The Cattle Feed & Feed Additives by The Business Research Company provides market overview across 60+ geographies in the seven regions — Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010–2021) and extends its insights into a ten-year forecast period (2023–2033).
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According to The Business Research Company’s Cattle Feed & Feed Additives , The cattle feed & feed additives market size has grown strongly in recent years. It will grow from $60.98 billion in 2023 to $64.36 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to population growth, income levels, urbanization, disease outbreaks.
The cattle feed & feed additives market size is expected to see strong growth in the next few years. It will grow to $80.96 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to sustainable practices, health and wellness trends, global trade policies, climate change concerns. Major trends in the forecast period include innovations in feed additives, alternative protein sources, digitalization in agriculture, consumer demand for transparency.
The growing livestock and animal husbandry industry is expected to propel the growth of the cattle feed and feed additives market going forward. Livestock refers to cattle, sheep, horses, goats, and other domestic animals ordinarily rose on a farm. Cattle feed and feed additives are used on farms for raising livestock and animals, which helps to add nutrients to their food and aids their faster growth. For instance, according to data by Eurostat, a Luxemburg-based Directorate-General of the European Commission, in the 2021 political and economic union of 27 European nations, the livestock population of Europe is valued at 297 million, which is 146 million pigs, 76 million bovine animals, and 75 million sheep and goats. Therefore, the growing livestock and animal husbandry are driving the growth of the cattle feed and feed additives market.
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The cattle feed & feed additives market covered in this report is segmented –
1) By Іngrеdіеnt: Cоrn, Ѕоуbеаn Меаl, Whеаt, Oil Seeds And Grains, Other Ingredients
2) By Product: Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Acidifiers, Other Products
3) By Аррlісаtіоn: Вееf Саttlе, Dаіrу Саttlе, Саlvеѕ, Оthеr Applications
Technological advancements are a key trend gaining popularity in the cattle feed and feed additive market. Major companies operating in the cattle feed and feed additives sectors are focused on introducing new technologies to reinforce their position. For instance, in June 2021, Charoen Pokphand Foods PCL, a Thailand-based agro-industrial company, developed a unique feed formula that contains microorganisms and improves the digestive systems of farm animals through animal food that fits different ages and types of animals. This probiotic technology keeps animals healthy and strong without the use of growth hormones or antibiotics. The product also protects animals from diseases and improves immunity.
The cattle feed & feed additives market report table of contents includes:
1. Executive Summary
2. Cattle Feed & Feed Additives Market Characteristics
3. Cattle Feed & Feed Additives Market Trends And Strategies
4. Cattle Feed & Feed Additives Market — Macro Economic Scenario
5. Global Cattle Feed & Feed Additives Market Size and Growth
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31. Global Cattle Feed & Feed Additives Market Competitive Benchmarking
32. Global Cattle Feed & Feed Additives Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Cattle Feed & Feed Additives Market
34. Cattle Feed & Feed Additives Market Future Outlook and Potential Analysis
35. Appendix
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