Ruminant Feed Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 534 Million |
| Market Size (2029) | USD 620 Million |
| CAGR (2024 - 2029) | 3.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Ruminant Feed Market Analysis
The Global Ruminant Feed Market size is estimated at USD 534 million in 2024, and is expected to reach USD 620 million by 2029, at a CAGR of 3.5% during the forecast period (2024-2029).
- The global ruminant market, which includes cattle, sheep, goats, and other plant-based digesters, has consistently expanded, driven by rising demand for dairy, meat, and related products. For instance, according to USDA in 2022, North America and Europe topped the charts in per capita dairy consumption, each surpassing 150 kg annually. In stark contrast, Africa's per capita consumption was a mere 37 kg. This gap highlights the pronounced demand for quality feed in developed nations, largely due to their push for heightened milk production.
- Moreover, worldwide consumption of ruminant meat is on an upward trajectory. Key influencers of meat consumption patterns include population growth, urbanization, demographics, income levels, pricing, and concerns related to health and the environment. As per OECD data, United States sheep meat consumption increased from 188.6 thousand metric tons in 2019 to 211.9 thousand metric tons in 2023, further energizing the ruminant feed market.
- The North American ruminant feed market is witnessing significant growth, driven by the region's expanding ruminant industries. As per the ITC Trade map, in 2022, the United States a leading global beef exporter, directs about 80% of its beef exports to key markets such as Japan, South Korea, China, Mexico, and Canada. This robust export activity, combined with a rising domestic demand for premium meat and dairy, has led to an increase in livestock populations. Consequently, the demand for ruminant feed has surged to support this growing animal base. In 2021, the United States produced 238.09 million metric tons of feed, a 1.02% rise from the previous year, according to Alltech Agri-Food Outlook. This production boost has heightened ruminant feed usage, with producers increasingly incorporating acidifiers, yeast, prebiotics, probiotics, and phytogenics to enhance meat and milk quality.
- Cereals are the cornerstone ingredient in global ruminant feed. As a primary energy source, cereals are integral to feed manufacturing. Among the diverse range of cereals, corn, barley, and sorghum are the most commonly used in ruminant feed production. Maize stands out as the predominant energy source, with 70% to 80% of its global output designated for feed. Oats, too, have maintained their status as a traditional feed grain over the centuries.
Ruminant Feed Market Trends
Beef Cattle is a Significant Segment of Animal Type
Beef cattle require nutrient-dense feed, particularly rich in protein and energy, to support their rapid weight gain and muscle development. This demand for specialized nutrition propels the market for tailored animal feed formulations. Typically, beef cattle feed comprises grains, protein meals, silage, and supplements, all aimed at boosting growth rates and optimizing meat quality. Consequently, this creates a robust market characterized by both high volume and high value.
Regions like North America, South America, and parts of Europe have a thriving beef industry, leading to a significant demand for animal feed to support these operations. In major beef-producing nations such as the United States and Brazil, the substantial demand for cattle feed underscores the beef segment's dominance in the broader animal feed market. Data from FAOSTAT, Brazil beef production, rising from 9.75 metric tons in 2021 to 10.35 metric tons in 2022.
As global demand for beef surges, particularly in emerging economies pivoting towards protein-rich diets, beef production and, by extension, feed demand have escalated. Economic growth in nations like China and India has bolstered their middle classes' beef consumption, driving up both beef production and cattle feed demand.
To cater to the distinct nutritional needs of beef cattle at various growth stages, the beef feed market offers specialized products: starter feed, grower feed, and finisher feed. Each product is tailored to specific nutritional requirements, resulting in a broad spectrum of feed formulations. Moreover, the prevalent use of supplements in beef cattle feed—designed to boost weight gain, enhance feed efficiency, and promote overall animal health—further amplifies the market's value.
Europe Dominates the Global Ruminant Feed Market
Europe stands as a mature market for ruminant feed, propelled by its advanced agricultural practices, stringent regulatory standards, and a pronounced emphasis on sustainable and safe animal nutrition. Historically, ruminant feed in the region has catalyzed enhancing livestock productivity. Consequently, the market, particularly in Western Europe, is both modern and heavily regulated. Spain and Germany emerge as the dominant players in this landscape.
Spain is one of the major producers of cow milk within the European Union, as highlighted by data from the European Commission. Contributing 4.6% to the European Union's projected annual output of 156 million metric tons, Spain produced 7.2 million metric tons in 2022. Additionally, Spain's cultural tradition of bullfighting bolsters its cattle feed market. Coupled with a steady rise in meat consumption, driven by factors like population growth, urbanization, and health concerns, the demand for compound feed is on the upswing. Data from the Ministry of Agriculture, Fisheries and Food (MAPA) and the National Institute of Statistics reveal that meat consumption in Spain reached 1.01 million metric tons in 2023, marking a 1.5% increase from the previous year.
Moreover, Europe's feed industry is under the watchful eye of regulatory bodies like the European Food Safety Authority (EFSA) and the European Commission, ensuring adherence to some of the strictest standards globally. These regulations not only guarantee the production of high-quality, safe, and sustainable feed but also play a pivotal role in minimizing contaminants and bolstering animal health. Furthermore, by promoting alternative feed ingredients, these regulations champion sustainable agriculture and aim to mitigate environmental impacts.
Ruminant Feed Industry Overview
The global ruminant feed market is fragmented with major players including Cargill Inc., Land O Lakes Feed, De Heus, Archer Daniels Midland, and ForFarmers. Major investments are made by companies in their domestic markets to cater to the local demand. Expansion is the second-most preferred growth strategy, followed by investment, in the global ruminant feed market. In addition to this, various companies are also enhancing the production capacities of their existing plants across the world.
Ruminant Feed Market Leaders
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Cargill Inc.
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Land O Lakes Feed
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De Heus
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Archer Daniels Midland
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ForFarmers
*Disclaimer: Major Players sorted in no particular order
Ruminant Feed Market News
- June 2023: Evonik unveiled an enhanced version of its Biolys product tailored for animal feeds, including those for ruminants. The revamped Biolys boasts a formulation with 62.4 percent L-lysine, equating to an 80 percent ratio to Lysine HCl. In contrast, the previous iteration contained 60 percent L-lysine, or a 77 percent ratio to Lysine HCl.
- January 2023: Cargill deepened its collaboration with BASF in the realm of animal nutrition. The expanded partnership not only bolstered research and development capabilities but also ventured into new markets, complementing their existing feed enzyme distribution agreements. This collaboration is set to enhance the development, production, marketing, and sales of tailored enzyme products and solutions for animals, ruminants included.
- May 2022: ADM made a strategic acquisition of a feed mill located in Polomolok, South Cotabato, previously owned by South Sunrays Milling Corporation. This move positions ADM to cater to the diverse demands of Asia's burgeoning animal nutrition market.
Ruminant Feed Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Demand for Meat and Dairy
4.2.2 Health and Nutritional Benefits
4.2.3 Economic Importance of Ruminants in Developing Countries
4.3 Market Restraints
4.3.1 Environmental Concerns
4.3.2 Rising Feed Costs
4.4 Market Opportunities
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Animal Type
5.1.1 Dairy Cattle
5.1.2 Beef Cattle
5.1.3 Other Animal Types
5.2 Ingredient
5.2.1 Cereals
5.2.2 Cakes and Meals
5.2.3 Other Ingredients
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 Russia
5.3.2.5 France
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Cargill Inc.
6.3.2 Land O' Lakes Feed
6.3.3 DBN Group
6.3.4 Archer Daniels Midland
6.3.5 Evialis
6.3.6 ForFarmers
6.3.7 DLG Group
6.3.8 DSM-Firmenich
6.3.9 De Heus
6.3.10 Lallemand Animal Nutrition
6.3.11 Biomin
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Ruminant Feed Industry Segmentation
Ruminant feed is the fodder that is blended from various raw materials and additives. These blends are formulated according to the specific requirements of the target animal. They are manufactured by feed compounders as meal type, pellets, or crumbles. Ruminant Animal Feed Market is segmented by Animal Type (Dairy Cattle, Beef Cattle, and Other Animal Types), Ingredient Type (Cereals, Cakes and Meals, Food Wastages, Feed Additives, and Other Ingredients), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). The report offers market size and forecasts in terms of value (USD) for all the above segments.
| Animal Type | |
| Dairy Cattle | |
| Beef Cattle | |
| Other Animal Types |
| Ingredient | |
| Cereals | |
| Cakes and Meals | |
| Other Ingredients |
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Ruminant Feed Market Research FAQs
How big is the Global Ruminant Feed Market?
The Global Ruminant Feed Market size is expected to reach USD 534 million in 2024 and grow at a CAGR of 3.5% to reach USD 620 million by 2029.
What is the current Global Ruminant Feed Market size?
In 2024, the Global Ruminant Feed Market size is expected to reach USD 534 million.
Who are the key players in Global Ruminant Feed Market?
Cargill Inc., Land O Lakes Feed, De Heus, Archer Daniels Midland and ForFarmers are the major companies operating in the Global Ruminant Feed Market.
Which is the fastest growing region in Global Ruminant Feed Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Ruminant Feed Market?
In 2024, the Europe accounts for the largest market share in Global Ruminant Feed Market.
What years does this Global Ruminant Feed Market cover, and what was the market size in 2023?
In 2023, the Global Ruminant Feed Market size was estimated at USD 515.31 million. The report covers the Global Ruminant Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Ruminant Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ruminant Feed Industry Report
Statistics for the 2024 Ruminant Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ruminant Feed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Ruminant Feed Market Report Snapshots
