North America Animal Feed Market Outlook, 2029

Animal feed refers to the mixture of supplements and materials served to livestock animals, sourced from either plan, animal, organic and inorganic substances. They are also made through industrial processing whether or not containing additives. The increasing awareness among health awareness and functional benefits to animal derived products are boosting rapidly the livestock and aquaculture farming. The livestock animal needs a good and high value nutritional diet to maintain their health, growth, reproduction, and improve the quality of products procured from them. Animal feeds are smoothly digestible and are available in different forms such as crumbles, pellets, mash and others. The only driving factor behind the animal feed market is raising concern towards the wellbeing of animals. In spite of everything, the availability of raw materials, it’s fluctuating prices, quality controls and rigid government policies are still the becoming the major constraint to animal feed market. The expansion of the livestock industry, particularly in developing regions, presents additional opportunities for market growth. Urbanization and changing dietary habits are driving increased demand for meat and dairy products in countries with rising middle-class populations. For instance, the poultry segment is projected to grow rapidly due to rising consumption of chicken and eggs as affordable protein sources. This segment alone accounted for a significant share of the market in recent years. Fluctuating raw material prices pose a significant risk to producers, as costs for essential ingredients like corn and soybean can vary dramatically due to climatic conditions and global supply chain disruptions. The industry is regulated by bodies such as the FDA in the U.S. and the EFSA in Europe, which ensure safety and quality through stringent labeling, safety standards, and approval processes for additives. Demand for animal feed is driven by factors like population growth, rising incomes in developing countries, and a focus on sustainability, with a shift toward environmentally friendly feed options. According to the research report "North America Animal Feed Market Overview, 2029," published by Bonafide Research, the North America Animal Feed market was valued at more than USD 124.41 Billion in 2023. Plant based sourced products are declining their market share during the forecasted period while the animal based sourced products are gaining their significance and share both in North American market. The growth factor in consumption of meat market is surge in awareness towards intake of protein among animals. Plant based feeds are proved not well enough to support overall nutrients among animals. Due to Covid-19 pandemic, the growth rate of North American region has hampered somewhere. Production facilities have stopped producing due to ban of supply and transport systems. As global incomes rise, particularly in emerging economies like China and India, there is a notable increase in meat and dairy consumption. This trend necessitates heightened livestock production, thereby increasing the demand for high-quality animal feed. Additionally, the growing popularity of protein-rich diets among health-conscious consumers further amplifies this demand, as these diets typically include higher quantities of meat and dairy products. The demand for meat based products is going to rise among North American region. Canada is the major country where animal feed market has long and wide way to go. Canada is in high demand for Pig feed livestock where it is rapidly gaining traction in the market. Canada is the most emerging market which has a wide scope left to expand in every part. Canada imposes lower feed cost where it becomes significant for augmenting the sales of the market. The per capita consumption in North America is increasing towards consumption of meat and livestock products. Cattle feed is primarily produced for beef and dairy cattle. Major brands include Cargill, ADM Animal Nutrition, and Land O’ Lakes. The advantages of cattle feed lie in its formulation to enhance growth rates, improve milk production, and optimize overall health. The demand for cattle feed is driven by the increasing consumption of beef and dairy products, with a notable emphasis on high-quality protein sources. As the North American population grows, so does the popularity of beef and dairy, making this segment vital for the livestock industry. The poultry feed segment is one of the largest in North America, with companies like Tyson Foods, Alltech, and Nutreco leading the market. Poultry feed is designed to support optimal growth rates and egg production. The advantages include improved feed conversion ratios and enhanced bird health. The demand for poultry products, such as chicken and eggs, continues to rise due to their affordability and nutritional value. In fact, poultry meat production in North America has increased significantly over recent years, reflecting a growing preference for poultry over red meat. Pig feed is crucial for swine production, with significant contributions from brands like Perdue Farms and J.D. Heiskell & Co. The advantages of specialized pig feeds include better growth performance and disease resistance. The popularity of pork as a protein source drives demand in this segment, particularly as consumer preferences shift towards leaner meats. Moreover, advancements in nutrition technology have led to more efficient feed formulations that meet specific dietary needs. Aqua feed caters to fish farming and aquaculture industries, with brands such as Skretting and Cargill Aqua Nutrition playing prominent roles. The advantages of aqua feed include enhanced growth rates and improved health outcomes for aquatic species. As global seafood consumption increases, driven by health trends favoring fish as a lean protein source, the demand for aqua feed is expected to grow significantly.

The North American animal feed market utilizes a diverse array of ingredients to meet the nutritional requirements of various livestock species. Cereals, such as corn and wheat, are the primary energy sources in animal feed. Corn is the most widely used cereal grain, accounting for a significant portion of the feed rations for poultry, swine, and cattle. It provides a high level of energy and is relatively low in protein. Wheat is another important cereal grain used in animal feed, particularly in regions where it is readily available and cost-effective. By-products from the food and biofuel industries are commonly used in animal feed. These include distillers' dried grains with solubles (DDGS), which are a by-product of ethanol production from corn, and wheat middlings, which are a by-product of wheat milling. These ingredients provide energy, protein, and fiber, making them valuable additions to feed formulations. Oilseed meals, such as soybean meal and canola meal, are important protein sources in animal feed. Soybean meal is the most widely used protein supplement, providing a high-quality source of protein with a balanced amino acid profile. It is commonly used in poultry, swine, and cattle feeds. Canola meal is another important protein source, particularly in regions where it is readily available. Supplements are added to animal feed to enhance the nutritional value and support specific physiological needs. These include vitamins, minerals, amino acids, and enzymes. Vitamins and minerals help maintain overall health and support growth, while amino acids, such as lysine and methionine, are essential for protein synthesis. Pellets are one of the most popular forms of animal feed due to their convenience and efficiency. They are produced by compressing ground ingredients into small, uniform shapes, which helps reduce waste and improve digestibility. Pelleted feeds are widely available across North America and are favored for their ability to provide balanced nutrition while minimizing dust and spoilage. Major brands like Cargill and ADM Animal Nutrition offer a variety of pelleted feeds tailored for different livestock, including cattle, poultry, and swine. Mash is another common form of feed, consisting of a mixture of ground grains and other ingredients without any binding agents. This form is often used for poultry and can be easily mixed with water or other supplements. While mash is less processed than pellets, it can lead to higher waste due to its loose consistency. Despite this, many farmers prefer mash for its cost-effectiveness and ease of formulation. Crumbles are a transitional form between mash and pellets. They are essentially small pellets that have been broken down into crumb-sized pieces. This form is particularly popular in poultry feeds as it encourages better feed intake among chicks and young birds. Crumbles are readily available from major suppliers in North America and are appreciated for their palatability. Lastly, cubes and cakes represent other forms of animal feed that cater to specific needs. Cubes are often used in ruminant diets, providing a dense source of nutrients that can be easily consumed. Cakes, typically made from oilseed meals or other high-protein ingredients, serve as supplemental feeds for various livestock. These forms are less common than pellets or mash but find niche applications in specific livestock management practices. Plant-based proteins, such as soybeans, peas, and canola meal, are increasingly popular due to their sustainability and cost-effectiveness. These ingredients are known for their high protein content and favorable amino acid profiles, making them suitable alternatives to traditional animal proteins. For instance, soybean meal is widely used in various livestock feeds because it provides essential nutrients while being relatively low in cost. Additionally, plant-based proteins often contain antioxidants and anti-inflammatory agents that contribute to animal health and well-being. The growing consumer demand for environmentally friendly practices has further propelled the use of plant-based ingredients in animal feed, as they help reduce the carbon footprint associated with livestock farming. Animal-based proteins, including fish meal, meat and bone meal, and dairy by-products, remain a staple in the North American animal feed market due to their high nutritional value. These sources are rich in essential amino acids and have been shown to enhance growth rates and overall productivity in livestock. For example, fish meal is particularly valued for its high digestibility and nutrient density, making it an excellent choice for aquaculture and poultry feeds. The preference for animal-based protein is also driven by its ability to improve feed efficiency and promote better health outcomes among animals. However, concerns regarding sustainability and ethical sourcing have led to increasing scrutiny of animal protein production practices. The dominance of the United States in the North American animal feed industry can be attributed to several interrelated factors that create a conducive environment for growth and innovation. Firstly, the U.S. livestock sector is one of the largest in the world, with significant production of beef, poultry, and dairy products. In fact, the U.S. accounts for approximately 57% of global beef feed production, illustrating its pivotal role in the animal feed market. The high demand for meat and dairy products drives the need for efficient animal feed production, which in turn stimulates advancements in feed technology and formulation. This is further supported by a growing population that demands more protein-rich diets, leading to increased livestock production and, consequently, a higher demand for animal feed. Moreover, favorable trade agreements such as the North American Free Trade Agreement (NAFTA) have facilitated seamless trade between the U.S., Canada, and Mexico. This agreement has enabled U.S. manufacturers to export feed ingredients and finished products more efficiently across borders, bolstering domestic production capabilities while also expanding market access. The interdependence fostered by these trade agreements allows for a more integrated supply chain within North America, which is vital for meeting the growing demand for high-quality animal feed. The adoption of innovative practices in feed formulation and production processes has allowed producers to optimize nutritional content while minimizing waste. This shift towards more sustainable and nutritionally optimized products is becoming increasingly important as consumers are more aware of the health implications associated with food sources. Major Companies present in the market: Cargill Inc., Guangdong Haid Group, Chareon Pokphand Foods, For Farmers, New Hope Liuhe Co Ltd, Archer Daniels Midland Co, Feed One Co, Ltd, Alltech Inc, Nutreco N.V, Kent Nutrition Group. Considered in this report: • Geography: North America • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

Aspects covered in this report • North America animal feed market with its value and forecast along with its segments • Country-wise animal feed products market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report: • United States • Canada • Mexico Types of feed ingredients in the report: • Cereals • By-Products • Cakes & Meals • Supplements Types of feed by livestock in the report: • Cattle Feeds • Poultry Feeds • Pig Feeds • Aqua Feeds Types of form in the report: • Pellet • Mash • Crumbles • Cubes & Cakes The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Animal feed industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.