Market Size of north america feed additives Industry
Study Period | 2017 - 2029 | |
Market Size (2024) | USD 9.54 Billion | |
Market Size (2029) | USD 12.54 Billion | |
Largest Share by Additive | Amino Acids | |
CAGR (2024 - 2029) | 5.63 % | |
Largest Share by Country | United States | |
Major Players |
||
|
||
*Disclaimer: Major Players sorted in no particular order |
North America Feed Additives Market Analysis
The North America Feed Additives Market size is estimated at 9.54 billion USD in 2024, and is expected to reach 12.54 billion USD by 2029, growing at a CAGR of 5.63% during the forecast period (2024-2029).
9.54 Billion
Market Size in 2024 (USD)
12.54 Billion
Market Size in 2029 (USD)
7.54 %
CAGR (2017-2023)
5.63 %
CAGR (2024-2029)
Largest Market by Additive
20.70 %
value share, Amino Acids, 2023
The amino acids segment is the largest due to amino acids’ benefits and applications in animals for different purposes such as gut health, muscle development, and egg formation.
Largest Market by Country
70.07 %
value share, United States, 2023
The United States is the largest country due to the increase in the demand for meat and livestock products and the need for nutrients to promote animal growth.
Fastest-growing Market by Additive
6.77 %
Projected CAGR, Acidifiers, 2024-2029
Additive is the fastest-growing segment as it helps increase the animal's feed intake, provides resistance to harmful pathogens such as bacteria, and reduces the dependence on antibiotics.
Fastest-growing Market by Country
6.12 %
Projected CAGR, United States, 2024-2029
The increase in the demand for meat and livestock products and feed production has helped the US market be the fastest-growing region.
Leading Market Player
8.23 %
market share, Archer Daniel Midland Co., 2022
Archer Daniel Midland Co. is the market leader as the company is focused on acquiring and expanding its R&D centers in the North American region.
- Supplementation of feed additives in the animal diet improves the quality and digestibility of feed and improves animal performance. Hence, the feed additives market in the North American region is expected to register a CAGR of 5.6% during the forecast period.
- The market value of feed additives in the region increased in 2019 by 16% compared to 2018 because of the increase in the market value of every additive type, as feed production for ruminants increased in 2019 in the region.
- In 2022, amino acids, binders, minerals, probiotics, and prebiotics were the major feed additive types used in livestock feed in North America, which together accounted for 62.5% of the region's total feed additives market by value.
- In North America, lysine and methionine were the most significant feed amino acids with respect to the market value, which together accounted for 73% of the North American feed amino acids market by value in 2022. The higher share of lysine and methionine was due to their increased efficiencies and benefits with improved gut health and easy digestion in animals.
- Among binders, synthetic binders held the largest share in 2022, amounting to 65.6% of the regional binders market. The use of synthetic binders is driven by their ability to improve the quality of feed by increasing pellet durability.
- During the forecast period, acidifiers segment are expected to be the fastest-growing feed additive types in the North American feed additives market, recording a CAGR of 6.7% owing to their ability to replace antibiotics usage.
- Thus, based on the abovementioned factors and the importance of feed additives in animal nutrition, the demand for feed additives is anticipated to grow in the region during the forecast period.
- The North American feed additive market is growing rapidly, making it the fastest-growing region globally. It is projected to maintain a CAGR of 5.6% during the forecast period, growing from a value of USD 8.58 billion in 2022 to USD 12.5 billion in 2029. The rapid expansion is attributed to a 30.2% increase in feed production over the historical period from 2017 to 2022.
- Feed amino acids are the dominant additives in the North American region, with a market value of USD 1.7 billion in 2022. This high share is due to their ability to improve efficiency. However, acidifiers are expected to grow at the fastest rate, recording a CAGR of 6.7% during the forecast period. This is due to restrictions on antibiotics usage in the region.
- Among all animal types, ruminants were the most significant users of feed additives in 2022, with a market value of USD 3.0 billion, representing 35.6% of the North American feed additives market. The growth in beef consumption in the commercial food industry has increased the usage of additives in this segment. The swine and poultry segments are the region's second and third fastest-growing feed additive usage segments, with CAGRs of 5.6% and 5.3%, respectively, during the forecast period. This growth is attributed to the increase in the number of poultry and swine heads, driven by rising consumption.
- The United States has the largest feed additives market in North America, accounting for 69.7% of the regional feed additives market in 2022. Amino acids, binders, minerals, probiotics, and prebiotics were the major feed additive types used in animal feed in the United States, collectively accounting for 62.7% of the US feed additives market.
North America Feed Additives Industry Segmentation North America Feed Additives Industry Segmentation
Acidifiers, Amino Acids, Antibiotics, Antioxidants, Binders, Enzymes, Flavors & Sweeteners, Minerals, Mycotoxin Detoxifiers, Phytogenics, Pigments, Prebiotics, Probiotics, Vitamins, Yeast are covered as segments by Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Canada, Mexico, United States are covered as segments by Country.
- Supplementation of feed additives in the animal diet improves the quality and digestibility of feed and improves animal performance. Hence, the feed additives market in the North American region is expected to register a CAGR of 5.6% during the forecast period.
- The market value of feed additives in the region increased in 2019 by 16% compared to 2018 because of the increase in the market value of every additive type, as feed production for ruminants increased in 2019 in the region.
- In 2022, amino acids, binders, minerals, probiotics, and prebiotics were the major feed additive types used in livestock feed in North America, which together accounted for 62.5% of the region's total feed additives market by value.
- In North America, lysine and methionine were the most significant feed amino acids with respect to the market value, which together accounted for 73% of the North American feed amino acids market by value in 2022. The higher share of lysine and methionine was due to their increased efficiencies and benefits with improved gut health and easy digestion in animals.
- Among binders, synthetic binders held the largest share in 2022, amounting to 65.6% of the regional binders market. The use of synthetic binders is driven by their ability to improve the quality of feed by increasing pellet durability.
- During the forecast period, acidifiers segment are expected to be the fastest-growing feed additive types in the North American feed additives market, recording a CAGR of 6.7% owing to their ability to replace antibiotics usage.
- Thus, based on the abovementioned factors and the importance of feed additives in animal nutrition, the demand for feed additives is anticipated to grow in the region during the forecast period.
Additive | |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
| |||||||||||
|
Animal | |||||||
| |||||||
| |||||||
| |||||||
Swine | |||||||
Other Animals |
Country | |
Canada | |
Mexico | |
United States | |
Rest of North America |
North America Feed Additives Market Size Summary
The North America Feed Additives Market is experiencing significant growth, driven by the increasing demand for improved animal nutrition and performance. Feed additives play a crucial role in enhancing the quality and digestibility of animal feed, which in turn boosts animal health and productivity. The market is characterized by a diverse range of additives, including amino acids, binders, minerals, probiotics, and prebiotics, with amino acids like lysine and methionine being particularly prominent due to their benefits in gut health and digestion. The use of synthetic binders is also on the rise, as they enhance feed quality by improving pellet durability. The market is expected to continue its upward trajectory, with acidifiers anticipated to be the fastest-growing segment, driven by their potential to replace antibiotics in animal diets.
The North American region, particularly the United States, dominates the feed additives market, accounting for a substantial share of the regional market. The growth in beef consumption and the increasing number of poultry and swine heads are contributing to the rising demand for feed additives. The poultry industry, in particular, has seen significant expansion, with the United States leading in poultry production and export. This growth is fueled by the rising demand for poultry meat as a healthier protein source. Additionally, the aquaculture sector is witnessing increased feed production to meet the growing demand for seafood, with fish feed being a major segment. The market is fragmented, with key players like Adisseo, Archer Daniel Midland Co., DSM Nutritional Products AG, Evonik Industries AG, and SHV (Nutreco NV) playing significant roles in shaping the industry's landscape through strategic acquisitions and partnerships.
North America Feed Additives Market Size - Table of Contents
-
1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
-
1.1 Additive
-
1.1.1 Acidifiers
-
1.1.1.1 By Sub Additive
-
1.1.1.1.1 Fumaric Acid
-
1.1.1.1.2 Lactic Acid
-
1.1.1.1.3 Propionic Acid
-
1.1.1.1.4 Other Acidifiers
-
-
-
1.1.2 Amino Acids
-
1.1.2.1 By Sub Additive
-
1.1.2.1.1 Lysine
-
1.1.2.1.2 Methionine
-
1.1.2.1.3 Threonine
-
1.1.2.1.4 Tryptophan
-
1.1.2.1.5 Other Amino Acids
-
-
-
1.1.3 Antibiotics
-
1.1.3.1 By Sub Additive
-
1.1.3.1.1 Bacitracin
-
1.1.3.1.2 Penicillins
-
1.1.3.1.3 Tetracyclines
-
1.1.3.1.4 Tylosin
-
1.1.3.1.5 Other Antibiotics
-
-
-
1.1.4 Antioxidants
-
1.1.4.1 By Sub Additive
-
1.1.4.1.1 Butylated Hydroxyanisole (BHA)
-
1.1.4.1.2 Butylated Hydroxytoluene (BHT)
-
1.1.4.1.3 Citric Acid
-
1.1.4.1.4 Ethoxyquin
-
1.1.4.1.5 Propyl Gallate
-
1.1.4.1.6 Tocopherols
-
1.1.4.1.7 Other Antioxidants
-
-
-
1.1.5 Binders
-
1.1.5.1 By Sub Additive
-
1.1.5.1.1 Natural Binders
-
1.1.5.1.2 Synthetic Binders
-
-
-
1.1.6 Enzymes
-
1.1.6.1 By Sub Additive
-
1.1.6.1.1 Carbohydrases
-
1.1.6.1.2 Phytases
-
1.1.6.1.3 Other Enzymes
-
-
-
1.1.7 Flavors & Sweeteners
-
1.1.7.1 By Sub Additive
-
1.1.7.1.1 Flavors
-
1.1.7.1.2 Sweeteners
-
-
-
1.1.8 Minerals
-
1.1.8.1 By Sub Additive
-
1.1.8.1.1 Macrominerals
-
1.1.8.1.2 Microminerals
-
-
-
1.1.9 Mycotoxin Detoxifiers
-
1.1.9.1 By Sub Additive
-
1.1.9.1.1 Binders
-
1.1.9.1.2 Biotransformers
-
-
-
1.1.10 Phytogenics
-
1.1.10.1 By Sub Additive
-
1.1.10.1.1 Essential Oil
-
1.1.10.1.2 Herbs & Spices
-
1.1.10.1.3 Other Phytogenics
-
-
-
1.1.11 Pigments
-
1.1.11.1 By Sub Additive
-
1.1.11.1.1 Carotenoids
-
1.1.11.1.2 Curcumin & Spirulina
-
-
-
1.1.12 Prebiotics
-
1.1.12.1 By Sub Additive
-
1.1.12.1.1 Fructo Oligosaccharides
-
1.1.12.1.2 Galacto Oligosaccharides
-
1.1.12.1.3 Inulin
-
1.1.12.1.4 Lactulose
-
1.1.12.1.5 Mannan Oligosaccharides
-
1.1.12.1.6 Xylo Oligosaccharides
-
1.1.12.1.7 Other Prebiotics
-
-
-
1.1.13 Probiotics
-
1.1.13.1 By Sub Additive
-
1.1.13.1.1 Bifidobacteria
-
1.1.13.1.2 Enterococcus
-
1.1.13.1.3 Lactobacilli
-
1.1.13.1.4 Pediococcus
-
1.1.13.1.5 Streptococcus
-
1.1.13.1.6 Other Probiotics
-
-
-
1.1.14 Vitamins
-
1.1.14.1 By Sub Additive
-
1.1.14.1.1 Vitamin A
-
1.1.14.1.2 Vitamin B
-
1.1.14.1.3 Vitamin C
-
1.1.14.1.4 Vitamin E
-
1.1.14.1.5 Other Vitamins
-
-
-
1.1.15 Yeast
-
1.1.15.1 By Sub Additive
-
1.1.15.1.1 Live Yeast
-
1.1.15.1.2 Selenium Yeast
-
1.1.15.1.3 Spent Yeast
-
1.1.15.1.4 Torula Dried Yeast
-
1.1.15.1.5 Whey Yeast
-
1.1.15.1.6 Yeast Derivatives
-
-
-
-
1.2 Animal
-
1.2.1 Aquaculture
-
1.2.1.1 By Sub Animal
-
1.2.1.1.1 Fish
-
1.2.1.1.2 Shrimp
-
1.2.1.1.3 Other Aquaculture Species
-
-
-
1.2.2 Poultry
-
1.2.2.1 By Sub Animal
-
1.2.2.1.1 Broiler
-
1.2.2.1.2 Layer
-
1.2.2.1.3 Other Poultry Birds
-
-
-
1.2.3 Ruminants
-
1.2.3.1 By Sub Animal
-
1.2.3.1.1 Beef Cattle
-
1.2.3.1.2 Dairy Cattle
-
1.2.3.1.3 Other Ruminants
-
-
-
1.2.4 Swine
-
1.2.5 Other Animals
-
-
1.3 Country
-
1.3.1 Canada
-
1.3.2 Mexico
-
1.3.3 United States
-
1.3.4 Rest of North America
-
-
North America Feed Additives Market Size FAQs
How big is the North America Feed Additives Market?
The North America Feed Additives Market size is expected to reach USD 9.54 billion in 2024 and grow at a CAGR of 5.63% to reach USD 12.54 billion by 2029.
What is the current North America Feed Additives Market size?
In 2024, the North America Feed Additives Market size is expected to reach USD 9.54 billion.