The global cattle feed market size accounted for USD 83.80 billion in 2024 and is expected to exceed around USD 130.14 billion by 2034, growing at a CAGR of 4.5% from 2024 to 2034.
It is anticipated that the cattle feed market will expand due to a rise in the need for nutrients to enhance cattle performance and increase their nutritional value. Industrialization has accelerated in emerging countries due to the need to satisfy dietary and taste needs as well as population growth. The cattle feed market is estimated to grow as a result of government programs and regulations that promote animal husbandry and ensure food security. Diversified feed ingredient procurement, risk management techniques, and efficient feed management techniques can all support sustainable and profitable livestock production by minimizing the influence of grain price swings on cattle feed costs.
The present cattle disease outbreak and consumers' increasing awareness of the safety and nutritional value of milk and meat are some of the key drivers propelling the sector. The global market for cow feed benefits from people's growing concern for the welfare and productivity of their cattle as the demand for meat and milk develops globally. Advances in animal nutrition science and technology have led to changes in feed formulation, improving feed conversion efficiency and herd health in general. Changes to food safety laws and bans on particular feed additives are two examples of regulatory actions that have impacted market dynamics throughout time.
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| Stats ID: | 7770 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Stats ID: | 7770 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
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