North America Specialty Animal Feed Additives Market Size By Product (Encapsulated Methionine, Sulfate Based Minerals (Copper, Zinc, Manganese) , DCAD Products, Chromium Propionate, Tribasic Copper Chloride, Hydroxy Vitamin D), By Livestock (Poultry {Boilers, Layers, Turkey}, Aquaculture {Salmon, Trout, Shrimps}, Pork/Swine, Cattle {Dairy, Beef, Calf}, Pet), Industry Analysis Report, Country Outlo

North America Specialty Animal Feed Additives Market Size By Product (Encapsulated Methionine, Sulfate Based Minerals (Copper, Zinc, Manganese) , DCAD Products, Chromium Propionate, Tribasic Copper Chloride, Hydroxy Vitamin D), By Livestock (Poultry {Boilers, Layers, Turkey}, Aquaculture {Salmon, Trout, Shrimps}, Pork/Swine, Cattle {Dairy, Beef, Calf}, Pet), Industry Analysis Report, Country Outlo

North America Specialty Animal Feed Additives Market Size

North America specialty animal feed additives market size exceeded USD 217 million in 2019 and is estimated to grow at over 4.1% CAGR between 2020 and 2026. Strong application potential for overcoming nutritional deficiency in livestock feed is likely to drive North America specialty animal feed additives industry demand.

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A feed additive is a food supplements for farm animals which is composed of amino acids, antioxidants, vitamins, trace minerals, salts and antibiotics to grow at a healthy rate. These are products used in animal nutrition for improving feed quality, performance and health by providing enhanced digestibility of the feed materials. Positive outlook towards growth in livestock rearing in poultry, cattle, swine, and aquaculture should drive the North America specialty animal feed additives market demand.

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Animal feed additives are important animal nutrition, which enhances the quality & yield of feed and resulting into better animal performance and health. Animal feed additives helps in maintaining balance between gut flora along with managing microbial population in gastrointestinal (GI) tract for high performance and health. It suppresses harmful microbes and stimulate beneficial microorganism’s growth thereby promoting gut health and effective digestive and immunoregulatory mechanism. Strong application outlook in aquaculture, swine, ruminant, poultry and turkey will stimulate North America specialty animal feed additives industry size.

Increasing meat & meat products consumption mainly in the U.S. due to growth in livestock production along with easy availability of meat products due to efficient distribution channel such as supermarkets and retail stores is likely to stimulate the North America market growth. For instance, the total meat production in the U.S. increased from 45.8 million tons to 46.8 million tons between 2017 to 2018 registering a growth of around 2.2%.

Rapid growth in the industrial production of poultry livestock and processed meat industry will boost the usage of feed additive products including encapsulated methionine, sulfate based minerals, DCAD products, chromium propionate, tribasic copper chloride, hydroxy vitamin D. Rise in financial support to farmers for carrying out supporting agribusinesses such as livestock and poultry which has led to growing cost effectiveness and efficient animal nutrition products demand should drive North America specialty animal feed additives market trends.

North America Specialty Animal Feed Additives Market Analysis

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Based on product, the North America market is segmented into encapsulated methionine, sulfate-based products, chromium propionate, tribasic copper chloride and DCAD products. Encapsulated methionine is anticipated to register sales over 3.5 kilo tons in 2019. Methionine in encapsulated form is widely used as an excellent source of rumen bypass and intestinally released methionine for ruminant diets. It is an essential amino acid used as a building block for proteins, thus acting as a fundamental element to the health and wellness of the dairy cattle and beef cattle.

Feedstuffs, dietary intakes and forages are extremely variable in the amount of metabolizable methionine supplied, which can negatively impact milk and milk component production. To overcome this, encapsulated methionine is being increasingly used by feed processors as it combines ruminal escape with high intestinal digestibility, resulting in one of the most cost-effective sources of methionine for dairy cattle and beef cattle. The product also helps to optimize production and allow for greater flexibility when formulating rations.

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On the basis of livestock, the North America specialty animal feed additives market is segmented into poultry, aquaculture, cattle and pets. Poultry application is anticipated to register CAGR over 4.5% in terms of revenue up to 2026. Animal feed additives plays a vital role in poultry diets to improve laying capacity, growth efficiency and feed utilization. Additives are included in poultry diets to enhance their value for human consumption, which can be achieved by these natural growth supplements that are deposited into meat and eggs. Improved nutrition management techniques along with increasing developments in traditional animal breeding technology is likely to favor industry growth.

As per the industry estimates, the poultry consumption is increasing significantly at a growth rate of over 2-3%. Robust growth is due to the growing meat & egg consumption with an increase in middle-class income. Low product price & production costs and short production cycle are the major driving factors. Demand for traditional delicacies across U.S. and Canada during festive seasons will further propel the North America specialty animal feed additives market statistics

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U.S. specialty animal feed additives size is anticipated to surpass USD 215 million by 2026. The country has seen a growth in beef exports in the past two years owing to the increasing demand for beef, providing tremendous opportunities for major exporters to improve their market share. The U.S. produces almost one-third of the total global beef feed in the world. It is also the second highest global pet feed producing country, contributing to around 31.5% of the total global requirement. Poultry and meat producing companies in the U.S. also play an important role in feeding people all around the world through their exports.

The U.S. has exported approximately 147,800 head of cattle majorly to Canada, Russia, and Mexico by November 2018. It has also exported 2.35 billion pounds of beef until November 2018 with a growth of 13.3% from 2017. The top destination of the U.S. beef exports is Japan, followed by Mexico and South Korea. The U.S. meat exports have a zero-tariff market access to both Mexico and Canada under the North American Free Trade Agreement. In 2017, the beef exports to Canada and Mexico contributed to 25% of the total beef market valued at USD 1.8 billion

North America Specialty Animal Feed Additives Market Share

The North America specialty animal feed additives market is highly consolidated due to the presence of a large number of regional & global players. The key players include Kemin Industries

• Royal DSM
• Novus International
• Phibro Animal Health Corporation
• Adisseo
• Evonik
• Cargill.

Several key market companies are working on new products launches, and industrial capacity expansions as their key strategies to expand their foothold in the industry.

Companies are focusing on novel product development and sustainable feed technology to ensure complete nutrition supported by disease resistance. This factor is likely to reduce trade losses and provide high quality. The rising demand for milk and milk products will propel the industry in this segment. The rise in the consumption of red meat may further drive the animal feed organic trace minerals market. Positive attributes toward the livestock industry, such as increasing demand for high-quality meat, growing income of the middle-class population, and the need to meet the demand-supply gap, are expected to propel product demand.

The North America specialty animal feed additives market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD thousand from 2015 to 2026, for the following segments

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By Product

• Encapsulated Methionine
• Sulfate based minerals
  • Copper
  • Zinc
  • Manganese
• Chromium propionate
• Tribasic copper chloride
• DCAD products

By Livestock

• Poultry
  • Layers
  • Broilers
  • Turkey
• Aquaculture
  • Salmon
  • Trout
  • Shrimps
• Pork/Swine
• Cattle
  • Dairy
  • Calf
  • Beef
  • Others
• Pets

The above information has been provided for the following region and countries

• North America
  • U.S.
  • Canada
  • Mexico