Market Size of North America Feed Anti-Caking Agents Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Feed Anti-Caking Agents Market Analysis
North America Feed anti-caking agents Market is projected to register a CAGR of 4.3% during the forecast period (2020-2025). North America is the biggest and vital market for the production and consumption of anti-caking agents. The United States is recorded as the largest producer and consumer of the market, due to the high demand for feed in the region. The country is also one of the major exporters of feed anticaking agent to the other countries in the region. Feed anti-caking agents along with other feed additives have seen a spur in demand, due to the requirement of high-quality feed for the livestock. This resulted in establishing a huge number of firms and has ended up dominating the market. The regulatory framework is uncertain and is, therefore, dampening the growth of the market. The export to other countries with free trade laws in place is an opportunity for the market. The major drivers for this market include the rapid growth of the livestock sector, expansion of the animal feed market, rising demand for the use of high-quality feed, and an increase in the number of feed additives.
