Market Size of North America Ruminant Feed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Ruminant Feed Market Analysis
The North American ruminant feed market is projected to register a CAGR of 3.0% during the forecast period (2020-2025). Increasing demand for high-value animal protein increased awareness regarding the safety of meat and milk products, and increased industrial livestock production. The United States is to lead this growth in the region as the US animal food manufacturing industry strongly depends on the free-trade agreement with Canada and Mexico (North American Free Trade Agreement's (NAFTA) implementation), which has allowed exports of feed and feed ingredients. This trade agreement, coupled with the growing livestock industry, is driving the market for animal feed. Cargill, Incorporated., Lallemand Inc., Trow Nutrition, ADM Animal Nutrition, and BIOMIN America Inc. are some of the leading players in the market.
North America Ruminant Feed Industry Segmentation
The ruminant feed is the fodder that is blended from various raw materials and additives. These blends are formulated according to the specific requirements of the target animal. They are manufactured by feed compounders as meal type, pellets, or crumbles. 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.
| Animal Type | |
| Dairy Cattle | |
| Beef Cattle | |
| Other Animal Types |
| Ingredient | |
| Cereals | |
| Cakes & Meals | |
| Other Ingredients |
| Geography | |
| United States | |
| Mexico | |
| Canada | |
| Rest of North America |
North America Ruminant Feed Market Size Summary
The North American ruminant feed market is experiencing growth driven by the increasing demand for high-value animal protein and heightened awareness regarding the safety of meat and milk products. The United States is at the forefront of this expansion, largely due to its robust animal food manufacturing industry, which benefits from the North American Free Trade Agreement with Canada and Mexico. This agreement facilitates the export of feed and feed ingredients, supporting the burgeoning livestock industry in the region. Key players in the market include Cargill, Incorporated, Lallemand Inc., Trow Nutrition, ADM Animal Nutrition, and BIOMIN America Inc., which are actively investing in and expanding their operations to meet the rising demand for ruminant feed.
The market is characterized by a fragmented landscape, with a mix of large and small feed manufacturers. The United States, in particular, sees significant production of animal feed, with corn, soybean meal, and dried distiller's grains being the primary components. The growing cattle and buffalo population, along with increased meat consumption, is further propelling the demand for ruminant feed. Companies are focusing on expanding their production capacities and enhancing their domestic market presence. Notably, Nutreco NV's acquisition of Hi-Pro Feeds has strengthened its foothold in North America, allowing it to broaden its consumer base and cater to the local demand for specialty feeds and premixes.
North America Ruminant Feed Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Porter's Five Force Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Animal Type
-
2.1.1 Dairy Cattle
-
2.1.2 Beef Cattle
-
2.1.3 Other Animal Types
-
-
2.2 Ingredient
-
2.2.1 Cereals
-
2.2.2 Cakes & Meals
-
2.2.3 Other Ingredients
-
-
2.3 Geography
-
2.3.1 United States
-
2.3.2 Mexico
-
2.3.3 Canada
-
2.3.4 Rest of North America
-
-
North America Ruminant Feed Market Size FAQs
What is the current North America Ruminant Feed Market size?
The North America Ruminant Feed Market is projected to register a CAGR of 3% during the forecast period (2024-2029)
Who are the key players in North America Ruminant Feed Market?
Cargill, Incorporated., Lallemand Inc., Trow Nutrition, ADM Animal Nutrition and BIOMIN America Inc are the major companies operating in the North America Ruminant Feed Market.
