Market Overview and Dynamics
The North America animal feed market is expected to reach US$ 118,570.29 million by 2027 from US$ 85,635.32 million in 2018. The market is anticipated to grow with a CAGR of 3.6% from 2019 to 2027. Rise in industrial livestock production and increasing demand for protein rich animal feedare some of the factors driving the market growth in North America. However, implementation of stringent regulations on animal husbandry is likely to have a negative impact on the market growth.
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Market Introduction
The food given to domestic or farm animals in the course of animal husbandry is called an animal feed. Fodder and forage are the two main types of animal feed. Animal feed is mostly of vegetarian origin prepared for farm animals. The supply of good quality animal feed ensures improvements such as production, metabolism, and health responses in animals. Corn, soybeans, barley, and oats are some vital ingredients used in the making of animal feed.
North America Animal Feed Strategic Insights
Strategic insights for the North America Animal Feed 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.
North America Animal Feed Report Scope
| Attribute | Details |
| Market Size in 2018 | US$ 85,635.32 Million |
| Market Size by 2027 | US$ 118,570.29 Million |
| Global CAGR (2019 – 2027) | 3.6% |
| Historical Data | 2016-2017 |
| Forecast Period | 2019-2027 |
| Segments Covered | By Form (Pellets, Crumbles, Mash) |
| By Livestock (Poultry, Ruminants, Swine, Aquaculture) |
| Regions and Countries Covered | North America (US, Canada, Mexico) |
| Key Market Leaders | Archer Daniels Midland Co., Cargill Inc., Charoen Pokphand Foods Plc, Evonik Industries AG, Land O’Lakes, Inc., New Hope Group Co. Ltd., Nutreco NV, Perdue Farms, Inc. |
North America Animal Feed Regional Insights
The geographic scope of the North America Animal Feed 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.
Effect of COVID-19 on North America animal feed market
The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. The North American food and beverage industry is adversely affected as it is facing various disruptions such as supply chain breaks, lockdowns, travel bans, and business shutdowns. The US has the highest number of confirmed cases of COVID-19, compared to Canada and Mexico. This is likely to impact the food and beverages industry in the region, which in turn affect the supply chain of the goods. Additionally, the delay in overall manufacturing processes, research, and development activities will also impact market growth.
Key Market Segments
In terms of form, the pellets segment is expected to hold the largest share of the animal feed market by 2027. In terms of livestock, in 2018, the poultry segment held the most significant share of the animal feed market in North America.
Major Sources and Companies Listed
Some of the major primary, secondary sources, and companies for North America animal feed market included in the report are Archer Daniels Midland Co., Cargill Inc., Charoen Pokphand Foods Plc., Evonik Industries AG, Land O’Lakes, Inc., New Hope Group Co. Ltd, Nutreco NV and Perdue Farms, Inc.
Reasons to buy the report
- Understanding the North America animal feed market landscape and identifying market segments that are most likely to guarantee a strong return
- Staying ahead of the race by comprehending the ever-changing competitive landscape for North America animal feed market
- Efficiently planning merger and acquisition, and partnership deals in North America animal feed market by identifying market segments with the most promising probable sales
- Making knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment of the North America animal feed market
- Obtaining market revenue forecast for animal feed market in North America by various segments from 2018 to 2030
North America Animal Feed Market Segmentation
| Category | Subcategory |
| By Form | Pellets, Crumbles, Mash, Others |
| By Livestock | Poultry, Ruminants, Swine, Aquaculture, Others |
| Company Profiles | Archer Daniels Midland Co., Cargill Inc., Charoen Pokphand Foods Plc., Evonik Industries AG, Land O’Lakes, Inc., New Hope Group Co. Ltd., Nutreco NV, Perdue Farms, Inc. |
| By Country | US, Canada, Mexico |
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
