North America Feed Minerals Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.11 Billion |
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Market Size (2029) | USD 1.44 Billion |
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Largest Share by Sub Additive | Macrominerals |
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CAGR (2024 - 2029) | 5.31 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Feed Minerals Market Analysis
The North America Feed Minerals Market size is estimated at 1.11 billion USD in 2024, and is expected to reach 1.44 billion USD by 2029, growing at a CAGR of 5.31% during the forecast period (2024-2029).
1.11 Billion
Market Size in 2024 (USD)
1.44 Billion
Market Size in 2029 (USD)
8.60 %
CAGR (2017-2023)
5.31 %
CAGR (2024-2029)
Largest Market by Sub-Additive
89.03 %
value share, Macrominerals, 2023
Macrominerals is the largest segment because of the increase in diseases due to the deficiency of nutrients and increased demand for milk, meat, and egg products.
Largest Market by Country
70.38 %
value share, United States, 2023
The United States is the largest country with rising demand for meat. The awareness regarding healthy diets in animal feeds, along with feed mineral usage, has increased in the country.
Fastest-growing Market by Sub-Additive
5.39 %
Projected CAGR, Macrominerals, 2024-2029
It is the fastest-growing subadditive as macrominerals are mainly used as supplements in compound feed. It helps in many physiological reactions in the animal body.
Fastest-growing Market by Country
5.90 %
Projected CAGR, United States, 2024-2029
The United States is the fastest-growing country in the market as feed production increased by more than 86% during 2016-2022. This increase was also owing to the rising demand for poultry and beef meat.
Leading Market Player
11.91 %
market share, Archer Daniel Midland Co., 2022
Archer Daniel Midland Co. is the market leader because it focuses on expanding its R&D centers in the region to gain market share.
- In North America, macrominerals were the largest feed mineral sub-additives in 2022 because of their importance in growth, development, production, immune function, and reproductive performance. They are also expected to be the fastest-growing segment in feed minerals type at a CAGR of 5.3% during the forecast period. The market value rapidly increased in 2019 because of an increase in feed production.
- In 2022, the United States was the largest country with respect to the feed minerals market, including the sub-additives individually. In the United States, macrominerals were the largest feed mineral types accounting for more than 89.1% of the mineral market in 2022.
- The higher market share is associated with the increased usage of minerals, as the deficiency of minerals in animals leads to diseases. For instance, prolonged calcium deficiency that may occur in young animals may result in rickets and osteoporosis in adults in cattle.
- According to 2022 estimates, macrominerals accounted for 89% of the total feed minerals market value in North America. Ruminants had the largest share, with 52% in the region, due to their importance in preventing acidosis and alkalis in ruminants.
- In North America, microminerals accounted for only 10.9% of the total feed minerals market in 2022. Out of the total feed microminerals market, poultry animals were the most used animal type segment in the region, with 42.8% of the market share in 2022. It is associated with the importance of microminerals in the growth of poultry birds.
- All the feed mineral types are expected to grow at a similar rate during the forecast period in the region owing to their benefits and application in all the animal types for different purposes, including bone, teeth and muscle development, and egg formation.
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- The North American feed minerals market has been steadily growing, with an increasing demand for meat and dairy products contributing to the usage of feed minerals in animal feed production. In 2022, the feed minerals market accounted for 11.7% of the total feed additives market, amounting to USD 1 billion. This growth is largely due to the increased production of animal feed, especially in the United States, where the market grew by 25.8% in 2019 compared to 2018.
- Macrominerals are the most consumed minerals in North America, with a market value of USD 896.1 million in 2022, followed by microminerals with a market value of USD 111 million. Ruminants were the most significant users of feed minerals in 2022, accounting for 52.3% of the total feed minerals market in North America, with a market value of USD 0.5 billion. Poultry birds followed closely behind with a market share of 28.9%.
- The increasing consumption of beef and demand for milk products in both households and the commercial food industry has resulted in an increase in the usage of minerals for animal growth. Over 70% of the total feed minerals usage in ruminants in 2022 was used for beef cattle.
- The United States is the largest feed minerals market in North America, with a market share of 70% in 2022. It is also the fastest-growing country in the feed minerals market, with a CAGR of 5.9% during the forecast period. Mexico is also growing steadily with a CAGR of 4.1%, largely due to the increase in consumption of beef and demand for milk and milk products.
- With an expected increase in demand for packaged products such as milk, yogurt, beef sausages, etc., the minerals market is expected to continue to grow further in North America.
North America Feed Minerals Market Trends
Higher consumption of poultry meat than red meat and the United States is globally largest producer of eggs and poultry meat is driving the demand for poultry production
- The North American poultry industry experienced significant growth over the last five years, with the poultry headcount increasing by 5.0% from 2017 to 2022. This growth is largely due to the increasing demand for poultry meat and other poultry products. The United States dominates the North American poultry industry as the world's largest producer and second-largest exporter of poultry meat, as well as a major egg producer. The United States accounted for 62.0% of the region's total poultry production in 2022. The high-profit margin in the industry is attracting new poultry producers, leading to an increase in the number of producers in the region. For example, the number of egg producers in Canada increased from 1,062 in 2016 to 1,205 in 2021.
- Poultry birds, especially broiler meat, are produced in large quantities due to their quick maturity and market weight, which is faster than other livestock. Poultry birds, including broilers, can be raised in small spaces, making it possible for producers to raise poultry in a variety of environments, including small plots of land. These advantages make poultry production more feasible. As a result, Mexican poultry production increased by 12% in 2022 from the previous year.
- Poultry meat consumption is significantly higher than that of beef or pork. More people are choosing poultry as a leaner, healthier source of protein due to the rising health risks linked to eating red meat. This trend is expected to continue, driving the growth of the poultry industry in the region. The increasing demand for poultry products from both domestic and international markets and rising poultry production are expected to further drive the growth of the market during the forecast period.
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Expansion of retail industry, and demand for high-quality seafood is increasing the demand for macro-nutrients and micro-nutrients rich aquaculture feed
- Aquaculture feed production in the North American region accounted for a small fraction of global production, representing only 3.8% in 2022. However, the demand for diverse seafood products is driving local production, and feed production grew by 9.2% between 2017 and 2022. In response to the increasing demand for nutritionally balanced feed, feed millers in the region are expected to increase production from 2.2 million metric tons in 2022 to 2.6 million metric tons in 2029. The compound feed offered to aquaculture species contains the macro- and micronutrients needed for healthy growth under intensive rearing conditions, which is contributing to the increased demand for aquaculture feed in the region.
- Fish, which accounted for 73.2% of feed production in 2022, is the most prominent species in terms of feed production. The rising awareness of the health benefits of fish in the human diet, changing food consumption patterns, the expansion of the retail sector, and high demand in the international market are contributing to the growth of fish production in the region. Fish feed production is expected to increase from 1.6 million metric tons in 2022 to 1.9 million metric tons in 2029 as producers focus on nutritional management to ensure the health and performance of their animals.
- Canada's aquaculture producers spent USD 393.8 million on feed in 2020, a 6.6% increase from 2016, demonstrating the increasing demand for high-quality aquatic food. Overall, the increasing demand for diverse seafood products and the need for nutritionally balanced feed for aquaculture species are expected to drive the growth of aquaculture feed production in the North American region in the coming years.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Ruminants population is increasing due to high export potential of beef for food processing industries and the United States account for 54.9% of region's population
- North America is second largest global poultry feed producer with the rising profitability of broiler chicken production and increased demand for poultry products such as meat and eggs
- The United States being a significant producer of swine feed and compound feed producers investing to increase production are expected to drive the growth of swine feed production
- United States dominating the swine population and Canada being third largest exporter of live pigs and pork will help in increasing the swine population to meet the demand for protein rich-meat
- High demand for nutrition rich feed for high yield and increased beef cattle production are driving the demand for ruminants compound feed
North America Feed Minerals Industry Overview
The North America Feed Minerals Market is fragmented, with the top five companies occupying 39.29%. The major players in this market are Archer Daniel Midland Co., Cargill Inc., Land O'Lakes, Phibro Animal Health Corporation and SHV (Nutreco NV) (sorted alphabetically).
North America Feed Minerals Market Leaders
Archer Daniel Midland Co.
Cargill Inc.
Land O'Lakes
Phibro Animal Health Corporation
SHV (Nutreco NV)
Other important companies include Adisseo, Alltech, Inc., BASF SE, Kemin Industries, Novus International, Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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North America Feed Minerals Market News
- January 2023: Novus International acquired the Biotech company Agrivida to develop new feed additives.
- May 2022: Kemin Industries has opened new offices and a distribution center in Mexico to serve Kemin Animal Nutrition by providing the highest-quality services and customized solutions.
- April 2022: Cargill expanded its Global Animal Nutrition Center in the United States with an investment of USD 50 million to develop a new dairy innovation unit and a Research and Development (R&D) center.
Free with this Report
We provide a complimentary and exhaustive set of data points on regional and country-level metrics that present the fundamental structure of the industry. Presented in the form of 35+ free charts, the section covers difficult-to-find data of various regions on feed production through various animal categories such as Ruminants, Poultry, Swine, and Aquaculture.
North America Feed Minerals Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 Animal Headcount
- 4.1.1 Poultry
- 4.1.2 Ruminants
- 4.1.3 Swine
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4.2 Feed Production
- 4.2.1 Aquaculture
- 4.2.2 Poultry
- 4.2.3 Ruminants
- 4.2.4 Swine
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4.3 Regulatory Framework
- 4.3.1 Canada
- 4.3.2 Mexico
- 4.3.3 United States
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Sub Additive
- 5.1.1 Macrominerals
- 5.1.2 Microminerals
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5.2 Animal
- 5.2.1 Aquaculture
- 5.2.1.1 By Sub Animal
- 5.2.1.1.1 Fish
- 5.2.1.1.2 Shrimp
- 5.2.1.1.3 Other Aquaculture Species
- 5.2.2 Poultry
- 5.2.2.1 By Sub Animal
- 5.2.2.1.1 Broiler
- 5.2.2.1.2 Layer
- 5.2.2.1.3 Other Poultry Birds
- 5.2.3 Ruminants
- 5.2.3.1 By Sub Animal
- 5.2.3.1.1 Beef Cattle
- 5.2.3.1.2 Dairy Cattle
- 5.2.3.1.3 Other Ruminants
- 5.2.4 Swine
- 5.2.5 Other Animals
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5.3 Country
- 5.3.1 Canada
- 5.3.2 Mexico
- 5.3.3 United States
- 5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 Adisseo
- 6.4.2 Alltech, Inc.
- 6.4.3 Archer Daniel Midland Co.
- 6.4.4 BASF SE
- 6.4.5 Cargill Inc.
- 6.4.6 Kemin Industries
- 6.4.7 Land O'Lakes
- 6.4.8 Novus International, Inc.
- 6.4.9 Phibro Animal Health Corporation
- 6.4.10 SHV (Nutreco NV)
7. KEY STRATEGIC QUESTIONS FOR FEED ADDITIVE CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Global Market Size and DROs
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- POPULATION OF POULTRY, NUMBER, NORTH AMERICA, 2017-2022
- Figure 2:
- POPULATION OF RUMINANTS, NUMBER, NORTH AMERICA, 2017-2022
- Figure 3:
- POPULATION OF SWINE, NUMBER, NORTH AMERICA, 2017-2022
- Figure 4:
- PRODUCTION VOLUME OF AQUACULTURE FEED, METRIC TON, NORTH AMERICA, 2017-2022
- Figure 5:
- PRODUCTION VOLUME OF POULTRY FEED, METRIC TON, NORTH AMERICA, 2017-2022
- Figure 6:
- PRODUCTION VOLUME OF RUMINANTS FEED, METRIC TON, NORTH AMERICA, 2017-2022
- Figure 7:
- PRODUCTION VOLUME OF SWINE FEED, METRIC TON, NORTH AMERICA, 2017-2022
- Figure 8:
- VOLUME OF FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 9:
- VALUE OF FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 10:
- VOLUME OF FEED MINERALS BY SUB ADDITIVE CATEGORIES, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 11:
- VALUE OF FEED MINERALS BY SUB ADDITIVE CATEGORIES, USD, NORTH AMERICA, 2017 - 2029
- Figure 12:
- VOLUME SHARE OF FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 13:
- VALUE SHARE OF FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 14:
- VOLUME OF MACROMINERALS FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 15:
- VALUE OF MACROMINERALS FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 16:
- VALUE SHARE OF MACROMINERALS FEED MINERALS BY ANIMAL TYPE, %, NORTH AMERICA, 2022 AND 2029
- Figure 17:
- VOLUME OF MICROMINERALS FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 18:
- VALUE OF MICROMINERALS FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 19:
- VALUE SHARE OF MICROMINERALS FEED MINERALS BY ANIMAL TYPE, %, NORTH AMERICA, 2022 AND 2029
- Figure 20:
- VOLUME OF FEED MINERALS BY ANIMAL TYPE, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 21:
- VALUE OF FEED MINERALS BY ANIMAL TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 22:
- VOLUME SHARE OF FEED MINERALS BY ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 23:
- VALUE SHARE OF FEED MINERALS BY ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 24:
- VOLUME OF AQUACULTURE FEED MINERALS BY SUB ANIMAL TYPE, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 25:
- VALUE OF AQUACULTURE FEED MINERALS BY SUB ANIMAL TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 26:
- VOLUME SHARE OF AQUACULTURE FEED MINERALS BY SUB ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 27:
- VALUE SHARE OF AQUACULTURE FEED MINERALS BY SUB ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 28:
- VOLUME OF FISH FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 29:
- VALUE OF FISH FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 30:
- VALUE SHARE OF FISH FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 31:
- VOLUME OF SHRIMP FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 32:
- VALUE OF SHRIMP FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 33:
- VALUE SHARE OF SHRIMP FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 34:
- VOLUME OF OTHER AQUACULTURE SPECIES FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 35:
- VALUE OF OTHER AQUACULTURE SPECIES FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 36:
- VALUE SHARE OF OTHER AQUACULTURE SPECIES FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 37:
- VOLUME OF POULTRY FEED MINERALS BY SUB ANIMAL TYPE, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 38:
- VALUE OF POULTRY FEED MINERALS BY SUB ANIMAL TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 39:
- VOLUME SHARE OF POULTRY FEED MINERALS BY SUB ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 40:
- VALUE SHARE OF POULTRY FEED MINERALS BY SUB ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 41:
- VOLUME OF BROILER FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 42:
- VALUE OF BROILER FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 43:
- VALUE SHARE OF BROILER FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 44:
- VOLUME OF LAYER FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 45:
- VALUE OF LAYER FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 46:
- VALUE SHARE OF LAYER FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 47:
- VOLUME OF OTHER POULTRY BIRDS FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 48:
- VALUE OF OTHER POULTRY BIRDS FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 49:
- VALUE SHARE OF OTHER POULTRY BIRDS FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 50:
- VOLUME OF RUMINANTS FEED MINERALS BY SUB ANIMAL TYPE, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 51:
- VALUE OF RUMINANTS FEED MINERALS BY SUB ANIMAL TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 52:
- VOLUME SHARE OF RUMINANTS FEED MINERALS BY SUB ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 53:
- VALUE SHARE OF RUMINANTS FEED MINERALS BY SUB ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 54:
- VOLUME OF BEEF CATTLE FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 55:
- VALUE OF BEEF CATTLE FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 56:
- VALUE SHARE OF BEEF CATTLE FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 57:
- VOLUME OF DAIRY CATTLE FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 58:
- VALUE OF DAIRY CATTLE FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 59:
- VALUE SHARE OF DAIRY CATTLE FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 60:
- VOLUME OF OTHER RUMINANTS FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 61:
- VALUE OF OTHER RUMINANTS FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 62:
- VALUE SHARE OF OTHER RUMINANTS FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 63:
- VOLUME OF SWINE FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 64:
- VALUE OF SWINE FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 65:
- VALUE SHARE OF SWINE FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 66:
- VOLUME OF OTHER ANIMALS FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 67:
- VALUE OF OTHER ANIMALS FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 68:
- VALUE SHARE OF OTHER ANIMALS FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 69:
- VOLUME OF FEED MINERALS BY COUNTRY, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 70:
- VALUE OF FEED MINERALS BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 71:
- VOLUME SHARE OF FEED MINERALS BY COUNTRY, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 72:
- VALUE SHARE OF FEED MINERALS BY COUNTRY, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 73:
- VOLUME OF CANADA FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 74:
- VALUE OF CANADA FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 75:
- VALUE SHARE OF CANADA FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 76:
- VOLUME OF MEXICO FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 77:
- VALUE OF MEXICO FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 78:
- VALUE SHARE OF MEXICO FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 79:
- VOLUME OF UNITED STATES FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 80:
- VALUE OF UNITED STATES FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 81:
- VALUE SHARE OF UNITED STATES FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 82:
- VOLUME OF REST OF NORTH AMERICA FEED MINERALS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 83:
- VALUE OF REST OF NORTH AMERICA FEED MINERALS, USD, NORTH AMERICA, 2017 - 2029
- Figure 84:
- VALUE SHARE OF REST OF NORTH AMERICA FEED MINERALS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 85:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, NORTH AMERICA, 2017 - 2023
- Figure 86:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2017 - 2023
- Figure 87:
- VALUE SHARE OF MAJOR PLAYERS, %, NORTH AMERICA, 2022
North America Feed Minerals Industry Segmentation
Macrominerals, Microminerals are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Canada, Mexico, United States are covered as segments by Country.
- In North America, macrominerals were the largest feed mineral sub-additives in 2022 because of their importance in growth, development, production, immune function, and reproductive performance. They are also expected to be the fastest-growing segment in feed minerals type at a CAGR of 5.3% during the forecast period. The market value rapidly increased in 2019 because of an increase in feed production.
- In 2022, the United States was the largest country with respect to the feed minerals market, including the sub-additives individually. In the United States, macrominerals were the largest feed mineral types accounting for more than 89.1% of the mineral market in 2022.
- The higher market share is associated with the increased usage of minerals, as the deficiency of minerals in animals leads to diseases. For instance, prolonged calcium deficiency that may occur in young animals may result in rickets and osteoporosis in adults in cattle.
- According to 2022 estimates, macrominerals accounted for 89% of the total feed minerals market value in North America. Ruminants had the largest share, with 52% in the region, due to their importance in preventing acidosis and alkalis in ruminants.
- In North America, microminerals accounted for only 10.9% of the total feed minerals market in 2022. Out of the total feed microminerals market, poultry animals were the most used animal type segment in the region, with 42.8% of the market share in 2022. It is associated with the importance of microminerals in the growth of poultry birds.
- All the feed mineral types are expected to grow at a similar rate during the forecast period in the region owing to their benefits and application in all the animal types for different purposes, including bone, teeth and muscle development, and egg formation.
| Sub Additive | Macrominerals | ||
| Microminerals | |||
| Animal | Aquaculture | By Sub Animal | Fish |
| Shrimp | |||
| Other Aquaculture Species | |||
| Animal | Poultry | By Sub Animal | Broiler |
| Layer | |||
| Other Poultry Birds | |||
| Animal | Ruminants | By Sub Animal | Beef Cattle |
| Dairy Cattle | |||
| Other Ruminants | |||
| Animal | Swine | ||
| Other Animals | |||
| Country | Canada | ||
| Mexico | |||
| United States | |||
| Rest of North America |
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Market Definition
- FUNCTIONS - For the study, feed additives are considered to be commercially manufactured products that are used to enhance characteristics such as weight gain, feed conversion ratio, and feed intake when fed in appropriate proportions.
- RESELLERS - Companies engaged in reselling feed additives without value addition have been excluded from the market scope, to avoid double counting.
- END CONSUMERS - Compound feed manufacturers are considered to be end-consumers in the market studied. The scope excludes farmers buying feed additives to be used directly as supplements or premixes.
- INTERNAL COMPANY CONSUMPTION - Companies engaged in the production of compound feed as well as the manufacturing of feed additives are part of the study. However, while estimating the market sizes, the internal consumption of feed additives by such companies has been excluded.
| Keyword | Definition |
|---|---|
| Feed additives | Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health. |
| Probiotics | Probiotics are microorganisms introduced into the body for their beneficial qualities. (It maintains or restores beneficial bacteria to the gut). |
| Antibiotics | Antibiotic is a drug that is specifically used to inhibit the growth of bacteria. |
| Prebiotics | A non-digestible food ingredient that promotes the growth of beneficial microorganisms in the intestines. |
| Antioxidants | Antioxidants are compounds that inhibit oxidation, a chemical reaction that produces free radicals. |
| Phytogenics | Phytogenics are a group of natural and non-antibiotic growth promoters derived from herbs, spices, essential oils, and oleoresins. |
| Vitamins | Vitamins are organic compounds, which are required for normal growth and maintenance of the body. |
| Metabolism | A chemical process that occurs within a living organism in order to maintain life. |
| Amino acids | Amino acids are the building blocks of proteins and play an important role in metabolic pathways. |
| Enzymes | Enzyme is a substance that acts as a catalyst to bring about a specific biochemical reaction. |
| Anti-microbial resistance | The ability of a microorganism to resist the effects of an antimicrobial agent. |
| Anti-microbial | Destroying or inhibiting the growth of microorganisms. |
| Osmotic balance | It is a process of maintaining salt and water balance across membranes within the body's fluids. |
| Bacteriocin | Bacteriocins are the toxins produced by bacteria to inhibit the growth of similar or closely related bacterial strains. |
| Biohydrogenation | It is a process that occurs in the rumen of an animal in which bacteria convert unsaturated fatty acids (USFA) to saturated fatty acids (SFA). |
| Oxidative rancidity | It is a reaction of fatty acids with oxygen, which generally causes unpleasant odors in animals. To prevent these, antioxidants were added. |
| Mycotoxicosis | Any condition or disease caused by fungal toxins, mainly due to contamination of animal feed with mycotoxins. |
| Mycotoxins | Mycotoxins are toxin compounds that are naturally produced by certain types of molds (fungi). |
| Feed Probiotics | Microbial feed supplements positively affect gastrointestinal microbial balance. |
| Probiotic yeast | Feed yeast (single-cell fungi) and other fungi used as probiotics. |
| Feed enzymes | They are used to supplement digestive enzymes in an animal’s stomach to break down food. Enzymes also ensure that meat and egg production is improved. |
| Mycotoxin detoxifiers | They are used to prevent fungal growth and to stop any harmful mold from being absorbed in the gut and blood. |
| Feed antibiotics | They are used both for the prevention and treatment of diseases but also for rapid growth and development. |
| Feed antioxidants | They are used to protect the deterioration of other feed nutrients in the feed such as fats, vitamins, pigments, and flavoring agents, thus providing nutrient security to the animals. |
| Feed phytogenics | Phytogenics are natural substances, added to livestock feed to promote growth, aid in digestion, and act as anti-microbial agents. |
| Feed vitamins | They are used to maintain the normal physiological function and normal growth and development of animals. |
| Feed flavors and sweetners | These flavors and sweeteners help to mask tastes and odors during changes in additives or medications and make them ideal for animal diets undergoing transition. |
| Feed acidifiers | Animal feed acidifiers are organic acids incorporated into the feed for nutritional or preservative purposes. Acidifiers enhance congestion and microbiological balance in the alimentary and digestive tracts of livestock. |
| Feed minerals | Feed minerals play an important role in the regular dietary requirements of animal feed. |
| Feed binders | Feed binders are the binding agents used in the manufacture of safe animal feed products. It enhances the taste of food and prolongs the storage period of the feed. |
| Key Terms | Abbreviation |
| LSDV | Lumpy Skin Disease Virus |
| ASF | African Swine Fever |
| GPA | Growth Promoter Antibiotics |
| NSP | Non-Starch Polysaccharides |
| PUFA | Polyunsaturated Fatty Acid |
| Afs | Aflatoxins |
| AGP | Antibiotic Growth Promoters |
| FAO | The Food And Agriculture Organization of the United Nations |
| USDA | The United States Department of Agriculture |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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