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North America Animal Feed Market Size, Share, Forecast: By Type: Fodder and Forage, Compound Feed; By Livestock: Pork, Aquatic Animal, Cattle, Poultry, Others; By Raw Material: Soy, Corn, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
North America Animal Feed Market Size
The North America animal feed market is projected to grow at a CAGR of 3.8% between 2024 and 2032. The market is being driven by the growing livestock population in the United States and Canada.
North America Animal Feed Market Outlook
- There are 5,650 animal feed manufacturing facilities in the United States.
- Sustainable production of various animal feed ingredients is expected to drive the market growth.
- The strengthening of legal regulations surrounding animal welfare is expected to boost good quality animal feed production.
North America Animal Feed Market Growth
The United States’ market for animal feeds has a critical impact on its economy. In 2023, it is estimated to have filed $18.5 billion in taxes and generated a value-added revenue of $98.4 billion. High livestock population districts like Kansas, Texas, Nebraska, Missouri, and Iowa are expected to drive the market growth in the forecast period.
In Canada, fish farming companies are expected to bolster their partnership with animal nutrition specialists to enhance the sustainability and quality of feed for aquatic animals. This includes the incorporation of algal oils into salmon feed to cater to the increasing demand for safe meat consumption among people.
The establishment of modern animal feed manufacturing facilities in Decatur, Illinois which repurpose agricultural byproducts of corn processing to strategically manufacture insect meal and oil for animal feed, is expected to facilitate the market expansion in the forecast period.
Increasing research into the development of microbial oils to enhance the immunity of farmed fishes against viral compounds is expected to revolutionise aquafeed . Moreover, the introduction of the Innovative FEED (Feed Enhancement and Economic Development) Act in the United States is expected to promote the manufacturing such animal feed ingredients that act within the animal’s gut microbiome and provide different health benefits, which is likely to further fuel the market expansion in the coming years.
North America Animal Feed Industry Segmentation
North America animal feed Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Fodder and Forage
- Compound Feed
Market Breakup by Livestock
- Pork
- Aquatic Animal
- Cattle
- Poultry
- Others
Market Breakup by Raw Material
- Soy
- Corn
- Others
Market Breakup by Country
- United States of America
- Canada
North America Animal Feed Market Share
Based on country, the market is divided into the United States of America and Canada. Over the forecast period, increasing investments into facility expansion and the development of new animal feed ingredients are expected to make the USA the leading country in the market.
Leading Companies in the North America Animal Feed Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
- Alltech Inc.
- Archer-Daniels-Midland Company
- Cargill, Incorporated
- Nutreco N.V.
- Land O’Lakes, Inc.
- Charoen Pokphand Foods PCL
- J.D. Heiskell Holding LLC
- BRF S.A.
- Kent Nutrition Group
- Kalmbach Feeds, Inc.
- Paragon Feeds Corp.
- Canadian Organic Feeds Ltd.
- Others
Major market players are focusing on investing in research and development facilities for insect protein, which is expected to emerge as one of the key market trends.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Livestock |
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| Breakup by Raw Material |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Animal Feed Market Overview
8.1 Key Industry Highlights
8.2 Global Animal Feed Historical Market (2018-2023)
8.3 Global Animal Feed Market Forecast (2024-2032)
8.4 Global Animal Feed Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Animal Feed Market Overview
9.1 Key Industry Highlights
9.2 North America Animal Feed Historical Market (2018-2023)
9.3 North America Animal Feed Market Forecast (2024-2032)
10 North America Animal Feed Market by Type
10.1 Fodder and Forage
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Compound Feed
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 North America Animal Feed Market by Livestock
11.1 Pork
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Aquatic Animal
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Cattle
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Poultry
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 North America Animal Feed Market by Raw Material
12.1 Soy
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Corn
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Others
13 North America Animal Feed Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Alltech Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Archer-Daniels-Midland Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Cargill, Incorporated
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nutreco N.V.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Land O’Lakes, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Charoen Pokphand Foods PCL
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 J.D. Heiskell Holding LLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 BRF S.A.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Kent Nutrition Group
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Kalmbach Feeds, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Paragon Feeds Corp.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Canadian Organic Feeds Ltd.
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Animal Feed Market: Key Industry Highlights (USD Million), 2018 and 2032
2. Global Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
3. North America Animal Feed Market: Key Industry Highlights (USD Million), 2018 and 2032
4. North America Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
5. North America Animal Feed Historical Market: Breakup by Type (USD Million), 2018-2023
6. North America Animal Feed Market Forecast: Breakup by Type (USD Million), 2024-2032
7. North America Animal Feed Historical Market: Breakup by Type (Million Tons), 2018-2023
8. North America Animal Feed Market Forecast: Breakup by Type (Million Tons), 2024-2032
9. North America Animal Feed Historical Market: Breakup by Livestock (USD Million), 2018-2023
10. North America Animal Feed Market Forecast: Breakup by Livestock (USD Million), 2024-2032
11. North America Animal Feed Historical Market: Breakup by Livestock (Million Tons), 2018-2023
12. North America Animal Feed Market Forecast: Breakup by Livestock (Million Tons), 2024-2032
13. North America Animal Feed Historical Market: Breakup by Raw Material (USD Million), 2018-2023
14. North America Animal Feed Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
15. North America Animal Feed Historical Market: Breakup by Raw Material (Million Tons), 2018-2023
16. North America Animal Feed Market Forecast: Breakup by Raw Material (Million Tons), 2024-2032
17. North America Animal Feed Historical Market: Breakup by Country (USD Million), 2018-2023
18. North America Animal Feed Market Forecast: Breakup by Country (USD Million), 2024-2032
19. North America Animal Feed Historical Market: Breakup by Country (Million Tons), 2018-2023
20. North America Animal Feed Market Forecast: Breakup by Country (Million Tons), 2024-2032
21. North America Animal Feed Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 3.8% between 2024 and 2032.
The different raw materials used in animal feed include soy and corn, among others.
The major livestock considered in the market report include pork, aquatic animal, cattle, and poultry, among others.
The different types of feed in the market include fodder and forage and compound feed.
The different countries considered in the market report are the United States of America and Canada.
The key market players are Alltech Inc., Archer-Daniels-Midland Company, Cargill, Incorporated, Nutreco N.V., and Land O’Lakes, Inc., Charoen Pokphand Foods PCL, J.D. Heiskell Holding LLC, BRF S.A., Kent Nutrition Group, Kalmbach Feeds, Inc., Paragon Feeds Corp., and Canadian Organic Feeds Ltd., among others.
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