more balanced diet for cattle.

Increased focus on precision nutrition

The cattle feed market development is also influenced by the increased focus on precision nutrition, which involves using data-driven technology to optimise cattle diets based on their specific nutritional needs. This approach leads to improved health and productivity.

Expansion of dairy industries

The dairy industry's expansion and high demand for dairy and milk products also contribute to the market's growth due to the need for nutritious cattle feed to meet society's expectations and to meet the rising demand for meat protein intake.

Cattle Feed Market Trends

The increasing focus on animal welfare is a significant factor contributing to the market growth of cattle feed around the world. Due to the establishment of various nonprofit organisations, individual volunteers, and rising awareness regarding animal health from social media, the demand for unadulterated animal nutrition is augmenting the market growth of cattle feed. This focus can also be attributed to the increasing prevalence of animal diseases, which negatively impact animals as well as animal produce, thereby propelling livestock farmers to procure quality cattle feed.

In addition to the aforementioned factors, regulations centred around sustainability are expected to boost the market growth of cattle feed. Restrictions on nitrogen run-off are expected to stimulate lower protein diets, and precision diets evaluated by data-driven technology to boost the green economy, promote animal health, and increase animal yields are expected to drive the market growth of cattle feed over the forecast period.

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Cattle Feed Industry Segmentation

The EMR’s report titled “Cattle Feed Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Cattle Type

• Beef

• Dairy

Market Breakup by Distribution Channel

• Offline

• Online

Market Breakup by Region

• North America 

• Europe 

• Asia Pacific 

• Latin America 

• Middle East and Africa

Cattle Feed Market Share

The dairy and beef cattle segments are driven by the rising demand for high-quality dairy and meat products worldwide

The dairy segment has the dominating market share due to the growing demand for dairy and milk products, especially in emerging economies. This is driving the industrialisation of cattle rearing and increasing the demand for cattle feed in the dairy segment. The United Nations Food & Agriculture Organisation (FAO) projected an increase of 55% in dairy products by 2050, further fuelling the growth of the dairy cattle feed segment. Manufacturers are focusing on developing innovative feed formulations and ingredients to improve the health, productivity, and performance of dairy cattle to meet the rising demand for high-quality dairy products.

The beef cattle segment is also a key application area, as per the cattle feed market report. The FAO projected an increase of 70% in beef products by 2050, indicating strong growth potential for the beef cattle feed segment. The value of cattle and calf production in the U.S. is rapidly increasing due to high demand and rising competition in the market, driving the demand for beef cattle feed. Manufacturers are offering customised cattle feed products for beef applications to support the health and performance of beef cattle. The growing meat consumption, coupled with stringent regulations regarding meat quality, is expected to further drive the beef cattle feed segment.

The offline segment is expected to continue dominating the market due to the preference for physical inspection and direct interaction with sales representatives

The offline segment accounts for the largest cattle feed market share. This segment includes traditional distribution channels such as feed stores, cooperatives, and agricultural supply stores. Farmers often prefer offline channels for purchasing cattle feed due to the ease of physical inspection and direct interaction with sales representatives. For instance, large-scale companies may establish direct partnerships with manufacturers to obtain bulk supplies, ensuring a steady supply of high-quality feed for their cattle.

As per cattle feed market analysis, the online segment is growing rapidly as farmers increasingly turn to e-commerce platforms for purchasing cattle feed. Online platforms offer the convenience of quick pricing comparisons, home delivery, and a wider selection of products, including speciality feeds that may not be readily available offline. Additionally, online sources provide user reviews and detailed product descriptions, helping farmers make informed decisions about their cattle feed.

Leading Manufacturers in the Cattle Feed Market

Market players are focused on developing innovative feed formulations to improve cattle performance, health, and productivity to meet the growing demand for high-quality meat and dairy products.

BASF SE is a multinational chemical company and one of the largest chemical producers in the world. Founded in 1865, its headquarters are in Ludwigshafen, Germany. The company operates in various sectors, including agriculture, including crop protection and seeds.

Beijing Goke Agriculture Machinary Co. Ltd is a Chinese company that specialises in the design, manufacturing, and sales of agricultural machinery, including tractors and harvesters. Founded in 1993, its headquarters are in Beijing, China.

Cargill, Inc. is an American multinational corporation that operates in various sectors, including agriculture, including grain, oilseeds, and animal nutrition. Founded in 1865, its headquarters are in Minnesota, United States. The company plays a significant role in the global agricultural industry.

Charoen Pokphand Foods PCL is a Thai agro-industrial and food conglomerate that operates in the livestock and aquaculture sectors, including animal feed production, livestock breeding, and meat processing. Founded in 1978, its headquarters are in Bangkok, Thailand. It is also one of the world's largest producers of feed and shrimp.

Other key players in the global cattle feed market include Archer Daniel Midland Company, among others.

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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.

Key Highlights of the Report

Cattle Feed Market Report Snapshots

Cattle Feed Market Size

Cattle Feed Market Growth

Cattle Feed Market Trends

Cattle Feed Market Share

Cattle Feed Manufacturers

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.