North America Feed Preservatives Market

North America Feed Preservatives Market Size (2024 to 2032)

The North American feed preservatives market was valued at USD 1.57 billion in 2023 and is anticipated to reach USD 1.71 billion in 2024 from USD 3.38 billion by 2032, growing at a CAGR of 8.91% from 2024 to 2032.

The market is forecasted to show evident potential in the mentioned period. The market continues to grow with increasing awareness about the feed management-related practices and customization of formulations to reduce costs in production and thus improve livestock health, which has led to an increase in the investments in higher quality feed products and hence in need for preservatives.

Feed Preservatives can be categorized into a bunch of feed additives like feed acidifiers, antioxidants etc. which are basically used for maintaining a better hygiene for livestock and thus improve their productivity. They are usually used for improvement of feed quality by increasing the nutritional content of the feed.

There are various factors responsible for driving the feed preservatives market and, hence, being responsible for the market exhibiting immense potential in the mentioned period. The key ones include regulatory requirements for improving feed quality, unpredictability of crop harvest patterns which lead to a need for feed storage. Further, Industrialization in the poultry sector across most developing markets has also been a major factor in the growth of the market. As far as restraints and challenges are concerned there has been just one key factor holding back the market from showing its potential lately, which is the limited profit margins of the End Product. Due to these low profits the market has been seeing lower investments than expected.

This research reports North American feed preservatives market segmented and sub-segmented into the following categories.

North America Feed Preservatives Market Analysis By Type

• Feed acidifiers
  • propionic,
  • formic,
  •  lactic
  • sorbic acid
• Mold inhibitors
  • propionates
  • benzoates
  • natamycin
• Feed antioxidants
  • BHA, BHT
  •  Ethoxyquin
• Anticaking agents

North America Feed Preservatives Market Analysis By Livestock

• cattle,
• poultry
• swine
• aquaculture
• other livestock

North America Feed Preservatives Market Analysis By Feed Type

• compound feed
• feed premix
• feed meal
• silage
• other feed types

Acidifiers, poultry and compound feed account for the largest market shares in their respective segments.

COUNTRY ANALYSIS

• The USA
• Canada
• Mexico
• Rest of North America

On the basis of geography, the North American market is analyzed under two countries, namely the United States and Canada.

KEY MARKET PLAYERS

Some of the major companies dominating the market, by their products and services include BASF SE, Nutreco N.V., Impextraco NV, Alltech Inc., E.I. Dupont De Nemours and Company, Novus International Inc., Biomin Holding GmbH, Perstorp Holding AB, Cargill Inc., Kemin Industries Inc.