North America Compound Feed Market Size, Share, Forecast: By Livestock: Poultry, Ruminants, Aquatic Animals, Swine, Others; By Ingredient: Cereals, Cakes and Meals, By-Products, Supplements; By Source: Plant Based, Animal Based; By Form: Pellets, Mash, Crumbles, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

North America Compound Feed Market Outlook

The North America compound feed market size attained a value of USD 111.49 billion in 2023. The market is expected to grow at a CAGR of 4.5% between 2024 and 2032, reaching almost USD 166 billion by 2032.

Key Takeaways

• As per Statistics Canada's report, Canadian farmers owned 11.3 million cattle and calves in January 2023.

• According to the USDA, American poultry products dominate global and domestic meat markets due to competitive production, advanced genetics, and consumer preference.

• According to the U.S. Department of Agriculture, in 2021, Americans had access to 68.1 pounds of chicken per capita, exceeding beef availability at 56.2 pounds thus boosting the compound feed market in North America.

Compound feed is a meticulously blended combination of grains, cereals, oilseeds, minerals, vitamins, and supplements, aimed at providing comprehensive and balanced nutrition for livestock. It functions as a convenient and efficient method to ensure animals receive essential nutrients necessary for their growth, reproduction, and overall health.

As per the North America compound feed market report, feeds are utilised extensively across various sectors of the livestock industry, including poultry, swine, cattle, and aquaculture. Compound feed plays a pivotal role in improving feed efficiency, enhancing animal welfare, and maximising production yields. The demand for compound feed is driven by increasing needs for animal protein products and the necessity to enhance agricultural productivity to meet global food demands sustainably.

On 1 January 2023, Canadian farmers were reported by Statistics Canada to have possessed 11.3 million cattle and calves on their farms, thereby impacting the North America compound feed market outlook.

Key Trends and Developments

The North America compound feed market is growing with increasing population, regulations and standards, and increasing health awareness.

December 2023

The 2023 Innovative Feed Enhancement and Economic Development Act establishes a regulatory pathway in the Federal Food, Drug, and Cosmetic Act for new animal feed substances, providing health and safety benefits.

December 2023

The Agricultural Marketing Service summarised that the final rule aims to "revitalize" regulations under the Packers and Stockyards Act, incorporating disclosures for poultry growers from large processing firms.

September 2023

Corbion, a leading provider of algae-derived feed components, unveiled AlgaPrime™ DHA P3, a potent omega-3 supplement for pet food, promoting sustainability and reducing reliance on marine resources.

April 2022

Elanco and Royal DSM forged a strategic partnership in the U.S. for Bovaer® – an innovative, methane-reducing feed supplement for cattle, aligning with the Global Methane Pledge.

Increasing population

Rapid population growth heightens the need for livestock products, emphasising the importance of animal nutrition. This fuels the North America compound feed market growth, as countries focus on sustaining their populations. Enhancing feed formulations to optimise livestock health and growth while controlling costs reflects the industry's crucial role.

Regulation and standards

Regulatory frameworks are pivotal in shaping the compound feed market, governing formulation, production, and distribution to ensure safety and quality. These standards cover sourcing, labelling, and production processes, safeguarding animal health and food safety. Compliance fosters consumer trust, influencing innovation and promoting responsible practices throughout the market.

Rising demand for meat and dairy products

The rising demand for meat and dairy products is driven by diverse diets, nutrition demand and convenient products catering to on-the-go consumption. As per the U.S. Department of Agriculture, in 2021, individuals in the United States had access to 68.1 pounds of chicken per capita for human consumption (on a boneless, edible basis), surpassing the availability of beef at 56.2 pounds.

Increasing health awareness

Increasing awareness about health is transforming the compound feed sector. Consumers prioritise their health and food nutrition, influencing choices in poultry and livestock feed. They favour organic, antibiotic-free, or free-range options, demonstrating a readiness to invest more in perceived quality. This trend stimulates broader conversations on food safety.

North America Compound Feed Market Trends

Advancements in animal nutrition science have led to tailored feeds for different species and growth stages, aiming to boost growth rates, improve feed efficiency, and enhance animal welfare. Concerns over sustainability have prompted the creation of eco-friendly feeds, while strict food safety regulations drive demand for high-quality products, ensuring animal and consumer well-being. Further, globalisation has expanded trade, facilitating the distribution of feed ingredients and products across borders, and bolstering market growth.

Market Segmentation

North America Compound Feed Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Livestock

• Poultry

• Ruminants

• Aquatic Animals

• Swine

• Others

Market Breakup by Ingredient

• Cereals

• Cakes and Meals

• By-Products

• Supplements
  • Vitamins
  • Amino Acid
  • Enzyme
  • Prebiotics and Probiotics
  • Acidifiers

Market Breakup by Source

• Plant Based

• Animal Based

Market Breakup by Form

• Pellets

• Mash

• Crumbles

• Others

Market Breakup by Country

• United States of America

• Canada

North America compound feed market development is led by poultry sector, driven by increasing consumer demand for lean and cost-effective protein sources

Poultry, like chicken and eggs, offers an economical and adaptable protein source for a varied consumer base. Growing health consciousness fuels demand for lean meats, favouring poultry. Technological advancements in poultry farming also enhance efficiency, productivity, and profitability.

Swine, rich in protein, aids muscle upkeep and growth, crucial for children's bone health. It contains zinc, selenium, and vitamins B12 and B6, vital for immune function, making it favourable in North America. Aquatic species, providing omega-3 and other nutrients, also boost demand.

In terms of ingredients, the North America compound feed market share is dominated by cereals as it provides essential carbohydrates that support optimal animal growth and performance

As sustainable agriculture gains prominence and environmental concerns grow, cereals emerge as a crucial renewable and resource-efficient feed source, meeting consumer demands for responsible production practices.

Utilising oilseed by-products in animal nutrition offers a cost-effective and environmentally sustainable feed option. Cakes and meals, abundant post-oil extraction, serve as viable protein alternatives in animal diets. 

Pellets are the prevalent choice in the North America compound feed market, driven by increasing demand for feed options that are convenient and simple to manage

The compressed and consistent feed formats provide convenience in storage, transportation, and feeding procedures, appealing to producers and consumers alike. Furthermore, the increased nutritional density and minimised wastage of pellets add to their appeal.

Crumble, a feed type made by pelleting mixed ingredients and crushing them slightly coarser than mash, gained popularity in broiler production in the poultry market. 

Competitive Landscape

Market players are driving the North America compound feed market growth by producing natural ingredients used in personal care, pet food, animal feed, and bio-industrial applications.

Cargill Inc., established in 1865, and headquartered in the United States, engages in marketing, processing, and distributing grains, oilseeds, sugar, meat, and various food products, including cotton. Additionally, it produces natural ingredients for personal care, pet food, animal feed, and bio-industrial purposes.

Archer-Daniels-Midland Co., founded in 1902 and headquartered in the United States, handles agricultural commodities like oilseeds, corn, wheat, oats, barley, and their derivatives worldwide through its extensive grain elevator and transportation system.

Alltech Inc., established in 1980 and headquartered in the United States, develops agricultural solutions for livestock and crop farming, alongside food industry products. The company operates in three core divisions: animal nutrition and health, crop science, and food and beverage.

Smithfield Foods, Inc., founded in the USA in 1936, specializes in pork, beef, and poultry. It has gained acclaim for its unwavering commitment to high-quality standards, innovative methods, and environmentally conscious efforts. 

Other North America compound feed market key players are Roquette Freres S.A., SHV Holdings N.V. (Nutreco N.V.), Hueber Feed, LLC, Land O’Lakes, Inc. (Purina), Kent Corp., Perdue AgriBusiness LLC and Others. 

North America Compound Feed Market Analysis by Country 

In the USA, geopolitical dynamics such as trade agreements and policies affect market access and regional trade patterns. Additionally, increasing awareness of environmental sustainability drives the adoption of eco-conscious practices and boosts demand for sustainable feed options.

As per the U.S. Department of Agriculture, American poultry products excel in global and domestic meat markets due to competitive production, advanced genetics, ample feed resources, and consumer preference.

In Canada, the compound feed market is stimulated by urbanisation, a growing population desiring protein-rich diets, economic growth, and higher disposable incomes. Innovations in feed production and distribution amplify supply chain efficiency.

Key Highlights of the Report

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.