North America Feed Vitamins Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 482.14 Million |
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Market Size (2029) | USD 622.65 Million |
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Largest Share by Sub Additive | Vitamin E |
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CAGR (2024 - 2029) | 5.25 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
North America Feed Vitamins Market Analysis
The North America Feed Vitamins Market size is estimated at 482.14 million USD in 2024, and is expected to reach 622.65 million USD by 2029, growing at a CAGR of 5.25% during the forecast period (2024-2029).
482.14 Million
Market Size in 2024 (USD)
622.65 Million
Market Size in 2029 (USD)
7.24 %
CAGR (2017-2023)
5.25 %
CAGR (2024-2029)
Largest Market by Sub-Additive
31.17 %
value share, Vitamin E, 2023
Vitamin E is the largest segment in the market because it is consumed in high quantities by ruminants and poultry, and it enhances the nutritional value of meat and eggs.
Largest Market by Country
70.24 %
value share, United States, 2023
The United States is the largest market due to the increasing use of livestock, an increase in the livestock population in the country, and a ban on feed antibiotics.
Fastest-growing Market by Sub-Additive
5.45 %
Projected CAGR, Vitamin A, 2024-2029
Vitamin A is the fastest-growing vitamin due to the increasing population of ruminants in the region. It also helps to prevent nutrient deficiency for normal milk production.
Fastest-growing Market by Country
5.80 %
Projected CAGR, United States, 2024-2029
The United States is the fastest-growing country due to the high production of vitamin A and vitamin E. The country is also observing an increased demand for vitamins for the growth of poultry eggs.
Leading Market Player
14.75 %
market share, DSM Nutritional Products AG, 2022
DSM Nutritional Products AG is the market leader as it provides various feed vitamins. It also has a separate facility to manufacture feed vitamins in the region.
- Feed vitamins are a crucial part of animal feed; they play an essential role in animal growth, preventing diseases, and bone development. In North America, the feed vitamins market accounted for 5.1% of the feed additives market in 2022. The market value increased by 16.2% in 2019 compared to 2018 due to the rise in feed production, particularly in terms of ruminants.
- Vitamin E was the most significant vitamin in the region, valued at USD 0.13 billion in 2022, followed by vitamin B and vitamin A, which accounted for shares of 19.4% and 16.4%, respectively. The higher share of vitamin E was due to its various benefits, such as immunity against infections.
- The United States was the most prominent country in North America in terms of the feed vitamins market, accounting for a 70% share in 2022. This was attributed to higher feed production, amounting to 170 million metric tons in 2022. The United States was the fastest-growing country in the region, and it is expected to register a CAGR of 5.8% during the forecast period. The growth is attributed to the increase in demand for meat, particularly poultry and pork, and dairy products and the growing aquaculture cultivation.
- Poultry birds and ruminants were the most significant animal types, accounting for 77% of the market for vitamin E in the region, valued at almost USD 104.7 million in 2022. The higher market share of poultry was due to the higher usage of vitamin E for egg fertility and production.
- The awareness of feed vitamin usage, the reduction in veterinary costs, and the increase in productivity for animal rearers are the significant drivers of the feed vitamins market in the region. The market is expected to continue growing in North America as animal rearers become more aware of the benefits of using feed vitamins in animal feed.
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- The North American feed vitamins market has experienced rapid growth over the recent years, with a significant increase in value from USD 302.1 million in 2017 to USD 436.8 million in 2022, indicating an increase of 44.8% during the same period. The primary factor contributing to this growth is the increased awareness of the importance of vitamins in animal diets in the region.
- The United States is the leading feed vitamins market, recording a value of USD 305.2 million in 2022. The country has the largest animal population, accounting for 59.7% of the region's animals in 2021, resulting in higher consumption of feed vitamins. Mexico is the second fastest-growing country in the North American market, recording a value share of 14.2% in 2022. The country produced 3.3 million metric tons of compound feed, accounting for 11.8% of the region's production in 2022.
- Poultry birds accounted for the largest share of feed vitamin consumption in North America, recording a 43.7% market value in 2022. Ruminants and swine are the second- and third-largest segments, accounting for 33.3% and 20.8% of the market value, respectively, in 2022. However, ruminants are expected to be the fastest-growing segment in the market, with a CAGR of 5.8% during the forecast period, mainly due to the growing dairy industry in the country.
- In 2022, North America produced 280.7 million metric tons of compound feed, with the United States alone accounting for 76.1% of the share. The market in the region is expected to record a CAGR of 5.2% during the forecast period (2023-2029), owing to increasing demand for high-quality animal products and the rising animal farming industry.
North America Feed Vitamins Market Trends
Higher consumption of poultry meat than red meat and the United States is globally largest producer of eggs and poultry meat is driving the demand for poultry production
- The North American poultry industry has experienced significant growth over the last five years, with the poultry headcount increasing by 5.0% from 2017 to 2022. This growth was largely due to the increased demand for poultry meat and other poultry products. The United States dominates the North American poultry industry as the world's largest producer and second-largest exporter of poultry meat, as well as a major egg producer. The United States accounted for 62.0% of the region's total poultry production in 2022. The high-profit margin in the industry is attracting new poultry producers, leading to an increase in the number of producers. For instance, the number of egg producers in Canada increased from 1,062 in 2016 to 1,205 in 2021.
- Poultry birds, especially broiler meat, are produced in large quantities due to their quick maturity and market weight, which is faster than other livestock. Poultry birds, including broilers, can be raised in small spaces, making it possible for producers to raise poultry in a variety of environments, including small plots of land. These advantages make poultry production more feasible. Due to such factors, Mexican poultry production increased by 12% in 2022 from the previous year.
- Poultry meat consumption is significantly higher than that of beef or pork. More people are choosing poultry as a leaner, healthier source of protein due to the rising health risks linked to eating red meat. This trend is expected to continue, driving the growth of the poultry industry in the region. The increasing demand for poultry products from both domestic and international markets and rising poultry production are expected to drive the growth of the market during the forecast period.
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Expansion of retail industry, and demand for high-quality seafood is increasing the demand for macro-nutrients and micro-nutrients rich aquaculture feed
- Aquaculture feed production in the North American region accounts for a small fraction of global production, representing only 3.8% in 2022. However, the demand for diverse seafood products is driving local production. Feed production increased by 9.2% between 2017 and 2022. In response to the increasing demand for nutritionally balanced feed, feed millers in the region are expected to increase production from 2.2 million metric tons in 2022 to 2.6 million metric tons in 2029. The compound feed needed for aquaculture species contains the macro and micronutrients required for healthy growth under intensive rearing conditions, contributing to the rising demand for aquaculture feed in the region.
- Fish is the most prominent species in terms of feed production. It accounted for 73.2% of feed production in 2022. The rising awareness of the health benefits of fish in the human diet, changing food consumption patterns, the expansion of the retail sector, and high demand in the international market are contributing to the increase in fish production in the region. Fish feed production is expected to increase from 1.6 million metric tons in 2022 to 1.9 million metric tons in 2029 as producers focus on nutritional management to ensure the health and performance of their animals.
- Canada's aquaculture producers spent USD 393.8 million on feed in 2020, a 6.6% increase from 2016, demonstrating the increasing demand for high-quality aquatic food. The increasing demand for diverse seafood products and the need for nutritionally balanced feed for aquaculture species are expected to drive the growth of aquaculture feed production in North America in the coming years.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Ruminants population is increasing due to high export potential of beef for food processing industries and the United States account for 54.9% of region's population
- North America is second largest global poultry feed producer with the rising profitability of broiler chicken production and increased demand for poultry products such as meat and eggs
- The United States being a significant producer of swine feed and compound feed producers investing to increase production are expected to drive the growth of swine feed production
- The United States dominating the swine population and Canada being third largest exporter of live pigs and pork will help in increasing the swine population to meet the demand for protein rich-meat
- High demand for nutrition rich feed for high yield and increased beef cattle production are driving the demand for ruminants compound feed
North America Feed Vitamins Industry Overview
The North America Feed Vitamins Market is moderately consolidated, with the top five companies occupying 54.11%. The major players in this market are Adisseo, Archer Daniel Midland Co., Brenntag SE, DSM Nutritional Products AG and Lonza Group Ltd. (sorted alphabetically).
North America Feed Vitamins Market Leaders
Adisseo
Archer Daniel Midland Co.
Brenntag SE
DSM Nutritional Products AG
Lonza Group Ltd.
Other important companies include BASF SE, Biovet S.A., Cargill Inc., Impextraco NV, Prinova Group LLC.
*Disclaimer: Major Players sorted in alphabetical order.
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North America Feed Vitamins Market News
- July 2022: Impextraco expanded its Mexico facility to improve product storage spaces and business opportunities and promoted the Impextraco brand's presence in the country.
- June 2022: Brenntag established a new office in the United States to operate in North and South American markets. The new corporate office will combine the many functional teams and boost innovation.
- April 2022: Cargill expanded its Global Animal Nutrition Center in the United States with an investment of USD 50 million to develop a new dairy innovation unit and a Research and Development (R&D) center.
Free with this Report
We provide a complimentary and exhaustive set of data points on regional and country-level metrics that present the fundamental structure of the industry. Presented in the form of 35+ free charts, the section covers difficult-to-find data of various regions on feed production through various animal categories such as Ruminants, Poultry, Swine, and Aquaculture.
North America Feed Vitamins Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Animal Headcount
2.1.1. Poultry
2.1.2. Ruminants
2.1.3. Swine
2.2. Feed Production
2.2.1. Aquaculture
2.2.2. Poultry
2.2.3. Ruminants
2.2.4. Swine
2.3. Regulatory Framework
2.3.1. Canada
2.3.2. Mexico
2.3.3. United States
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Sub Additive
3.1.1. Vitamin A
3.1.2. Vitamin B
3.1.3. Vitamin C
3.1.4. Vitamin E
3.1.5. Other Vitamins
3.2. Animal
3.2.1. Aquaculture
3.2.1.1. By Sub Animal
3.2.1.1.1. Fish
3.2.1.1.2. Shrimp
3.2.1.1.3. Other Aquaculture Species
3.2.2. Poultry
3.2.2.1. By Sub Animal
3.2.2.1.1. Broiler
3.2.2.1.2. Layer
3.2.2.1.3. Other Poultry Birds
3.2.3. Ruminants
3.2.3.1. By Sub Animal
3.2.3.1.1. Beef Cattle
3.2.3.1.2. Dairy Cattle
3.2.3.1.3. Other Ruminants
3.2.4. Swine
3.2.5. Other Animals
3.3. Country
3.3.1. Canada
3.3.2. Mexico
3.3.3. United States
3.3.4. Rest of North America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. Adisseo
4.4.2. Archer Daniel Midland Co.
4.4.3. BASF SE
4.4.4. Biovet S.A.
4.4.5. Brenntag SE
4.4.6. Cargill Inc.
4.4.7. DSM Nutritional Products AG
4.4.8. Impextraco NV
4.4.9. Lonza Group Ltd.
4.4.10. Prinova Group LLC
5. KEY STRATEGIC QUESTIONS FOR FEED ADDITIVE CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Global Market Size and DROs
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- POPULATION OF POULTRY, NUMBER, NORTH AMERICA, 2017-2022
- Figure 2:
- POPULATION OF RUMINANTS, NUMBER, NORTH AMERICA, 2017-2022
- Figure 3:
- POPULATION OF SWINE, NUMBER, NORTH AMERICA, 2017-2022
- Figure 4:
- PRODUCTION VOLUME OF AQUACULTURE FEED, METRIC TON, NORTH AMERICA, 2017-2022
- Figure 5:
- PRODUCTION VOLUME OF POULTRY FEED, METRIC TON, NORTH AMERICA, 2017-2022
- Figure 6:
- PRODUCTION VOLUME OF RUMINANTS FEED, METRIC TON, NORTH AMERICA, 2017-2022
- Figure 7:
- PRODUCTION VOLUME OF SWINE FEED, METRIC TON, NORTH AMERICA, 2017-2022
- Figure 8:
- VOLUME OF FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 9:
- VALUE OF FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 10:
- VOLUME OF FEED VITAMINS BY SUB ADDITIVE CATEGORIES, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 11:
- VALUE OF FEED VITAMINS BY SUB ADDITIVE CATEGORIES, USD, NORTH AMERICA, 2017 - 2029
- Figure 12:
- VOLUME SHARE OF FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 13:
- VALUE SHARE OF FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 14:
- VOLUME OF VITAMIN A FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 15:
- VALUE OF VITAMIN A FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 16:
- VALUE SHARE OF VITAMIN A FEED VITAMINS BY ANIMAL TYPE, %, NORTH AMERICA, 2022 AND 2029
- Figure 17:
- VOLUME OF VITAMIN B FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 18:
- VALUE OF VITAMIN B FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 19:
- VALUE SHARE OF VITAMIN B FEED VITAMINS BY ANIMAL TYPE, %, NORTH AMERICA, 2022 AND 2029
- Figure 20:
- VOLUME OF VITAMIN C FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 21:
- VALUE OF VITAMIN C FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 22:
- VALUE SHARE OF VITAMIN C FEED VITAMINS BY ANIMAL TYPE, %, NORTH AMERICA, 2022 AND 2029
- Figure 23:
- VOLUME OF VITAMIN E FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 24:
- VALUE OF VITAMIN E FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 25:
- VALUE SHARE OF VITAMIN E FEED VITAMINS BY ANIMAL TYPE, %, NORTH AMERICA, 2022 AND 2029
- Figure 26:
- VOLUME OF OTHER VITAMINS FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 27:
- VALUE OF OTHER VITAMINS FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 28:
- VALUE SHARE OF OTHER VITAMINS FEED VITAMINS BY ANIMAL TYPE, %, NORTH AMERICA, 2022 AND 2029
- Figure 29:
- VOLUME OF FEED VITAMINS BY ANIMAL TYPE, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 30:
- VALUE OF FEED VITAMINS BY ANIMAL TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 31:
- VOLUME SHARE OF FEED VITAMINS BY ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 32:
- VALUE SHARE OF FEED VITAMINS BY ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 33:
- VOLUME OF AQUACULTURE FEED VITAMINS BY SUB ANIMAL TYPE, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 34:
- VALUE OF AQUACULTURE FEED VITAMINS BY SUB ANIMAL TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 35:
- VOLUME SHARE OF AQUACULTURE FEED VITAMINS BY SUB ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 36:
- VALUE SHARE OF AQUACULTURE FEED VITAMINS BY SUB ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 37:
- VOLUME OF FISH FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 38:
- VALUE OF FISH FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 39:
- VALUE SHARE OF FISH FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 40:
- VOLUME OF SHRIMP FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 41:
- VALUE OF SHRIMP FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 42:
- VALUE SHARE OF SHRIMP FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 43:
- VOLUME OF OTHER AQUACULTURE SPECIES FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 44:
- VALUE OF OTHER AQUACULTURE SPECIES FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 45:
- VALUE SHARE OF OTHER AQUACULTURE SPECIES FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 46:
- VOLUME OF POULTRY FEED VITAMINS BY SUB ANIMAL TYPE, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 47:
- VALUE OF POULTRY FEED VITAMINS BY SUB ANIMAL TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 48:
- VOLUME SHARE OF POULTRY FEED VITAMINS BY SUB ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 49:
- VALUE SHARE OF POULTRY FEED VITAMINS BY SUB ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 50:
- VOLUME OF BROILER FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 51:
- VALUE OF BROILER FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 52:
- VALUE SHARE OF BROILER FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 53:
- VOLUME OF LAYER FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 54:
- VALUE OF LAYER FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 55:
- VALUE SHARE OF LAYER FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 56:
- VOLUME OF OTHER POULTRY BIRDS FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 57:
- VALUE OF OTHER POULTRY BIRDS FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 58:
- VALUE SHARE OF OTHER POULTRY BIRDS FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 59:
- VOLUME OF RUMINANTS FEED VITAMINS BY SUB ANIMAL TYPE, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 60:
- VALUE OF RUMINANTS FEED VITAMINS BY SUB ANIMAL TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 61:
- VOLUME SHARE OF RUMINANTS FEED VITAMINS BY SUB ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 62:
- VALUE SHARE OF RUMINANTS FEED VITAMINS BY SUB ANIMAL TYPE, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 63:
- VOLUME OF BEEF CATTLE FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 64:
- VALUE OF BEEF CATTLE FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 65:
- VALUE SHARE OF BEEF CATTLE FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 66:
- VOLUME OF DAIRY CATTLE FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 67:
- VALUE OF DAIRY CATTLE FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 68:
- VALUE SHARE OF DAIRY CATTLE FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 69:
- VOLUME OF OTHER RUMINANTS FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 70:
- VALUE OF OTHER RUMINANTS FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 71:
- VALUE SHARE OF OTHER RUMINANTS FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 72:
- VOLUME OF SWINE FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 73:
- VALUE OF SWINE FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 74:
- VALUE SHARE OF SWINE FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 75:
- VOLUME OF OTHER ANIMALS FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 76:
- VALUE OF OTHER ANIMALS FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 77:
- VALUE SHARE OF OTHER ANIMALS FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 78:
- VOLUME OF FEED VITAMINS BY COUNTRY, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 79:
- VALUE OF FEED VITAMINS BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 80:
- VOLUME SHARE OF FEED VITAMINS BY COUNTRY, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 81:
- VALUE SHARE OF FEED VITAMINS BY COUNTRY, %, NORTH AMERICA, 2017,2023 AND 2029
- Figure 82:
- VOLUME OF CANADA FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 83:
- VALUE OF CANADA FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 84:
- VALUE SHARE OF CANADA FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 85:
- VOLUME OF MEXICO FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 86:
- VALUE OF MEXICO FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 87:
- VALUE SHARE OF MEXICO FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 88:
- VOLUME OF UNITED STATES FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 89:
- VALUE OF UNITED STATES FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 90:
- VALUE SHARE OF UNITED STATES FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 91:
- VOLUME OF REST OF NORTH AMERICA FEED VITAMINS, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 92:
- VALUE OF REST OF NORTH AMERICA FEED VITAMINS, USD, NORTH AMERICA, 2017 - 2029
- Figure 93:
- VALUE SHARE OF REST OF NORTH AMERICA FEED VITAMINS BY SUB ADDITIVE CATEGORIES, %, NORTH AMERICA, 2022 AND 2029
- Figure 94:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, NORTH AMERICA, 2017 - 2023
- Figure 95:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2017 - 2023
- Figure 96:
- VALUE SHARE OF MAJOR PLAYERS, %, NORTH AMERICA, 2022
North America Feed Vitamins Industry Segmentation
Vitamin A, Vitamin B, Vitamin C, Vitamin E are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Canada, Mexico, United States are covered as segments by Country.
- Feed vitamins are a crucial part of animal feed; they play an essential role in animal growth, preventing diseases, and bone development. In North America, the feed vitamins market accounted for 5.1% of the feed additives market in 2022. The market value increased by 16.2% in 2019 compared to 2018 due to the rise in feed production, particularly in terms of ruminants.
- Vitamin E was the most significant vitamin in the region, valued at USD 0.13 billion in 2022, followed by vitamin B and vitamin A, which accounted for shares of 19.4% and 16.4%, respectively. The higher share of vitamin E was due to its various benefits, such as immunity against infections.
- The United States was the most prominent country in North America in terms of the feed vitamins market, accounting for a 70% share in 2022. This was attributed to higher feed production, amounting to 170 million metric tons in 2022. The United States was the fastest-growing country in the region, and it is expected to register a CAGR of 5.8% during the forecast period. The growth is attributed to the increase in demand for meat, particularly poultry and pork, and dairy products and the growing aquaculture cultivation.
- Poultry birds and ruminants were the most significant animal types, accounting for 77% of the market for vitamin E in the region, valued at almost USD 104.7 million in 2022. The higher market share of poultry was due to the higher usage of vitamin E for egg fertility and production.
- The awareness of feed vitamin usage, the reduction in veterinary costs, and the increase in productivity for animal rearers are the significant drivers of the feed vitamins market in the region. The market is expected to continue growing in North America as animal rearers become more aware of the benefits of using feed vitamins in animal feed.
| Sub Additive | |
| Vitamin A | |
| Vitamin B | |
| Vitamin C | |
| Vitamin E | |
| Other Vitamins |
| Animal | |||||||
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| |||||||
| |||||||
| Swine | |||||||
| Other Animals |
| Country | |
| Canada | |
| Mexico | |
| United States | |
| Rest of North America |
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Market Definition
- FUNCTIONS - For the study, feed additives are considered to be commercially manufactured products that are used to enhance characteristics such as weight gain, feed conversion ratio, and feed intake when fed in appropriate proportions.
- RESELLERS - Companies engaged in reselling feed additives without value addition have been excluded from the market scope, to avoid double counting.
- END CONSUMERS - Compound feed manufacturers are considered to be end-consumers in the market studied. The scope excludes farmers buying feed additives to be used directly as supplements or premixes.
- INTERNAL COMPANY CONSUMPTION - Companies engaged in the production of compound feed as well as the manufacturing of feed additives are part of the study. However, while estimating the market sizes, the internal consumption of feed additives by such companies has been excluded.
| Keyword | Definition |
|---|---|
| Feed additives | Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health. |
| Probiotics | Probiotics are microorganisms introduced into the body for their beneficial qualities. (It maintains or restores beneficial bacteria to the gut). |
| Antibiotics | Antibiotic is a drug that is specifically used to inhibit the growth of bacteria. |
| Prebiotics | A non-digestible food ingredient that promotes the growth of beneficial microorganisms in the intestines. |
| Antioxidants | Antioxidants are compounds that inhibit oxidation, a chemical reaction that produces free radicals. |
| Phytogenics | Phytogenics are a group of natural and non-antibiotic growth promoters derived from herbs, spices, essential oils, and oleoresins. |
| Vitamins | Vitamins are organic compounds, which are required for normal growth and maintenance of the body. |
| Metabolism | A chemical process that occurs within a living organism in order to maintain life. |
| Amino acids | Amino acids are the building blocks of proteins and play an important role in metabolic pathways. |
| Enzymes | Enzyme is a substance that acts as a catalyst to bring about a specific biochemical reaction. |
| Anti-microbial resistance | The ability of a microorganism to resist the effects of an antimicrobial agent. |
| Anti-microbial | Destroying or inhibiting the growth of microorganisms. |
| Osmotic balance | It is a process of maintaining salt and water balance across membranes within the body's fluids. |
| Bacteriocin | Bacteriocins are the toxins produced by bacteria to inhibit the growth of similar or closely related bacterial strains. |
| Biohydrogenation | It is a process that occurs in the rumen of an animal in which bacteria convert unsaturated fatty acids (USFA) to saturated fatty acids (SFA). |
| Oxidative rancidity | It is a reaction of fatty acids with oxygen, which generally causes unpleasant odors in animals. To prevent these, antioxidants were added. |
| Mycotoxicosis | Any condition or disease caused by fungal toxins, mainly due to contamination of animal feed with mycotoxins. |
| Mycotoxins | Mycotoxins are toxin compounds that are naturally produced by certain types of molds (fungi). |
| Feed Probiotics | Microbial feed supplements positively affect gastrointestinal microbial balance. |
| Probiotic yeast | Feed yeast (single-cell fungi) and other fungi used as probiotics. |
| Feed enzymes | They are used to supplement digestive enzymes in an animal’s stomach to break down food. Enzymes also ensure that meat and egg production is improved. |
| Mycotoxin detoxifiers | They are used to prevent fungal growth and to stop any harmful mold from being absorbed in the gut and blood. |
| Feed antibiotics | They are used both for the prevention and treatment of diseases but also for rapid growth and development. |
| Feed antioxidants | They are used to protect the deterioration of other feed nutrients in the feed such as fats, vitamins, pigments, and flavoring agents, thus providing nutrient security to the animals. |
| Feed phytogenics | Phytogenics are natural substances, added to livestock feed to promote growth, aid in digestion, and act as anti-microbial agents. |
| Feed vitamins | They are used to maintain the normal physiological function and normal growth and development of animals. |
| Feed flavors and sweetners | These flavors and sweeteners help to mask tastes and odors during changes in additives or medications and make them ideal for animal diets undergoing transition. |
| Feed acidifiers | Animal feed acidifiers are organic acids incorporated into the feed for nutritional or preservative purposes. Acidifiers enhance congestion and microbiological balance in the alimentary and digestive tracts of livestock. |
| Feed minerals | Feed minerals play an important role in the regular dietary requirements of animal feed. |
| Feed binders | Feed binders are the binding agents used in the manufacture of safe animal feed products. It enhances the taste of food and prolongs the storage period of the feed. |
| Key Terms | Abbreviation |
| LSDV | Lumpy Skin Disease Virus |
| ASF | African Swine Fever |
| GPA | Growth Promoter Antibiotics |
| NSP | Non-Starch Polysaccharides |
| PUFA | Polyunsaturated Fatty Acid |
| Afs | Aflatoxins |
| AGP | Antibiotic Growth Promoters |
| FAO | The Food And Agriculture Organization of the United Nations |
| USDA | The United States Department of Agriculture |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: IDENTIFY KEY VARIABLES: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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