Global "Dairy Cattle Feed Market" Expected to reach a high CAGR during the forecasting period (2022-2029).
Dairy Cattle Feed is majorly used by farmers and commercial milk producers for health maintenance and increased milk production. About 50-60% of feed in dairy cattle accounts for forages and the rest by other concentrates. The Major types of forages used in cattle feed include wet and dry forages. The most commonly used wet forages in cattle consist of barley, corn or alfalfa. Dry forages used in the dairy cattle feed include high-quality alfalfa hay, alfalfa-grass mix, and grass hay. A large number of farmers across the globe use a combined mixture of both silage and hay, and others using either feed silage or feed hay.
Increasing herd sizes by the commercial farms to meet the global demand for milk led dairy producers to implement alternative feeding strategies. This had resulted in increased interest in the total mixed ration. The cattle fed with a total mixed ratio have seen a significant change in milk output and overall animal health. The total mixed ratio is a mixture of natural ingredients, fodders, and feed additives in a specific ratio. Growing demand for high-quality milk and increased productivity through minimal input led to increased investment by the farmers in forages. Increased health-related concerns by farmers over the herd and positive outcomes over feed usage are the factors driving the global dairy cattle feed market. The rising dairy cattle population and growing per capita consumption of feed in cattle are also driving the growth of the global dairy cattle feed market. According to the Department of Agriculture, Food and Marine, & Central Statistics Office, average dairy concentrate feed use per head increased from 880 kg/cow in 2016 to 1011 Kg/cow in 2018 in Israel. The high presence of in-house production of forages by the farmers in developing nations hinders the growth of the global dairy cattle feed market.
The global dairy cattle feed market is segmented into dry forage and wet forage based on feed type. Wet forage dominates the feed type segment globally owing to its greater feed efficiency over dry compatriots. Commercial farmers extensively use corn silage in growing dry and lactating cows. Growing feed grain prices led to increased adoption of wet forages by farmers due to its low-cost availability nature across the globe. The presence of high energy content and increased productivity in livestock through its usage in the feed are the other factors contributing to the growth of wet forages during the forecast period.
By region, the global dairy cattle feed market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east, and America.
The well-established dairy industry and increased adoption of high-quality feed by commercial milk producers contribute to the growth of the Asia-Pacific dairy cattle feed market. Several private and government milk cooperatives are established in developing nations to organize the dairy industries. These cooperatives focus on enhancing the quantity and quality of milk production by supplying high-quality feed to livestock growers. This assistance of cooperatives led to increased utilization of compound feed. For instance, major cooperatives in India are providing self-produced compound feed for the farmers. Organic dairy cattle feed is growing in market size due to the rising interest in organic milk among people in countries like the U.S., Canada, and European countries. Growing dairy cattle heads and investment by the farmers in high-quality feed led to increased production of dairy cattle feed across the region.
The United States has a huge commercial dairy industry presence and is highly adaptable to technological changes in the feed environment. According to the study conducted by Alltech in 2016, more than 10% of total compound feed in the United States was consumed by dairy cattle. Changing consumer preference towards organic milk is expected to boost the market for natural ingredients-based compound feed.
The global dairy cattle feed market is highly fragmented, with many players in the industry. Major companies in the global dairy cattle feed market are family-owned and focused on developing high shell life wet forages.
Some of the key players in the global dairy cattle feed market include Forrajes La Campiña S.L., SL Follen, Abatti Companies, and Prasad Feeds Pvt. Ltd.
Strategic collaboration between the regional and global companies to develop novel dairy cattle feed are the key strategies adopted by the major players in the global dairy cattle feed market.
In January 2019, Prabhat Dairy entered into a strategic alliance with Denmark-based DLG Group to develop high-quality vitamin-mineral feed.
In June 2019, Hatsun Argo Product Ltd acquired a cattle feed plant with 100 Tons per day in the Maharashtra state of India.