Cattle Feed Additives Market Size

Cattle Feed Additives Market size was over USD 87.35 billion in 2023 and is expected to exceed USD 156.74 billion by the end of 2036, growing at over 4.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cattle feed additives is evaluated at USD 90.56 billion.

on the back of growing worldwide demand for cattle derived products, including beef and dairy products, among others, and rising awareness for cattle health. Increasing hazard of diseases such as anthrax and mad cow disease in the cattle and awareness regarding feed quality are also major drivers for the growth of the cattle feed & feed additive market. The growing demand for healthy, nutritious and disease-free beef and dairy products is assessed to boost the market growth by the end of 2029. Moreover, cattle rearing used to be a highly unorganized occupation with minimal to no growth. However, the global shift from unorganized to organized livestock farming is anticipated to generate opportunities for the growth of the cattle feed additives cattle feed additives market.

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 Size