MARKET REPORT 64 FEED & ADDITIVE MAGAZINE February 2023 As different animal types have different nutritional needs, feeds often differ from one another. Compound cattle feed is one of the most important types of animal feed for a cattle's overall health. It includes a blend of concentrated ingredients, such as molasses, mixers, vitamins, minerals, grains, protein cakes, and agro-industrial by-products in suitable proportions. Also, cattle feed is a rich source of omega-3, fibres, acidifiers, carbohydrates, antibiotics, enzymes, and antioxidants. In other words, it contains protein, energy, minerals, and vitamins that animals require for growth, maintenance, and milk production. The primary aim of feeding quality feed to cattle Global Cattle Feed Market According to Agri-Food Outlook 2023 report, prepared by Alltech, global feed tonnage totaled 1.266 billion metric tons in 2022. 251.9 million tons of this is cattle feed. This corresponds to about 20 percent of the total compound feed production in the world. On the other hand, the global commercial scale of the cattle feed market is estimated to be between US$ 80 and 90 billion. According to the report of Future Market Insights, the value size of the global cattle feed market was US$ 81.7 billion in 2022. The market is anticipated to reach a market valuation of US$ 125.8 billion in 2032 reaching a CAGR of 4% during 2022-2032 forecast period. By Derya Yildiz
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