Cattle Feed and Feed Additives Market Size, Share, Growth Report 2032

Cattle Feed and Feed Additives Market

Cattle Feed and Feed Additives Market By Product Type (Antibiotics, Vitamins, Antioxidants, Feed Enzymes, Amino Acids, and Feed Acidifier), By Animal Type (Young Ruminants and Mature Ruminants), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030

Category: Food & Beverage Report Format : PDF Pages: 218 Report Code: ZMR-3117 Published Date: Jan-2024 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 35 Billion USD 43 Billion 3% 2022

Cattle Feed and Feed Additives Market

Cattle Feed and Feed Additives Industry Prospective:

The global cattle feed and feed additives market size was evaluated at $35 billion in 2022 and is slated to hit $43 billion by the end of 2030 with a CAGR of nearly 3% between 2023 and 2030.

Global Cattle Feed and Feed Additives Market SizeRequest Free Sample

Cattle Feed and Feed Additives Market: Overview

Cattle feed and feed additives include many kinds of compounds and molecules that help in improving digestion, food absorption, growth, assimilation of nutrients, and health in cattle. Apparently, they bring an enhancement in physiological processes including reproduction and immunity. These products include prebiotics, feeding attractants, essential oils, acidifiers, immunostimulants, probiotics, and feeding attractants. In addition to this, a surge in the expansion of the dairy sector across the globe will transform into massive growth of the global cattle feed and feed additives market in the years ahead.

Key Insights

  • As per the analysis shared by our research analyst, the global cattle feed and feed additives market is projected to expand annually at the annual growth rate of around 3% over the forecast timespan (2023-2030)
  • In terms of revenue, the global cattle feed and feed additives market size was evaluated at nearly $35 billion in 2022 and is expected to reach $43 billion by 2030.
  • The global cattle feed and feed additives market is anticipated to grow rapidly over the forecast timeline owing to massive concerns about many new diseases occurring in cattle.
  • In terms of product type, the antibiotics segment is slated to register the highest CAGR over the analysis period.
  • Based on animal type, the young ruminants segment is projected to record a massive surge in the coming years.
  • Region-wise, the North American cattle feed and feed additives industry is expected to register the fastest CAGR during the projected timeline.

Global Cattle Feed and Feed Additives Market SizeRequest Free Sample

Cattle Feed and Feed Additives Market: Growth Factors

Growing customer awareness about increasing the nutrient value of meat to boost the global market surge by 2030

Humungous consumer awareness pertaining to increasing the safety and nutritive value of meat as well as milk will drive the global cattle feed and feed additives market trends. Apart from this, massive concerns about many new diseases occurring in cattle will further enhance product penetration across the globe over the ensuing years.  In addition to this, a gradual shift from unorganized cattle farming to organized one will prompt business growth.

Breakthroughs in cattle farming techniques and the need for improving the quantity as well as the quality of meat & milk yield will encourage players to invest in research activities to develop new kinds of cattle feed & feed additives, thereby steering the market size. Massive intake of beef in Western countries due to high protein contents will result in lucrative demand for cattle feed & feed additives in the foreseeable future.

Cattle Feed and Feed Additives Market: Restraints

Oscillation in the prices of raw components can impact product sales and diminish the growth of the global industry

Fluctuating raw material costs and strict government laws pertaining to the sale of the product will retard the expansion of the global cattle feed and feed additives industry over the years to come. Strict & time-consuming regulations can retard the growth of the global industry. The probability of inverse price relations with farm products can further inhibit the global industry surge.  

Cattle Feed and Feed Additives Market: Opportunities

Need for enhancing animal health and improving animal feed quality to open new growth avenues for the global market

Shifting from unorganized livestock farming activities to organized ones will open new facets of growth for the global cattle feed and feed additives market. The growing necessity of improving animal health along with preventing diseases in animals is likely to spur global market expansion over the years ahead.

Cattle Feed and Feed Additives Market: Challenges

Growing demand for monitoring contamination occurring due to mycotoxin use in the product can be a huge challenge for the global industry

The need for detecting mycotoxin pollution in cattle feed products can pose a huge threat to the growth of the global cattle feed and feed additives industry.

Cattle Feed and Feed Additives Market: Segmentation

The global cattle feed and feed additives market is sectored into product type, animal type, and region.                    

In terms of product type, the global cattle feed and feed additives market is segregated into amino acids, antibiotics, antioxidants, vitamins, feed enzymes, and feed acidifier segments. Furthermore, the antibiotics segment, which gained approximately 75% of the global market share in 2022, is expected to register the highest CAGR in the period from 2023 to 2030. The growth of the segment during the forecast timespan can be ascribed to a rise in the use of antibiotics in cattle feed and feed additives to prevent the spread of diseases in cattle.

Based on the animal type, the global cattle feed and feed additives industry is sectored into young ruminants and mature ruminants segments. Moreover, the young ruminants segment, which accrued the highest share of the global industry in 2022, is anticipated to lead the segment in the upcoming years. The segmental surge over the forecast timespan can be credited to the rise in the demand for products for feeding young ruminants to increase milk and meat production of high quality.

Cattle Feed and Feed Additives Market: Report Scope

Report Attributes Report Details
Report Name Cattle Feed and Feed Additives Market
Market Size in 2022 USD 35 Billion
Market Forecast in 2030 USD 43 Billion
Growth Rate CAGR of 3.0%
Number of Pages 218
Key Companies Covered Nutreco, Dow, De Heus Animal Nutrition, BASF SE, Perdue Farms, Chr. Hansen Holding A/S, SunOpta, DSM, DuPont, Evonik Industries AG, NOVUS INTERNATIONAL, Alltech, Associated British Foods plc, Kent Nutrition Group, Charoen Pokphand Foods PCL, Cargill, Incorporated, ForFarmers, De Heus Animal Nutrition, Land O'Lakes, J. D. HEISKELL & CO., Scratch and Peck Feeds, MEGAMIX., and others.
Segments Covered By Product Type, By Animal Type, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Cattle Feed and Feed Additives Market: Regional Insights

Asia-Pacific to establish its dominance in the global cattle feed and feed additives market over the forecast period

Asia-Pacific, which accumulated nearly 50% of the global cattle feed and feed additives market revenue in 2022, is projected to lead the regional market sphere in the forecasting years. Apart from this, the surge in the market size in the sub-continent over the coming year can be credited to growing product demand for the rising livestock populace. Apart from this, the introduction of new practices such as the addition of urea to dietary fiber for enhancing the digesting ability of cattle and the need for improving the flavor of cattle feed will drive the surge of the regional market in the years to come. In addition to this, massive demand for meat in countries such as China, Japan, Australia, Thailand, New Zealand, and Indonesia will propel the elevation of the market landscape in the sub-continent over the coming decade.

North American cattle feed and feed additives industry is predicted to record the fastest CAGR over the forecast period owing to the presence of key players in countries such as the U.S. and Canada. Furthermore, an increase in the export of products from countries of North America to emerging economies of Asia and Latin America will contribute massively towards the industry earnings in North America.

Key Developments

  • In the second half of 2021, ADM Corporation, a key player in the human & animal nutrition business, announced that it will open a new animal nutrition lab in Switzerland. Reportedly, the new laboratory will support the production of feed additives for fulfilling animal feed requirements of livestock and pets.
  • In the last quarter of 2021, Koninklijke DSM N.V., a key player in the health, materials, and nutrition sector, declared that the firm will establish a new analytical unit of excellence in Austria. For the record, operations such as nutritional analysis for enhancing livestock nutrition quality are expected to be performed in this new unit.

 Cattle Feed and Feed Additives Market: Competitive Space

The global cattle feed and feed additives market profiles key players such as:

  • Nutreco
  • Dow
  • De Heus Animal Nutrition
  • BASF SE
  • Perdue Farms
  • Chr. Hansen Holding A/S
  • SunOpta
  • DSM
  • DuPont
  • Evonik Industries AG
  • NOVUS INTERNATIONAL
  • Alltech
  • Associated British Foods plc
  • Kent Nutrition Group
  • Charoen Pokphand Foods PCL
  • Cargill
  • Incorporated
  • ForFarmers
  • De Heus Animal Nutrition
  • Land O'Lakes
  • J. D. HEISKELL & CO.
  • Scratch and Peck Feeds
  • MEGAMIX.

Moreover, the market is highly fragmented with only a few players capturing a huge share of the global market and new entrants swiftly entering the market and posing a cut-throat competition to the existing players.

The global cattle feed and feed additives market is segmented as follows:

By Product Type

  • Antibiotics
  • Vitamins
  • Antioxidants
  • Feed Enzymes
  • Amino Acids
  • Feed Acidifier

By Animal Type

  • Young Ruminants
  • Mature Ruminants

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Cattle feed and feed additives includes many kinds of compounds and molecules that helps in improving digestion, food absorption, growth, assimilation of nutrients, and health in cattle. Apparently, they bring an enhancement in physiological processes including reproduction and immunity.

The global cattle feed and feed additives market growth over forecast period can be owing to breakthroughs in cattle farming techniques and need for improving the quantity as well as quality of meat & milk yield will encourage players for investing in research activities to develop new kinds of cattle feed & feed additives.

According to a study, the global cattle feed and feed additives industry size was $35 billion in 2022 and is projected to reach $43 billion by the end of 2030.

The global cattle feed and feed additives market is anticipated to record a CAGR of nearly 3% from 2023 to 2030.

The North American cattle feed and feed additives industry is set to register the fastest CAGR over the forecasting timeline is owing to presence of key players in the countries such as the U.S. and Canada. Furthermore, an increase in the export of the product from countries of North America to emerging economies of Asia and Latin America will contribute massively towards the industry earnings in North America.     

The global cattle feed and feed additives market is led by players such as Nutreco, Dow, De Heus Animal Nutrition, BASF SE, Perdue Farms, Chr. Hansen Holding A/S, SunOpta, DSM, DuPont, Evonik Industries AG, NOVUS INTERNATIONAL, Alltech, Associated British Foods plc, Kent Nutrition Group, Charoen Pokphand Foods PCL, Cargill, Incorporated, ForFarmers, De Heus Animal Nutrition, Land O'Lakes, J. D. HEISKELL & CO., Scratch and Peck Feeds, and MEGAMIX.        

The global cattle feed and feed additives market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed