Canada Feed Additives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The Canadian feed additive market is projected to reach a CAGR of 1.1 % during the estimated period(2020 - 2025). The total feed production is 30 million tonnes per annum in 2018, out of which 20 million tonnes is commercially produced and 10 million tonnes is produced On-farm. The Canadian animal feed additive industry generates total revenue of over USD 4 billion per year. The rise in global trade and the rapid industrialization of meat products do impact the feed additive market growth significantly in this region. The Canadian market is largely dependent on feed additive in order to counter the health concern over the disease outbreak among animals. Moreover, with the industrialization of meat product the Canadian feed additive market is expected to grow at a decent rate. However, a strict regulatory framework and small size market do restrain the market growth. Product line expansion by leading players is creating significant opportunities for feed additive market players in Canada.

Scope of the report

Canadian Feed additives market is segmented By Additive type: Antibiotics (Tetracyclines, Penicillins, Other Antibiotics), Binders (Calcium Lignosulphonate, Guargum and others), Minerals(Zinc sources, Iron sources, Manganese sources, and Copper sources), Feed Acidifiers (Formic acid, Acetic acid, Fumaric acid, Butyric acid and others), Vitamins (A,B,C,E,other vitamins), Antioxidants (BHA, BHT, Ethoxyquin), Aminoacids (Tryptophan, Lysine, Methionine,Threonine, other Amino acids), Feed Enzymes (Protease, Phytases, Xylanase and other Enzymes), By Form (Dry, liquid, and others) , By Livestock type (Poultry, Swine, Aquatic, Cattle, and others), By Function ( Single-Function and Multifunction). In Canadian markets, Amino acids hold the biggest market share while Prebiotics and Probiotics show the highest growth rates. Poultry Industry accounts for the maximum market share followed by the Ruminant market.

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Key Market Trends

Increase in demand for consumption Poultry products

According to the Canada Statistics, meat production is growing at a rate of 2.5%. Poultry meat is the primary driver for the growth of overall meat production, owing to its high demand, low production cost, and lower product prices. According to Canada Statistics, it has been stated that the production of poultry meat reached 0.78 million tonnes in 2018 and is expected to increase even more in the coming years. Owing to this increasing awareness about the role and dynamics of food nutrients, especially protein on overall physical and mental growth and development, there is a growing trend towards animal-sourced protein in the form of either meat, eggs, or milk. This drives the usage of feed additives in the feed as it increases its nutritional quality.

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