Market Size of Cattle Feed Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 87.46 Billion |
| Market Size (2029) | USD 103.87 Billion |
| CAGR (2024 - 2029) | 3.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Cattle Feed Market Analysis
The Cattle Feed Market size is estimated at USD 87.46 billion in 2024, and is expected to reach USD 103.87 billion by 2029, growing at a CAGR of 3.5% during the forecast period (2024-2029).
- Globally, the beef cattle segment has witnessed growth during the forecast period due to factors such as a rise in the demand for high-quality beef meat and high consumption of beef meat in western countries such as the United States, the United Kingdom, and Asia. China is the biggest consumer and producer of beef meat and growth in the beef cattle population.
- In 2021, The United Nations Food & Agriculture Organization (FAO) projected a 1.7% year-on-year increase in the demand for cattle products by 2050, with the demand for dairy products projected to increase by 55% and beef by 70%. The increasing demand for milk and dairy products in developing countries will boost the global market during the forecast period.
- Europe and North America currently have a significant consumption share of dairy products and meat, while rapid growth has been projected in the Asian-Pacific and Latin American regions. Increased demand for dairy products and beef has led to increased industrialization of cattle rearing. This translates to an increase in herd sizes, increased use of compound feed, and better scientific management of cattle. This phenomenon has helped in the growth of the cattle feed market.
Cattle Feed Industry Segmentation
Cattle feed contains protein, energy, minerals, and vitamins required for the growth, maintenance, and milk production of animals. For the purpose of this report, only commercial cattle feed has been considered. The Cattle Feed Market is Segmented by Animal Type (Dairy Cattle, Beef Cattle, and Other Cattle), Ingredient (Cereals, Cakes and Mixes, Food Wastages, Feed Additives, and Other Ingredients), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts for cattle feed in terms of value (USD million) for all the above segments.
| Animal Type | |
| Dairy Cattle | |
| Beef Cattle | |
| Other Cattle Types |
| Ingredient | |
| Cereals | |
| Cakes and Mixes | |
| Food Wastages | |
| Feed Additives | |
| Other Ingredients |
| Geography | |||||||||
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Cattle Feed Market Size Summary
The cattle feed market is poised for steady growth, driven by increasing demand for beef and dairy products globally. The beef cattle segment, in particular, is experiencing a surge due to heightened consumption in Western countries and significant production and consumption in China. The rising demand for high-quality beef and dairy products, especially in developing regions, is propelling the industrialization of cattle rearing. This shift is characterized by larger herd sizes, the use of compound feed, and improved scientific management practices, which are collectively boosting the market. The trend towards industrialization is also evident in developing countries, where traditional backyard cattle rearing is evolving into more commercial operations, spurred by the need to meet nutritional and taste preferences of growing populations.
North America stands out as a significant player in the cattle feed market, with the United States leading in both production and export of animal feed. The region benefits from a free-trade agreement among the United States, Canada, and Mexico, which facilitates a robust feed production ecosystem. The presence of major feed manufacturers like Cargill, Land O'Lakes, and ADM Alliance Nutrition further strengthens North America's market position. Globally, the market remains highly fragmented, with numerous local and regional players competing alongside multinational giants. This fragmentation, coupled with the geographically dispersed consumer base in developing markets, offers substantial opportunities for local manufacturers to capture niche markets. Recent strategic expansions by key players, such as De Heus and Archer Daniels Midland, highlight ongoing efforts to strengthen their foothold in emerging markets.
Cattle Feed Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Animal Type
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2.1.1 Dairy Cattle
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2.1.2 Beef Cattle
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2.1.3 Other Cattle Types
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2.2 Ingredient
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2.2.1 Cereals
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2.2.2 Cakes and Mixes
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2.2.3 Food Wastages
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2.2.4 Feed Additives
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2.2.5 Other Ingredients
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Spain
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2.3.2.5 Russia
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2.3.2.6 Italy
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 Rest of the Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Africa
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2.3.5.1 South Africa
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2.3.5.2 Rest of Africa
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Cattle Feed Market Size FAQs
How big is the Cattle Feed Market?
The Cattle Feed Market size is expected to reach USD 87.46 billion in 2024 and grow at a CAGR of 3.5% to reach USD 103.87 billion by 2029.
What is the current Cattle Feed Market size?
In 2024, the Cattle Feed Market size is expected to reach USD 87.46 billion.
