Market Size of North America Compound Feed Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North American Compound Feed Market Analysis
North America Compound Feed Market is projected to grow at a CAGR of 4% during the forecast period (2020-2025). The growing demand for higher-value and quality animal foods is the major driving force behind the growth of the compound feed market.The expansion of the animal products industry has created an opportunity for compound feed to spur the market, as these feeds boost immunity and enhance the performance of animals, by stabilizing the rumen environment.