Market Size of North America Feed Premix Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.70 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Feed Premix Market Analysis
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.
