North America Animal Feed Additives Market Size
North America Animal Feed Additives Market size exceeded USD 6 billion in 2021 and is estimated to grow at over 4% CAGR between 2022 and 2028 owing to the increasing consumption of meat and dairy products in the region.
To get key market trends
Additives for animal feed are compounds meant to raise the quality of feed products so as to maximize animal performance and health. Increasing demand for certain feed additives including antioxidants, enzymes, flavors, sweeteners, and probiotics among others should reflect growing desire to improve the digestibility of feed materials. Among other uses, meat, dairy, and agriculture make advantage of livestock.
Rising demand for meat of several cattle animals, including broiler, turkeys, beef, and swine, among others, could encourage local market expansion. Meat demand is probably going to rise as working population grows, food and beverage sector expands, and foodservice sector develops. This will help to drive North America animal feed additive market growth over the forecast period.
| Report Attribute | Details |
|---|---|
| Base Year | 2021 |
| North America Animal Feed Additives Market Size in 2021 | 6.0 Billion (USD) |
| Forecast Period | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR | 4% |
| 2028 Value Projection | 8 Billion (USD) |
| Historical Data for | 2017 to 2020 |
| No. of Pages | 315 |
| Tables, Charts & Figures | 279 |
| Segments covered | Product, Livestock |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Furthermore projected to boost the North America animal feed additive market share is more efforts by the U.S. government to support the expansion of meat industry in the area. For instance, the USDA revealed in July 2021 an investment of USD 500 million for the expansion of meat and poultry processing capacity to raise competitiveness in agricultural markets and build a more resilient supply chain and better food system in the United States.
North America Animal Feed Additives Market Analysis
Learn more about the key segments shaping this market
Rising at a CAGR of over 4.5%, the North America animal feed additive market from enzymes is expected to reach USD 240 million by 2028. Many advantages provided by enzymes include their capacity to boost the absorption rate of nutrients in the stomach, raise the volume of meat or eggs for swine and poultry, reduce cattle diseases, and enable appropriate digestion of the feed should drive market growth throughout the projection period.
Furthermore influencing the North America animal feed additive market growth from enzymes in the region include growing meat consumption in the area, developing food processing and foodservice industry, population increase, and consumer spending power. Rising consumer knowledge of the need of encouraging weight increase and enhancing general animal health should support market expansion over the next years.
Learn more about the key segments shaping this market
The North America animal feed additives market from sweeteners was valued at over USD 25 million in 2021 and is expected to grow at a CAGR of over 3% during the forecast period. Growing awareness regarding the need to improve feed palatability and increase feed intake among poultry, swine, and pets should raise the product demand from animal feed applications in the region over the forecast period.
Additionally, rising adoption of pets and increasing awareness regarding the importance of good pet health and optimum nutrition should boost the growth for sweeteners from animal feed applications during the forecast period. Furthermore, growing demand for processed meats is likely to encourage livestock owners to increase the yield from livestock animals by increasing feed intake and improving digestion.
Looking for region specific data?
The growing milk production and demand for dairy products in North America is likely raise the demand for feed additives from cattle livestock. The cattle livestock segment was valued at over USD 1.16 Billion in 2021 and is expected to grow at a CAGR of over 4% during the forecast period. According to USDA Economic Research Service, in 2021 the annual milk production in the U.S. was around 226.27 billion pounds, which shows a considerable growth potential for the animal feed additives market in the region.
Rising demand for various milk-based products such as beverages, ice-creams, curds and yoghurt, among others should raise the demand for feed additives from cattle feed, driving the market growth in the region over the forecast period. Increasing need to produce high quality milk, increase productivity of cattle and improve the overall yield of milk from cattle should foster market growth.
Presence of a large number of taste buds in cows is likely to widen the application scope for flavors in their feed, resulting in high feed intake, in turn improving their performance & productivity. Rising awareness among cattle owners regarding the need to supply their cattle with high-quality essential nutrients such as proteins & amino acids should further raise the demand for animal feed additives from cattle feed.
North America animal feed additives market from aquaculture livestock is anticipated to reach over USD 225 million by 2028. The growing seafood market in the region owing to rise in specialty restaurants, increasing spending capacity of consumers, and growing consumer awareness regarding importance of consuming protein-rich foods is likely to drive market growth.
Increasing tendency towards consumption of seafood owing to growing awareness regarding the importance of consuming protein-rich diets is likely to raise the need for nutritious aquaculture feed for obtaining a high grade of marine livestock. The progressing aquaculture business with the development of species-specific diets should enlarge the scope for additives in aquaculture feed.
North America Animal Feed Additives Market Share
The North America animal feed additives industry is competitive with key players such as
- Kemin Industries
- Royal DSM
- Novus International
- Phibro Animal Health Corporation
- Adisseo
- Evonik
- BASF
- Archer Daniel Midland
- Cargill
Key players are aiming at developing and launching new and innovative products to carve out a niche in the market and further strengthen their position in the market.
For instance, in March 2019, BASF launched a new product Natuphos E, a next generation phytase utilized in livestock feed. The strategic initiative was aimed to enhance the company’s product portfolio. In December 2021, BASF introduced Natupulse TR, an innovative feed enzyme for animal feed. The strategic initiative was aimed to enhance the company’s product offerings.
Besides, companies are also entering into partnerships with other market players to enhance sustainability in their production processes. In October 2021, BASF and Cargill further extended their existing partnership for the development, production, and marketing of innovative enzyme-based solutions for the animal feed industry. The strategic aim of both the companies was to reduce nutrient waste, improving feed efficiency, and promote animal growth and wellbeing.
The North America animal feed additives market report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Kilo Tons) and revenue in USD (Million) from 2022 to 2028 for the following segments
Click here to Buy Section of this Report
By Product
- Antioxidant
- Natural
- Synthetic
- Pigments
- Synthetic Red
- Natural Red
- Synthetic Yellow
- Natural Yellow
- Others
- Enzymes
- Phytase
- Non-starch polysaccharides
- Flavors
- Natural
- Synthetic
- Sweeteners
- Natural
- Synthetic
- Probiotics
- Lactobacilli
- Bacillus
- Bifidobacterium
- Streptococcus
- Others
- Vitamins
- Vitamin A
- Vitamin C
- Vitamin D
- Vitamin E
- Vitamin K
- Vitamin B1
- Vitamin B2
- Vitamin B6
- Vitamin B12
- Biotin
- Folic acid
- Niacin
- Caplan
- Amino acids
- Lysin
- Methionine
- Threonine
- Tryptophan
- Others
- Acidifiers
- Propionic acid
- Malic acid
- Lactic acid
- Formic acid
- Others
By Livestock
- Poultry
- Broilers
- Layers
- Turkey
- Others
- Cattle
- Dairy
- Beef
- Calf
- Others
- Swine
- Pet
- Aquaculture
- Salmon
- Trout
- Shrimps
- Others
- Others
- Ruminant
- Equine
The above information has been provided for the following regions
By Country
- North America
- U.S.
- Canada
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy