North America Feed Minerals Market is projected to grow at a CAGR of 4.4% during the forecast period (2020-2025). The increasing industrialization of livestock production to meet the increasing demand for animal protein sources is expected to provide robust growth to the feed minerals market. North America is one of the largest producers of livestock and animal-based products in the world, with the United States being a major producer. Growing production, as well as consumption of livestock and livestock-based products in this region, have enabled livestock producers to utilize feed with feed minerals, as they are highly effective in promoting the healthier growth of animals and in improving the fertility rate.
Key Market Trends
Increasing Industrialized Livestock Production
The livestock sector has seen significant changes in the last decade. The surge in this demand has been fulfilled by commercial livestock production and their associated food chains. This revolves around consuming feed minerals for keeping the animals healthy. The Food and Agriculture Organization (FAO) has focused on the sustainable development of ruminant, swine, and poultry. FAO has also taken the responsibility of animal health and welfare issues, by providing sustainable nutrition and feeding. According to the World Bank, industrialized meat production is growing six times faster than traditional meat production methods. With an increase in the mass production of meat, change is observed toward landless meat production facilities. The meat production industry is moving toward consolidation, especially in developed parts of the world, such as the United States, to increase meat production with reduced land usage. The use of feed additives, such as mineral feed, increases water retention in livestock, thus enhancing meat quality and mass.
United States Dominates the Market
The North American region is poised to grow at a faster and impressive rate in the coming years, in both production and consumption of animal-based products. With the industrialization of the sector, the usage of mineral feed is bound to increase. The United States, the third-largest pork producer, has been witnessing a rising demand for high-quality pork, in response to the increasing influence of Asian cuisine and dishes, such as char siu, bulgogi, and banh mi, as well as the rising demand for bacon and pork sausage in the country. This, in turn, may give a boost to the demand for feed minerals in order to meet its domestic consumption. Poultry farming is common in rural Mexico in part because it provides extra household income. Alternative mineral sources for poultry feed are needed for these systems. Thus, the growing need for feed minerals across the countries of North America is provided for by the feed companies. This in turn will drive the market revenue in the years to come.
Competitive Landscape
The mineral feed market is a niche market, with major feed additive companies occupying the highest share. This has resulted in very stiff competition, and Alltech accounting for approximately 25% market share. Other major players are Kemin Industries, ADM Animal Nutrition, and Novus International. The region has shown maximum competitor activities and various mergers and acquisitions.
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Key Market Trends
Increasing Industrialized Livestock Production
The livestock sector has seen significant changes in the last decade. The surge in this demand has been fulfilled by commercial livestock production and their associated food chains. This revolves around consuming feed minerals for keeping the animals healthy. The Food and Agriculture Organization (FAO) has focused on the sustainable development of ruminant, swine, and poultry. FAO has also taken the responsibility of animal health and welfare issues, by providing sustainable nutrition and feeding. According to the World Bank, industrialized meat production is growing six times faster than traditional meat production methods. With an increase in the mass production of meat, change is observed toward landless meat production facilities. The meat production industry is moving toward consolidation, especially in developed parts of the world, such as the United States, to increase meat production with reduced land usage. The use of feed additives, such as mineral feed, increases water retention in livestock, thus enhancing meat quality and mass.
United States Dominates the Market
The North American region is poised to grow at a faster and impressive rate in the coming years, in both production and consumption of animal-based products. With the industrialization of the sector, the usage of mineral feed is bound to increase. The United States, the third-largest pork producer, has been witnessing a rising demand for high-quality pork, in response to the increasing influence of Asian cuisine and dishes, such as char siu, bulgogi, and banh mi, as well as the rising demand for bacon and pork sausage in the country. This, in turn, may give a boost to the demand for feed minerals in order to meet its domestic consumption. Poultry farming is common in rural Mexico in part because it provides extra household income. Alternative mineral sources for poultry feed are needed for these systems. Thus, the growing need for feed minerals across the countries of North America is provided for by the feed companies. This in turn will drive the market revenue in the years to come.
Competitive Landscape
The mineral feed market is a niche market, with major feed additive companies occupying the highest share. This has resulted in very stiff competition, and Alltech accounting for approximately 25% market share. Other major players are Kemin Industries, ADM Animal Nutrition, and Novus International. The region has shown maximum competitor activities and various mergers and acquisitions.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned
A selection of companies mentioned in this report includes:
- Alltech
- Novus International
- Kemin Industries, Inc
- ADM Animal Nutrition
- Cargill, Incorporated
- MULTIMIN
- Mercer Milling Company
- Pancosma
- Zinpro Corporation.
Methodology
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