Cattle Feed Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Fodder, Forage, Compound Feed), By Raw Materials (Soya, Corn, Rendered Meal), And By Geography - Forecasts From 2022 To 2027

The cattle feed market is expected to grow at a compound annual growth rate of 2.78% over the forecast period to reach a market size of US$86.558 billion in 2027 from US$71.445 billion in 2020. 

To boost the calorie density of the diet, cow feed is supplemented with grain, soy, and other components. Cattle feed aids in the management of end-product nutrition levels and give cattle a stronger immune system. Increased demand for meat and dairy products is predicted to raise worldwide cow feed consumption. Milk and milk products, as well as meat and meat products, are examples of cattle products. The growing population is expected to boost meat, dairy, and other cow products, which will have a direct impact on cattle feed consumption in the coming years. Furthermore, rising health concerns for better and healthier cow products are likely to boost market expansion throughout the forecast period.

The industrialization of meat and dairy products, together with the expanding population, has had a favorable impact on the worldwide market.

Consumer knowledge of the safety of meat and milk products, as well as the nutritional composition of the food, emerged as the primary driver of market expansion. The United Nations Food and Agriculture Organization (FAO) forecasted a 55% rise in dairy products and a 70% increase in beef products by 2050. Increasing consumer knowledge of livestock illness, notably foot and mouth disease, has heightened worries about meat quality and safety, prompting the adoption of high-quality feed components. Moreover, fear of food-borne and zoonotic illnesses, such as bird flu, is projected to drive demand for feed throughout the forecast period. The European Food Safety Authority (EFSA), for example, estimates that 320,000 instances of food-borne and zoonotic illnesses occur in EU nations each year. Rising demand for feed to boost nutritional content and cattle efficiency is expected to drive market expansion. Increasing consumer knowledge of livestock illness, notably foot and mouth disease, has heightened worries about meat quality and safety, prompting the adoption of high-quality feed components. Overlapping demand for main grains such as barley, maize, and wheat from other commercial applications such as the biofuel and food sectors is likely to limit market expansion in the predicted years. However, there has been a considerable increase in partnerships and M&A among market participants, which is expected to generate product demand by strengthening the brand portfolio, obtaining access to regional markets, and delivering relevant advantages.

Several companies have launched innovative products that have expanded the market for the coming years.

For instance, AB Vista's NeoSpectra platform makes the Si-Ware NeoSpectra technology available to the animal feed sector. AB Vista partnered with NeoSpectra to offer INGOT calibrations through NeoSpectra's LabStore, in conjunction with NeoSpectra Scanners and Cloud Services. NeoSpectra by Si-Ware and AB Vista aims to use ingredients economically and responsibly to generate the consistent and nutritious animal feed. Additionally, FutureFeed, a seaweed-based product, has the potential to directly help the long-term mitigation of climate change by providing cattle with an extra source of nutrients while also combating hunger. Similarly, in August 2020, CSIRO launched the FutureFeed Company through a joint venture of Harvest Road, AGP Sustainable Real Assets, Sparklabs Cultiv8 Joint Venture, Woolworths Group, and CSIRO. FutureFeed Pty Ltd created and produced feed for livestock farmers in Australia and throughout the world through a value chain that blends seaweed cultivation and production with feed processing and manufacturing. In addition to licensing Australian seaweed producers, the corporation will use this license to ensure a continued supply of high-quality seaweed in other nations.

Key Market Developments

• In September 2021, Suguna Feeds launched MilkyBest+ and NutriBest cow feed varieties at their Udumalpet feed factory. Suguna is one of the world's top ten chicken companies. It is present in 18 Indian states and provides a variety of poultry goods and services. They want to solve farmer difficulties such as a lack of consistent quality pellet feed, tainted raw materials, and so on.
• In June 2019, the farmer-centric organization IFFCO Kisan introduced a new product category, 'Cattle Feed,' in Punjab, and the business made plans to offer the cattle feed in other states such as Haryana and Himachal Pradesh by the end of 2019. Along with the product, the company offers free accidental insurance of Rs 2 lakh to clients.
• In August 2020, The FutureFeed Company was formed by CSIRO in collaboration with Harvest Road, AGP Sustainable Real Assets and Sparklabs Cultiv8 Joint Venture, Woolworths Group, and CSIRO. FutureFeed, a seaweed-based product, has the potential to directly help the long-term mitigation of climate change by providing cattle with an extra source of nutrients while also combating hunger. 

Cattle Feed Market Scope:

Segmentation 

• By Type
  • Fodder
  • Forage
  • Compound Feed
• By Raw Material
  • Soya
  • Corn
  • Rendered Meal
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • Spain
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others