United States Compound Feed Market Size (2024 - 2029)

The United States compound feed market is experiencing growth driven by the livestock industry and supported by trade agreements like NAFTA, which facilitate the export of feed ingredients and products. Concerns over the quality of imported feed ingredients have created opportunities for domestic manufacturers to enhance the market by providing high-quality nutritional components. This focus on quality is contributing to improved animal maintenance, reproduction, growth, and immunity, thereby influencing the overall market size positively.

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Market Size of United States Compound Feed Industry

United States Compound Feed Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.30 %

Major Players

United States Compound Feed Market Key Players

*Disclaimer: Major Players sorted in no particular order

US Compound Feed Market Analysis

The United States compound feed market is projected to register a CAGR of 4.3% during the forecast period. The United States 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 ingredients, feed, and pet food. This trade agreement, coupled with the growing livestock industry, is driving the market for animal feed. The growing concern about the integrity of feed ingredients sourced from outside the United States has provided a great opportunity for domestic manufacturers to tap into this high-potential market by offering high-quality nutritional ingredients that can be added in animal feed. This has resulted in better animal maintenance, reproduction, growth, and immunity.

US 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 United States Compound Feed Market is segmented By Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Others), By Ingredients (Cereal, Cakes & Meals, By-Products, and Supplements).

Ingredient
Cereals
Cakes & Meals
By-products
Supplements
Animal Type
Ruminants
Poultry
Swine
Aquaculture
Other Animal Types
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United States Compound Feed Market Size Summary

The United States compound feed market is experiencing steady growth, driven by the robust animal food manufacturing industry and the strategic advantages of the North American Free Trade Agreement. This agreement facilitates the export of feed ingredients and pet food, supporting the expanding livestock sector. Domestic manufacturers are capitalizing on concerns regarding the quality of imported feed ingredients by offering high-quality nutritional additives, enhancing animal health and productivity. The country's position as the largest global producer and exporter of animal feed is bolstered by its numerous leading feed companies and a significant number of feed mills. The ruminant sector dominates the feed production landscape, reflecting the strong demand for animal-derived food products.

The increasing per capita income and population growth are expected to elevate the demand for both food and cash crops, alongside a rise in consumption of animal-origin foods such as meat, fish, milk, and eggs. This trend is particularly evident in the beef sector, where rising demand for beef is anticipated to drive the compound feed market further. The partnership between Micronutrients USA and Kemin Industries to introduce advanced nutritional packages for cattle exemplifies the innovation within the industry. Prominent feed manufacturers, including Cargill, Land O'Lakes, and Alltech, are actively contributing to the market's expansion, ensuring the United States remains a key player in the global animal feed industry.

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United States 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 Porters Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Ingredient

      1. 2.1.1 Cereals

      2. 2.1.2 Cakes & Meals

      3. 2.1.3 By-products

      4. 2.1.4 Supplements

    2. 2.2 Animal Type

      1. 2.2.1 Ruminants

      2. 2.2.2 Poultry

      3. 2.2.3 Swine

      4. 2.2.4 Aquaculture

      5. 2.2.5 Other Animal Types

United States Compound Feed Market Size FAQs

The United States Compound Feed Market is projected to register a CAGR of 4.30% during the forecast period (2024-2029)

United Animal Health, Archer Daniels Midland Company, ALLtech inc., LAND O’ LAKES INC. (PURINA MILLS) and Cargill inc. are the major companies operating in the United States Compound Feed Market.

United States Compound Feed Report Snapshots

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