North America Cattle Feed Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Fodder, Forage, Compound Feed), By Raw Materials (Soya, Corn, Rendered Meal, Others), And By Country - Forecasts From 2022 To 2027

North American cattle feed market is expected to grow at a compound annual growth rate of 2.54% over the forecast period to reach a market size of US$33,365.437 million in 2027, from US$27,998.487 million in 2020.

Commercial cattle feed is either provided directly to the animals or mixed with feed concentrates or roughages before feeding. According to the American feed industry Association, the United States breeds more than 9.6 billion food-producing animals each year. These animals ensure that Americans have year-round access to a safe, inexpensive, and plentiful supply of meat, milk, and milk products, ensuring that they get the proper nutrients they require. Nearly 6,000 feed mills in the United States are dedicated to producing 236 million tonnes of safe, high-quality, and nutritional feed each year.

" A compound feed is a mixture of fresh or preserved items of vegetable or animal origin, or products resulting from industrial processing thereof, organic or inorganic compounds for oral feeding in the form of a full diet, whether or not containing additions," according to the FAO. Specific formulations created according to each growth period of the cattle are used to compound commercial feed. Compound cow feed is provided to beef cattle, dairy cattle, calves, and other livestock to be fed as a sole ration. Beef cattle, dairy cattle, calves, and other livestock are fed compound cattle feed. According to the Observatory of economic complexity, the United States of America stands second in the export of cattle feed globally.  Moreover, according to the Foreign agriculture service, in 2020, the USA was the world’s largest beef producer, second-largest importer, and third-largest exporter by volume.  The additions also help to boost the feed's nutritional content and palatability. Antioxidants, vitamins, antibiotics, amino acids, feed enzymes, and feed acidifiers are some of the popular feed additives.

Market Trend

Improved industrial livestock production and increased understanding of the safety of meat and milk products as a result of rising demand for high-value animal protein. The United States is expected to lead this growth in the region. The US animal food production business is heavily reliant on adopting the North American Free Trade Agreement (NAFTA), which has permitted feed and feed ingredient exports. The market for animal feed is being driven by this trade agreement, as well as the rising livestock industry.

Growth Factors

• Demand for animal protein is increasing.

The per capita consumption of Buffalo and veal, according to the Organisation for EconomicCo-operation and Development in the USA, is 12902 thousand tonnes in 2020. The cattle feed market is driven by expanding livestock production and rising animal protein demand. As a result of expanding meat consumption and increased output to satisfy demand, there will be a demand for feed to boost productivity.

• The United States dominates the cattle feed market

The major producers of cow milk include the United States, according to the food and agriculture organization. The US majorly exports corn which is used in making animal feed, to Ukraine and brazil inclining towards more growth in the future. The total value of feed, feed ingredients, and pet food exports climbed by $874 million, or 7.2 percent, from 2019 to 2020. The total volume of these exports increased by 1.1 million metric tonnes, or 3.5 percent, according to the American feed industry association.

Restraints

• Disease Outbreaks and Unprecedented Price Hikes to wreak havoc on the cattle feed market.

The immune systems of farm animals are compromised by hazardous and contaminated feed ingredients, resulting in a loss of productivity for farmers. Livestock farmers have begun to invest in high-quality feed premixes since disease outbreaks have become increasingly frequent. Customers place high importance on product quality assurance and safety. Diseases can impact the trade of dairy, meat, and by-products from animals. For a long time, the export of these products has been forbidden in the disease-affected areas until the disease has been completely isolated and managed.

• Rising Veganism culture

According to the Vegan Society, the number of people eating plant-based diets in the United States has increased by about 9.6 million in the previous 15 years. This is a 300 percent growth in the population of the United States, accounting for roughly 3% of the total population. This is a threat to non-vegetarians as meat consumption can decrease in the forecasted period as people opt for vegetarian and veganism culture due to health issues.

Impact of COVID-19 Pandemic:

The value of U.S. beef and beef product exports fell 5.5 percent in 2020 compared to the previous year, owing to supply chain bottlenecks and foodservice challenges in the aftermath of the COVID-19 epidemic. Due to the country's economic recession and an unfavourable exchange rate against the US dollar, Mexico's beef imports from the US declined. Exports to Japan, the country's largest market, remained unchanged from the previous year. The effects of increased exports to Japan in the first quarter of 2020 were countered by a sharp drop in the second quarter as COVID-19 spread. Exports of beef from the United States to China surged as a result of China's removal of market access barriers as part of the Phase One Agreement and increasing meat demand in China as a result of reduced domestic pork supplies. Exports contributed 11% of total domestic production in the United States.

 Segmentation:

• By Type
  • Fodder
  • Forage
  • Compound Feed
• By Raw Material
  • Soya
  • Corn
  • Rendered Meal
  • Others
• By Countries
  • United States of America
  • Canada
  • Mexico

Cargill Corporation

Trouw Nutrition

Biomin

AllTech Inc.

Archer Daniels Midland

BASF SE

Novus International

Lallemand Inc.

Canadian Organic Feeds