The North America Animal Feed Market is estimated to grow at a CAGR of 3.72%, from US$89.057 billion in 2,025to US$106.880 billion by 2030.
The animal feed market in the North American region is projected to increase with the presence of favorable government regulations for providing protection for animal safety and the health of animal food consumers. The increasing per capita meat consumption in the USA, Canada, and Mexico is further augmenting the market demand requiring quality feed for animal production in farms for human consumption. The increasing corn production foranimal feeduse is further offering strong growth prospects for the market to thrive in the form of feed raw material.
According to the OECD data on meal consumption provided in kilograms of retail weight per capita, pork meat consumption was 23.73 Kilograms per capita, and Poultry meat consumption was 50.90 kilograms per capita in 2023, indicating a positive increase in the coming years. These statistics will fuel the demand for livestock in North America, which will, in turn, boost the North American animal feed market in the coming years.
Additionally, the American Feed Industry Association has asked state officials to continue animal food access, further allowing the manufacturing, transportation, and sales of feed ingredients, pet food, and animal feed as this holds importance in maintaining the health and well-being of the animal population. Further, the AFIA, in partnership with Feedstuffs, launched its Feed Facility of the Year program for 2022, recognizing excellence in the manufacturing sector, including individual awards for worker safety, quality, food safety, production efficiency, and sustainability.
The growing inclination towards the adoption of vegan and plant-based diets is poised to restrain market growth during the forecast period. Reducing meat consumption to lower greenhouse gas emissions is further impeding market growth. Furthermore, the expansion of the aquaculture sector is providing an opportunity for the market to grow at a significant pace.
Further, the US is the world's largest corn producer, consumer, and exporter, with 90 million acres planted annually, primarily in the Heartland region. The crop is used domestically for livestock feed and fuel ethanol production. The maximum crop produced is utilized as the main energy ingredient for feeding livestock. According to the USDA data of January 2024, corn production in the United States has shown a constant increase from 13.7 billion bushels in 2022 to 15.3 billion bushels in 2023.
Additionally, according to USDA data on corn export in 2023, the United States exported a total volume of 46 metric tons, which was valued at $13.14 billion. Moreover, corn production is rising with the improvements in technology and production practices that include improvements in seed varieties, fertilizers, pesticides, and machinery, along with reduced tillage, irrigation, crop rotation, and pest management systems.
The US animal feed market is largely influenced by various factors. For instance, the need for animal feed is intimately related to livestock production, which includes the meat, dairy, and egg industries. As the population and earnings rise, so does the consumption of meat and dairy products, hence increasing the need for animal feed. Furthermore, as per the data published by USDA, in the USA, milk production per cow increased from 24,087 pounds in 2022 to 24,117 pounds in 2023, attributed to various factors, including the use of healthier products for cows.
Moreover, corn production in the United States is increasing rapidly which is further used for animal feed production. According to the United States Department of Agriculture (USDA), in 2021, corn production was 15.0 billion bushels, which increased to 15.3 billion bushels in 2023. Corn production has a huge impact on the U.S. animal feed industry as a main component, influencing feed supply and prices. Its conversion efficiency to animal protein, as well as the country's standing as a significant producer, influence domestic and worldwide livestock sector competitiveness.
The animal feed market in the North American region is projected to increase with the presence of favorable government regulations for providing protection for animal safety and the health of animal food consumers. The increasing per capita meat consumption in the USA, Canada, and Mexico is further augmenting the market demand requiring quality feed for animal production in farms for human consumption. The increasing corn production foranimal feeduse is further offering strong growth prospects for the market to thrive in the form of feed raw material.
According to the OECD data on meal consumption provided in kilograms of retail weight per capita, pork meat consumption was 23.73 Kilograms per capita, and Poultry meat consumption was 50.90 kilograms per capita in 2023, indicating a positive increase in the coming years. These statistics will fuel the demand for livestock in North America, which will, in turn, boost the North American animal feed market in the coming years.
Additionally, the American Feed Industry Association has asked state officials to continue animal food access, further allowing the manufacturing, transportation, and sales of feed ingredients, pet food, and animal feed as this holds importance in maintaining the health and well-being of the animal population. Further, the AFIA, in partnership with Feedstuffs, launched its Feed Facility of the Year program for 2022, recognizing excellence in the manufacturing sector, including individual awards for worker safety, quality, food safety, production efficiency, and sustainability.
The growing inclination towards the adoption of vegan and plant-based diets is poised to restrain market growth during the forecast period. Reducing meat consumption to lower greenhouse gas emissions is further impeding market growth. Furthermore, the expansion of the aquaculture sector is providing an opportunity for the market to grow at a significant pace.
North America animal feed market growth drivers
Increasing corn production for feed use
The North American animal feed market is expected to surge in the coming years due to the growing production of corn for feed usage. According to data from USDA of December 2023, corn is the primary feed grain in the United States which accounts for over 95% of the total feed grain production and usage.Further, the US is the world's largest corn producer, consumer, and exporter, with 90 million acres planted annually, primarily in the Heartland region. The crop is used domestically for livestock feed and fuel ethanol production. The maximum crop produced is utilized as the main energy ingredient for feeding livestock. According to the USDA data of January 2024, corn production in the United States has shown a constant increase from 13.7 billion bushels in 2022 to 15.3 billion bushels in 2023.
Additionally, according to USDA data on corn export in 2023, the United States exported a total volume of 46 metric tons, which was valued at $13.14 billion. Moreover, corn production is rising with the improvements in technology and production practices that include improvements in seed varieties, fertilizers, pesticides, and machinery, along with reduced tillage, irrigation, crop rotation, and pest management systems.
North America Animal Feed market geographical outlook
The USA is expected to witness significant growth in the North American animal Feed market.The US animal feed market is largely influenced by various factors. For instance, the need for animal feed is intimately related to livestock production, which includes the meat, dairy, and egg industries. As the population and earnings rise, so does the consumption of meat and dairy products, hence increasing the need for animal feed. Furthermore, as per the data published by USDA, in the USA, milk production per cow increased from 24,087 pounds in 2022 to 24,117 pounds in 2023, attributed to various factors, including the use of healthier products for cows.
Moreover, corn production in the United States is increasing rapidly which is further used for animal feed production. According to the United States Department of Agriculture (USDA), in 2021, corn production was 15.0 billion bushels, which increased to 15.3 billion bushels in 2023. Corn production has a huge impact on the U.S. animal feed industry as a main component, influencing feed supply and prices. Its conversion efficiency to animal protein, as well as the country's standing as a significant producer, influence domestic and worldwide livestock sector competitiveness.
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- Historical data & forecasts from 2022 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
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The North America Animal Feed Market is analyzed into the following segments:
By Type
- Fodder
- Forage
- Compound Feed
By Livestick
- Pork
- Aquatic Animals
- Cattle
- Poultry
- Others
By Raw Material
- Soya
- Corn
- Rendered Meal
- Others
By Production System
- Integrated
- Commercial Mills
By Geography
- United States
- California
- Idaho
- Texas
- Nebraska
- Minnesota
- Iowa
- Wisconsin
- Kansas
- North Carolina
- Others
- Canada
- Mexico
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. NORTH AMERICA ANIMAL FEED MARKET BY TYPE
6. NORTH AMERICA ANIMAL FEED MARKET BY LIVESTOCK
7. NORTH AMERICA ANIMAL FEED MARKET BY REGION
8. NORTH AMERICA ANIMAL FEED MARKET BY PRODUCTION SYSTEM
9. NORTH AMERICA ANIMAL FEED MARKET BY GEOGRAPHY
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
11. COMPANY PROFILES
Companies Mentioned
- Alltech Inc.
- Cargill, Incorporated
- Kemin Industries, Inc.
- Purina Animal Nutrition LLC. (Land 'O Lakes)
- Archer Daniels Midland Company (ADM)
- Hueber Feed, LLC
- J.D. Heiskell & Company
- Nutreco N.V.
- Charoen Pokphand Group
- BASF
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 90 |
| Published | December 2024 |
| Forecast Period | 2025 - 2030 |
| Estimated Market Value ( USD | $ 89.06 Billion |
| Forecasted Market Value ( USD | $ 106.88 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
