Canada Compound Feed Market Size

Canada Compound Feed Market Analysis

The Canadian Compound Feed Market is projected to grow at a CAGR of 3.7% during the forecast period.

• The growing demand for meat and animal products is the major driving factor behind the growth of the compound feed market. Increased awareness regarding quality meat and milk products and increased livestock production are other factors augmenting the growth of the market studied.
• The Canadian feed industry is highly regulated, including the Feeds Act and Feeds Regulations, which govern the day-to-day operations of feed mills and provide consistency among feed suppliers, manufacturers, and distributors. Feed mills in Canada are generally located close to livestock operations, and most feed is produced for domestic consumption. The majority of these feed mills are situated in Quebec (36%), Ontario (30%), Prairies (22%), Atlantic (9%), and BC (3%).
• According to ANAC, the Canadian feed industry is a mature industry. The overall trend is that the number of commercial feed mills is decreasing, but the amount of feed produced per mill is increasing. This movement toward industry consolidation is similar to trends observed at the farm level, with a decrease in the number of farms but an increase in production size. This allows companies to remain competitive by benefiting from economies of scale.
• The country's biofuel industry allows more grain input in livestock production, giving Canada the advantage of lower feed cost, which, in turn, is significantly augmenting the sales of the market studied. Some companies like Cargill Inc, Alltech Inc., Canadian Organic Feeds Limited, Trouw Nutrition Canada and Paragon Feeds Corp dominate the market.