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The North America feed Amino acids market is segmented by Type (Tryptophan, Lysine, Methionine, Threonine, and Other Types), Animal Type (Ruminant, Poultry, and Swine), and Geography (United States, Canada, Mexico, Rest of North America).
North America feed amino acid market is projected to register a CAGR of 3.1% over the forecast period (2020-2025). Amino acids are an important additive to enhance the quality and productivity of animal products and consequently for the growing meat industry, which is driven by the increasing demand for animal-derived protein, increasing awareness among people toward safety and quality of meat, and recent disease outbreaks in livestock. Certain naturally occurring amino acids are limited in growing animals and since they are indispensable for life processes, growers depend on external sources. Amino acids have been used in animal feeds for many decades now and their contribution to animal growth is indispensable. Leading companies have been investing in R&D for new innovations, breakthroughs, better cost management, and production techniques for effective feed to meat conversion in the amino acid markets of the region.
Amino acids in animal feeds play an important role in improving the efficiency of conversion of protein from feed to meat production and contributing to increased protein supply. Commonly used amino acids include methionine, lysine, tryptophan, methionine, and threonine. In this report, the market is segmented by type, by animal type, and by geography.
|Other Animal Types|
|Rest of North America|
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Production of meat has been increasing in keeping with the high demand for animal protein in the region. The health-conscious American population created a demand for higher quality meat from the processing industries owing to increased safety concerns. Considerable growth in the industrial production of livestock was witnessed in the region in order to meet the increased demand for meat. The food habits and eating patterns have shifted from cereal and vegetable-based to more meat protein-based currently. Amino acids in animal feeds are vital and are used extensively across the region. Also, with progress in biotechnology, the cost of production of each amino acid has been significantly reduced, which has been one of the key factors in the expansion of the use of amino acids in animal feed. Thus, this increasing popularity towards animal protein in the region is likely to drive the market of feed amino acids during the forecast period.
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The United States dominates the feed amino acids market in North America. The growing concern about the integrity of feed ingredients sourced from outside the United States has provided a great opportunity to the domestic manufacturers to tap into this highly potential market by offering high-quality nutritional ingredients that can be added in animal feed, resulting in better animal maintenance, reproduction, growth, and immunity. The country remains the world’s largest animal feed producer and exporter alongside being the home of many world’s leading animal feed producers. This is likely to keep the United States feed amino acids market on top during the forecast period.
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The North America feed Amino acids market is a significantly concentrated market with few major players dominating the region. The feed companies are continuously developing new products, proposing premium-priced feed, with special brands or attributes. Some of the major players in the region are Bluestar Adisseo, Archer Daniels Midland Company, Evonik Industries, and Sumitomo Chemical Company Limited, among others. Demand for highly efficient additives is expected to make the market more competitive and effectively dynamic during the forecast period.
1.1 Scope of the Report
1.2 Study Assumptions
1.3 Study Deliverables
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Degree of Competition
5. MARKET SEGMENTATION
5.1.5 Other Types
5.2 Animal Type
5.2.4 Other Animal Types
5.3.1 United States
5.3.4 Rest of North America
6. Competitive Landscape
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 The Archer Daniels Midland Company
6.3.2 Novus International
6.3.3 Sumitomo Chemical Asia Pte Ltd
6.3.4 Evonik Industries
6.3.5 Bluestar Adisseo
6.3.6 Ajinomoto Co. Inc.
6.3.7 Kemin Industries Inc.
6.3.8 Phibro Animal Health Co.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19