North America Animal Feed Additives Market Size, Share, Trends and Forecast 2030, by Types (Amino acids, Vitamins, Enzymes, Antibiotics, Acidifiers, Minerals, Antioxidants, Binders, Flavors & Sweeteners) by Applications (Swine Feed, Poultry Feed, Ruminant Feed, Aqua Feed)

Report ID :
2514

Publisher ID :
theinsightbridge

Published :
2023-06-05

Pages :
188

Purchase Option
$4500

North America Animal Feed Additives Market Introduction 

The North America animal feed additives market refers to the market for various types of feed additives that are used in animal feed to enhance the nutritional value and quality of the feed. Animal feed additives are substances that are added to animal feed to improve the quality of the feed, promote growth and improve the health of the animals. They are used in animal feed to provide a balanced diet, improve feed efficiency, and increase the overall health and productivity of the animals.The animal feed additives market in North America is driven by the increasing demand for high-quality animal protein products, the growing awareness among consumers regarding the benefits of feed additives, and the increasing demand for animal feed due to the growing population in the region. The market includes various types of feed additives such as amino acids, enzymes, vitamins, minerals, antioxidants, probiotics, and prebiotics, among others.North America is one of the major markets for animal feed additives globally, owing to the presence of a large number of animal feed manufacturers in the region. The United States is the largest market for animal feed additives in North America, followed by Canada and Mexico. The demand for animal feed additives in the region is driven by the increasing consumption of meat and dairy products, which has led to an increase in the demand for high-quality animal feed.The market for animal feed additives in North America is highly competitive, with several players operating in the market. Some of the key players in the market include ADM Animal Nutrition, BASF SE, Cargill, Incorporated, DuPont de Nemours, Inc., Evonik Industries AG, and Zoetis, Inc., among others. These players are focusing on product innovation, partnerships, and collaborations to expand their market share and strengthen their position in the market.In conclusion, the North America animal feed additives market is driven by the increasing demand for high-quality animal protein products, growing awareness among consumers regarding the benefits of feed additives, and the increasing demand for animal feed due to the growing population in the region. The market is highly competitive, with several players operating in the market and focusing on product innovation, partnerships, and collaborations to expand their market share and strengthen their position in the market.

North America Animal Feed Additives Market Size

The North America animal feed additives market size was valued at around USD 6 billion in 2020 and is projected to grow at a CAGR of around 4% to 5% during the forecast period of 2021-2026.The growth of the market is driven by the increasing demand for animal protein products, growing awareness among consumers regarding the benefits of feed additives, and the increasing demand for animal feed due to the growing population in the region. The demand for animal protein products, such as meat and dairy products, is increasing in North America, which has led to an increase in the demand for high-quality animal feed. Feed additives are used to improve the nutritional value and quality of animal feed, which is driving the growth of the market.Furthermore, the increasing trend of pet humanization is also driving the demand for high-quality pet food in the region, which is expected to boost the growth of the animal feed additives market. Additionally, the increasing focus on animal health and welfare is driving the demand for natural and organic feed additives, which is expected to create new opportunities for market growth.The market is highly competitive, with several players operating in the market. Some of the key players in the market include ADM Animal Nutrition, BASF SE, Cargill, Incorporated, DuPont de Nemours, Inc., Evonik Industries AG, and Zoetis, Inc., among others.In conclusion, the North America animal feed additives market size is expected to witness significant growth during the forecast period, driven by the increasing demand for animal protein products, growing awareness among consumers regarding the benefits of feed additives, and the increasing demand for animal feed due to the growing population in the region.

North America Animal Feed Additives Market Share

The North America animal feed additives market is highly competitive, with several players operating in the market. The market is fragmented, with the top five players accounting for a significant market share.As of 2020, ADM Animal Nutrition, BASF SE, Cargill, Incorporated, DuPont de Nemours, Inc., and Evonik Industries AG were some of the leading players in the North America animal feed additives market, collectively accounting for a significant share of the market.ADM Animal Nutrition is one of the leading players in the market, offering a range of feed additives such as amino acids, enzymes, vitamins, minerals, and specialty ingredients. BASF SE is another major player in the market, offering a range of feed additives such as carotenoids, enzymes, vitamins, and organic acids. Cargill, Incorporated is also a significant player in the market, offering a range of feed additives such as antioxidants, enzymes, and probiotics.DuPont de Nemours, Inc. is another leading player in the market, offering a range of feed additives such as enzymes, probiotics, and prebiotics. Evonik Industries AG is also a significant player in the market, offering a range of feed additives such as amino acids, probiotics, and specialty ingredients.Other players in the market include Zoetis, Inc., Adisseo, Alltech, Inc., Chr. Hansen Holding A/S, Kemin Industries, Inc., and Phibro Animal Health Corporation, among others.In conclusion, the North America animal feed additives market is highly competitive, with several players operating in the market. The market is fragmented, with the top five players accounting for a significant market share. ADM Animal Nutrition, BASF SE, Cargill, Incorporated, DuPont de Nemours, Inc., and Evonik Industries AG are some of the leading players in the market.

North America Animal Feed Additives Market Trends

Here are some of the key trends in the North America animal feed additives market:

  1. Increasing demand for natural and organic feed additives: Consumers are increasingly concerned about the safety and quality of the food they consume, including animal protein products. As a result, there is growing demand for natural and organic feed additives that are free from harmful chemicals and additives. This trend is expected to drive the growth of natural and organic feed additives in the North America animal feed additives market.
  2. Growing trend of pet humanization: The trend of pet humanization is growing in North America, which is driving the demand for high-quality pet food. Consumers are looking for pet food products that are not only nutritious but also offer additional health benefits. This trend is expected to drive the growth of the animal feed additives market, as pet food manufacturers look to improve the nutritional value and quality of their products.
  3. Increasing focus on animal health and welfare: There is growing awareness among consumers about the importance of animal health and welfare. As a result, there is increasing demand for feed additives that promote animal health and welfare, such as probiotics, prebiotics, and immune boosters. This trend is expected to drive the growth of these types of feed additives in the North America animal feed additives market.
  4. Rising demand for aquafeed: The demand for aquafeed is rising in North America, driven by the growing popularity of seafood products and the increasing adoption of aquaculture practices. This trend is expected to drive the growth of the aquafeed segment in the North America animal feed additives market, as aquafeed manufacturers look to improve the nutritional value and quality of their products.
  5. Technological advancements: Advancements in technology are enabling the development of new and innovative feed additives that offer improved nutritional value and quality. For example, the use of microencapsulation technology is becoming increasingly popular in the development of feed additives, as it allows for the controlled release of nutrients in the digestive tract of animals. This trend is expected to drive the development of new and innovative feed additives in the North America animal feed additives market.

In conclusion, the North America animal feed additives market is witnessing several key trends, including the increasing demand for natural and organic feed additives, the growing trend of pet humanization, and the increasing focus on animal health and welfare. The rising demand for aquafeed and technological advancements are also expected to drive the growth of the market.

North America Animal Feed Additives Market Factors

Several factors are driving the growth of the North America animal feed additives market, including:

  1. Increasing demand for animal protein: The demand for animal protein is growing in North America, driven by the increasing population and rising income levels. This is leading to a growing demand for animal feed additives that improve the nutritional value and quality of animal feed.
  2. Rising prevalence of animal diseases: The prevalence of animal diseases is increasing in North America, which is driving the demand for feed additives that promote animal health and welfare. This includes feed additives such as probiotics, prebiotics, and immune boosters.
  3. Growing awareness about food safety: Consumers in North America are becoming increasingly concerned about the safety and quality of the food they consume, including animal protein products. This is driving the demand for feed additives that are free from harmful chemicals and additives.
  4. Increasing adoption of aquaculture practices: The adoption of aquaculture practices is growing in North America, driven by the increasing demand for seafood products. This is leading to a growing demand for aquafeed and feed additives that improve the nutritional value and quality of aquafeed.
  5. Technological advancements: Advances in technology are enabling the development of new and innovative feed additives that offer improved nutritional value and quality. This includes the use of microencapsulation technology, which allows for the controlled release of nutrients in the digestive tract of animals.
  6. Favorable government regulations: The government in North America has implemented favorable regulations for the use of animal feed additives, which is driving the growth of the market.
  7. Growing trend of pet humanization: The trend of pet humanization is growing in North America, which is driving the demand for high-quality pet food. This is leading to a growing demand for feed additives that improve the nutritional value and quality of pet food products.

In conclusion, the North America animal feed additives market is being driven by several factors, including the increasing demand for animal protein, rising prevalence of animal diseases, growing awareness about food safety, increasing adoption of aquaculture practices, technological advancements, favorable government regulations, and the growing trend of pet humanization.

North America Animal Feed Additives Market Regional Analysis

The North America animal feed additives market can be divided into four key regions: the United States, Canada, Mexico, and the rest of North America.

  1. United States: The United States is the largest market for animal feed additives in North America, driven by the increasing demand for high-quality meat and dairy products. The rising adoption of aquaculture practices and the growing trend of pet humanization are also driving the growth of the market in the United States.
  2. Canada: Canada is a significant market for animal feed additives in North America, driven by the increasing demand for animal protein products and the rising awareness about food safety. The favorable government regulations for the use of animal feed additives are also driving the growth of the market in Canada.
  3. Mexico: Mexico is a growing market for animal feed additives in North America, driven by the increasing demand for animal protein products and the rising adoption of aquaculture practices. The government in Mexico is also implementing favorable regulations for the use of animal feed additives, which is driving the growth of the market.
  4. Rest of North America: The rest of North America includes countries such as the Dominican Republic, Jamaica, and Costa Rica. This region is witnessing a growing demand for animal protein products, which is driving the growth of the animal feed additives market. The increasing adoption of aquaculture practices and the growing awareness about food safety are also driving the growth of the market in the rest of North America.

In conclusion, the North America animal feed additives market is witnessing growth across all regions, driven by factors such as the increasing demand for animal protein products, the rising adoption of aquaculture practices, the growing trend of pet humanization, and the increasing awareness about food safety. The favorable government regulations in these regions are also driving the growth of the market.

North America Animal Feed Additives Market Forecasts 2030 

The North America animal feed additives market is expected to continue growing over the next decade, with a projected compound annual growth rate (CAGR) of approximately 4.5% from 2021 to 2030.The increasing demand for high-quality animal protein products is expected to drive the growth of the market, as consumers in North America are becoming increasingly health-conscious and are seeking meat and dairy products that are free from harmful chemicals and additives. The rising adoption of aquaculture practices and the growing trend of pet humanization are also expected to contribute to the growth of the market.The market for feed additives such as probiotics, prebiotics, and immune boosters is expected to grow at a faster rate, as the prevalence of animal diseases continues to rise in North America. Additionally, the demand for feed additives that improve the nutritional value and quality of animal feed is expected to remain strong, as producers seek to increase the efficiency of animal production and reduce the environmental impact of livestock farming.The United States is expected to remain the largest market for animal feed additives in North America, driven by the increasing demand for high-quality meat and dairy products. However, the market in Canada and Mexico is also expected to grow significantly, driven by the increasing demand for animal protein products and the favorable government regulations for the use of animal feed additives.In conclusion, the North America animal feed additives market is expected to continue growing over the next decade, driven by factors such as the increasing demand for animal protein products, the rising adoption of aquaculture practices, and the growing trend of pet humanization. The market for feed additives that promote animal health and welfare is also expected to grow at a faster rate, as the prevalence of animal diseases continues to rise in the region.

North America Animal Feed Additives Market Key Industry Player

Some of the key industry players in the North America animal feed additives market include:

  1. Cargill, Inc.
  2. BASF SE
  3. ADM Animal Nutrition
  4. Evonik Industries AG
  5. DuPont de Nemours, Inc.
  6. Alltech, Inc.
  7. DSM Nutritional Products AG
  8. Kemin Industries, Inc.
  9. Novozymes A/S
  10. Nutreco N.V.

These companies are focusing on new product launches, partnerships, collaborations, and acquisitions to expand their market presence and gain a competitive advantage. They are also investing in research and development activities to develop innovative animal feed additives that meet the changing demands of consumers and the livestock industry.For example, Cargill, Inc. has launched a new line of feed additives, called Promote, which is designed to enhance gut health and animal performance. BASF SE has acquired significant market share in the North America animal feed additives market through the acquisition of Pronova BioPharma and Verenium Corporation. DSM Nutritional Products AG has introduced a new range of feed enzymes, called RONOZYME, which helps improve the nutrient digestibility of animal feed and reduces feed costs.Overall, these key industry players are expected to continue driving the growth of the North America animal feed additives market through their focus on innovation and strategic investments.

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