Market Size of United States Compound Feed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.30 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
US Compound Feed Market Analysis
The United States compound feed market is projected to register a CAGR of 4.3% during the forecast period. The United States animal food manufacturing industry strongly depends on the free-trade agreement with Canada and Mexico (North American Free Trade Agreement's (NAFTA) implementation), which has allowed exports of feed ingredients, feed, and pet food. This trade agreement, coupled with the growing livestock industry, is driving the market for animal feed. The growing concern about the integrity of feed ingredients sourced from outside the United States has provided a great opportunity for domestic manufacturers to tap into this high-potential market by offering high-quality nutritional ingredients that can be added in animal feed. This has resulted in better animal maintenance, reproduction, growth, and immunity.
