North America Animal Feed Market: Growth and Trends

The North American animal feed market is projected to grow from US$ 85,635.32 million in 2018 to US$ 118,570.29 million by 2027, exhibiting a CAGR of 3.6% between 2019 and 2027.

This growth is primarily fueled by two key factors: a rise in industrial livestock production and an increasing demand for protein-rich animal feed. However, the market faces a potential challenge due to the implementation of stringent regulations on animal husbandry, which could negatively impact its

Market Introduction

The food given to domestic or farm animals in the course of animal husbandry is called an animal feed. Fodder and forage are the two main types of animal feed. Animal feed is mostly of vegetarian origin prepared for farm animals. The supply of good quality animal feed ensures improvements such as production, metabolism, and health responses in animals. Corn, soybeans, barley, and oats are some vital ingredients used in the making of animal feed.

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North America Animal Feed: Strategic Insights for Market Leadership

Gain a competitive edge in the North American animal feed industry with our data-driven strategic insights. This analysis provides a comprehensive understanding of the current market landscape, including emerging trends, profiles of key players, and crucial regional nuances.

Our actionable recommendations are designed to help you:

• Differentiate from competitors by identifying untapped market segments.
• Develop unique value propositions that resonate with customers.
• Anticipate market shifts and position your business for long-term success.

Whether you're an investor, manufacturer, or other stakeholder, these future-oriented insights empower you to make informed decisions that drive profitability and achieve your business objectives in this dynamic region.

key company profiles

·  Archer Daniels Midland Co.

• Cargill Inc.
• Charoen Pokphand Foods Plc
• Evonik Industries AG
• Land O'Lakes, Inc.
• New Hope Group Co. Ltd.
• Nutreco NV
• Perdue Farms, Inc.
  
  North America Animal Feed Regional Insights

The geographic scope of the North America Animal Feed refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Impact of COVID-19 on the North American Animal Feed Market

The COVID-19 pandemic, which originated in Wuhan, China, in December 2019 and subsequently spread globally, significantly impacted the North American food and beverage industry. This industry faced considerable disruptions, including supply chain breaks, lockdowns, travel bans, and business shutdowns. Given that the United States reported the highest number of COVID-19 cases compared to Canada and Mexico, these disruptions directly affected the region's food and beverage sector and its associated supply chains. Furthermore, delays in manufacturing processes, research, and development activities across the board hindered overall market growth.

Key Market Segments and Trends

In terms of form, the pellets segment is projected to hold the largest share of the animal feed market by 2027. Looking at livestock categories, the poultry segment held the most significant share of the North American animal feed market in 2018.

Major Industry Players

Key companies operating in the North American animal feed market include Archer Daniels Midland Co., Cargill Inc., Charoen Pokphand Foods Plc., Evonik Industries AG, Land O'Lakes, Inc., New Hope Group Co. Ltd, Nutreco NV, and Perdue Farms, Inc.

Why Understand This Market?

Analyzing the North American animal feed market provides valuable insights for several strategic reasons:

• Identifying high-return segments: Pinpoint market segments most likely to offer strong returns on investment.
• Navigating the competitive landscape: Stay competitive by understanding the evolving dynamics of the market.
• Strategic business planning: Efficiently plan mergers, acquisitions, and partnerships by identifying promising sales segments.
• Informed decision-making: Make well-informed business decisions based on a comprehensive analysis of market performance across various segments.
• Future revenue forecasting: Obtain market revenue forecasts for the North American animal feed market by segment from 2018 to 2030.

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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights