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The North America feed premix market is segmented by Ingredient Type (Antibiotics, Vitamins, Antioxidants, Amino Acids, Minerals, and Other Ingredient Types) and by Animal type (Ruminant Feed, Poultry Feed, Swine Feed, Aquaculture Feed, and Other Animal Feed) in the countries such as the United States, Canada, Mexico, and the Rest of North America.
North America Feed Premix Market is projected to grow at a CAGR of 3.7% during the forecast period(2020-2025). The demand for feed additives and feed premix is rising because of increasing facilities for mass meat production. Due to increased health awareness of meat quality and the shifting meat consumption trend toward poultry and pork, which require high feed additive inputs is driving the market. Poultry segments dominate the market due to rising meat consumption. For instance, according to the Organisation for EconomicCo-operation and Development (OECD) chicken meat is the highest consumed in the United States among other countries with per capita meat consumption was 50.1 kg in 2019 as compared to 49.7 kg in 2018. Some of the major players are Cargill Incorporated, Trow Nutrition, Archer Daniels Midland Company (ADM), , BASF SE, Land O'Lakes, Inc., Lallemand Inc., Jubilant Life Sciences Limited and others.
A premix is a value-added solution to livestock feed consisting of a mixture of requisite vitamins, minerals, diluents, and other nutrients. The increasing demand for high-value animal protein and declining feed conversion rates are driving the global animal feed premix market. The scope of the premix market includes segmentation based on the type of ingredients such as antibiotics, vitamins, antioxidants, amino acids, minerals, and others and also on the basis of animals like ruminants, poultry, swine, aquaculture, and others. Additionally, the report presents a detailed analysis of the market in the countries such as the United States, Canada, Mexico and Rest of North America
|Other Ingredient Types|
|Other Animal Types|
|Rest of North America|
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The feed premix market in the country is highly organized with production, usage, and marketing of compound feed and feed premix being carried out under regulation. The ban on antibiotics as growth promoters in animals has created an opportunity for feed premixes, such as enzymes and micro minerals which further enhances the productivity of livestock and the quality of meat. According to the Food and Agriculture Organization FAO, in 2016 cattle and buffaloes population in the united states was 91.9 million heads which increased to 94.2 million heads in 2018. According to the Alltech feed survey, in 2019 the feed production amounted to 214 million metric tons among which beef feed accounted for 61 million metric tons followed by broiler feed with 48.5 million metric tons in the United States. Thus the growing mass production of livestock and increased animal protein consumption created the necessity of inclusion of premix in the feed to increase productivity with enhanced quality.
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The consumption of poultry meat is the highest in the country. According to the National Chicken Council, in 2019, per capita consumption of chicken in the United States was more than 98 pounds compared to 89.8 pounds in 2016 and Also the production was over 9.2 billion broiler chickens in 2019. More than 42.1 billion pounds of the chicken product has been marketed, where chicken consumer spending in 2019 was USD 95 billion. According to the Food and Agriculture Organization, In 2018 poultry bird population was 2225.5 million heads in the United States, which was 2225 million heads in 2016. This trend is further projected to continue during the study period. Thus the increasing production, consumption, and expenditure on meat in the country will lead to the use of quality feed which in turn drives the feed premix market
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The market for feed premix is concentrated with the dominance of a few international players accounting for a major share in the global market. Some of the major players are Cargill Incorporated, Trow Nutrition, Archer Daniels Midland Company (ADM), BASF SE, Land O'Lakes, Inc., Lallemand Inc., Jubilant Life Sciences Limited and others. These companies are targeting countries in the developing countries for business expansion, either by investing in a new production unit or acquiring established small players in the region. In January 2019, Ohly and Lallemand a Canada based company entered into a strategic partnership. Ohly divested its Hutchinson Torula Yeast facility and associated business to Lallemand, a leading global producer of yeast and bacteria-based products, The divestiture is a strategic move by Ohly to find a partner to better utilize resources and secure the future of the Hutchinson site.
1.1 Study Assumptions & Market definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.4 Amino Acids
5.1.6 Other Ingredient Types
5.2 Animal Type
5.2.5 Other Animal Types
5.3.1 United States
5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Cargill, Inc.
6.3.2 Trow Nutrition
6.3.3 CCPA GROUP
6.3.4 Lallemand Inc.
6.3.5 Kemin Industries, Inc.
6.3.6 Land O Lakes Inc.
6.3.7 BASF SE
6.3.9 Archer Daniels Midland Company
6.3.10 Jubilant Life Sciences Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19