- Vitamins and minerals
- Amino acids
North America Feed Additives Market growing at a CAGR of 4.7% during the forecast period 2022 to 2028. Feed additives are the ingredients added in the production of animal feed to enhance the animal nutrition and improve the nutrition properties of animal fodder. These include grains, added vitamins, fats/oils, minerals, and other nutritional & energy sources. Feed additives are available in liquids, powders, and pellets and these are help to prevent the nutritional and vitamin deficiencies in animals. Feed additives are either chemical or neutral additives. The usage of feed additives has increased over time as the industry has become more industrialised. Because of the price instability of natural feed supplies during the last decade, the animal feed industry has increased its use of various feed additives. Feed additives, which operate as a supplement, nutrient enhancer, feed conditioner, and other vital factors for maximum animal growth, have become necessary as the livestock, feed, and processed meat industries have become more industrialised.
Fastest Growing Market
Increase in the number of livestock industries and production of processed meat in U.S. and Canada drive the North America feed additives market. Moreover, rise in awareness related to the healthy feeding of livestock for better health outputs, grow in R&D expenditure for product launchings, and increase in the demand for healthy livestock products are surge North America feed additives market over the forecast years. However, stringent regulations for product approval, ban on certain types of antibiotics in the animal feed, high cost of feed and environmental factors leads to feed deterioration are impede the growth of North America feed additives market.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.