Report ID: UCMIR15C2041
Report ID:
UCMIR15C2041 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The North American feed fertilizer market was valued at USD 3.56 billion in 2022 and is expected to experience growth, reaching USD 4.65 billion by 2030 with a compound annual growth rate (CAGR) of 3.43% during the forecast period, starting from USD 3.67 billion in 2023. Feed fertilizers play a crucial role in animal nutrition, enhancing the quality of animal feed and improving animal performance and health by bolstering the digestibility of feed materials. In response to the rising costs of feed grains and high-protein grains, the utilization of cost-effective protein sources like urea in cattle diets is anticipated to rise in the current landscape.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Fertilizers & Agricultural Chemicals by segment aggregation, the contribution of the Fertilizers & Agricultural Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR15C2041