Market Trends of united states feed probiotics Industry
The United States poultry industry is one of the largest commercial food industry and increased consumption of meats and eggs is increasing the poultry production
- The US poultry industry is thriving due to the increasing demand for eggs and poultry meat in the commercial food industry and rising exports. The country is one of the largest egg producers and exporters globally, with the total egg exports in 2020 increasing by 9.3% to 3.5 billion eggs from the previous year and the export value growing by 2.4% to USD 189 million.
- The consumption of poultry meat in the United States improved due to favorable prices, rising awareness of a high-protein diet, and increasing demand for poultry meat. As a result, the poultry bird's headcount increased by 17.6 million in 2022 compared to the previous year. Raising chickens in small spaces and different environments makes poultry production more feasible and less expensive than beef and pork, attracting animal farmers with limited rearing areas to invest in poultry farms.
- However, the share of the US market is expected to decrease from 26% in 2021 to 24% in 2031 in terms of imports, which may affect the growth of the poultry feed market. The swine flu and trade disputes with China between 2018 and 2019 also contributed to the steady decrease in the poultry population during the historical period, as animal farmers were reluctant to increase rearing.
- Despite these challenges, the increasing consumption of meat and eggs, rising exports, and the growing poultry population are expected to drive the US feed additives market during the forecast period.
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Presence of a large number of fish farms and feed mills is contributing to increasing feed production for aquaculture
- Aquaculture feed production in the United States increased by 4.1% in 2022 compared to 2017 due to a large number of feed mills, totaling 6,232 in the United States alone. The per capita seafood consumption increased from 21.88 kg in 2018 to 22.26 kg in 2022.
- Among the various aquaculture feed, fish held a major share, accounting for 83.2% in 2022, due to the increasing awareness of the benefits of fish, high demand in the international market, expansion of the retail sector, and the presence of a large number of fish farms in the country. Most fish farms are located in Ohio, and catfish is the most consumed fish as it can help convert pellet feed into pounds of fish.
- Shrimp accounted for 7.5% of the US aquaculture feed market in 2022, as it is the most consumed aquatic animal due to the rising demand for seafood and its high protein content. However, the country depends on other countries for shrimp, which affected its growth during the study period. On the other hand, other aquatic species have witnessed high growth as the demand for bivalves from restaurants increased after the COVID-19 pandemic due to their popularity as a main cuisine. The high number of feed mills and rising demand for fish and seafood with increasing aquaculture feed production are expected to drive the US feed additives market during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- United States-Mexico-Canada Agreement (USMCA) to export meat products and high demand for milk and dairy products for consumption and exports is increasing the demand for ruminants production
- Broiler feed accounted for 70.4% and high demand for high-quality meat products with country being largest exporter of poultry products in region is driving the growth of poultry feed production
- High number of pig farms, rising per capita consumption of pork, and increasing hogs in the the United States is increasing the production demand for swine feed
- The high demand for pork and expansion of contract operations for rearing hogs in the country is driving the swine production
- Ruminants feed production especially beef cattle feed is increasing due to high demand for high-quality beef meat in the food industry and home consumption
