Global Cattle Feed Market to Hit $78.3 Billion by 2027 Amid Rising Demand for Meat and Dairy
Source: The DairyNews
The global cattle feed market, valued at $73.5 billion in 2019, is expected to reach $78.3 billion by 2027, growing at a compound annual growth rate (CAGR) of 4.4% from 2021 to 2027, according to a new report by Allied Market Research.
This growth is driven by the increasing global demand for meat and dairy products. The dairy segment remains the market leader, with significant contributions from North America, Europe, and the rapidly expanding Asia-Pacific region.
Key trends identified in the report include the adoption of sustainable feed practices, the implementation of precision feeding technologies, and a growing preference for organic feed options. These trends are shaping the future of the cattle feed market as producers strive to meet evolving consumer demands and regulatory standards.
As the demand for high-quality meat and dairy products continues to rise, the cattle feed market is set to play a crucial role in supporting the global food supply chain, ensuring that producers can meet the nutritional needs of their livestock efficiently and sustainably.
Key trends identified in the report include the adoption of sustainable feed practices, the implementation of precision feeding technologies, and a growing preference for organic feed options. These trends are shaping the future of the cattle feed market as producers strive to meet evolving consumer demands and regulatory standards.
As the demand for high-quality meat and dairy products continues to rise, the cattle feed market is set to play a crucial role in supporting the global food supply chain, ensuring that producers can meet the nutritional needs of their livestock efficiently and sustainably.
