According to a research report published by Spherical Insights & Consulting, 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.

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Cattle feed comprises the types of animal feed that are suited for providing nutrition to cows and other ruminants. There are various kinds of molasses, mixtures, grains, leguminous plants, forage plants, oilseeds, protein cakes, and agro-industrial byproducts especially formulated for essential nutrients like carbohydrates, protein, lipids, vitamins, minerals, phosphorus, magnesium, omega-3, and fiber. The global economy is maximizing demand for quality beef and dairy products, encouraging rising populations to feel looser with disposable income. Innovations in feed formulations focusing on improving livestock health and enhancing their productivity have propelled the industry’s growth. With the increasing population and hence high disposable income among worldwide people, the cattle feed market is to a great extent boosting demand for high-beef and high-quality dairy products. Innovations in feed formulations aimed at improving animal health and productivity have driven even faster growth in this industry. Even growing a strong trend towards sustainable and organic feed solutions will dovetail well with the consumer preference for ethically sourced animal products and may open new avenues for the market development of cattle feed. However, these have also added growing concerns about the effect of intensive livestock husbandry on the environment, while fluctuating raw material prices affect production costs and are indeed a hindrance to the cow feed industry. Market restraint is also due to the regulatory limitations placed by various bodies on the safety and quality standards of feed.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC 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

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

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 forecast period. The growth is attributed to high-yield milk production; producers most favor nutritional quality, leading to a surge in investments in specialized feeds. Sustainability programming in dairy farming also contributes to the advanced specialization of cattle feed that improves health and productivity of the dairy sector’s solid market position.

The corn segment is expected to grow at the fastest CAGR during the forecast period.

Based on the ingredient, 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 forecast period. The segmental growth is due to the much-boasted high chemical composition of energy and minerals; corn is one of the prime additives for improving development and productivity in animals. It is also gaining popularity since it is cheap and can be used easily in preparing many types of animal feeds. Increased production traces the widening market for biofuels that indirectly augments availability and visibility of corn in the cattle feed market.

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

Based on the distribution channel, the global cattle feed market is categorized into offline and online. Among these, the offline segment is expected to hold the largest share of the global cattle feed market during the forecast period. The growth is driven due to established distribution networks through which farmers in remote areas can be reached. Feed for livestock producers is provided largely by traditional retail, local feed sellers, and cooperative agriculture. Further, face-to-face contacts and personalized services strengthen customer relationships and foster loyalty to offline channels as preferred by many farmers.

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Asia pacific is projected to hold the largest share of the global cattle feed market over the forecast period.

Asia Pacific is projected to hold the largest share of the global cattle feed market over the forecast period. There are several factors for the regional development, such as the rapidly increasing population and the demand for animal protein. With emerging middle-class incomes, there is a growing demand for meat and dairy products, thus forcing farmers to invest more in quality feed to enhance animal productivity. Unique habitat conditions for agriculture add to the prominence of the region as a major player in global cattle feed markets.

Europe is expected to grow at the fastest CAGR of the global cattle feed market during the forecast period. Consequently, demand for superior quality meat and dairy products is huge, and the region’s priorities on livestock health and production exert a great deal of investment in high-tech feed formulations. Consumer preference is now leaning more and more toward sustainable and organic products, which highly add to the future growth potential of the market in Europe.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. 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)

Key Market Development

• In January 2023, the new greenfield animal feed facility in Ivory Coast is being developed by De Heus Animal Nutrition at a first draft capacity of 120,000 metric tons of animal feed meant for livestock, specifically 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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