Market Size of united states feed additives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 6.71 Billion |
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Market Size (2029) | USD 9.03 Billion |
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Largest Share by Additive | Amino Acids |
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CAGR (2024 - 2029) | 6.12 % |
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Fastest Growing by Additive | Acidifiers |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
United States Feed Additives Market Analysis
The United States Feed Additives Market size is estimated at 6.71 billion USD in 2024, and is expected to reach 9.03 billion USD by 2029, growing at a CAGR of 6.12% during the forecast period (2024-2029).
6.71 Billion
Market Size in 2024 (USD)
9.03 Billion
Market Size in 2029 (USD)
8.46 %
CAGR (2017-2023)
6.12 %
CAGR (2024-2029)
Largest Market by Additive
20.76 %
value share, Amino Acids, 2023
The segment for amino acids is the largest due to the increase in the demand for and consumption of meat, the increase in awareness to balance the gut pH for easy digestion, and the reduction in the occurrence of infections.
Largest Market by Animal
41.18 %
value share, Poultry, 2023
Poultry is the largest animal segment because of the rising demand for domestic consumption of poultry meat and products and the benefits associated with feed additives.
Fastest-growing Market by Additive
6.98 %
Projected CAGR, Acidifiers, 2024-2029
The segment for acidifiers is the fastest-growing due to the rising demand for meat, milk, and milk products and rising awareness about the benefits of feed acidifiers.
Fastest-growing Market by Animal
6.61 %
Projected CAGR, Ruminants, 2024-2029
It is the fastest-growing segment as the United States is a major producer of feed for ruminants, leading to an increase in cattle population and compound feed.
Leading Market Player
8.39 %
market share, DSM Nutritional Products AG, 2022
DSM Nutritional Products AG is the market leader because it has a strategic partnership with Elanco Animal Health Inc. to expand its product portfolio to gain market share.
- The feed additives market in North America witnessed the United States emerge as the largest country, accounting for 70% of the total feed additives market in the region, with a value of USD 6 billion in 2022. The country's higher market share was attributed to the increased feed production. In 2019, the feed additives market in the United States increased by 22% as feed production, particularly in beef cattle, saw a rise in demand for meat in the country.
- Amino acids stood out as the most significant feed additive type, accounting for USD 1.2 billion in 2022 in the United States. The demand for meat and meat products drove the higher share of amino acids. This is because amino acids assist in the development of proteins, thereby increasing muscle production in animals.
- Poultry birds emerged as the largest animal type in the United States regarding the feed additives market, accounting for 41.3% of the share in terms of value in 2022. Among poultry birds, broilers were the most significant animal type, holding a market share of 31.5% in 2022, followed by layers with 6.2% of the share. Ruminants and swine held a market share of 37.5% and 19%, respectively, following poultry birds. The higher market share of these animal types can be attributed to the increase in the demand for meat and dairy products in the food industry.
- With the growing demand for meat and livestock products, as well as the increasing demand for nutrients to promote animal growth in the United States, the feed additives market is expected to record a CAGR of 6.1% during the forecast period.
Understand The Key Trends Shaping This Market
