Market Size of north america feed additives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 9.54 Billion |
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Market Size (2029) | USD 12.54 Billion |
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Largest Share by Additive | Amino Acids |
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CAGR (2024 - 2029) | 5.63 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Feed Additives Market Analysis
The North America Feed Additives Market size is estimated at 9.54 billion USD in 2024, and is expected to reach 12.54 billion USD by 2029, growing at a CAGR of 5.63% during the forecast period (2024-2029).
9.54 Billion
Market Size in 2024 (USD)
12.54 Billion
Market Size in 2029 (USD)
7.54 %
CAGR (2017-2023)
5.63 %
CAGR (2024-2029)
Largest Market by Additive
20.70 %
value share, Amino Acids, 2023
The amino acids segment is the largest due to amino acids’ benefits and applications in animals for different purposes such as gut health, muscle development, and egg formation.
Largest Market by Country
70.07 %
value share, United States, 2023
The United States is the largest country due to the increase in the demand for meat and livestock products and the need for nutrients to promote animal growth.
Fastest-growing Market by Additive
6.77 %
Projected CAGR, Acidifiers, 2024-2029
Additive is the fastest-growing segment as it helps increase the animal's feed intake, provides resistance to harmful pathogens such as bacteria, and reduces the dependence on antibiotics.
Fastest-growing Market by Country
6.12 %
Projected CAGR, United States, 2024-2029
The increase in the demand for meat and livestock products and feed production has helped the US market be the fastest-growing region.
Leading Market Player
8.23 %
market share, Archer Daniel Midland Co., 2022
Archer Daniel Midland Co. is the market leader as the company is focused on acquiring and expanding its R&D centers in the North American region.
- Supplementation of feed additives in the animal diet improves the quality and digestibility of feed and improves animal performance. Hence, the feed additives market in the North American region is expected to register a CAGR of 5.6% during the forecast period.
- The market value of feed additives in the region increased in 2019 by 16% compared to 2018 because of the increase in the market value of every additive type, as feed production for ruminants increased in 2019 in the region.
- In 2022, amino acids, binders, minerals, probiotics, and prebiotics were the major feed additive types used in livestock feed in North America, which together accounted for 62.5% of the region's total feed additives market by value.
- In North America, lysine and methionine were the most significant feed amino acids with respect to the market value, which together accounted for 73% of the North American feed amino acids market by value in 2022. The higher share of lysine and methionine was due to their increased efficiencies and benefits with improved gut health and easy digestion in animals.
- Among binders, synthetic binders held the largest share in 2022, amounting to 65.6% of the regional binders market. The use of synthetic binders is driven by their ability to improve the quality of feed by increasing pellet durability.
- During the forecast period, acidifiers segment are expected to be the fastest-growing feed additive types in the North American feed additives market, recording a CAGR of 6.7% owing to their ability to replace antibiotics usage.
- Thus, based on the abovementioned factors and the importance of feed additives in animal nutrition, the demand for feed additives is anticipated to grow in the region during the forecast period.
Understand The Key Trends Shaping This Market
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- The North American feed additive market is growing rapidly, making it the fastest-growing region globally. It is projected to maintain a CAGR of 5.6% during the forecast period, growing from a value of USD 8.58 billion in 2022 to USD 12.5 billion in 2029. The rapid expansion is attributed to a 30.2% increase in feed production over the historical period from 2017 to 2022.
- Feed amino acids are the dominant additives in the North American region, with a market value of USD 1.7 billion in 2022. This high share is due to their ability to improve efficiency. However, acidifiers are expected to grow at the fastest rate, recording a CAGR of 6.7% during the forecast period. This is due to restrictions on antibiotics usage in the region.
- Among all animal types, ruminants were the most significant users of feed additives in 2022, with a market value of USD 3.0 billion, representing 35.6% of the North American feed additives market. The growth in beef consumption in the commercial food industry has increased the usage of additives in this segment. The swine and poultry segments are the region's second and third fastest-growing feed additive usage segments, with CAGRs of 5.6% and 5.3%, respectively, during the forecast period. This growth is attributed to the increase in the number of poultry and swine heads, driven by rising consumption.
- The United States has the largest feed additives market in North America, accounting for 69.7% of the regional feed additives market in 2022. Amino acids, binders, minerals, probiotics, and prebiotics were the major feed additive types used in animal feed in the United States, collectively accounting for 62.7% of the US feed additives market.
