USD 22.9 Billion
North America Specialty Animal Feed Additives Market Size, Share, Growth Analysis, By Product(Encapsulated Methionine, Sulfate based minerals, Copper, Zinc), By Livestock(Poultry, Layers, Broilers, Turkey), By Region - Industry Forecast 2024-2031
Report ID:
SQMIR30I2401 |
Region:
Regional |
Published Date: April, 2024
Pages:
198
|Tables:
80
|Figures:
75
North America Specialty Animal Feed Additives Market Insights
North America Specialty Animal Feed Additives Market size was valued at USD 22.9 Billion in 2022 and is poised to grow from USD 24.43 billion in 2023 to USD 41.05 billion by 2031, growing at a CAGR of 6.7% in the forecast period (2024-2031).
A number of important developments are propelling the market for speciality animal feed additives in North America. The rising understanding of the effects of feed quality on animal performance and product quality has led to an increase in the focus on animal nutrition and health, which is one notable development. To promote animal growth, increase feed conversion efficiency, and improve general health, livestock farmers in the area are increasingly using specialist feed additives. A second factor driving the market's growth is the growing consumer demand for premium animal products including meat, dairy, and eggs, which has increased investment in animal nutrition.
The market for specialized animal feed additives in North America, however, also confronts difficulties. The regulatory environment, which may be complicated and strict, is a major hurdle. Strict regulations are imposed on the approval and use of feed additives in the area by regulatory organizations including the FDA and USDA. For manufacturers, navigating these legal requirements and maintaining compliance may be time-consuming and expensive. Additionally, there is a rising interest in natural and organic animal products, which has raised concerns about artificial feed additives. While still assuring the efficiency and safety of their speciality feed additives, manufacturers must innovate to keep up with these shifting consumer desires.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Poultry
Fastest Growth
Poultry
Growth Rate
6.7% CAGR
North America Specialty Animal Feed Additives Market ($ Bn)
Country Share for North America Region (%)
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North America Specialty Animal Feed Additives Market Segmental Analysis
North America specialty animal feed additives market is segmented on the basis of product, livestock, region. By product, the market is segmented into encapsulated methionine, sulfate based minerals, copper, zinc, manganese, chromium propionate, tribasic copper chloride, dcad products. By livestock, the market is segmented into poultry, layers, broilers, turkey, aquaculture, salmon, trout, shrimps, pork/swine, cattle, dairy, calf, beef, others, pets. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Analysis By Product
Encapsulated Methionine emerges as the industry leader, accounting for a sizeable 35.7% market share in 2022. This dominance is related to the rising demand for methionine in swine and poultry feed formulations, which aims to boost growth performance and increase feed efficiency. Methionine in capsules is an uncommon variation of this crucial amino acid that has been engineered to withstand gastrointestinal system breakdown in animals. Higher bioavailability caused by the protective encapsulation ensures that animals can use the methionine efficiently for growth and metabolic activities, which ultimately improves growth performance and feed efficiency.
Sulfate-based minerals, on the other hand, are expanding quickly, with a stunning CAGR of 6.9% from 2023 to 2030. The increased need for sulfate-based minerals in ruminant feed applications is the main cause of this growing spike. Sulfate-based minerals are essential for improving mineral absorption and reducing the danger of mineral toxicity, which benefits animal health and wellbeing in general. These minerals are essential for many physiological processes, including bone and muscle growth and immune system support, making them a necessary component of contemporary animal feeding strategies.
Analysis By Livestock
The segmentation of the specialty animal feed additives market in North America by livestock includes a wide range of livestock types, including Calf, Beef, Other Livestock, and Pets, as well as Poultry (which includes Layers, Broilers, and Turkey), Aquaculture (which includes Salmon, Trout, and Shrimps), Pork/Swine (which includes both Cattle and Dairy), and Calf, Beef, and Aquaculture. Notably, with a significant market share of 59.2% by 2022, the poultry category establishes itself as the main force in this industry. This dominance can be ascribed to the rising demand for speciality animal feed additives in formulations for chicken feed, which are primarily intended to improve growth performance, increase feed efficiency, and improve product quality.
The nutritional needs of poultry are a primary consideration in feed formulation because they are particularly sensitive to nutrient imbalances and deficits. In order to ensure that chickens obtain the nutrients necessary for their healthy growth and wellbeing, specialty animal feed additives are crucial.
With a phenomenal CAGR of 7.8% predicted from 2023 to 2030, the aquaculture segment stands out as the market's fastest-growing sector. The increasing need for specialized animal feed additives in aquaculture feed is what's driving this growing rise. These chemicals have a critical role in enhancing growth efficiency, boosting disease resistance, and raising the general standard of aquaculture products. The importance of speciality animal feed additives in boosting the safety and quality of aquaculture-derived products is further highlighted by the fact that aquaculture remains a significant source of seafood production despite the continued growth in seafood demand.
North America Specialty Animal Feed Additives Market By Application
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North America Specialty Animal Feed Additives Market Regional Insights
Regional insights indicate various trends and dynamics in the speciality animal feed additives industry in North America. The United States has historically been the dominating location within North America for speciality animal feed additives as of my most recent knowledge update in September 2021. This is mainly attributable to the nation's enormous livestock output, thriving poultry and swine sectors, and heavy emphasis on improving animal nutrition. The livestock industry in the United States is highly developed and technologically sophisticated, and speciality feed additives are used to improve animal health, feed effectiveness, and product quality. The market's position in the US has also been bolstered by American livestock farmers' growing understanding of the advantages of speciality feed additives.
Canada has had the fastest growth in North America for specialized animal feed additives. Although the livestock business in Canada is smaller than that in the United States, it has been expanding noticeably recently due to reasons including rising demand for high-quality animal products and a greater focus on animal welfare and health. The use of speciality feed additives has significantly increased as Canadian livestock producers work to increase the effectiveness of feed utilization and animal performance. Additionally, Canada's dedication to sustainable agriculture and adherence to high quality standards have encouraged the adoption of creative feed solutions, establishing it as the North American area with the fastest expanding market for specialized animal feed additives.
North America Specialty Animal Feed Additives Market By Geography
- Largest
- Fastest
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North America Specialty Animal Feed Additives Market Dynamics
Drivers
Focus on Animal Nutrition and Health
- The demand for specialty feed additives is rising as livestock producers increasingly understand the significance of animal nutrition and health in maximizing production efficiency and profitability.
Consumer Awareness
- The use of specialty additives has been motivated by increased consumer understanding of how animal feed affects food safety and quality, which has led to issues being addressed and transparency being improved.
Increasing Demand for Premium Animal Products
- Livestock producers now use specialty feed additives to enhance animal health and product quality as a result of rising customer demand for premium meat, dairy, and other animal products.
Restraints
Expense factors
- Specialty feed additives are frequently more expensive than traditional feed components, which can be a problem for livestock farmers on a tight budget.
Supply-Chain Breakdowns
- Production and availability of speciality feed additives can be impacted by supply chain disruptions including shortages of raw materials and logistical problems.
Environmental Concerns
- Sustainability and environmental concerns are becoming more and more crucial, and the environmental effect of some speciality additives may come under examination.
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North America Specialty Animal Feed Additives Market Competitive Landscape
The presence of well-known industry companies and cutting-edge newcomers in the competitive landscape of the specialty animal feed additives market in North America is indicative of the market's intense competition as they compete to satisfy the rising demand for high-quality animal nutrition solutions. Leading businesses like Cargill, Inc., Archer Daniels Midland Company, Evonik Industries AG, and Alltech, Inc. have maintained strong market positions because to their broad product portfolios, worldwide reach, and emphasis on research and development.
Product innovation is a key competitive tactic in this dynamic industry. Various livestock divisions, including poultry, swine, and aquaculture, have different nutritional demands and health issues. Market participants are investing in the development of specialized feed additives that meet these needs and concerns. Additionally, businesses are putting more emphasis on using sustainable and natural ingredients to meet customer demands for clean-label products that are good for the environment.
Top Player’s Company Profiles
- Cargill, Inc. (Minnetonka, Minnesota, USA)
- Archer Daniels Midland Company (Chicago, Illinois, USA)
- Evonik Industries AG (Essen, Germany, with a significant presence in North America)
- Alltech, Inc. (Nicholasville, Kentucky, USA)
- Novozymes A/S (Bagsværd, Denmark)
- DSM Nutritional Products, LLC (Parsippany, New Jersey, USA)
- Adisseo USA Corporation (Alpharetta, Georgia, USA)
- Kemin Industries, Inc. (Des Moines, Iowa, USA)
- Balchem Corporation (New Hampton, New York, USA)
- BASF Corporation (Florham Park, New Jersey, USA)
- Nutreco N.V. (Amersfoort, Netherlands, with operations in North America)
- Zinpro Corporation (Eden Prairie, Minnesota, USA)
- Perstorp Holding AB (Malmö, Sweden, with a presence in North America)
- Phibro Animal Health Corporation (Teaneck, New Jersey, USA)
- AB Vista, Inc. (Marlborough, Wiltshire, UK, with a presence in North America)
- Biomin America, Inc. (San Antonio, Texas, USA)
- Danisco Animal Nutrition (DuPont) (Wilmington, Delaware, USA)
- Kalsec, Inc. (Kalamazoo, Michigan, USA)
- Diamond V (Cedar Rapids, Iowa, USA)
- Elanco Animal Health Incorporated (Greenfield, Indiana, USA)
Recent Developments
- In June 2023, Kemin Industries, Inc. announced the launch of its new line of specialty animal feed additives, including a probiotic, an enzyme, and an antioxidant. These additives are designed to improve animal health and performance.
- In May 2023, DSM Nutritional Products announced the acquisition of Biorigin, a leading supplier of specialty animal feed additives. This acquisition will strengthen DSM's position in the North America specialty animal feed additives market.
- In April 2023, InVivo NSA, a leading supplier of animal feed additives, announced the opening of a new manufacturing facility in the United States. This facility will help InVivo NSA meet the growing demand for its products in the North America market.
North America Specialty Animal Feed Additives Key Market Trends
- Microbiome and Gut Health: Feed additives that improve the digestive health of animals are high in demand as companies invest in the research of animal gut health to promote better nutritional absorption.
- Traceability and Transparency: In order to address issues with food safety and quality, there is an increasing focus on traceability and transparency in the supply chain.
- Substitute sources of protein: High demand for alternative protein sources is pushing livestock farmers to rear different animals and this is why companies are focusing on developing new types of specialty animal feed additives.
North America Specialty Animal Feed Additives Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, the North America specialty animal feed additives market continues to be a vital and active part of the livestock and animal nutrition sector in the area. As customer tastes and legal requirements change, major businesses in this sector are always working to innovate and be sustainable. Growing poultry consumption is slated to create attractive growth opportunities for market players in the long run. The United States is forecasted to account for a dominant share of the North America specialty animal feed additives market through 2030. An increasing understanding of clean-label and environmentally friendly solutions may be seen in the emphasis on natural and organic additives.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 22.9 Billion |
| Market size value in 2031 | USD 41.05 billion |
| Growth Rate | 6.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on North America Specialty Animal Feed Additives Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on North America Specialty Animal Feed Additives Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the North America Specialty Animal Feed Additives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the North America Specialty Animal Feed Additives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the North America Specialty Animal Feed Additives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the North America Specialty Animal Feed Additives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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