North America Animal Feed Market Size, Share, Opportunities, And Trends By Type (Fodder, Forage, Compound Feed), By Livestock (Pork, Aquatic Animals, Cattle, Poultry, Others), By Raw Materials (Soya, Corn, Rendered Meal, Others), By Production Systems (Integrated, Commercial Mills), And By Country - Forecasts From 2024 To 2029

The North American animal feed market is set to grow at a CAGR of 3.98% and will reach a market size of US$103.315 billion in 2029 from an initial value of US$78.636 billion in 2022.

Essential nutrients are required for animal growth and survival, just as they are for humans. The market value of animal feed has risen in tandem with increased meat, dairy, and poultry consumption. Depending on the animal, different feed doses are given. Protein-based meals, hay plants, mixed plant feeds, husks, pasture grasses, sugar beet pulp, and a variety of additional animal feeds are available on the market. Animal feed makers adhere to strict food safety regulations. The animal feed market in North America is divided into five categories: type, livestock, raw materials, manufacturing systems, and country.

Market Drivers

• Increased demand for meat products is driving the North American animal feed market growth.

The United States is one of the leading beef-producing nations in the world and high-quality red meat and dairy products demand are witnessing positive growth in the country which has positively impacted the demand for high-quality animal feed.

Additionally, milk is produced in all 50 states, with the West and North producing the most. Producer cooperatives are common among dairy farms, which are primarily family-owned and operated. The poultry industry in the United States is the world's largest producer and exporter of poultry meat, as well as a major egg producer. Beef constitutes a major part of diets in Canada, according to the USDA’s “Livestock and Product Annual” in 2022, Canada’s per capita beef consumption stood at 26.8 kg/per person which represented a 2.3% increase over 2021’s per capita consumption.

• Booming dairy product consumption has propelled the market growth.

With the growing health awareness and improvement in lifestyle, the demand for dairy products such as eggs, and milk is witnessing significant growth in major North American nations which has positively impacted the use of feed additives, thereby bolstering their demand in the animal feed market. According to USDA, livestock and poultry with an annual revenue of US$100 billion account for more than half of all agricultural cash receipts in the United States.

Likewise, feed constitutes one of the major ingredients for the poultry sector in Mexico to achieve better egg quality. Over the years demand for egg products has witnessed a positive growth in Mexico which has been further propelled by high meat prices. According to the USDA’s “Poultry and Product Annual” issued in September 2022, poultry feed accounted for 63% of egg production in Mexico. As per the same source, for 2023, per capita egg consumption stood at 25.98 kilograms.

Additional factors such as favourable investment in feed extraction technology coupled with strategic collaboration with major feed players are expected to fuel the market expansion of animal feed in the region during the forecast period.

The United States is expected to hold a significant share of the North American animal feed market.

Country-wise the North American animal feed market is segmented into the United States, Canada, and Mexico, where the United States is expected to account for a significant market share which is attributable to the booming animal farming in the country. According to Four Paws International, in March 2024, the United States reached 100% of its recommended yearly meat intake.

Moreover, the establishment of trade agreements such as the North American Free Trade Agreement (NAFTA) is also impacting the regional market as it allows for the export of feed ingredients, feed, and pet food.

Key Developments

• In March 2023: Danisco Animal Nutrition & Health launched “Axtra® PRIME” in the US to improve the overall digestion and gut health of piglets. The feed solution specifically targets challenges faced by piglets in their nutrition intake during their early age.

North America Animal Feed Market Scope:

 

Report Metric	Details
Market Size Value in 2022	US$78.636 billion
Market Size Value in 2029	US$103.315 billion
Growth Rate	CAGR of 3.98% from 2022 to 2029
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2023
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Type Livestock Raw Materials Production Systems Country
Companies Covered	Tyson Foods Alltech Cargill, Incorporated Purina Animal Nutrition (Land O’Lakes) Kemin Industries, Inc.
Regions Covered	USA, Canada, Mexico, Others
Customization Scope	Free report customization with purchase

 

Segmentation:

• By Type
  • Fodder
  • Forage
  • Compound Feed
• By Livestock
  • Pork
  • Aquatic Animals
  • Cattle
  • Poultry
  • Others
• By Raw Materials
  • Soya
  • Corn
  • Rendered Meal
  • Others
• By Production Systems
  • Integrated
  • Commercial mills
• By Country
  • USA
  • Canada
  • Mexico
  • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits to the stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. NORTH AMERICA ANIMAL FEED MARKET BY TYPE

5.1. Introduction

5.2. Fodder

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Forage

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

5.4. Compound Feed

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness

6. NORTH AMERICA ANIMAL FEED MARKET BY LIVESTOCK

6.1. Introduction

6.2. Pork

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Aquatic Animal

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

6.4. Cattle

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.4.3. Geographic Lucrativeness

6.5. Poultry

6.5.1. Market Trends and Opportunities

6.5.2. Growth Prospects

6.5.3. Geographic Lucrativeness

6.6. Others

6.6.1. Market Trends and Opportunities

6.6.2. Growth Prospects

6.6.3. Geographic Lucrativeness

7. NORTH AMERICA ANIMAL FEED MARKET BY RAW MATERIAL

7.1. Introduction

7.2. Soya

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Corn

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

7.4. Rendered Meal

7.4.1. Market Trends and Opportunities

7.4.2. Growth Prospects

7.4.3. Geographic Lucrativeness

7.5. Others

7.5.1. Market Trends and Opportunities

7.5.2. Growth Prospects

7.5.3. Geographic Lucrativeness

8. NORTH AMERICA ANIMAL FEED MARKET BY PRODUCTION SYSTEM

8.1. Introduction

8.2. Integrated

8.2.1. Market Trends and Opportunities

8.2.2. Growth Prospects

8.2.3. Geographic Lucrativeness

8.3. Commercial Mills

8.3.1. Market Trends and Opportunities

8.3.2. Growth Prospects

8.3.3. Geographic Lucrativeness

9. NORTH AMERICA ANIMAL FEED MARKET BY COUNTRY

9.1. Introduction

9.2. United States

9.2.1. Market Trends and Opportunities

9.2.2. Growth Prospects

9.2.3. Geographic Lucrativeness

9.3. Canada

9.3.1. Market Trends and Opportunities

9.3.2. Growth Prospects

9.3.3. Geographic Lucrativeness

9.4. Mexico

9.4.1. Market Trends and Opportunities

9.4.2. Growth Prospects

9.4.3. Geographic Lucrativeness

9.5. Others

9.5.1. Market Trends and Opportunities

9.5.2. Growth Prospects

9.5.3. Geographic Lucrativeness

9.5.4. 

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Tyson Foods

11.2. Alltech

11.3. Cargill, Incorporated

11.4. Purina Animal Nutrition (Land O’Lakes)

11.5. Kemin Industries, Inc.

11.6. BASF SE

11.7. Hi-Pro Feeds

11.8. Kent Nutrition Group

11.9. Perdue Farms

11.10. Archer Daniels Midland Company

Tyson Foods

Alltech

Cargill, Incorporated

Purina Animal Nutrition (Land O’Lakes)

Kemin Industries, Inc.

BASF SE

Hi-Pro Feeds

Kent Nutrition Group

Perdue Farms

Archer Daniels Midland Company