The North American feed preservatives market size is expected to reach USD 1.71 billion in 2024 and is anticipated to reach USD 2.62 billion by 2029, growing at a CAGR of 8.91% from 2024 to 2029.
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.
Acidifiers, poultry and compound feed account for the largest market shares in their respective segments.
On the basis of geography, the North American market is analyzed under two countries, namely the United States and Canada.
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.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1400
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region