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North America Animal Feed Market Outlook, 2027

North America Animal Feed Market Outlook, 2027

Bonafide Research 03-02-2022 60 Pages Figures : 14 Tables : 22
Region : North America Category : Food & Beverages Agriculture

1. Cargill Incorporation

2. Tyson Foods, Inc.

3. Guangdong Haid Group Co., Limited

4. Charoen Pokphand Group

5. New Hope Liuhe Co., Ltd

More...

Animal feed refers to the mixture of supplements and materials served to livestock animals, sourced from either plan, animal, organic and inorganic substances. They are also made through industrial processing whether or not containing additives. The increasing awareness among health awareness and functional benefits to animal derived products are boosting rapidly the livestock and aquaculture farming. The livestock animal needs a good and high value nutritional diet to maintain their health, growth, reproduction, and improve the quality of products procured from them. Animal feeds are smoothly digestible and are available in different forms such as crumbles, pellets, mash and others. The only driving factor behind the animal feed market is raising concern towards the wellbeing of animals. In spite of everything, the availability of raw materials, it’s fluctuating prices, quality controls and rigid government policies are still the becoming the major constraint to animal feed market.

According to the research report “North America Animal Feed Market Outlook, 2027" published by Bonafide Research, Plant based sourced products are declining their market share during the forecasted period while the animal based sourced products are gaining their significance and share both in North American market. The growth factor in consumption of meat market is surge in awareness towards intake of protein among animals. Plant based feeds are proved not well enough to support overall nutrients among animals.

North American Animal Feed Market is estimated to grow with a CAGR of 2.84% during the forecast period. Due to Covid-19 pandemic, the growth rate of North American region has hampered somewhere. Production facilities have stopped producing due to ban of supply and transport systems.

The demand for meat based products is going to rise among North American region. Canada is the major country where animal feed market has long and wide way to go. Canada is in high demand for Pig feed livestock where it is rapidly gaining traction in the market. Currently, Poultry feed is the major market holder in North American region while during the forecast period Pig feed & Aqua Feed market are gaining dominance. Canada is the most emerging market which has a wide scope left to expand in every part. Canada imposes lower feed cost where it becomes significant for augmenting the sales of the market. The per capita consumption in North America is increasing towards consumption of meat and livestock products.

Major Companies present in the market:
Cargill Inc., Guangdong Haid Group, Chareon Pokphand Foods, For Farmers, New Hope Liuhe Co Ltd, Archer Daniels Midland Co, Feed One Co, Ltd, Alltech Inc, Nutreco N.V, Kent Nutrition Group.

Considered in this report:
• Geography: North America
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• North America animal feed market with its value and forecast along with its segments
• Country-wise animal feed products market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:
• United States
• Canada
• Mexico

Types of feed ingredients in the report:
• Cereals
• By-Products
• Cakes & Meals
• Supplements

Types of feed by livestock in the report:
• Cattle Feeds
• Poultry Feeds
• Pig Feeds
• Aqua Feeds

Types of form in the report:
• Pellet
• Mash
• Crumbles
• Cubes & Cakes

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Animal feed industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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