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.
Key Market Trends
Increasing Compound Feed Production
According to the AllTech feed survey in 2019, the total feed production in the United States accounted for 214 million metric tons with about 5,715 feed mills. With the increasing per capita income and growing population level, the demand for food crops and cash crops is also estimated to increase globally, along with an increase in food from animal origin, including meat, fish, milk, and eggs. According to resources studied, The country remains the world’s largest animal feed producer and exporter. It is also home to many of the world’s leading animal feed producers. Several feed companies are reviving the previously discontinued investment projects on feed. The ruminant sector holds the major share in the overall feed produced in the country,
Increasing Beef Consumption Is Driving The Market
According to the World Economic Forum, In the United States, the percentage of consumer expenditure on meat products is 6.4% in 2017. Texas has the most beef cows in the United States followed by Oklahoma, Missouri, Nebraska & South Dakota. As the demand for feed positively correlates with the demand for livestock as meat, rising demand for beef corroborates a potential growth for the market in the future. For instance, according to the World Agriculture report by the United Nations, the global consumption of beef is projected to rise by 69% during the outlook period 2030-2050. Therefore, to meet the feed requirement of the increasing cattle, the demand for compound feed has also increased, which, in turn, is expected to boost the overall compound feed revenue.
Competitive Landscape
The country remains the world’s largest animal feed producer and exporter. It is also home to many of the world’s leading animal feed producers. In January 2020, Micronutrients USA (Micronutrients) and Kemin Industries (Kemin) partnered to introduce IntelliBond® VITAL 5 Cr, the world’s first nutrition package containing six essential trace minerals, to support the well-being and performance of dairy and beef cattle. The prominent feed manufacturers in the country include Cargill, Land O’Lakes, Alltech, ADM Alliance Nutrition, Perdue Farms, J.D. Heiskell & Co. Kent Nutrition Group, Hi-Pro Feeds, and Southern States Coop.
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Key Market Trends
Increasing Compound Feed Production
According to the AllTech feed survey in 2019, the total feed production in the United States accounted for 214 million metric tons with about 5,715 feed mills. With the increasing per capita income and growing population level, the demand for food crops and cash crops is also estimated to increase globally, along with an increase in food from animal origin, including meat, fish, milk, and eggs. According to resources studied, The country remains the world’s largest animal feed producer and exporter. It is also home to many of the world’s leading animal feed producers. Several feed companies are reviving the previously discontinued investment projects on feed. The ruminant sector holds the major share in the overall feed produced in the country,
Increasing Beef Consumption Is Driving The Market
According to the World Economic Forum, In the United States, the percentage of consumer expenditure on meat products is 6.4% in 2017. Texas has the most beef cows in the United States followed by Oklahoma, Missouri, Nebraska & South Dakota. As the demand for feed positively correlates with the demand for livestock as meat, rising demand for beef corroborates a potential growth for the market in the future. For instance, according to the World Agriculture report by the United Nations, the global consumption of beef is projected to rise by 69% during the outlook period 2030-2050. Therefore, to meet the feed requirement of the increasing cattle, the demand for compound feed has also increased, which, in turn, is expected to boost the overall compound feed revenue.
Competitive Landscape
The country remains the world’s largest animal feed producer and exporter. It is also home to many of the world’s leading animal feed producers. In January 2020, Micronutrients USA (Micronutrients) and Kemin Industries (Kemin) partnered to introduce IntelliBond® VITAL 5 Cr, the world’s first nutrition package containing six essential trace minerals, to support the well-being and performance of dairy and beef cattle. The prominent feed manufacturers in the country include Cargill, Land O’Lakes, Alltech, ADM Alliance Nutrition, Perdue Farms, J.D. Heiskell & Co. Kent Nutrition Group, Hi-Pro Feeds, and Southern States Coop.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Archer Daniels Midland
- DeKalb Feeds
- Heiskell & Co.
- Kent Feeds
- Nutreco
- Cargill Inc.
- Land O Lakes Purina
- Alltech Inc.
Methodology
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