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The North America Ruminant Feed Premix Market is segmented by Ingredient Type into Antibiotics, Vitamins, Antioxidants, Amino Acids, Minerals, and Other Ingredient Types and by Geography into the United States, Canada, and Rest of North America.
The North America Ruminant Feed Premix Market is estimated to register a CAGR of 3.4% during the forecast period. The growing animal production industry along with increasing meat and dairy consumption demand drives the market in the region. Frequent nutrient deficiencies causing diseases and deaths are also provoking the farmers to use the premix that gives necessary nutrients to the Animal.
Ruminant animals are the animals, which bring food from their stomach and chew it again. The North America ruminant feed premix market report presents a detailed view of the market size, driving forces, and competitive landscape along with future opportunities. The market is segmented by type and geography.
|By Ingredient Type|
|Rest of North America|
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North America has a deep-rooted beef and dairy production industry with 103 million cattle in 2016 increasing to 105 million in 2018. Beef consumption and dairy consumption demand is the prime reason for such a large cattle industry in the region. For instance, the per capita consumption of beef in the United States was 24.14 Kg in 2015 increasing to 26.21 Kg in 2019 and a similar kind of trend is seen in the consumption of dairy products. Therefore, an increase in the consumption of dairy products and beef meat is fueling the cattle production in the region. This, in turn, boosting the sales of ruminant feed premix products.
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The united states are the leading producer of cattle in the region with 94.2 million heads in 2018. The per capita beef and dairy consumption noticed in the United States was 25.9 Kg and 293 Kg in 2018. The large, growing beef and dairy industry in the country is boosting animal production, which ultimately aiding the North America feed premix market growth. The increased awareness of the importance of premixes for animals is also one of the prime market drivers in the United States.
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North America Ruminant Premix Market is consolidated with few players holding a major market share. Nutreco, Elanco, Cargill, Alltech, etc are the dominant players in the region. These players are concentrating on new product launches, mergers, acquisitions, and partnerships to build their brand image, and increase their sales.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 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 Threat of New Entrants
4.4.2 Bargaining Power of Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Ingredient Type
5.1.4 Amino Acids
5.2.1 United States
5.2.4 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.2 Alltech Inc
6.3.3 ADM Animal Nutrition
6.3.4 Cargill Inc
6.3.5 Lallemand Animal Nutrition
6.3.7 Hi-Pro Feeds
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19