Canada Compound Feed Market Size (2024 - 2029)

The Canadian Compound Feed Market is experiencing growth driven by the increasing demand for meat and animal products, alongside heightened awareness of quality meat and milk products. The market's expansion is supported by the regulatory framework governing the feed industry, which ensures consistency among suppliers and manufacturers. Although the number of commercial feed mills is declining, the production per mill is rising, reflecting a trend towards consolidation and economies of scale. The biofuel industry in Canada contributes to lower feed costs, further enhancing the market's growth potential.

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Market Size of Canada Compound Feed Industry

Canada Compound Feed Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.70 %
Market Concentration Medium

Major Players

Canada Compound Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

Canada Compound Feed Market Analysis

The Canadian Compound Feed Market is projected to grow at a CAGR of 3.7% during the forecast period.

  • The growing demand for meat and animal products is the major driving factor behind the growth of the compound feed market. Increased awareness regarding quality meat and milk products and increased livestock production are other factors augmenting the growth of the market studied.
  • The Canadian feed industry is highly regulated, including the Feeds Act and Feeds Regulations, which govern the day-to-day operations of feed mills and provide consistency among feed suppliers, manufacturers, and distributors. Feed mills in Canada are generally located close to livestock operations, and most feed is produced for domestic consumption. The majority of these feed mills are situated in Quebec (36%), Ontario (30%), Prairies (22%), Atlantic (9%), and BC (3%).
  • According to ANAC, the Canadian feed industry is a mature industry. The overall trend is that the number of commercial feed mills is decreasing, but the amount of feed produced per mill is increasing. This movement toward industry consolidation is similar to trends observed at the farm level, with a decrease in the number of farms but an increase in production size. This allows companies to remain competitive by benefiting from economies of scale.
  • The country's biofuel industry allows more grain input in livestock production, giving Canada the advantage of lower feed cost, which, in turn, is significantly augmenting the sales of the market studied. Some companies like Cargill Inc, Alltech Inc., Canadian Organic Feeds Limited, Trouw Nutrition Canada and Paragon Feeds Corp dominate the market.

Canada Compound Feed Industry Segmentation

Compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances, or industrial processing, whether or not containing additives. While soybean, corn, barley, wheat, and sorghum are the most commonly used raw materials, vitamins, minerals, and amino acids are the most common additives blended to form compound feed. The Canadian Compound Feed Market is Segmented by Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Others), By Ingredients (Cereal, Cakes & Meals, By-Products, And Supplements). The Supplement Segment is Further Segmented Into Vitamins, Amino Acids, Enzymes, Acidifiers, Probiotics, Prebiotics, And Other Supplements. The report offers market estimation and forecasts in value (USD million) for the above-mentioned segments.

Animal Type
Ruminants
Poultry
Swine
Aquaculture
Other Animal Types
Ingredient
Cereals
Cakes & Meals
By-products
Supplements
Vitamins
Amino Acid
Enzymes
Prebiotics and Probiotics
Acidifiers
Other Supplements
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Canada Compound Feed Market Size Summary

The Canadian Compound Feed Market is experiencing growth driven by the increasing demand for meat and animal products, alongside heightened awareness of quality meat and milk products. The market is supported by a robust livestock production sector and is governed by stringent regulations such as the Feeds Act and Feeds Regulations, ensuring consistency across feed suppliers, manufacturers, and distributors. The feed mills, primarily located near livestock operations, cater mostly to domestic consumption, with significant concentrations in Quebec, Ontario, and the Prairies. Despite a decrease in the number of commercial feed mills, the industry is witnessing consolidation, with individual mills producing more feed, thereby benefiting from economies of scale. The biofuel industry further contributes to lower feed costs, enhancing the market's sales potential. Major players like Cargill Inc., Alltech Inc., and Trouw Nutrition Canada dominate the landscape, focusing on expanding their market presence through strategic acquisitions and geographical expansions.

The market's growth is also fueled by the rising per capita consumption of red meat and poultry, which are increasingly viewed as essential protein sources across various demographics. This trend has led to a surge in demand for feed additives, boosting the compound feed sector. The commercialization of livestock has resulted in higher animal volumes, with significant production of poultry and swine, supported by highly digestible corn and soybean meal as base ingredients. Innovations in feed products, including sustainable alternatives like Enterra's whole-dried larvae, are meeting the strong demand for quality feed. The market remains moderately fragmented, with leading companies actively expanding their operations both locally and internationally. Recent developments include the acquisition of a grain and processing plant by ADDiCAN and the construction of a new feed mill by Trouw Nutrition Canada, highlighting the ongoing efforts to enhance production capabilities and meet the growing global demand for animal-sourced foods.

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Canada Compound Feed Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Animal Type

      1. 2.1.1 Ruminants

      2. 2.1.2 Poultry

      3. 2.1.3 Swine

      4. 2.1.4 Aquaculture

      5. 2.1.5 Other Animal Types

    2. 2.2 Ingredient

      1. 2.2.1 Cereals

      2. 2.2.2 Cakes & Meals

      3. 2.2.3 By-products

      4. 2.2.4 Supplements

        1. 2.2.4.1 Vitamins

        2. 2.2.4.2 Amino Acid

        3. 2.2.4.3 Enzymes

        4. 2.2.4.4 Prebiotics and Probiotics

        5. 2.2.4.5 Acidifiers

        6. 2.2.4.6 Other Supplements

Canada Compound Feed Market Size FAQs

The Canada Compound Feed Market is projected to register a CAGR of 3.70% during the forecast period (2024-2029)

Cargill, Incorporated., Alltech, Inc, Canadian Organic Feeds Limited, Trouw Nutrition Canada and Paragon Feeds Corp. are the major companies operating in the Canada Compound Feed Market.

Canada Compound Feed Market Report Snapshots

Canada Compound Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)