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North America Feed Additives Market Research Report - Segmented By Type, Livestock and Country (The U.S., Canada and Rest of North America) - Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from 2023 to 2028

Published: March, 2023
ID: 277
Pages: 145
Formats: report pdf report excel report power bi report ppt

North America Feed Additives Market Size (2023 to 2028)

The North America feed additives market is expected to garner a compound annual growth rate (CAGR) of 4.92% during the forecast period and the North American market size is expected to be valued at USD 17.4 billion by 2028 from USD 13.68 billion in 2023.

The growth in the increased consumption of animal-sourced products and the mass production of livestock in nations like the United States propels the growth of the feed additives market in North America. One of the major driving factors that help the growth of the North America Feed Additives market is the increased industrial livestock production. An increase in the demand and consumption of livestock-based products such as dairy & dairy-based products, meat, and eggs is another major growth factor of the North American Feed Additives market. The growing consumption of meat in the United States is also one of the major growth factors of the Feed Additives market in the North American nations.

Strict regulations required for approving new products into the market is a growth affecting factor of North America Feed Additives market. The sustainability of North America Feed and livestock is one of the major challenging factors that is limiting the expansion of the North America feed additives market.

Impact of COVID-19 on North America feed additives market:

The corona virus has impacted every sector like restaurants, manufacturing units, flights, traveling and so many sectors to halt their services. This pandemic has impacted the businesses mainly in three ways, namely effect on the production, disruption in the supply chain, and financial impact.

Due to the COVID-19, the North America Feed Additives market is also facing difficulties and caused huge financial losses for the manufacturing industries due to the financial crisis they had faced. Industry experts are predicting that the market will boost up and will be back to the normal stage once the vaccine has been released. In most countries, the government has already lifted the lockdown and given permission for manufacturing companies to start their businesses with strict rules and regulations. As the companies have started their manufacturing units, the market of North America Feed Additives will get back to the normal stage and also get profits in the near future.

This research report on the North America feed additives market has been segmented and sub-segmented into the following categories.

North America Feed Additives Market – By Type:

  • Vitamins
  • Acidifiers
  • Amino acids
  • Phosphates
  • Carotenoids
  • Enzymes
  • Mycotoxin detoxifiers
  • Flavors & sweeteners
  • Antibiotics
  • Minerals
  • Antioxidants
  • Non-protein nitrogen
  • Phytogenics
  • Preservatives
  • Probiotics

Among these, the mineral segment holds the major share of the market in terms of volume as they are essential for sustaining and improving the health of the livestock.

North America Feed Additives Market – By Livestock:

  • Ruminants
    • Dairy
    • Beef
    • Calf
    • Goats
    • Sheep
  • Poultry
    • Broilers
    • Layers
    • Breeders
  • Swine
  • Aquatic animal
  • Others such as equine and pets

North America Feed Additives Market – By Form:

  • Dry
  • Liquid

Among these, the dry segment holds the major share of the market as they are having high demand among livestock producers as they are easy to mix the feed and easy to handle and store in this area.

North America Feed Additives Market – By Source:

  • Natural
  • Synthetic

North America Feed Additives Market – By Country:

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

North America region is expected to have the second-largest share of the feed additives market owing to a hike in the demand and consumption of livestock-based products such as meat, dairy products etc., which propels the development of the North America Feed Additives market.

KEY MARKET PARTICIPANTS:

Some of the key players of North America Feed Additives market are DowDuPont (US), ADM (US), Evonik (Germany), BASF (Germany), DSM (Netherlands), Solvay (Belgium), Ajinomoto (Japan), Novozymes (Denmark), Cargill (US), InVivo (France), Nutreco (Netherlands), Kemin (US), Adisseo (France), Chr. Hansen (Denmark) and Alltech (US).

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