Market Overview and Dynamics
The North America animal feed market is projected to grow from US$ 85,635.32 million in 2018 to US$ 118,570.29 million by 2027, registering a CAGR of 3.6% during the forecast period (2019–2027).
Key factors driving market growth include:
- The rise in industrial livestock production, supporting higher output efficiency and yield.
- Increasing demand for protein-rich animal feed, aligned with rising consumer awareness of animal nutrition and quality meat production.
However, stringent regulatory frameworks on animal husbandry practices are expected to pose challenges to market expansion.
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Impact of COVID-19
The COVID-19 pandemic, which began in Wuhan, China in December 2019, disrupted the global economy, with North America’s food and beverage sector severely affected. The region experienced:
- Supply chain interruptions, lockdowns, and operational shutdowns.
- Manufacturing delays and a slowdown in research and development activities, hampering consistent production and innovation in animal feed.
- The US reported the highest number of COVID-19 cases in the region, further straining the industry and its related logistics and distribution channels.
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.
Key Market Segments
- By Form:
The pellets segment is anticipated to dominate the market by 2027, driven by ease of storage, handling, and digestibility. - By Livestock:
In 2018, the poultry segment accounted for the largest market share, attributed to high demand for poultry products and rapid adoption of formulated feed.
Key Players and Industry Sources
Leading companies in the North America animal feed market include:
- 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.
Primary and secondary research sources have been leveraged to ensure accuracy and reliability of market insights.
Reasons to Purchase This Report
- Gain a comprehensive understanding of the North America animal feed market landscape.
- Identify high-growth segments that offer strong return on investment.
- Stay competitive by tracking industry trends and evolving competitive dynamics.
- Plan strategic mergers, acquisitions, and partnerships based on in-depth segment analysis.
- Make informed decisions through detailed performance analysis of market segments.
- Access revenue forecasts from 2018 to 2030 across various product forms and livestock categories.
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.
key company profiles
ď‚·Â Archer Daniels Midland Co.
ď‚·Â Cargill Inc.
ď‚·Â Charoen Pokphand Foods Plc
ď‚·Â Evonik Industries AG
ď‚·Â Land O’Lakes, Inc.
ď‚·Â New Hope Group Co. Ltd.
ď‚·Â Nutreco NV
ď‚·Â Perdue Farms, Inc.
North America Animal Feed – Regional Insights
The geographic scope of the North America animal feed market encompasses the specific regions where businesses operate and compete. Understanding regional variations—such as differences in livestock populations, consumer demand for specialized feed formulations, economic conditions, and regulatory frameworks—is essential for developing effective, localized strategies. By recognizing and addressing these distinctions, companies can tap into underserved markets, tailor their product offerings, and align with regional compliance standards. A focused market approach enables more efficient resource allocation, precise marketing initiatives, and stronger competitive positioning, ultimately driving growth and market share in key areas across North America.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
