Report Overview

Increasing demand for meat and dairy products, growth in the livestock industry, adoption of advanced animal husbandry practices, and rising awareness about the benefits of balanced nutrition for livestock are propelling the growth of North America Compound Feed Market during the forecast period between 2023 and 2029.

North America Compound Feed Market – Industry Trends & Forecast Report, 2029

North America compound feed market size was estimated at USD 168.29 billion in 2022. During the forecast period between 2023 and 2029, the size of North America compound feed market is projected to grow at a CAGR of 5.88% reaching a value of USD 237.15 billion by 2029. A major factor driving the growth of the North America compound feed market is a growing emphasis on sustainable and organic feed ingredients, driven by consumer demand for environmentally friendly and healthier products. Also, there was a notable rise in the adoption of technology in feed production and management to enhance efficiency and quality. The market also saw increasing investments in research and development to develop innovative feed formulations that improve animal health and performance. Overall, the North America compound feed market was witnessing a shift toward more sustainable, technologically advanced, and nutritionally optimized solutions to meet the evolving demands of the agricultural and livestock industries.

North America Compound Feed Market - Overview

Compound feed, also known as manufactured feed or pelleted feed, is a nutritionally balanced and standardized mixture of various ingredients, designed to meet the dietary requirements of livestock and poultry. It typically contains cereals, protein sources (like soybean meal or fish meal), vitamins, minerals, and additives. The production process involves grinding, mixing, and pelletizing, ensuring uniformity and easy consumption for animals. Compound feed offers several advantages, including improved animal growth, enhanced productivity, and simplified feeding management. Widely used in modern animal husbandry, it plays a crucial role in sustaining the global food supply by efficiently converting raw materials into high-quality animal protein products.

Growth Drivers

Rising Demand for Quality Animal Protein

In recent years, the North America compound feed market has experienced a significant growth driver in the form of increased consumer demand for high-quality animal protein products. With a growing population and rising health consciousness, there has been a surge in demand for meat, dairy, and poultry products. Thus, livestock and poultry farmers are focusing on improving animal health, nutrition, and productivity. Compound feed, being a nutritionally balanced and cost-effective solution, has gained traction as an essential component in enhancing animal performance. This trend is expected to drive sustained growth in the North American compound feed market, benefiting both farmers and consumers alike.

Restraints

Growing Environmental Concerns

In the dynamic landscape of the North America compound feed market, increasing environmental concerns emerge as a prominent restraint. Heightened awareness of sustainability and climate change impacts prompts greater scrutiny of feed production methods and sourcing of raw materials. Stricter regulations on waste management, emissions, and water usage significantly impact feed manufacturers, leading to rising compliance costs. Also, consumer demand for ethically sourced and eco-friendly products drives the need for alternative feed ingredients, challenging traditional formulation practices. To thrive amidst these challenges, industry players must adopt sustainable practices and innovate resilient feed solutions to maintain their competitive edge.

Impact of COVID-19 on North America Compound Feed Market

The COVID-19 pandemic significantly impacted 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

Segmental Coverage

North America Compound Feed Market – By Ingredient

On the basis of ingredient, North America compound feed market is divided into Cereals, Cakes & Meals, and Animal B-products segments. The cereals segment is the largest in the North America compound feed market, followed by Cakes & Meals and Animal B-products. Cereals likely dominate due to their widespread use in animal feed formulations, providing essential nutrients and cost-effectiveness. The cakes & Meals segment includes oilseed cakes and meals, while Animal B-products encompass various by-products from animal processing. This market segmentation allows feed manufacturers to cater to diverse livestock needs and optimize feed production to meet the demands of the region's animal agriculture industry.

North America Compound Feed Market – By Livestock

By livestock, North America compound feed market is divided into Ruminants, Poultry, Swine, and Aquaculture segments. Each segment caters to specific animal categories, with Ruminants for cattle and sheep, Poultry for chickens and turkeys, Swine for pigs, and Aquaculture for fish and other aquatic organisms. The compound feed industry plays a crucial role in providing essential nutrition to these livestock and aquaculture species, contributing significantly to the agricultural and food production sectors in North America.

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.

North America Compound Feed Market – By Source

Based on source, North America compound feed market is split into Plant-based, and Animal-based segments. These segments play a pivotal role in shaping the region's feed industry. Each segment represents distinct feed formulations catering to the specific dietary needs of various animal species. With the growing demand for high-quality and nutritious animal feed, both plant-based and animal-based segments are witnessing significant growth and innovation. As consumers and industries increasingly emphasize sustainable and efficient feed solutions, these segments are expected to continue evolving to meet the diverse demands of the North American market.

North America Compound Feed Market – By Country

On the basis of country, North America compound feed market is divided into United States and Canada. The United States and Canada have significant livestock industries, driving the demand for compound feed products. Increased meat consumption, industrialization of animal farming, and advancements in feed technologies contribute to the growth of these markets. With a wide range of animal species being raised for commercial purposes, the compound feed industry in North America continues to play a pivotal role in supporting the livestock sector's expansion and overall agricultural economy.

Competitive Landscape

Major players in the North America compound feed 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. To expand their market share and reach, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

By Ingredient

• Cereals

• Cakes & Meals

• Animal B-products

By Livestock

• Ruminants

• Poultry

• Swine

• Aquaculture

By Form

• Mash

• Pallets

• Crumbles

By Source

• Plant- based

• Animal-based

By Country

• United States

• Canada