Cattle Feed Additives Market Analysis

The cattle feed additives market is segmented on the basis of ingredient type into oilseeds & grains, soybean meal, corn, wheat, and others, out of which the soybean meal segment is anticipated to hold a significant market share by the end of 2021. Soybean meal is rich in protein content which is essential for improving muscle gain as well as lactation abilities of the cattle. Based on application, the beef cattle segment holds a considerable market share throughout the forecast period, on the back of growing global demand for nutritious beef. In the year 2020, the global beef consumption crossed 60 metric kilotons.

However, the growing trend of veganism along with stringent regulatory policies on standards of feed additives is anticipated to hamper the market growth in the upcoming years.

Our in-depth analysis of the global market includes the following segments:

Ingredient Type

Oilseeds & grains
Soybean meal
Corn
Wheat
Others

Additive Type

Vitamins
Antibiotics
Feed Enzymes
Amino Acid
Others

Application

Beef Cattle
Dairy Cattle
Others
Others

Frequently Asked Questions (FAQ)

Rising demand for meat and dairy products is the major factor driving the market growth.

Growing trend of vegan food, and rigorous policies regarding the quality standards of feed and additives are the major factors estimated to hamper the market growth.

Asia Pacific market is anticipated to provide highest business opportunities to the global cattle feed & feed additives market on the back of large cattle population in the region along with raise in adopting livestock farming as an occupation.

The major players in the market are Cargill Incorporated, Archer Daniels Midland Company, Adisseo Group, Nutreco N.V., Phibro Animal Health Corporation, and others.

Cattle Feed Additives Market Analysis