Argentina Cattle Feed Market Research Report, 2029

The Argentine cattle feed market passes a season after season, bearing in it the bounty of vivacious farmers who narrate a story of adaptability and progress for the future of livestock nutrition. Argentina is one of the world's major exporters of soybeans and wheat, apart from meat. The country is one of the largest producers of wool and wine; however, most of its wine is consumed within the country. While agriculture represents one of the principal sources of export earnings for the country, it has shrunk to an insignificantly small portion of the overall GDP, and it only employs a miniscule fraction of the nation's workforce. Wheat is Argentina's largest crop in terms of harvested land area, and it is the principal crop in the cattle-raising south Pampas of the Buenos Aires and La Pampa provinces. Wheat and corn (maize) feature prominently in the north. Meanwhile, cultivation of corn and wheat started in the northern Pampas. At the end of World War II, foreign competition had reduced Argentine corn production by half, and increases have been slowly achieved since then. Half of Argentina's corn is produced for animal feed. Pampas planted in sorghum and soybeans have increased since 1960 and rank just after that of wheat and corn The Argentine cattle feed market is shifting under the influence of changing consumer preference as well as newer technologies. It now focuses on more intensive feeding while being sustainable in farming. Advances in feed formulations and precision feeding techniques mean that cattle farmers have now been able to optimize feed use with minimal waste. Moreover, feeds additives, such as probiotics and enzymes, are increasingly used on cattle farms to enhance digestion and the general health of the cattle. The market is also pushing toward sustainability by adopting alternative sources of feed, such as agro-industrial byproducts, that reduce the adverse environmental impacts of cattle farming. These developments highlight the concerns that Argentina has about its position as a significant beef producer worldwide and in competition with other producers worldwide. In recent years, there have been some very important developments that have altered the landscape of the cattle feed market in Argentina. Of these, the most important has been increased focus on sustainability practices, which would further reduce the environmental footprint of livestock production. As awareness of climate change sweeps the world, feed producers in Argentina have opted for ways of reducing their carbon footprint through alternative protein use and increased feed efficiency. According to the research report “Argentina Cattle feed Market Research Report, 2029," published by Actual Market Research, the Argentina Cattle feed market was valued at more than USD 2 Billion in 2023. The demand for quality beef sources will encourage Argentine cattle farmers to upgrade their production methods and thus increase demand for quality cattle feed. On the other hand, Argentina is a significant producer of key feed ingredients such as corn and soybeans, giving cost advantages to a local feed manufacturer. Access to such feeds with high quality and competitive prices will be easy for farmers, further bringing the market forward. Continuous investment in research and development has led to innovations in feed products and improved efficiency in cattle farming. Probably the greatest risk to farmers' profitability is the fluctuation of feed ingredient prices, particularly grains. Massive fluctuation in the cost of feed locally can result from fluctuation in the global market. Economic instability, in the form of high inflation and currency fluctuations, erodes the purchasing power of farmers, making it unviable for them to invest in up-to-date feed practices and technologies. The regulatory environment can also be an issue; support is there, but the government's regulations on feed composition and environmental standards will need the farmer to change at a pretty rapid pace-this is intimidating for small-scale producers with minimal capacity. The cattle feed market in Argentina is heavily impacted by the economic climate facing the country. While agriculture is one of the largest sectors in terms of its representation in GDP, the significant portion of that sector is comprised of livestock farming. Issues such as inflation and exchange rates, however, continue to pose challenges to farmers concerning matters of purchasing and profitability in their operations. These economic fluctuations affect the investment climate in this market as a whole, because uncertainty might deter investing in new technologies and sustainable practices. Stabilizing the economy will be important, but government policies aimed at stimulating and supporting the agricultural sector are crucial for the long-term viability of this market.

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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Argentina's cattle feed market consists of various types of cattle, which include dairy cattle, beef cattle, and calves. Dairy Cattle feeds primarily comprise high-energy grains and protein supplements to enhance milk production. The Holando-Argentina breed is especially relevant in this context as it is bred for both milk and meat hence forth extremely focused on the nutrient-rich pastures of Pampas. The dairy feed produced is around 5.7 million tons annually; it reflects an indication that demand in the domestic and export markets for dairy produce remains high. Argentine beef cattle are typically fed on grass; traditionally it has been a grass-fed system and produced excellent quality and flavor profiles. Lately it is becoming much more intensive, including feed lots and grains as maize and sorghum to cope with increasing global consumption. Argentina ranks among the top countries in global per capita beef consumption at about 55 kg per head per year and is third in the world as exporter of beef. The market of beef cattle feed is estimated at approximately 2.2 million tons per year and focuses on breeding for quality meat with the use and advancement of feeding technologies. At this stage, calves are in the growth stage and thus require certain feeds high on protein and energy to achieve robust growth. This stage is the determining factor of subsequent milk or beef production. There are milk replacers and starter feeds that make up most of the feeds that a young calf takes at this stage, with the aim of ensuring the growth rate takes place healthily. The Argentina cattle feed market is significant and growing, with the country being among the world's premier beef producers and exporters. Major categories that comprise this market are cereals/grains, protein meals/cakes, additives, forages, and others. Among them, cereals and grains like corn and sorghum constitute the basic energy sources for cattle feeds and are produced in Argentina. The demand for these ingredients is strong, especially in the extensive beef and dairy sectors of the country. Protein meals and cakes, including soybean meal and sunflower meal, are key to meeting protein requirements for animals. Argentina plays a prominent role in global soybean production, so the supply of soybean meal is assured, significantly driving the growth in this segment. The additives market is registering significant growth in Argentina. Additives in the category are vitamins, minerals, amino acids, probiotics, and enzymes to be used in order to enhance animal health, nutrition, and performance. The need for alternative additives that improve both growth and feed efficiency has been increased due to growing awareness on animal nutrition and reduction of antibiotics. Rich feed manufacturing technologies and research capabilities are present in the country, which supports this very market growth. Forages constitute a significant share of the cattle feed market in Argentina and place huge emphases on natural pastures and cultivations of forages such as alfalfa, silage, and hay. First, forages provide a basis of fiber and nutrition that can stimulate superior rumen health and performance by the cattle. Second, the varied climate and expansive agricultural areas in Argentina have excellent conditions for the quality production of forages. Apart from those, rotational grazing and pasture management practices improve the sustainability and productivity of cattle operations. Drivers for the forages segment include the rising demand for quality beef and increasing cattle productivity. Other feed ingredients used in the Argentina cattle feed market include tubers, molasses, and others such as distillers grains and citrus pulp. Utilization of feed ingredients is supported by the factors of feed diversification, cost optimization, and availability of feed materials. However, factors that further catalyze this are popular use of advanced formulations as well as the applications of precision feeding technologies to increase feed efficiency with reduced waste generation. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Kripa Shah

Senior Analyst

Aspects covered in this report • Cattle Feed market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Dairy Cattle • Beef Cattle • Calves • Others By Ingredients • Cereals/Grains • Protein Meals/ Cackles • Additives • Forages • Others The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

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Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Cattle Feed industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry. ?