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North America Poultry Feed Premix Market Size, Share, Trends, COVID-19 Impact And Growth Forecasts Report – Segmented By Ingredient Type, And By Country (The U.S and Canada) - Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 547
Pages: 145
Formats: report pdf report excel report power bi report ppt

North America Poultry Feed Premix Market Size (2024 to 2029)

The North American poultry feed premix market is expected to be valued at USD 0.95 billion in 2024 and reach USD 1.18 billion by 2029, growing at a CAGR of 2.75% from 2024 to 2029.

Poultry feed premix is created chemically and microbiologically to increase the nutritious value of feeds in order to improve their effect on farm animals. They help improve the appetite, digestion, and feed intake of animals. They offer distinctive nutritional benefits that allow the producers to maximize their productivity.

Poultry is the most widely consumed meat in the world and its production is more than any other meat category. Poultry Feed Premix has become a vital part of the globally increasing livestock industry and meat production industry.

The major growth driver in the North American market is the strong demand for high-quality meat from the meat processing industry. The swing in consumption patterns from red meat to white meat, particularly in North America, has further led to an enlarged demand for poultry meat. Lack of flexibility in diet formulation, increasing costs of raw materials and operations, and dearth of knowledge regarding the quality of the supplemental ingredients to be used in Poultry feed premix are the major restraining factors for this market.

This research report on the North American poultry feed premix market is segmented and sub-segmented into the following categories.  

North America Poultry Feed Premix Market – By Ingredient Type:

  • Minerals
  • Antibiotics
  • Vitamins
  • Amino Acids
  • Other Ingredients

The vitamins segment leads the Poultry Feed Premix market, followed by the minerals segment. Vitamins and minerals have been gaining substantial growth, as they serve as a vital factor in enhancing the growth of livestock and in the growth of the immune system. The reputation of trace minerals such as zinc, manganese, iodine, and selenium for their functional benefits leads to the strong growth of this segment along with vitamins.

North America Poultry Feed Premix Market – By Region:

  • The U.S
  • Canada

The North American market, which has the largest consumer base in the world, has been geographically segmented into segmented into US and Canada. Poultry is the largest consumer of feed premixes in North America. USA leads the market in this region and is the major market for the Poultry feed premix industry with a share of almost 35%. The North American market is focused on innovating cost-effective production processes. Companies are committed to research, sourcing, quality, and education in providing nutritional technologies that are central to the success of customers.

KEY MARKET PLAYERS:

Some of the major companies dominating the market in this region are Cargill, Koninklijke DSM N.V., Nutreco N.V., Archer Daniels Midland Company, and InVivo Nutrition et Sante Animales. Existing companies such as DSM and Nutreco have been actively involved in the acquisition of regional suppliers and ingredient manufacturers in these regions to strengthen their market presence.

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FAQ's

What is the current size of the North America Poultry Feed Premix Market?

As of the latest data, the North America Poultry Feed Premix Market is valued at USD 1.03 million in 2024.

Which factors contribute significantly to the growth of the Poultry Feed Premix Market in the United States?

Key factors contributing to market growth in the United States include the increasing demand for high-quality poultry products, a focus on animal nutrition, and advancements in feed premix formulations.

How does the prevalence of specific poultry diseases influence the use of feed premixes in Canada?

In Canada, the prevalence of specific poultry diseases drives the demand for feed premixes with targeted additives, such as vitamins and minerals, to support immune health and disease prevention.

Are there specific regulations governing the composition of poultry feed premixes in the United States?

In the United States, the composition of poultry feed premixes is governed by regulations set by organizations such as the FDA and AAFCO, ensuring product safety and efficacy.

How does consumer demand for antibiotic-free poultry products impact feed premix formulations in Canada?

In Canada, the demand for antibiotic-free poultry products influences feed premix formulations, leading to the development of alternatives such as herbal additives and probiotics.

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