Cattle feed market is expected to grow at a compound annual growth rate of 2.50% over the forecast period to reach a market size of US$48.666 billion in 2024 from US$41.964 billion in 2018.
Feed for cattle is supplemented with grain, soy
, and other ingredients in order to increase the energy density of the diet. Cattle feed is helpful in managing the nutrient level of end products and provides better immune to cattle. Increasing meat and dairy product demand are expected to drive the global cattle feed demand. Cattle products include milk and milk products along with meat and meat products. The increasing population is anticipated to increase meat, dairy, and other cattle products which directly influence the demand for cattle feed in the coming years. In addition, increasing health concerns for better and healthy cattle products is also expected to drive the growth of the market during the forecast period.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations being implemented by the relevant agencies. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the cattle feed value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the Cattle Animal feed market.
Major industry players profiled as part of the report Alltech
, Cargill, Incorporated, Archer Daniels Midland, BASF SE, and Godrej Agrovet among others.
The cattle feed market has been analyzed through the following segments:
By Raw Materials
By Production Systems
Europe Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for cattle feed market?
A1. The cattle feed market is expected to grow at a CAGR of 2.50% during the forecast period.
Q2. What is the size of global cattle feed market?
A2. Cattle Feed market was valued at US$41.964 billion in 2018.
Q3. Who are the major players in the cattle feed market?
A3. Major industry players profiled as part of the cattle feed market report Alltech, Cargill, Incorporated, Archer Daniels Midland, BASF SE, and Godrej Agrovet among others.
Q4. What will be the cattle feed market size by 2024?
A4. The global cattle feed market is expected to reach a total market size of US$48.666 billion by 2024.
Q5. What factors are anticipated to drive the cattle feed market growth?
A5. Increasing meat and dairy product demand are expected to drive the global cattle feed demand.