PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1334475
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1334475
North America Compound Feed Market, By Ingredient ; By Livestock ; By Form ; By Source ; By Country, Competitive Landscape & Forecast, 2019-2029
North America Compound Feed Market Size Set to Reach USD 237.15 Billion by 2029.
North America compound feed market is flourishing due to increasing demand for meat and dairy products, expansion of livestock production, adoption of advanced animal nutrition technologies, and rising awareness about the benefits of using compound feed for livestock.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated North America compound feed market size at USD 168.29 billion in 2022. During the forecast period between 2023 and 2029, North America compound feed market size is to grow at a robust CAGR of 5.88% reaching a value of USD 237.15 billion by 2029. Growing emphasis on sustainable and organic feed components, fueled by customer demand for ecologically friendly and healthier goods, is a major factor behind the expansion of the North America compound feed market. To improve efficiency and quality, there was a noticeable increase in the use of technology in feed production and management. Also, the market witnessed a rise in the amount of money spent on R&D to create novel feed formulations that enhance animal performance and health. To fulfill the changing needs of the agricultural and animal industries, the North America compound feed market was generally observing a shift towards more sustainable, technologically sophisticated, and nutritionally optimized products.
North America Compound Feed Market - Overview:
A nutritionally sound and standardized blend of several ingredients known as compound feed, often referred to as produced feed or pelleted feed, is created to suit the dietary needs of cattle and poultry. Cereals, protein sources (such as fish or soybean meal), vitamins, minerals, and additives are frequently included. Pelletizing, grinding, and mixing are all steps in the production procedure that guarantee consistency and animal consumption ease. Compound feed has several benefits, including better animal growth, increased productivity, and easier feeding administration. By effectively transforming raw materials into high-quality animal protein products, it is widely employed in contemporary animal husbandry and contributes significantly to the sustainability of the world's food supply.
Impact of COVID-19 on North America Compound Feed Market:
The COVID-19 pandemic adversely affected the North America compound feed market. As the virus spread, disruptions in the supply chain and restrictions on transportation led to challenges in sourcing raw materials. Lockdowns and reduced economic activity affected livestock production and consumption patterns, resulting in fluctuating demand for compound feed products. Also, the closure of restaurants and food service industries reduced demand for certain animal products. Amidst these challenges, the industry adapted to new safety protocols and digital solutions to maintain operations. While the market experienced short-term fluctuations, it also witnessed opportunities for innovation and growth in response to changing consumer behavior and market dynamics.
North America Compound Feed Market - By Form:
Based on form, North America compound feed market is divided into Mash, Pallets, and Crumbles segments. The mash segment is the largest in the North America compound feed market. Alongside "Pallets" and "Crumbles," these segments categorize the market. However, "Mash" outperforms the others, exhibiting substantial demand and consumption. The compound feed industry in North America experiences significant growth, with "Mash" playing a crucial role in catering to the diverse needs of livestock and poultry. This dominant segment is driven by various factors, including cost-effectiveness, nutritional benefits, and ease of consumption for animals, making it a key player in the region's compound feed market.
Competitive Landscape:
North America compound feed market is fiercely competitive. Major companies in the market include Charoen Pokphand Foods, Cargill Inc., Land O Lakes Purina, Alltech Inc., Archer Daniels Midland, ForFarmers, DeKalb Feeds, Kent Feeds, Weston Milling Animal Nutrition, and Nutreco NV. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in North America compound feed market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of North America Compound Feed Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in North America Compound Feed Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. North America Compound Feed Market Insights
- 3.1. Industry Value Chain Analysis
- 3.1.1. DROC Analysis
- 3.1.2. Growth Drivers
- 3.1.2.1. Surge in demand for appropriate livestock nutrition
- 3.1.2.2. Advancement in technology
- 3.1.3. Restraints
- 3.1.3.1. Volatile raw material prices for manufacturing of compound feed
- 3.1.4. Opportunities
- 3.1.4.1. Growing importance of livestock feeding practice in developing economies
- 3.1.5. Challenges
- 3.1.5.1. Stringent regulatory framework
- 3.2. Technological Advancement/Recent Developments
- 3.3. Regulatory Framework
- 3.4. Porter's Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry
4. North America Compound Feed Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Ingredient
- 4.2.1.1. Cereals
- 4.2.1.2. Cakes & Meals
- 4.2.1.3. Animal B-products
- 4.2.1.4. Others
- 4.2.2. By Livestock
- 4.2.2.1. Ruminants
- 4.2.2.2. Poultry
- 4.2.2.3. Swine
- 4.2.2.4. Aquaculture
- 4.2.2.5. Others
- 4.2.3. By Form
- 4.2.3.1. Mash
- 4.2.3.2. Pallets
- 4.2.3.3. Crumbles
- 4.2.3.4. Others
- 4.2.4. By Source
- 4.2.4.1. Plant-based
- 4.2.4.2. Animal-based
- 4.2.5. By Country
- 4.2.5.1. United States
- 4.2.5.2. Canada
- 4.2.1. By Ingredient
5. United States Compound Feed Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Ingredient
- 5.2.2. By Livestock
- 5.2.3. By Form
- 5.2.4. By Source
6. Canada Compound Feed Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Ingredient
- 6.2.2. By Livestock
- 6.2.3. By Form
- 6.2.4. By Source
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. North America Compound Feed Company Market Share Analysis, 2022
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
8. Impact of Covid-19 on North America Compound Feed Market
9. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 9.1. Charoen Pokphand Foods
- 9.2. Cargill Inc.
- 9.3. Land O Lakes Purina
- 9.4. Alltech Inc.
- 9.5. Archer Daniels Midland
- 9.6. ForFarmers
- 9.7. DeKalb Feeds
- 9.8. Kent Feeds
- 9.9. Weston Milling Animal Nutrition
- 9.10. Nutreco NV
- 9.11. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents, By Region
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 North America Compound Feed Segmentation
- Figure 2 North America Compound Feed Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 North America Compound Feed Market Size, By Value (USD Million), 2019-2029
- Figure 5 North America Compound Feed Market Share, By Ingredient, By Value, 2019-2029
- Figure 6 North America Compound Feed Market Share, By Livestock, By Value, 2019-2029
- Figure 7 North America Compound Feed Market Share, By Form, By Value, 2019-2029
- Figure 8 North America Compound Feed Market Share, By Source, By Value, 2019-2029
- Figure 9 North America Compound Feed Market Share, By Country, By Value, 2019-2029
- Figure 10 United States Compound Feed Market Size, By Value (USD Million), 2019-2029
- Figure 11 United States Compound Feed Market Share, By Ingredient, By Value, 2019-2029
- Figure 12 United States Compound Feed Market Share, By Livestock, By Value, 2019-2029
- Figure 13 United States Compound Feed Market Share, By Form, By Value, 2019-2029
- Figure 14 United States Compound Feed Market Share, By Source, By Value, 2019-2029
- Figure 15 Canada Compound Feed Market Size, By Value (USD Million), 2019-2029
- Figure 16 Canada Compound Feed Market Share, By Ingredient, By Value, 2019-2029
- Figure 17 Canada Compound Feed Market Share, By Livestock, By Value, 2019-2029
- Figure 18 Canada Compound Feed Market Share, By Form, By Value, 2019-2029
- Figure 19 Canada Compound Feed Market Share, By Source, By Value, 2019-2029
List of Tables
- Table 1 North America Compound Feed Market Size, By Value (USD Million), 2019-2029
- Table 2 North America Compound Feed Market Size, By Ingredient, By Value, 2019-2029
- Table 3 North America Compound Feed Market Size, By Livestock, By Value, 2019-2029
- Table 4 North America Compound Feed Market Size, By Form, By Value, 2019-2029
- Table 5 North America Compound Feed Market Size, By Source, By Value, 2019-2029
- Table 6 North America Compound Feed Market Size, By Country, By Value, 2019-2029
- Table 7 United States Compound Feed Market Size, By Value (USD Million), 2019-2029
- Table 8 United States Compound Feed Market Size, By Ingredient, By Value, 2019-2029
- Table 9 United States Compound Feed Market Size, By Livestock, By Value, 2019-2029
- Table 10 United States Compound Feed Market Size, By Form, By Value, 2019-2029
- Table 11 United States Compound Feed Market Size, By Source, By Value, 2019-2029
- Table 12 Canada Compound Feed Market Size, By Value (USD Million), 2019-2029
- Table 13 Canada Compound Feed Market Size, By Ingredient, By Value, 2019-2029
- Table 14 Canada Compound Feed Market Size, By Livestock, By Value, 2019-2029
- Table 15 Canada Compound Feed Market Size, By Form, By Value, 2019-2029
- Table 16 Canada Compound Feed Market Size, By Source, By Value, 2019-2029
- Table 17 Charoen Pokphand Foods Company Overview
- Table 18 Charoen Pokphand Foods Financial Overview
- Table 19 Cargill Inc. Company Overview
- Table 20 Cargill Inc. Financial Overview
- Table 21 Land O Lakes Purina Company Overview
- Table 22 Land O Lakes Purina Financial Overview
- Table 23 Alltech Inc. Company Overview
- Table 24 Alltech Inc. Financial Overview
- Table 25 Archer Daniels Midland Company Overview
- Table 26 Archer Daniels Midland Financial Overview
- Table 27 ForFarmers Company Overview
- Table 28 ForFarmers Financial Overview
- Table 29 DeKalb Feeds Company Overview
- Table 30 DeKalb Feeds Financial Overview
- Table 31 Kent Feeds Company Overview
- Table 32 Kent Feeds Financial Overview
- Table 33 Weston Milling Animal Nutrition Company Overview
- Table 34 Weston Milling Animal Nutrition Financial Overview
- Table 35 Nutreco NV Company Overview
- Table 36 Nutreco NV Financial Overview
