North America Specialty Animal Feed Additives Market Size
North America specialty animal feed additives market size exceeded USD 217 million in 2019 and is estimated to grow at over 4.1% CAGR between 2020 and 2026. Strong application potential for overcoming nutritional deficiency in livestock feed is likely to drive North America specialty animal feed additives industry demand.
To get key market trends
Comprising amino acids, antioxidants, vitamins, trace minerals, salts, and antibiotics to enable a healthy rate of growth, a feed additive is a nutritional supplement for farm animals By means of improved digestibility of the feed components, these items used in animal nutrition help to improve feed quality, performance, and health. The North America specialty animal feed additive market demand should be driven by a positive attitude towards development in cattle, poultry, swine, and aquaculture.
| Report Attribute | Details |
|---|---|
| Base Year | 2019 |
| North America Specialty Animal Feed Additives Market Size in 2019 | 217.4 Million (USD) |
| Forecast Period | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR | 4.1% |
| 2026 Value Projection | 286.9 Million (USD) |
| Historical Data for | 2015 to 2018 |
| No. of Pages | 210 |
| Tables, Charts & Figures | 233 |
| Segments covered | Product, Livestock, Country |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Important animal nutrition, animal feed additives improve feed quality and yield and hence influence animal performance and health. For maximum performance and health, animal feed additives aid to balance gut flora with control of microbial population in gastrointestinal (GI) tract. It kills dangerous bacteria and stimulates the growth of good microorganisms, therefore enhancing gut health and a strong digestive and immunological system. Strong application prospects in aquaculture, swine, ruminant, poultry, and turkey will drive the growth of the North America specialized animal feed additive market.
Growing meat and meat products consumption mostly in the United States due to development in cattle production combined with simple availability of meat products due to effective distribution channel such supermarkets and retail stores is projected to fuel the North America market expansion. For example, between 2017 and 2018 the total meat production in the United States rose from 45.8 million tons to 46.8 million tons, showing a roughly 2.2% rise.
Rapid increase in the industrial production of chicken animals and processed meat sector would increase the usage of feed additive products like encapsulated methionine, sulfate based minerals, DCAD products, chromium propionate, tribasic copper chloride, hydroxy vitamin D. Rising financial support for farmers to run supporting agribusinesses like livestock and poultry will help to boost North America specialty animal feed additive market trends by increasing cost effectiveness and efficient animal nutrition products demand.
North America Specialty Animal Feed Additives Market Analysis
Learn more about the key segments shaping this market
Product-based North America market segmentation includes chromium propionate, tribasic copper chloride, DCAD products, sulfate-based products, and encapsulated methionine products. In 2019, encapsulated methionine is expected to generate sales across 3.5 kilo tons. For ruminant diets, encapsulated form methionine is a great source of rumen bypass and intestinally released methionine. An indispensable amino acid utilized as a building block for proteins, it is hence a basic component of the health and welfare of dairy and beef cattle.
The amount of metabolizable methionine provided varies greatly among feedstuffs, nutritional intakes, and forages, which can affect milk and milk component output. Feed processors are using encapsulated methionine more and more to solve this since it combines ruminal escape with high intestinal digestibility to produce one of the most reasonably priced sources of methionine for dairy and beef cattle. Furthermore enabling more flexibility in ration formulation and helping to maximize manufacturing is the product.
Learn more about the key segments shaping this market
When it comes to Animal feed additives in North America, farmers have a lot of options depending on what animals they're raising. They can choose additives for poultry, fish, cattle, or pets. Poultry feed additives are really popular, with the market expected to grow over 4.5% each year until 2026. These additives help improve how well chickens lay eggs, grow, and use their feed. Farmers also like to use them because they make the meat and eggs healthier for us to eat. As farmers get better at feeding their animals and use more advanced breeding techniques, the demand for Animal feed additives is only going to keep growing.
As per the industry estimates, the poultry consumption is increasing significantly at a growth rate of over 2-3%. Robust growth is due to the growing meat & egg consumption with an increase in middle-class income. Low product price & production costs and short production cycle are the major driving factors. Demand for traditional delicacies across U.S. and Canada during festive seasons will further propel the North America specialty animal feed additives market statistics
Looking for region specific data?
The market for special animal feed additives in the United States is expected to top $215 million by 2026. Why? Because we're eating more beef! Our beef exports have been soaring, giving exporters a chance to cash in. Did you know the U.S. produces a whopping one-third of the world's beef feed? And get thiswe're the second-largest producer of pet food, making up about 31.5% of the global demand. Our farmers are feeding the world! Our poultry and meat exports are helping put food on tables all over the globe.
The U.S. has exported approximately 147,800 head of cattle majorly to Canada, Russia, and Mexico by November 2018. It has also exported 2.35 billion pounds of beef until November 2018 with a growth of 13.3% from 2017. The top destination of the U.S. beef exports is Japan, followed by Mexico and South Korea. The U.S. meat exports have a zero-tariff market access to both Mexico and Canada under the North American Free Trade Agreement. In 2017, the beef exports to Canada and Mexico contributed to 25% of the total beef market valued at USD 1.8 billion
North America Specialty Animal Feed Additives Market Share
The North America specialty animal feed additives market is highly consolidated due to the presence of a large number of regional & global players. The key players include Kemin Industries
- Royal DSM
- Novus International
- Phibro Animal Health Corporation
- Adisseo
- Evonik
- Cargill.
Several key market companies are working on new products launches, and industrial capacity expansions as their key strategies to expand their foothold in the industry.
Companies are focusing on novel product development and sustainable feed technology to ensure complete nutrition supported by disease resistance. This factor is likely to reduce trade losses and provide high quality. The rising demand for milk and milk products will propel the industry in this segment. The rise in the consumption of red meat may further drive the animal feed organic trace minerals market. Positive attributes toward the livestock industry, such as increasing demand for high-quality meat, growing income of the middle-class population, and the need to meet the demand-supply gap, are expected to propel product demand.
The North America specialty animal feed additives market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD thousand from 2015 to 2026, for the following segments
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By Product
- Encapsulated Methionine
- Sulfate based minerals
- Copper
- Zinc
- Manganese
- Chromium propionate
- Tribasic copper chloride
- DCAD products
By Livestock
- Poultry
- Layers
- Broilers
- Turkey
- Aquaculture
- Salmon
- Trout
- Shrimps
- Pork/Swine
- Cattle
- Dairy
- Calf
- Beef
- Others
- Pets
The above information has been provided for the following region and countries
- North America
- U.S.
- Canada
- Mexico
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