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North America Corn and Wheat-Based Feed Market Forecast to 2030
North America Corn and Wheat-Based Feed Market Forecast to 2030 – Regional Analysis – by Product Type [Corn-Based (Corn Gluten Meal, Corn Gluten Feed, and Other Corn-Based Feed) and Wheat-Based (Wheat Gluten, Wheat Bran, and Other Wheat-Based Feed)] and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)
$2,485 – $3,885
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Description
Rising Preference for Organic Feed Fuel North America Corn and Wheat-Based Feed Market
Animals who consume organic food offer meat that has high nutritional value. Organic milk and meat are rich in nutrients such as enzymes, bioflavonoids, and antioxidants. Hence, health-conscious consumers prefer organic food and organic meat over conventional food as it does not contain pesticides. Due to the growing demand for organic meat and dairy products, livestock farms, the poultry sector, and animal husbandry have focused on purchasing high-quality organic corn and wheat-based feed to supply organic meat to consumers. Conventional feed often contains high amounts of chemicals that hamper meat quality when consumed by animals. Long-term consumption of such meat results in various health disorders. To overcome this issue, manufacturers are investing heavily in corn and wheat-based feed products produced with organic constituents. Also, they are developing organic products that contain no chemical additives. Owing to all these factors, the rising preference for organic feed is expected to become a significant trend in the North America corn and wheat-based feed market during the forecast period.
North America Corn and Wheat-Based Feed Market Overview
The surge in demand for corn and wheat-based feed in North America can be attributed to the rise in livestock production. There were 87.2 million head of cattle and calves on the US farms as of January 1, 2024, according to the Cattle Report published by the US Department of Agriculture’s National Agricultural Statistics Service (NASS). North America has seen increased meat consumption, driven by population growth, urbanization, and changing dietary preferences toward protein-rich diets. As a result, the demand for animal feed is rising to sustain the growing number of livestock raised for meat production. Corn and wheat are staple ingredients in animal feed formulations due to their nutritional value and affordability.
The increasing awareness of the advantages of corn in feed is further bolstering the market growth. Corn is a highly digestible carbohydrate for energy. It contains fatty acids for healthy skin and coat, beta-carotene, vitamin E, lutein, natural antioxidants, and high-quality proteins for muscle and tissue growth. Also, corn is a commonly used ingredient in commercial chicken feed because it’s a readily available and inexpensive energy source and protein for chickens. Much like pigs, chickens benefit from the high carbohydrate content as it is a good source of protein and provides energy to maintain and grow their body temperature and essential amino acids for the growth and maintenance of muscle tissue. Additionally, the US is one of the top producers of corn in the world. According to United States Department of Agriculture (USDA), the corn production in the country in 2023 accounted for 15.3 billion bushels. Also, in Mexico and Canada there is huge production of corn. Thus, the easy availability of corn in the region and the rising awareness of benefits of using corn-based feed is contributing to the market growth in the region.
North America Corn and Wheat-Based Feed Market Revenue and Forecast to 2030 (US$ Million)
North America Corn and Wheat-Based Feed Market Segmentation
The North America corn and wheat-based feed market is categorized into product type, livestock, and country.
Based on product type, the North America corn and wheat-based feed market is bifurcated corn-based and wheat-based. The corn-based segment held a larger market share in 2022. The corn-based segment is further sub segmented into corn gluten meal, corn gluten feed, and other corn-based feed. The wheat-based segment is further sub segmented into wheat gluten, wheat bran, and other wheat-based feed.
In terms of livestock, the North America corn and wheat-based feed market is categorized into poultry, ruminants, swine, aquaculture, and others. The ruminants segment held the largest market share in 2022.
By country, the North America corn and wheat-based feed market is segmented into the US, Canada, and Mexico. The US dominated the North America corn and wheat-based feed market share in 2022.
Associated British Foods Plc, Jungbunzlauer Suisse AG, Roquette Freres SA, BENEO GmbH, International Nutritionals Ltd, Agrana Beteiligungs AG, Grain St Laurent Inc, and Archer Daniels Midland Company are some of the leading companies operating in the North America corn and wheat-based feed market.
Summary Info
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According to the Research Team’ research, the North America corn and wheat-based feed market was valued at US$ 53,211.34 million in 2022 and is expected to reach US$ 76,842.54 million by 2030, registering a CAGR of 4.7% from 2022 to 2030. Increase in livestock production and rising preference for organic are among the critical factors attributed to drive the North America corn and wheat-based feed market growth.
The demand for livestock products is driven by increasing urbanization, changing lifestyles and food preferences, and the rapidly rising population across the world. According to the Food and Agriculture Organization (FAO), meat protein consumption across the world is predicted to increase by 14% by 2030. Animal protein accounts for 16% of energy and 34% of protein in human diets. World milk production is expected to rise by 1.6% annually between 2020 and 2029 and reach 997 million metric tons in 2029, according to a report by the Organization for Economic Co-operation and Development (OECD) and FAO. The increasing consumption of protein-rich livestock products such as meat and increasing milk production propel the production of livestock. Livestock production accounts for ~19% of the value of food production and 30% of the global value of agriculture. As shown in the following figure, according to the FAO, the total meat production globally was 235.06 million metric tons in 2001, significantly increasing to 354.82 million metric tons in 2021. Poultry production accounted for a notable growth of 93% from 2001 to 2021.
Figure 5. Global Meat Production by Livestock Type (2001-2021)
The rising livestock production has encouraged manufacturers to focus on providing good quality and nutrient-rich feed for livestock. The growth in livestock production creates a demand for corn and wheat-based animal feed as cereals and grains are one of the main sources of energy and nutrients for animals. Corn is one of the major cereals used for animal feed production. According to the US Department of Agriculture, 40% of total domestic corn is used for animal feed. Wheat bran is intended for animal feed due to its high percentage of protein and high content of amino acids. Additionally, wheat has a large amount of fiber, which facilitates the digestive processes in animals. Thus, increasing healthy livestock production across the world drives the North America corn and wheat-based feed market growth.
On the contrary, the challenges related to corn and wheat production hampers the growth of North America corn and wheat-based feed market.
Based on product type, the North America corn and wheat-based feed market is bifurcated corn-based and wheat-based. The corn-based segment held 94.6% market share in 2022, amassing US$ 50,354.76 million. It is projected to garner US$ 72,508.31 million by 2030 to register 4.7% CAGR during 2022-2030. The corn-based segment is further sub segmented into corn gluten meal, corn gluten feed, and other corn-based feed. The wheat-based segment is further sub segmented into wheat gluten, wheat bran, and other wheat-based feed.
In terms of livestock, the North America corn and wheat-based feed market is categorized into poultry, ruminants, swine, aquaculture, and others. The ruminants segment held 36.0% share of North America corn and wheat-based feed market in 2022, amassing US$ 19,179.42 million. It is anticipated to garner US$ 28,568.29 million by 2030 to expand at 5.1% CAGR during 2022-2030.
Based on country, the North America corn and wheat-based feed market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 79.7% share of North America corn and wheat-based feed market in 2022. It was assessed at US$ 42,427.65 million in 2022 and is likely to hit US$ 60,697.93 million by 2030, registering a CAGR of 4.6% during 2022-2030.
Key players operating in the North America corn and wheat-based feed market are Associated British Foods Plc, Jungbunzlauer Suisse AG, Roquette Freres SA, BENEO GmbH, International Nutritionals Ltd, Agrana Beteiligungs AG, Grain St Laurent Inc, and Archer Daniels Midland Company, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America corn and wheat-based feed market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America corn and wheat-based feed market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. North America Corn and Wheat-Based Feed Market Landscape
4.1 Market Overview
4.2 Porter’s Analysis Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Distributors or Suppliers
4.3.4 End User
5. North America Corn and Wheat-Based Feed Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Livestock Production
5.1.2 Benefits of Corn and Wheat in Animal Feed
5.2 Market Restraints
5.2.1 Challenges Related to Corn and Wheat Production
5.3 Market Opportunities
5.3.1 Growth of Aquaculture Industry
5.4 Future Trends
5.4.1 Rising Preference for Organic Feed
5.5 Impact of Drivers and Restraints:
6. Corn and Wheat-Based Feed Market – North America Market Analysis
6.1 North America Corn and Wheat-Based Feed Market Revenue (US$ Million), 2020-2030
6.2 North America Corn and Wheat-Based Feed Market Forecast Analysis
7. North America Corn and Wheat-Based Feed Market Analysis – by Product Type
7.1 Corn-Based
7.1.1 Overview
7.1.2 Corn-Based: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
7.1.3 Corn Gluten Meal
7.1.3.1 Overview
7.1.3.2 Corn Gluten Meal: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
7.1.4 Corn Gluten Feed
7.1.4.1 Overview
7.1.4.2 Corn Gluten Feed: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
7.1.5 Other Corn-Based Feed
7.1.5.1 Overview
7.1.5.2 Other Corn-Based Feed: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Wheat-Based
7.2.1 Overview
7.2.2 Wheat-Based: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
7.2.3 Wheat Gluten
7.2.3.1 Overview
7.2.3.2 Wheat Gluten: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
7.2.4 Wheat Bran
7.2.4.1 Overview
7.2.4.2 Wheat Bran: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
7.2.5 Other Wheat-Based Feed
7.2.5.1 Overview
7.2.5.2 Other Wheat-Based Feed: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
8. North America Corn and Wheat-Based Feed Market Analysis – by Livestock
8.1 Poultry
8.1.1 Overview
8.1.2 Poultry: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Ruminants
8.2.1 Overview
8.2.2 Ruminants: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Swine
8.3.1 Overview
8.3.2 Swine: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Aquaculture
8.4.1 Overview
8.4.2 Aquaculture: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Corn and Wheat-Based Feed Market – Country Analysis
9.1 North America Corn and Wheat-Based Feed Market Breakdown, by Key Countries, 2022 and 2030 (%)
9.1.1 North America Corn and Wheat-Based Feed Market – Revenue and Forecast Analysis – by Country
9.1.2 US: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
9.1.2.1 US: North America Corn and Wheat-Based Feed Market Breakdown, by Product Type
9.1.2.2 US: North America Corn and Wheat-Based Feed Market Breakdown, by Livestock
9.1.3 Canada: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
9.1.3.1 Canada: North America Corn and Wheat-Based Feed Market Breakdown, by Product Type
9.1.3.2 Canada: North America Corn and Wheat-Based Feed Market Breakdown, by Livestock
9.1.4 Mexico: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
9.1.4.1 Mexico: North America Corn and Wheat-Based Feed Market Breakdown, by Product Type
9.1.4.2 Mexico: North America Corn and Wheat-Based Feed Market Breakdown, by Livestock
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Company Profiles
11.1 Associated British Foods Plc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Jungbunzlauer Suisse AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Roquette Freres SA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 BENEO GmbH
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 International Nutritionals Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Agrana Beteiligungs AG
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Grain St Laurent Inc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Archer Daniels Midland Company
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The the Reporting Teams
Table 1. North America Corn and Wheat-Based Feed Market Segmentation
Table 2. North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Product Type
Table 4. North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Livestock
Table 5. North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 6. US: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Product Type
Table 7. US: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Livestock
Table 8. Canada: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Product Type
Table 9. Canada: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Livestock
Table 10. Mexico: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Product Type
Table 11. Mexico: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million) – by Livestock
Table 12. Heat Map Analysis by Key Players
Figure 1. North America Corn and Wheat-Based Feed Market Segmentation, by Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem Analysis: Corn and Wheat-Based Feed Market
Figure 4. North America Corn and Wheat-Based Feed Market – Key Market Dynamics
Figure 5. Global Meat Production by Livestock Type (2001-2021)
Figure 6. World Aquaculture Production, 1091-2020
Figure 7. Impact Analysis of Drivers and Restraints
Figure 8. North America Corn and Wheat-Based Feed Market Revenue (US$ Million), 2020-2030
Figure 9. North America Corn and Wheat-Based Feed Market Share (%) – by Product Type (2022 and 2030)
Figure 10. Corn-Based: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Corn Gluten Meal: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Corn Gluten Feed: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Other Corn-Based Feed: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Wheat-Based: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Wheat Gluten: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Wheat Bran: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Other Wheat-Based Feed: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. North America Corn and Wheat-Based Feed Market Share (%) – by Livestock (2022 and 2030)
Figure 19. Poultry: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Ruminants: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Swine: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Aquaculture: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Others: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. North America Corn and Wheat-Based Feed Market Breakdown, by Key Countries – Revenue (2022) (US$ Million)
Figure 25. North America Corn and Wheat-Based Feed Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 26. US: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. Canada: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. Mexico: North America Corn and Wheat-Based Feed Market – Revenue and Forecast to 2030 (US$ Million)
Figure 29. Company Positioning & Concentration
The List of Companies – North America Corn and Wheat-Based Feed Market
1. Associated British Foods Plc
2. Jungbunzlauer Suisse AG
3. Roquette Freres SA
4. BENEO GmbH
5. International Nutritionals Ltd
6. Agrana Beteiligungs AG
7. Grain St Laurent Inc
8. Archer Daniels Midland Company
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