North America Animal Nutrition Market, By Type (Amino Acids, Enzymes, Carotenoids, Fiber, Antioxidants, Eubiotics, Lipids, Fatty Acids, Medicated Feed Additives, Minerals, Vitamins, and Others), Feed Type (Poultry Feed, Swine Feed, Ruminant Feed, Pet Food, and Others), End User (Feed Manufacturers, Veterinarians, Pet Food Manufacturers, Livestock Farmers, and Others) – Industry Trends and Forecast to 2031.
North America Animal Nutrition Market Analysis and Size
The animal nutrition market encompasses a range of feeds tailored to specific animals' dietary needs. Poultry feed, optimized for birds such as chickens and ducks, includes grains and supplements for optimal growth. Swine feed provides pigs with essential nutrients such as protein and fiber. Ruminant feed, for cattle and sheep, focuses on digestibility. Pet food offers balanced nutrition for domestic animals such as dogs and cats.
Data Bridge Market Research analyses that the North America animal nutrition market, which was USD 5.03 billion in 2023, is expected to reach USD 7.77 billion by 2031, at a CAGR of 5.6% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Amino Acids, Enzymes, Carotenoids, Fiber, Antioxidants, Eubiotics, Lipids, Fatty Acids, Medicated Feed Additives, Minerals, Vitamins, and Others), Feed Type (Poultry Feed, Swine Feed, Ruminant Feed, Pet Food, and Others), End User (Feed Manufacturers, Veterinarians, Pet Food Manufacturers, Livestock Farmers, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America.
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Market Players Covered
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Cargill, Incorporated (U.S.), DSM (Netherlands), Kemin Industries, Inc. (U.S.), Alltech (U.S.), Phibro Animal Health Corporation (U.S.), Mercer Milling Company, Inc. (U.S.), Rossari Biotech Limited (India), ADM (U.S.), Advanced Enzyme Technologies (India), Zoetis Services LLC (U.S.), Glanbia PLC (Ireland), DuPont (U.S.), Zinpro (U.S.), Novus International, Inc. (U.S.), BENEO (Germany), Balchem Corp. (U.S.), Vetoquinol (France), Novozymes A/S (Denmark), EW Nutrition (Germany), BASF SE (Germany), Brenntag Latvia, SIA (Latvia), Azelis S.A (Belgium)
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Market Opportunities
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Market Definition
Animal nutrition involves the study and application of dietary principles to optimize the health, growth, and performance of animals. It encompasses the formulation of balanced diets containing essential nutrients such as proteins, carbohydrates, vitamins, and minerals, tailored to meet the specific nutritional requirements of different animal species and production objectives.
North America Animal Nutrition Market Dynamics
Drivers
- Rising Consumer Awareness About Food Safety
Consumers increasingly prioritize the quality and safety of animal-derived products, leading to higher demand for nutritionally balanced feeds and supplements. Concerns about foodborne illnesses and contaminants prompt producers to enhance safety measures throughout the supply chain. Consequently, there's a growing emphasis on transparency, traceability, and adherence to rigorous quality standards, driving innovation and investment in safer animal nutrition solutions.
- Regulatory Support for Animal Nutrition Standards
Government regulations ensure the safety and efficacy of animal feed and supplements, fostering consumer confidence and industry compliance. Mandates regarding ingredient quality, labeling, and manufacturing practices drive companies to adhere to stringent standards. This regulatory framework incentivizes innovation and promotes the development of high-quality, compliant products, ultimately shaping the market's growth trajectory toward safer and more standardized animal nutrition solutions.
Opportunities
- Research Advancements for Targeted Nutritional Formulations
Research advancements in animal nutrition focus on developing targeted formulations tailored to specific animal needs. By leveraging advancements in nutritional science and technology, manufacturers can create feeds optimized for various stages of an animal's life or to address specific health concerns. This allows for more precise and effective feeding strategies, resulting in improved animal health, productivity, and feed efficiency. The opportunity lies in meeting evolving consumer demands for high-quality, specialized feeds that deliver measurable benefits to animals.
- Collaboration with Veterinary Professionals for Product Development
Collaborating with veterinary professionals is crucial in the animal nutrition market for developing products that meet animals' health and dietary needs. By leveraging veterinary expertise, manufacturers can ensure their products are formulated with the right balance of nutrients to support optimal animal health and performance. This collaboration fosters innovation, enhances product credibility, and opens avenues for developing specialized feeds tailored to specific health conditions. The opportunity lies in delivering scientifically validated products that address emerging health concerns in animal populations.
Restraints/Challenges
- Fluctuating Raw Material Costs Impacting Profit Margins
The unpredictable nature of raw material prices affects profit margins for manufacturers of animal feed and nutrition supplements. When costs rise, companies may struggle to maintain competitive pricing or absorb higher expenses, potentially leading to reduced profitability. This challenge can also disrupt supply chains and production processes, impacting product availability and market competitiveness. Ultimately, the fluctuating costs of raw materials hinder market growth by constraining the ability of companies to invest in innovation and expansion initiatives.
- Competition from Alternative Protein Sources and Supplements
With the increasing popularity of plant-based proteins and synthetic supplements, traditional animal nutrition products face challenges in maintaining market share. The availability of alternative options can divert consumer preferences away from conventional animal feed and supplements, leading to reduced demand and sales. This restraint affects market growth by limiting revenue potential for companies in the animal nutrition sector.
This North America animal nutrition market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the North America animal nutrition market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In April 2023, BASF and Schothorst Feed Research (SFR) signed a deal granting SFR non-exclusive licensing rights to OpteinicsTM, BASF's digital sustainability tool for feed and animal protein. Integrating OpteinicsTM into its consultancy services, SFR aims to enhance its Advanced Feed Package, aiding producers in understanding and mitigating environmental impacts, thereby fostering sustainability in the animal nutrition market
- In March 2023, Evonik is expanding its annual production capacity of MetAMINO (DL-methionine) on Jurong Island, Singapore, by 40,000 metric tons. This investment, expected to reach fruition by the third quarter of 2024, aims to meet growing demand. Additionally, process improvements will yield MetAMINO with a 6% lower carbon footprint, enhancing its appeal in the animal nutrition market
- In March 2023, Trouw Nutrition launched MyFeedPrint, an online environmental footprint service for animal feed products. This innovative program fosters transparency by allowing stakeholders to measure the environmental impact of livestock feed. By promoting sustainability and offering consumers insight into feed sustainability, Trouw Nutrition strengthens its position in the evolving animal nutrition market
- In February 2023, Evonik introduced PhytriCare IM, a plant-based product aimed at promoting the health of dairy cows, sows, and laying hens. Formulated with plant extracts rich in flavonoids known for their anti-inflammatory properties, the product addresses animal wellness needs. Its availability across the EU expands options in the animal nutrition market
- In October 2021, BASF SE introduced trinamiX mobile Near Infrared (NIR) spectroscopy to the animal nutrition market. This innovation enables rapid on-site analysis of animal feed and ingredients, eliminating the need for laboratory testing. By offering convenience and efficiency, BASF attracts more customers and enhances value across the feed industry value chain
North America Animal Nutrition Market Scope
The North America animal nutrition market is segmented on the basis of type, feed type, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Amino Acids
- Enzymes
- Carotenoids
- Fiber
- Antioxidants
- Eubiotics
- Lipids
- Fatty Acids
- Medicated Feed Additives
- Minerals
- Vitamins
- Others
Feed Type
- Poultry Feed
- Swine Feed
- Ruminant Feed
- Pet Food
- Others
End User
- Feed Manufacturers
- Veterinarians
- Pet Food Manufacturers
- Livestock Farmers
- Others
North America Animal Nutrition Market Regional Analysis/Insights
The North America animal nutrition market is analysed and market size insights and trends are provided by type, feed type, and end user as referenced above.
The countries covered in the North America animal nutrition market report are U.S., Canada and Mexico in North America.
The U.S. is expected to lead the animal nutrition market owing to rising demand for meat and related products. With a growing population and dietary preferences favoring protein-rich diets, the U.S. market drives demand for innovative animal feed solutions, positioning it as a dominant force in the global animal nutrition industry.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Animal Nutrition Market Share Analysis
The North America animal nutrition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to North America animal nutrition market.
Some of the major players operating in the North America animal nutrition market are:
- Cargill, Incorporated (U.S.)
- DSM (Netherlands)
- Kemin Industries, Inc. (U.S.)
- Alltech (U.S.)
- Phibro Animal Health Corporation (U.S.)
- Mercer Milling Company, Inc. (U.S.)
- Rossari Biotech Limited (India)
- ADM (U.S.)
- Advanced Enzyme Technologies (India)
- Zoetis Services LLC (U.S.)
- Glanbia PLC (Ireland)
- DuPont (U.S.)
- Zinpro (U.S.)
- Novus International, Inc. (U.S.)
- BENEO (Germany)
- Balchem Corp. (U.S.)
- Vetoquinol (France)
- Novozymes A/S (Denmark)
- EW Nutrition (Germany)
- BASF SE (Germany)
- Brenntag Latvia, SIA (Latvia)
- Azelis S.A (Belgium)
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