Market Trends of North America Feed Antibiotics Industry
This section covers the major market trends shaping the North America Feed Antibiotics Market according to our research experts:
Increasing Feed Production Drives the Market
Regular use of antibiotics as feed additives can reduce the risk of disease and increase nutrient-intake efficiency. The improved efficiency gained through antibiotic use decreases the amount of feed. According to the Food and Agriculture Organisation (FAO), in 2016, cattle and buffaloes population in the region was 103.49 million that increased to 105.86 million in 2018. Also, the poultry population was 2402.3 million in 2016 which increased to 2403.6 million in 2018. Thus the growing population and health concern creates demand for quality feed which includes antibiotics. According to the Alltech survey in 2016, feed production in the United States was 169.7 million metric tons that increased to 177.2 million metric tons in 2018. Also, in 2019 the production reached 214 million metric tons, of which beef feed production amounted to 61 million metric tons. This will thus drive the market further during the forecast period.
United States Dominates the Market
Meat, particularly beef, is the centerpiece of the average American dinner. According to the US Department of Agriculture (USDA), the year 2018 set a record of 222.2 pounds per capita of animal meat being consumed in the country, breaking the previous year's record of 216.9 pounds per capita. The growing consumption of meat would stimulate the production of cattle, which, in turn, would bolster the US feed antibiotics market during the forecast period. According to the Food and Agriculture Organisation (FAO), in 2016, cattle and buffaloes population in the United States was 91.88 million that increased to 94.2 million in 2018. Additionally, the poultry bird population in 2016 was 2225.07 million that has raised to 2225.5 million in 2018. In 2016, Elanco gained U.S. approval for two new animal-only antibiotics in pork and poultry, namely Inteprity and Kavault, giving producers new alternatives to protect animal health and well-being without potentially impacting antibiotic treatment outcomes for people. The products prevent mortality caused by necrotic enteritis in poultry.
