North America Feed Premix Market Forecast to 2030
North America Feed Premix Market Forecast to 2030 – Regional Analysis – by Type (Vitamins, Minerals, Amino Acids, Antibiotics, Antioxidants, Blends, and Others), Form (Dry and Liquid), and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)
$2,485 – $3,885
- Description
- Toplines
- Reasons for Buying
- Table of Contents
- List of Tables
- LIst of Figures
- List of Companies
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Description
Feed Fortification Fuels North America Feed Premix Market
The feed fortification with premixes is linked to an improvement in animal health and welfare. Animal feed are fortified with vitamins, minerals, amino acids, antioxidants, antibiotics, etc. The high prevalence of micronutrient deficiency diseases among livestock boosts the demand for fortified feed which results to increase in adoption of premixes. Feed fortification helps increase the strength of bone and decrease the mortality of animals. Feed fortified with minerals is beneficial in treating bone fractures in livestock. Feed fortified with amino acids helps grow performance and increase the immunity of livestock. The addition of amino acids boosts metabolism and makes the feed highly nutritious. Moreover, the feed conversion rate is significantly increased by fortification, which is helpful in the optimization of production costs.
Additionally, antibiotics, acidifiers, antioxidants, vitamins, minerals, amino acids, binders, and enzymes are a few of the most popular types of premixes used for feed fortification. The growing demand for these premixes due to the health benefits associated with each premix drives the North America feed premix market. Moreover, owing to the rising awareness about feed fortification, key market players are adopting strategies for fortification. For instance, in November 2022, DSM revised Optimum Vitamin Nutrition (OVN) guidelines for vitamin fortification among all animal species to achieve peak health and performance of livestock.
North America Feed Premix Market Overview
North America is one of the significant markets for feed premix due to the increased demand for premixes as a feed additive, rise in meat consumption, changes in weather conditions, increase in consumption of livestock products despite the rising prices, and well-established animal feed and agriculture industries. Increasing number of individuals opting for protein-rich and healthier products, growing disposable income, and changing lifestyles and eating patterns contribute to a surge in demand for protein-rich meat in the US, Canada, and Mexico. Thus, with the rising consumption of meat products, the demand for animal feed increases and further drives the market for feed premix. As per the report of Alltech Global, in 2020, the region produced more than 254 million metric tons of animal feed products. The mass production of animal feed in North America and the rise in food safety concerns, especially about meat and dairy products, have led to the increased consumption of nutritional animal feed infused with various nutrients in the form of feed premix in the region. The significant rise in cattle farming in North America is also expected to drive the demand for animal feed during 2022-2030. This significant rise is attributed to the rising demand for fresh meat products, which has soared the import of cattle stock. Further, as per the report of the United States Department of Agriculture (UDSA), in 2021, North America recorded over 114 million cattle stock and over 109 million pig stock. Thus, the increasing cattle stock and demand for healthy animal feed additives such as feed premix is expected to boost the market share in the region. Moreover, governments are taking initiatives and providing funding to maintain or increase animal stock. For instance, the Government of Canada has introduced Pig SAFE (a food safety and biosecurity program) and Pig CARE (an animal care program) to provide hogs with healthy animal feed and prevent them from African swine fever. Under this program, the Canadian Government has announced more than US$ 3.8 million in funds to allocate throughout the country. These factors are expected to drive the North America feed premix market growth in the region.
North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
North America Feed Premix Market Segmentation
The North America feed premix market is segmented based on type, form, livestock, and country.
Based on type, the North America feed premix market is segmented into vitamins, minerals, amino acids, antibiotics, antioxidants, blends, and others. The blends segment held the largest share in 2022.
By form, the North America feed premix market is bifurcated into dry and liquid. The dry segment held a larger share in 2022.
In terms of livestock, the North America feed premix market is categorized into research poultry, ruminants, swine, aquaculture, and others. The poultry segment held the largest share in 2022.
Based on country, the North America feed premix market is segmented into the US, Canada, and Mexico. The US dominated the North America feed premix market in 2022.
Agrifirm Group BV, Archer-Daniels-Midland Co, Cargill Inc, De Heus Voeders BV, Kemin Industries Inc, Koninklijke DSM NV, and Nutreco NV are some of the leading companies operating in the North America feed premix market.
Summary Info
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According to the Research Team’ research, the North America feed premix market was valued at US$ 2,988.27 million in 2022 and is expected to reach US$ 4,598.47 million by 2030, registering a CAGR of 5.5% from 2022 to 2030. Rising preference for organic feed and feed fortification are among the critical factors attributed to the North America feed premix market expansion.
People are becoming more conscious about their health; thus, they prefer consuming organic food as it does not contain pesticides. Organic milk and meat are richer in nutrients such as enzymes, bioflavonoids, and antioxidants. Hence, people prefer organic food and organic meat over the conventional food. This has led to the demand for organic feed to supply organic meat to consumers. Livestock farms, the poultry sector, and animal husbandry have focused on purchasing high-quality organic feed due to the growing demand for organic meat and dairy products.
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 developing organic feed that contains no chemical additives. Animals feeding on such feed offer meat that has high nutritional value. Thus, consumers often find organic and natural products as healthier alternatives to conventional products. Consumers are mainly inclined toward organic products, which has encouraged manufacturers to invest heavily in products produced with organic constituents. Furthermore, the better accessibility to infinite information with the help of the internet has made consumers highly aware of their health needs, leading to the increasing demand for organic feed. Thus, the rising preference for organic feed is expected to become a significant trend in the North America feed premix market during the forecast period.
On the contrary, bans on antibiotics as feed additives hampers the growth of North America feed premix market.
Based on type, the North America feed premix market is segmented into vitamins, minerals, amino acids, antibiotics, antioxidants, blends, and others. The blends segment held 32.0% share of the North America feed premix market in 2022, amassing US$ 955.11 million. It is projected to garner US$ 1,544.89 million by 2030 to expand at 6.2% CAGR during 2022-2030.
By form, the North America feed premix market is bifurcated into dry and liquid. The dry segment held 63.6% share of the North America feed premix market in 2022, amassing US$ 1,901.26 million. It is projected to garner US$ 2,963.76 million by 2030 to expand at 5.7% CAGR during 2022-2030.
By livestock, the North America feed premix market is segmented into poultry, ruminants, swine, aquaculture, and others. The poultry segment held 43.0% share of the North America feed premix market in 2022, amassing US$ 1,285.70 million. It is projected to garner US$ 2,042.28 million by 2030 to expand at 6.0% CAGR during 2022-2030.
Based on country, the North America feed premix market is segmented into the US, Canada, and Mexico. The US held 74.5% share of North America feed premix market in 2022, amassing US$ 2,227.16 million. It is projected to garner US$ 3,361.02 million by 2030 to expand at 5.3% CAGR during 2022-2030.
Key players operating in the North America feed premix market are Agrifirm Group BV, Archer-Daniels-Midland Co, Cargill Inc, De Heus Voeders BV, Kemin Industries Inc, Koninklijke DSM NV, and Nutreco NV, 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 North America feed premix 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 feed premix market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team 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
4. North America Feed Premix Market Landscape
4.1 Overview
4.2 Porter’s 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
4.3.2.1 Raw Material
4.3.2.2 Formulation
4.3.2.3 Weighing
4.3.2.4 Mixing
4.3.2.5 Packaging
4.3.3 Distributors or Suppliers
4.3.4 End User
4.4 List of Vendors
5. North America Feed Premix Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Livestock Production
5.1.2 Feed Fortification
5.2 Market Restraints
5.2.1 Bans on Antibiotics as Feed Additives
5.3 Market Opportunities
5.3.1 Growing Demand for Feed Premix from Developing Countries
5.4 Future Trends
5.4.1 Rising Preference for Organic Feed
5.5 Impact Analysis of Drivers and Restraints
6. Feed Premix Market – North America Market Analysis
6.1 North America Feed Premix Market Revenue (US$ Million)
6.2 North America Feed Premix Market Forecast and Analysis (2020-2030)
7. North America Feed Premix Market Analysis – Type
7.1 Vitamins
7.1.1 Overview
7.1.2 Vitamins: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
7.2 Minerals
7.2.1 Overview
7.2.2 Minerals: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
7.3 Amino Acids
7.3.1 Overview
7.3.2 Amino Acids: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
7.4 Antibiotics
7.4.1 Overview
7.4.2 Antibiotics: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
7.5 Antioxidants
7.5.1 Overview
7.5.2 Antioxidants: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
7.6 Blends
7.6.1 Overview
7.6.2 Blends: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
8. North America Feed Premix Market Revenue Analysis – By Form
8.1 Overview
8.2 Dry
8.2.1 Overview
8.2.2 Dry: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
8.3 Liquid
8.3.1 Overview
8.3.2 Liquid: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
9. North America Feed Premix Market Revenue Analysis – By Livestock
9.1 Overview
9.2 Poultry
9.2.1 Overview
9.2.2 Poultry: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
9.3 Ruminants
9.3.1 Overview
9.3.2 Ruminants: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
9.4 Swine
9.4.1 Overview
9.4.2 Swine: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
9.5 Aquaculture
9.5.1 Overview
9.5.2 Aquaculture: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
10. North America Feed Premix Market – Country Analysis
10.1 North America Feed Premix Market – Country Analysis
10.1.1 North America Feed Premix Market Revenue and Forecasts and Analysis – By Countries
10.1.1.1 North America Feed Premix Market Breakdown by Country
10.1.1.2 US: North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.2.1 US North America Feed Premix Market Breakdown by Type
10.1.1.2.2 US: North America Feed Premix Market Breakdown by Form
10.1.1.2.3 US: North America Feed Premix Market Breakdown by Livestock
10.1.1.3 Canada: North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.3.1 Canada: North America Feed Premix Market Breakdown by Type
10.1.1.3.2 Canada: North America Feed Premix Market Breakdown by Form
10.1.1.3.3 Canada: North America Feed Premix Market Breakdown by Livestock
10.1.1.4 Mexico: North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.4.1 Mexico: North America Feed Premix Market Breakdown by Type
10.1.1.4.2 Mexico: North America Feed Premix Market Breakdown by Form
10.1.1.4.3 Mexico: North America Feed Premix Market Breakdown by Livestock
11. Competitive Landscape
11.1 Heat Map Analysis By Key Players
11.2 Company Positioning & Concentration
12. Company Profiles
12.1 Agrifirm Group BV
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Nutreco NV
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Archer-Daniels-Midland Co
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Cargill Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Koninklijke DSM NV
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 De Heus Voeders BV
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Kemin Industries Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
LIST OF TABLES
Table 2. List of Vendors in Value Chain
Table 3. North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million)
Table 4. North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 5. North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million) – Form
Table 6. North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million) – Livestock
Table 7. US: North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 8. US: North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million) – By Form
Table 9. US: North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million) – By Livestock
Table 10. Canada: North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 11. Canada: North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million) – By Form
Table 12. Canada: North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million) – By Livestock
Table 13. Mexico: North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million) – By Type
Table 14. Mexico: North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million) – By Form
Table 15. Mexico: North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million) – By Livestock
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LIST OF FIGURES
Figure 2. Porter’s Five Forces Analysis: North America Feed Premix Market
Figure 3. Ecosystem: North America Feed Premix Market
Figure 4. North America Feed Premix Market – Key Industry Dynamics
Figure 5. Global Meat Production by Livestock Type (2001-2021)
Figure 6. North America Feed Premix Market Impact Analysis of Drivers and Restraints
Figure 7. North America Feed Premix Market Revenue (US$ Million), 2020 – 2030
Figure 8. North America Feed Premix Market Share (%) – Type, 2022 and 2030
Figure 9. Vitamins: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
Figure 10. Minerals: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
Figure 11. Amino Acids: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
Figure 12. Antibiotics: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
Figure 13. Antioxidants: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
Figure 14. Blends: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
Figure 15. Others: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
Figure 16. North America Feed Premix Market Revenue Share, By Form (2022 and 2030)
Figure 17. Dry: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
Figure 18. Liquid: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
Figure 19. North America Feed Premix Market Revenue Share, By Livestock (2022 and 2030)
Figure 20. Poultry: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
Figure 21. Ruminants: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
Figure 22. Swine: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
Figure 23. Aquaculture: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
Figure 24. Others: North America Feed Premix Market Revenue and Forecast to 2030 (US$ Million)
Figure 25. North America Feed Premix Market Breakdown by Key Countries – Revenue (2022) (US$ Million)
Figure 26. North America Feed Premix Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 27. US: North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million)
Figure 28. Canada: North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million)
Figure 29. Mexico: North America Feed Premix Market Revenue and Forecasts to 2030 (US$ Million)
Figure 30. Company Positioning & Concentration
Figure 31. Heat Map Analysis by Key Players
1. Agrifirm Group BV
2. Archer-Daniels-Midland Co
3. Cargill Inc
4. De Heus Voeders BV
5. Kemin Industries Inc
6. Koninklijke DSM NV
7. Nutreco NV
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