North America Feed Ingredients Market

North America Feed Ingredients Market Size (2024 to 2029):

The North American feed ingredients market size is expected to reach USD 46.45 billion in 2024 and reach USD 61.63 billion by 2029, growing at a CAGR of 5.82% from 2024 to 2029. 

A feed ingredient is a single component or a mixture of different components added to the feed. The ingredients are selected for their nutritional value, non-toxic effects and also based on their cost. The primary nutrients that are essential for animals and will definitely be a part of the feed are proteins, vitamins, and minerals. Along with these sources of starch and fiber content are also added.

The ingredients generally include cereals, by products from mills and any other nutritional sources. By products from plants and animals and those which are not suitable for human consumption also find their way into animal feed. Ingredients which make the animals consume more feed or those which make them take food voluntarily are also included in the feed. Micronutrients required for the animals are also being manufactured in recent years.

Increasing food safety concerns, especially regarding the quality of meat and animal products, is the major factor driving the growth of feed ingredients markets. Increasing demand for nutritional feed for animals, rising number of animal infections, the thriving trend of nurturing companion animals, and requirements of farmers to increase the production as well as the rate of production of meat are expected to propel the market. However, stringent regulations on meat and its products by international agencies and a lack of awareness among many farmers regarding the feed requirements of the animals are restraining the market growth.

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

North America Feed Ingredients Market – By Ingredient Type:

• Cereals
• Protein Meal
• Fats and Oils
• Feed additives
• others

Cereals hold the largest market share in this segment. This is because cereals have high protein content, starch content, and small amounts of minerals. Cereals are further segmented into Wheat, Corn, Barley, Sorghum, Rye and others. Corn is dominantly used in animal feed in several countries. However, it also depends upon the availability and cost of that particular cereal in the country. Protein Meals are further categorized into Plant protein sources and Animal Protein Sources.

North America Feed Ingredients Market – By Supplement Type:

• Vitamins
• Enzymes
• Antibiotics
• Antioxidants
• Minerals
• Others
  • sweeteners
  • acidifiers
  • amino acids
  • flavors

Vitamins and minerals are the most important supplements required for animals.

North America Feed Ingredients Market – By Animal Type:

• Poultry
• Ruminants
• Swine
• Aquaculture
• others

North America Feed Ingredients Market – By Country:

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

On the basis of region, the North America feed ingredients market is categorized into U.S.A and Canada. North America is the second largest market for feed ingredients market. U.S.A leads the market in this region. It is due to the presence of several feed manufacturing companies and due to the awareness of the farmers regarding the nutritional requirements of the animals.

KEY MARKET PLAYERS:

Some of the major players in the feed ingredients market are BASF, Adisseo, Bunge, Cargill, Ingredion Incorporated, DSM, Novus International Inc., Alltech, Archer Daniels Midland Company, and Yara.