Who are the key players in Cattle Feed Market?

Cargill Inc., Archer Daniels Midland Company, ForFarmers Inc., De Heus and Land O'Lakes, Inc. are the major companies operating in the Cattle Feed Market. Read More

Which is the fastest growing region in Cattle Feed Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Cattle Feed Market?

In 2024, the North America accounts for the largest market share in Cattle Feed Market. Read More

What years does this Cattle Feed Market cover, and what was the market size in 2023?

In 2023, the Cattle Feed Market size was estimated at USD 84.40 billion. The report covers the Cattle Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cattle Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Cattle Feed Market Size

Market Size of Cattle Feed Industry

Study Period	2019 - 2029
Market Size (2024)	USD 87.46 Billion
Market Size (2029)	USD 103.87 Billion
CAGR (2024 - 2029)	3.50 %
Fastest Growing Market	Asia Pacific
Largest Market	North America
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Cattle Feed Market Analysis

The Cattle Feed Market size is estimated at USD 87.46 billion in 2024, and is expected to reach USD 103.87 billion by 2029, growing at a CAGR of 3.5% during the forecast period (2024-2029).

The global cattle feed market plays a crucial role in the agricultural sector, supporting the production of beef and dairy products that are integral to the global food system. This market encompasses a wide range of feed products and additives designed to optimize cattle health, growth, and productivity. This market is driven majorly due to the rising demand for cattle-based products in the world. According to the USDA Foreign Agricultural Service, the consumption of milk in India grew from 202.4 million metric tons in 2022 to 207.4 million metric tons in 2023. As the demand for meat and dairy continues to rise, the cattle feed market is also expanding supporting the market growth.

Government subsidies and financial assistance have contributed to the increased availability and affordability of cattle feed. Similarly, the Indian government provides subsidies on certain feed ingredients and feed formulations. For instance, an amount of Rs 500 lakh (USD 60 thousand) was allocated under the Cattle Feed Subsidy Programme 2022-2023 scheme. This is used for the distribution of natural feed components i.e. distributing green grass and dried fodder at a subsidized rate. Further cattle feed mineral supplements are being distributed at subsidized rates and adoption of calves for rearing. This has enabled more farmers to access high-quality feed, thereby improving cattle health and productivity further boosting the market.

Along with this, the feed sector is rapidly advancing, driven by technological innovations. Innovations in feed technology, such as precision feeding and advanced nutritional formulations, contribute to better feed efficiency and cattle performance. For instance, in 2024, Precision Livestock Technologies (PLT), a leading provider of software and hardware solutions related to livestock feeding and health, introduced the first system that uses artificial intelligence (AI) to predict cattle feed intake and make feeding recommendations. These advancements help optimize the nutritional value of feed and reduce waste thereby supporting the market growth. Therefore, the growing demand for meat and milk coupled with government support and the advancement of feeding technologies are driving the market growth.

Cattle Feed Industry Segmentation

Cattle feed contains protein, energy, minerals, and vitamins required for the growth, maintenance, and milk production of animals. For this report, only commercial cattle feed has been considered. The Cattle Feed Market is Segmented by Animal Type (Dairy Cattle, Beef Cattle, and Other Cattle), Ingredient (Cereals, Cakes and Mixes, Food Wastages, Feed Additives, and Other Ingredients), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts for cattle feed in terms of value (USD) for all the above segments.

Animal Type
		Dairy Cattle
		Beef Cattle
		Other Cattle Types

Ingredient
		Cereals
		Cakes and Mixes
		Food Wastages
		Feed Additives
		Other Ingredients

Geography

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	Germany
	United Kingdom
	France
	Spain
	Russia
	Italy
	Rest of Europe

Asia-Pacific
	China
	India
	Japan
	Australia
	Rest of the Asia-Pacific

South America
	Brazil
	Argentina
	Rest of South America

Africa
	South Africa
	Rest of Africa

Need A Different Region Or Segment?

Customize Now

Cattle Feed Market Size Summary

The cattle feed market is poised for steady growth, driven by increasing demand for beef and dairy products globally. The beef cattle segment, in particular, is experiencing a surge due to heightened consumption in Western countries and significant production and consumption in China. The rising demand for high-quality beef and dairy products, especially in developing regions, is propelling the industrialization of cattle rearing. This shift is characterized by larger herd sizes, the use of compound feed, and improved scientific management practices, which are collectively boosting the market. The trend towards industrialization is also evident in developing countries, where traditional backyard cattle rearing is evolving into more commercial operations, spurred by the need to meet nutritional and taste preferences of growing populations.

North America stands out as a significant player in the cattle feed market, with the United States leading in both production and export of animal feed. The region benefits from a free-trade agreement among the United States, Canada, and Mexico, which facilitates a robust feed production ecosystem. The presence of major feed manufacturers like Cargill, Land O'Lakes, and ADM Alliance Nutrition further strengthens North America's market position. Globally, the market remains highly fragmented, with numerous local and regional players competing alongside multinational giants. This fragmentation, coupled with the geographically dispersed consumer base in developing markets, offers substantial opportunities for local manufacturers to capture niche markets. Recent strategic expansions by key players, such as De Heus and Archer Daniels Midland, highlight ongoing efforts to strengthen their foothold in emerging markets.

Explore More

Cattle Feed Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
  1. 1.2.1 Increasing Government Support
  2. 1.2.2 Rising demand of Cattle Based Products
  3. 1.2.3 Growing Technological Advacements
3. 1.3 Market Restraints
  1. 1.3.1 Competition of Ingredients among Industries
  2. 1.3.2 Growing Shift towards vegan-based diet
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers/Consumers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Animal Type
  1. 2.1.1 Dairy Cattle
  2. 2.1.2 Beef Cattle
  3. 2.1.3 Other Cattle Types
2. 2.2 Ingredient
  1. 2.2.1 Cereals
  2. 2.2.2 Cakes and Mixes
  3. 2.2.3 Food Wastages
  4. 2.2.4 Feed Additives
  5. 2.2.5 Other Ingredients
3. 2.3 Geography
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
    3. 2.3.1.3 Mexico
    4. 2.3.1.4 Rest of North America
  2. 2.3.2 Europe
    1. 2.3.2.1 Germany
    2. 2.3.2.2 United Kingdom
    3. 2.3.2.3 France
    4. 2.3.2.4 Spain
    5. 2.3.2.5 Russia
    6. 2.3.2.6 Italy
    7. 2.3.2.7 Rest of Europe
  3. 2.3.3 Asia-Pacific
    1. 2.3.3.1 China
    2. 2.3.3.2 India
    3. 2.3.3.3 Japan
    4. 2.3.3.4 Australia
    5. 2.3.3.5 Rest of the Asia-Pacific
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Africa
    1. 2.3.5.1 South Africa
    2. 2.3.5.2 Rest of Africa