Market Size of north america feed vitamins Industry
| 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 no particular 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.
Understand The Key Trends Shaping This Market
- 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.
