North America Compound Feed Market

North America Compound Feed Market Size Set to Reach USD 237.15 Billion by 2029

Published | 11 August 2023

North America compound feed market is flourishing due to increasing demand for meat and dairy products, expansion of livestock production, adoption of advanced animal nutrition technologies, and rising awareness about the benefits of using compound feed for livestock.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated North America compound feed market size at USD 168.29 billion in 2022. During the forecast period between 2023 and 2029, North America compound feed market size is to grow at a robust CAGR of 5.88% reaching a value of USD 237.15 billion by 2029. Growing emphasis on sustainable and organic feed components, fueled by customer demand for ecologically friendly and healthier goods, is a major factor behind the expansion of the North America compound feed market. To improve efficiency and quality, there was a noticeable increase in the use of technology in feed production and management. Also, the market witnessed a rise in the amount of money spent on R&D to create novel feed formulations that enhance animal performance and health. To fulfill the changing needs of the agricultural and animal industries, the North America compound feed market was generally observing a shift towards more sustainable, technologically sophisticated, and nutritionally optimized products.

North America Compound Feed Market – Overview

A nutritionally sound and standardized blend of several ingredients known as compound feed, often referred to as produced feed or pelleted feed, is created to suit the dietary needs of cattle and poultry. Cereals, protein sources (such as fish or soybean meal), vitamins, minerals, and additives are frequently included. Pelletizing, grinding, and mixing are all steps in the production procedure that guarantee consistency and animal consumption ease. Compound feed has several benefits, including better animal growth, increased productivity, and easier feeding administration. By effectively transforming raw materials into high-quality animal protein products, it is widely employed in contemporary animal husbandry and contributes significantly to the sustainability of the world's food supply.

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Impact of COVID-19 on North America Compound Feed Market

The COVID-19 pandemic adversely affected the North America compound feed market. As the virus spread, disruptions in the supply chain and restrictions on transportation led to challenges in sourcing raw materials. Lockdowns and reduced economic activity affected livestock production and consumption patterns, resulting in fluctuating demand for compound feed products. Also, the closure of restaurants and food service industries reduced demand for certain animal products. Amidst these challenges, the industry adapted to new safety protocols and digital solutions to maintain operations. While the market experienced short-term fluctuations, it also witnessed opportunities for innovation and growth in response to changing consumer behavior and market dynamics.

North America Compound Feed Market – By Form

Based on form, North America compound feed market is divided into Mash, Pallets, and Crumbles segments. The mash segment is the largest in the North America compound feed market. Alongside "Pallets" and "Crumbles," these segments categorize the market. However, "Mash" outperforms the others, exhibiting substantial demand and consumption. The compound feed industry in North America experiences significant growth, with "Mash" playing a crucial role in catering to the diverse needs of livestock and poultry. This dominant segment is driven by various factors, including cost-effectiveness, nutritional benefits, and ease of consumption for animals, making it a key player in the region's compound feed market.

Competitive Landscape

North America compound feed market is fiercely competitive. Major companies in the market include Charoen Pokphand Foods, Cargill Inc., Land O Lakes Purina, Alltech Inc., Archer Daniels Midland, ForFarmers, DeKalb Feeds, Kent Feeds, Weston Milling Animal Nutrition, and Nutreco NV. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in North America compound feed market.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of North America Compound Feed Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in North America Compound Feed Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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