[174+ Pages Research Report] Global Cattle Feed Market to surpass USD 95.8 billion by 2030 from USD 75.7 billion in 2020 at a CAGR of 3.9 % in the coming years, i.e., 2021-30.
Product Overview
Cattle feed provided commercially by feed producers is fed or mixed directly with feed concentrate or raw materials before feeding animals. The concept by FAO's compound feed is a combination of a natural, fresh, or preserved product of vegetable or animal origin or of a product produced from the manufacturing of that product, or organic or an inorganic material contained or not, in the form of a whole feed oral feed." Commercial feeds are supplemented with special formulas prepared for and growth period of the cattle to be fed as a single feed. Beef cattle, dairy cattle, calves, and other animals are fed in compound cattle.
Market Highlights
Global Cattle Feed market is expected to project a CAGR of 3.9% in 2030.
Global Cattle Feed to surpass USD 95.8 billion by 2030 from USD 75.7 billion in 2020 at a CAGR of 3.9 % in the coming years, i.e., 2021-30. The growing emphasis on animal health, the livestock sector, and the high prevalence of disease outbreaks among livestock has contributed substantially to the global livestock feed market development. During the forecast period, there is projected to increase demand for milk and dairy produce in developing countries. In addition, growing attention to nutrition precision, particularly in Europe, creates a worldwide market growth opportunity.
Global Cattle Feed Market: Segments
Corn segment to grow with the highest CAGR during 2020-30
Global Cattle Feed market is segmented by ingredients into Wheat, Corn, and Additives. In 2020, Corn was the dominant segment of ingredients and represented over one-fourth of the world's turnover. Major grain manufacturing companies including Cargill, Inc. and BASF SE are incorporated into the value chain, supplying feed products, providing producers with extensive supplies, and reducing supply and logistics costs. Also, few firms, such as Charoen Pokphand (CP) and Alltech, can backwardly manufacture commodities (feed grains) and finish goods to reduce the cost of raw materials.
Dairy segment to grow with the highest CAGR during 2020-30
Global Cattle Feed is divided by application into Dairy, Beef, Calf. In 2020, the dairy sector accounted for over half of global sales. The Food & Agriculture Organization of the United Nations (FAO) estimated that dairy products will increase by XX.X% by 2030, and beef products by XX.X% by 2030. Increased demand for milk and milking products in the developing economies can be due to the growth of the segment, which leads to rising industrialization in livestock rearing. In the US, the value of cattle and calf production has risen steadily since 2010 as a result of demand and increased market competition. Manufacturers are willing to innovate goods and sell custom milk and beef products.
Market Dynamics
Drivers
High prevalence of disease outbreak
The growing emphasis on animal health, the livestock sector, and the high prevalence of disease outbreaks among livestock has contributed substantially to the global livestock feed market development. During the forecast period, there is projected to increase demand for milk and dairy produce in developing countries. In addition, growing attention to nutrition precision, particularly in Europe, creates a worldwide market growth opportunity.
Rising industrialization of livestock production
Growing population and the need for fulfilling the nutritional and taste needs of the population in developing countries has led to increased industrialization of livestock production. In developed countries, cattle rearing has historically been a backyard occupation. Cattle rearing in these countries has begun to change as a result of increased demand and increased understanding of the economies of scale that come with maintaining larger herds. Increased cattle husbandry industrialization will result in the introduction of advanced management techniques, such as the use of compound feed in acceptable dosages. This is expected to boost the cattle feed market's growth.
Restraint
High cost
Compared to alternative feed options, the high price associated with cattle feed is curbing market development. Most of the world's ingredient supply is produced in China, including vitamin B&D, lysine, and threonine. During the pandemic, key product customers in North America and Europe were most affected by delayed shipments and shipping disruptions. This has led to a price increase because of bottlenecks in the supply chain.
Global Cattle Feed Market: Key Players
BASF SE
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
DSM
Cargill, Inc.
ADM Animal Nutrition
Kemin Industries, Inc.
Biomin Holding GmbH
Nutreco
Land O'Lakes, Inc.
Farmer's Grain Company
United Farmers Cooperative
DE HEUS. ALL
Godrej Agrovet Ltd.
Other Prominent Players
Global Cattle Feed Market: Regions
Global Cattle Feed market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa.
Global Cattle Feed in North America held the largest market share of XX.X% in the year 2020. In 2020, North America dominated the industry and accounted for more than 30% of global sales. The regional market is anticipated to be driven over the forecast years by increasing meat consumption, mainly in the US, coupled with rigorous regulations on meat quality. In addition, the area is expected to increase the demand growth in easy and sufficient supply of raw materials such as maize and dextrose. From 2020 to 2030, it is expected that Asia Pacific will record the highest CAGR. As a result of the high population and a large increase in meat consumption, emerging economies such as China and India have experienced fast cattle inventory growth over the past decade. This has led to increased demand for products.
Global Cattle Feed Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Cattle Feed Market report also contains analysis on:
Cattle Feed Market Segments:
By Application
Dairy
Beef
Calf
By Ingredients
Wheat
Corn
Additives
Cattle Feed Market Dynamics
Cattle Feed Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Cattle Feed Market Report Scope and Segmentation
Frequently Asked Questions
How big is the Cattle Feed market
What is the Cattle Feed market growth
Which segment accounted for the largest Cattle Feed market share
Who are the key players in the Cattle Feed market
What are the factors driving the Cattle Feed market
Contents
1. Executive Summary
2. Global Cattle Feed Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global Cattle Feed Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global Cattle Feed Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Volume (Billion Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Cattle Feed Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Ingredients: Market Share (2020-2030F)
1. Wheat, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Corn, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Additives, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. By Application: Market Share (2020-2030F)
1. Dairy, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Beef, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Calf, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. BASF SE
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. DSM
3. Cargill, Inc.
4. ADM Animal Nutrition
5. Kemin Industries, Inc.
6. Biomin Holding GmbH
7. Nutreco
8. Land O'Lakes, Inc.
9. Farmer's Grain Company
10. United Farmers Cooperative
11. DE HEUS. ALL
12. Godrej Agrovet Ltd.
13. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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