Cattle Feed and Feed Additives: Global Markets to 2022
NEW YORK, Nov. 28, 2017 /PRNewswire/ --
? The global market for cattle feed and feed additives will grow from $31.3 billion in 2017 to $34.2 billion by 2022, with a compound annual growth rate (CAGR) of 1.8% for the period of 2017-2022.
Read the full report: https://www.reportlinker.com/p05222518
? Corn market will grow from $15.2 billion in 2017 to $16.3 billion by 2022, rising at a CAGR of 1.5%.
? Wheat market is expected to increase from $2.3 billion in 2017 to nearly $2.8 billion by 2022 with a CAGR of 3.4%.
Chapter 1: Introduction
More than 60% of operation costs for cattle and dairy farms involve feed costs. This equals a market worth $31.3 billion for 2017, an increase of 2.7% over 2016. Over the past decade, volatility in agricultural commodity pricing has impacted the businesses of feed producers. Beef cattle operations and dairy farms have explored various methods to ease the pressures of feeding costs.
In a survey of beef and dairy farms, BCC Research discovered the following methods for reducing costs:
? Reduction in purchasing of compound feeds
? Shifting purchases towards simple feed blends
? On-site additive mixing
? Exploring feed mixtures, such as sorghum and less traditional grains
? Pricing contracts with feed manufacturers
? Increase grazing and pasture operations
? Moving operations to areas with more land availability On the demand side, producers are witnessing several trends that affect demand for beef and dairy products.
These include:
? World population changes/growth
? Shifts in population consumption preferences
? Changes in per capita income levels The market has witnessed a slow decline over the past few years due to commodity pricing returning to near pre-recession levels, which has increased volume purchases. In fact, for 2017 there was an increase in sales due to volume as cattle and dairy producers began to purchase feed at higher rates, including some additional interest in compound and total nutrition feeds.
Study Goals and Objectives
This BCC Research report, Cattle Feed and Feed Additives: Global Markets provides an overview of feed ingredients and by-products used in the simple or complex blend of cattle/cow feed. The study includes information about cattle populations and operations, ingredient trends, including pricing volatility, issues and trends in the market, major contributors to the market and other information affecting the cattle feed industry.
The information within this report is directed at the business and industry professional and is specifically designed to aid in the explanation, direction and future of cattle feed and feed additive markets. The report focuses on providing the reader with an understanding of trends in the industry, market segments, market forecasts, leading players, market drivers and inhibitors.
Reasons for Doing This Study
A thorough review of the cattle feed and feed additive market has revealed that today's manufacturers face a rapidly changing and highly demanding global competitive environment. Manufacturers of animal feed and feed additives are experiencing an overall growth in the market as improved standards of living and increased disposable incomes lead to an overall increase in consumption of meat and dairy products.
A challenging aspect of the animal feed industry is the impact of consumer demand and the continuing trend of consumers express concerns about the conditions under which their daily food is produced. Consumers are becoming more health conscious, and demanding healthy and balanced diets. The growing trend of natural and organic food is creating a niche market opportunity for suppliers. By implementing a feeding plan that provides proper nourishment, efficient production and rich in vitamin and supplements, consumers enjoy additional nutritional benefits. Additionally, healthy feeding results in minimized impact on the environment.
The report reviews the global cattle feed industry, focusing on major segments of feed ingredients. It provides the most up to date information on quantities manufactured and consumed for the intended purpose, prices and market value developments. It enables the reader to understand the industry in general, provides, in particular, insight into the detailed market segments by type and by global region.
Scope of Report
The term cattle refer to beef cattle/stock, dairy cows, calves and breeding stock. The cattle feed market, for the purposes of this report, includes animal feed largely classified as compound feed and simple feed blends. Although cattle feed can sometimes include hay and dried forage, the report does not include these details. Forage is natural food that is discovered and consumed by animals grazing (i.e., pasture grass, stems and plants). In some cases, cut forage, such as hay, is classified as fodder but we have not included it in this report.
Cattle feed includes complete feed blends that meet the total nutritional needs of cattle and simple blends that are a blend of unprocessed or limited processed commodities with vitamins and nutritional supplements that are added on-site.
All market data pertain to the global market at the bulk wholesale or manufacturers' level. Data are expressed in current U.S. dollars. The base year of the report is 2017 and forecast data are provided for 2022.
Methodology
Feed ingredients are sold worldwide for animal feed production and distribution. The market for commodities such as corn and wheat is important to the feed manufacturer as the cost of raw materials can considerably change the pricing structures of end products. For the purpose of this study, raw materials are listed in metric tons and are listed geographically in terms of consumption in the country of use.
Data for this study were collected using both primary and secondary data research techniques. Literature searches of various sources, including scientific, chemical and agro-business publications and databases, were conducted. Online databases and government sources were consulted as well and some discussions throughout blogs and forums offered insight not elsewhere gathered. Extensive interviews with industry personnel, scientists, dieticians, veterinary professionals, product marketing specialists, professional and trade organizations, government agency personnel, observers, scientists and industry professionals were conducted and formed the basis for the report and its contents.
The collected data were analyzed to determine specific findings and forecasts. Once these forecasts were obtained they were validated by industry experts. Because some segments of this report are not routinely measured, BCC derived estimates from a variety of analogous sources.
Specifically, methodology applied in this report is based on:
? Major industry developments per ingredient type
? Analyzing volumes, prices and market value trends
? Profiling changes in the industry structure, and contrasting actual production with consumption and ending stocks
? Providing market outlooks for the years through 2022
? Estimating food production trends, output vs. demand.
? Synoptic review of major players in the cattle feed industry and their strategies for the future.
Some interviews with cattle operators provided detailed data on feed composition, intervals and other inputs, which were used to shape some of the consumption and market value patterns.
Specific countries with extensive interviews included:
? Argentina
? Australia
? Canada
? India
? Italy
? Mexico
? Peru
? Spain
? United Kingdom
? United States
Information Sources
Information sources used to compile this report include:
? American Farm Bureau Federation
? American Feed Industry Association
? American Society of Animal Science, Journal of Animal Science
? Australian Lot Feeders' Association
? California Department of Food and Agriculture
? Central Intelligence Agency
? Distillers Grains Technology Council
? European Chemical Industry Council, The
? European Feed Manufacturers' Federation
? Federal Ministry of Food and Agriculture of Germany
? Federation of Asian Chemical Societies
? Food and Drug Administration
? Food and Agriculture Association
? Government of India, Ministry of Agriculture & Farmer's Welfare
? International Association of Agricultural Economists
? International Council of Chemical Association
? IOWA State University
? Kansas State University
? Ministry of Agriculture of the People's Republic of China
? Ministry of Agriculture, Livestock and Supply of Brazil
? National Farmers Union
? Organization for Economic Cooperation and Development
? Pennsylvania State University, Department of Animal Science
? U.S. Bureau of Economic Analysis
? U.S. Census Bureau
? U.S. Department of Labor, Bureau of Labor Statistics
? U.S. Environmental Protection Agency
? U.S. Meat Export Federation
? United States Department of Agriculture
? University of Belgrade, Serbia
? University of Illinois
? University of Minnesota
? Washington State Department of Agriculture
? World Bank, The
? World Veterinary Association
Geographic Breakdown
In this report, the geographic regions considered for market analysis include:
? North America
? Canada
? Mexico
? United States Europe, Middle East and Africa (EMEA)
? France
? Germany
? Italy
? Russia
? Spain
? United Kingdom
? Rest of EMEA Asia-Pacific
? Australia/New Zealand
? China
? India
? Japan
? Rest of APAC South and Central America
? Argentina
? Brazil
? Rest of Region
Cattle Feed and Feed Additives, by Ingredient
Corn-based
Wheat-based
Other grain-based
- Barley
- Oats
- Sorghum
Other feed
- Soybeans
- Soybean meal
Feed Additives
- Amino acids
- Medicinal
- Enzymes
- Probiotics/prebiotic
- Vitamins/minerals
Cattle Feed and Feed Additives, by Indication/Cattle Group
Beef cattle
Dairy cattle
Special/other cattle
- Calves
- Bulls
- Breeding heifers
Cattle Feed and Feed Additives, by Region
North America
Canada
Mexico
United States
EMEA
France
Germany
Italy
Russia
Spain
United Kingdom
Rest of EMEA
Asia-Pacific
Australia/New Zealand
China
India
Japan
Rest of Asia-Pacific
South/Central America
Argentina
Brazil
Rest of region
Chapter 2: Summary and Highlights
Market Overview The feed ingredient market for cattle feed is worth $31.3 billion in 2017, representing between 19% and 20% of the total feed ingredient market. In some regions, the percentage is a bit higher such as in Europe and North America, while in Asia, as a whole, it is slightly lower.
Market Influences Factors that affect the cattle feed and feed additive industry include:
? Availability of raw materials for feed
? Feed pricing
? Beef and dairy consumption trends
? Government import and export trends
? Land availability and management
? Seasonal variations such as drought
Read the full report: https://www.reportlinker.com/p05222518
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