North America Feed Anti-Caking Agent Market - Growth, Trends and Forecasts (2020 - 2025)

North America Feed anti-caking agents Market is projected to register a CAGR of 4.3% during the forecast period (2020-2025). North America is the biggest and vital market for the production and consumption of anti-caking agents. The United States is recorded as the largest producer and consumer of the market, due to the high demand for feed in the region. The country is also one of the major exporters of feed anticaking agent to the other countries in the region. Feed anti-caking agents along with other feed additives have seen a spur in demand, due to the requirement of high-quality feed for the livestock. This resulted in establishing a huge number of firms and has ended up dominating the market. The regulatory framework is uncertain and is, therefore, dampening the growth of the market. The export to other countries with free trade laws in place is an opportunity for the market. The major drivers for this market include the rapid growth of the livestock sector, expansion of the animal feed market, rising demand for the use of high-quality feed, and an increase in the number of feed additives.

Key Market Trends

Increasing Demand from Livestock Industry

The rapid growth of the livestock sector is promoting the use of Feed anti-caking agents in the North America region. According to the Food and Agriculture Organization Corporate Statistical Database, the livestock population has increased from 11.03 billion in 2016 to 11.38 billion in 2018. This growth is responsible for the huge population increasingly shifting their diets to livestock products. With this increasing demand for animal protein, the consumption of meat products is growing rapidly in this region. As the livestock industry is growing at a high rate, the rapid expansion of the animal feed industry is observed which is accelerating the demand for feed anti-caking agents. Hence, with these rising demands, the feed anti-caking agent’s market is anticipated to grow at a positive growth rate during the forecast period.

Increasing Consumption in United States

The United States is recorded as the largest producer and consumer of this market, due to the high demand for feed in the country. According to Alltech Feed survey data, the feed production in North America for the year 2019, is 282 million metric tons, of which major contribution is from the United States, contributing 214 million metric tons. Of this, cattle and poultry feed segments occupied major portions, accounting for 82.193 million metric tons and 62.597 million metric tons. In poultry and cattle feed, an anti-caking agent is mostly used to stop caking and agglomeration, and increase the flow of feed ingredients. And so, there is an increasing demand for this market in the United States. Due to the rising demands for the requirement of high-quality livestock feed, the Feed anti-caking agent’s market has seen a spurt in demand in recent years and is anticipated to grow further during the forecast period.

Competitive Landscape

The feed anti-caking agent market is highly fragmented, with the presence of various small and medium-sized companies and a few major players. Thus, there is high competition in the market studied. Furthermore, in the market studied, companies are not only competing on the basis of the quality of products and promotion but also are focusing on strategic moves, in order to account for the largest market share. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the feed anti-caking agents’ market.

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