North America Compound Feed Market

North America Compound Feed Market (2023 to 2028)

The North American compound feed market is expected to be valued at USD 121.90 billion in 2023, to reach USD 131.10 billion by 2028, and is estimated to be growing at a CAGR of 1.30% during the forecast period from 2023 to 2028.

The North American compound feed market is developing at a significant rate due to the increase in the livestock population. Compound feed is a combination of raw materials and supplements sourced from either plants or animals, fed to the livestock orally. The most commonly used raw materials are soybean, corn, barley; wheat and sorghum. The most common additives used to form compound feed are minerals, amino acids, antibiotics, and colorants. Compound feed has become an essential part of the globally increasing livestock and meat production industries. The end users of the compound feed are poultry, pigs, ruminants, fish, etc.

The growth of the North American compound feed market is mainly due to factors such as the growth in meat consumption and a surge in awareness towards meat quality and safety. Increase in consumer awareness about the benefits of organic food and meat led to an increase in consumption which in turn lead to an increase in demand for organic feed. The North American governments have imposed a ban on the use of antibiotics as a growth promoter. The ban has led livestock producers in these regions to identify new ways to stimulate production and deliver the same benefits provided by antibiotic growth promoters at an affordable price.

Increasing costs of raw materials and operations are the major restraining factors for this market.

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

North America Compound Feed Market - By Ingredients:

• Cereals
• Cereals by-Product
• Oilseed Meal
• Oil
• Molasses
• Supplements
• Others

North America Compound Feed Market - By Supplements:

• Vitamins
• Antibiotics
• Antioxidants
• Amino Acids
• Feed Enzymes
• Feed Acidifiers
• Others

North America Compound Feed Market - By Animal:

• Ruminant
• Swine
• Poultry
• Aquaculture
• Others

Poultry, pork, and cattle are the largest consumers of compound feed in this region, accounting for the major share of the overall compound feed market. Cereals are the most widely used ingredients in compound feed, whereas Vitamins are the most widely used additives, accounting for around 25% of the total feed additives market.

North America Compound Feed Market - By Country:

• The U.S.
• Canada
• Rest of North America

The North American market, which has the largest consumer base in the world, has been geographically segmented into the US and Canada. The USA leads the market in this region. The poultry segment is emerging as an important livestock segment for the consumption of feed additives, followed by swine and cattle, because of the increase in demand for poultry meat consumer taste predilections. The U.S. is one of the leading consumers of compound feed in the North American market, with a share of nearly 15% of the global compound feed market.

KEY MARKET PLAYERS:

Cargill Inc, Charoen Pokphand Foods, Archer Daniels Midland Company, Land o’ Lakes, Inc, Nutreco, ALLTECH, INC, New Hope Group Co. Ltd, Wen’s Group, ForFarmers B.V, Agribusiness Holding Miratorg, Kyodo Shiryo Company, Sodrugestvo Group S.A, DeKalb Feeds, Inc, De Heus B.V, BallanceAgri-Nutrients Ltd, J.D. Heiskell & CO, Kent Feeds, Weston Milling Animal Nutrition, EWOS GROUP, Are some of the major key players involved in the North America compound feed market.