Canada's animal feed market is expected to exceed USD 2 billion by 2024-29, influenced by innovations and a focus on sustainable farming practices.
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The animal feed industry in Canada is a vital component of the country's agricultural sector, supporting the production and sustainability of livestock, poultry, and aquaculture operations across the nation. With its vast agricultural resources and commitment to high-quality standards, Canada has developed a robust and dynamic animal feed industry. The industry encompasses a wide range of activities, from sourcing and processing feed ingredients to formulating and manufacturing finished feeds. Additionally, the country has a strong livestock sector, including dairy, beef, poultry, and swine, which provides a steady demand for animal feed. The industry places great emphasis on producing feeds that are safe, nutritionally balanced, and meet strict regulatory standards. Canadian feed manufacturers prioritize animal health, performance, and welfare, ensuring that feeds are formulated to provide optimal nutrition for various species and production stages. Moreover, the industry is committed to sustainability, incorporating practices that reduce environmental impact, promote responsible sourcing of ingredients, and optimize resource utilization. With a focus on innovation and research, the animal feed industry in Canada continues to evolve, embracing new technologies and techniques to improve feed efficiency, animal productivity, and overall industry sustainability. Poultry feed by livestock type is highest in demand, driven by the demand for poultry meat products by consumers. The rising population further boosts the demand for poultry meat, but the rising feed prices hamper the market's growth. Since poultry meat is the cheapest form of meat available, consumers' consumption is high. Increased demand for organic feed and industrial livestock production further augments the market's growth. Poultry requires a lot of protein, fats, and calcium, which poultry by-products and fish meals provide.
According to the research report, "Canada Animal Feed Market Outlook, 2029," published by Bonafide Research, the Canada Animal Feed market is anticipated to add to more than USD 2000 Million by 2024–29. The animal feed industry in Canada has been influenced by technological advancements, including improved feed formulation techniques, precision feeding systems, and advanced processing technologies. These innovations enhance feed efficiency, improve nutrient utilization, and contribute to better animal health and performance. There is a growing emphasis on animal health and welfare within the animal feed industry. Consumers are increasingly concerned about the quality of the products they consume, and this extends to the well-being of the animals involved in food production. The industry is responding by developing feeds that promote animal health, minimize the use of antibiotics, and support ethical animal husbandry practices. Aqua feed farming is increasingly being commercialised with its demands, resulting in an increased demand for feed to raise them. On the other hand, cattle feed remains with more market share as it is the most demanded meat by consumers. Animal supplements are expected to be in demand over the forecast period as the animals are deprived of vitamins and minerals from the feed they are fed. Also, due to low feed quality and to improve their structural body composition, supplements are fed to animals. The pellet form of animal feed is expected to remain the main form of feed, but the crumbled form is also expected to be in demand during future years. Plant-based sources remain the main source of protein for animal feed as they provide a range of benefits for both the animals as well as feed manufacturers. The high prices of animal feed and their raw materials act as a hindrance as farmers do not want to invest a major chunk of their income in feeds. Demand for animal feed in the country is increasing with greater emphasis on animal health as well as rapid growth in animal farming, which are expected to increase its demands in the future.
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