North America animal feed additives market in North America is expected to grow from US$ 8,132.01 million in 2021 to US$ 12,339.03 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028.
Industrial livestock production has undergone a significant transformation due to the advancements in antibiotics and animal vaccinations. The increasing demand for meat-based products propels the production of industrial livestock. Livestock products account for 16% of energy and 34% of the protein in human diets. Also, livestock production accounts for around 19% of the value of food production and 30% of the global value of agriculture. The surge in demand for livestock products subsequently affects the demand for animal feed and feed additives. For feed mills and integrated feed mills, nutritional additives help improve sustainability, performance, and overall animal health. The additives offer improved gut performance that reduces the need for harmful antibiotics. Phytogenic, acidifiers, and aquaculture are a few examples of additives for gut health. The demand for such additives is growing, especially after the ban on antibiotics as an additive. Therefore, the high demand for livestock products drives the animal feed additives market.
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The US has the highest number of confirmed cases of COVID-19, as, compared to Canada and Mexico. This is likely to impact the animal feed industry in the region as, due to the COVID-19 outbreak, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth. Moreover, more than half of the population in the US is fully vaccinated which is expected to benefit the manufacturing operations in the country and therefore ensure uninterrupted production. Over the forecast period, the US market is expected to be stable due to the proactive measures implemented by the government, thereby ensuring continuous demand from end users. Therefore, North America is expected to suffer low impact over forecast period as well.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America animal feed additives market. The North America animal feed additives market is expected to grow at a good CAGR during the forecast period.
North America Animal Feed Additives Strategic Insights
Strategic insights for the North America Animal Feed Additives provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
key company profiles
Cargill, Incorporated
Archer-Daniels-Midland Company
Evonik Industries AG
Land O’Lakes, Inc
Nutreco N.V
Alltech
DuPont de Nemours, Inc.
DSM
Novozymes
Kemin Industries Inc.
North America Animal Feed Additives Regional Insights
The geographic scope of the North America Animal Feed Additives refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
