Dublin, Jan. 08, 2025 (GLOBE NEWSWIRE) -- The "United States Feed Additives Market, By Region, Competition, Forecast and Opportunities, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
The United States Feed Additives Market was valued at USD 6.46 Billion in 2023, and is expected to reach USD 8.57 Billion by 2029, rising at a CAGR of 5.03%
The United States Feed Additives Market is a dynamic and rapidly evolving sector within the broader agricultural industry. Feed additives are substances added to animal feed to enhance its nutritional value, improve animal health, and boost overall livestock performance.
One of the key drivers of the United States Feed Additives Market is the increasing demand for high-quality animal products, such as meat, dairy, and eggs. As consumers become more health-conscious and concerned about food safety, there is a growing emphasis on the nutritional content and safety of livestock and poultry products. Feed additives, including vitamins, minerals, amino acids, and enzymes, are used to optimize animal nutrition and promote healthy growth.
Another significant factor shaping this market is the need for efficient and sustainable livestock production. Producers are constantly seeking ways to improve feed conversion rates and reduce the environmental impact of their operations. Feed additives, such as probiotics, prebiotics, and organic acids, help enhance the digestibility of feed, reduce the use of antibiotics, and minimize the carbon footprint of animal agriculture.
Further, regulatory changes and consumer preferences are driving innovation in the United States Feed Additives Market. The industry is adapting to stricter regulations governing the use of certain additives, such as antibiotics, while also addressing consumer demands for natural and organic feed additives. This has led to the development of novel products and formulations that align with these evolving requirements.
Segmental Insights
Livestock Insights
Based on the Livestock, Poultry emerged as the dominant segment in the United States market for feed additives in 2023. Poultry, including chickens and turkeys, is one of the most consumed sources of animal protein in the United States. The high demand for poultry meat and eggs drives substantial production, necessitating the use of feed additives to optimize growth and productivity. Poultry are known for their efficiency in converting feed into meat or eggs.
Feed additives can enhance this efficiency by improving feed conversion rates, accelerating growth, and reducing the time it takes for poultry to reach market weight. This efficiency is critical in meeting the demands of a growing population. Caked fertilizers are problematic as they may not disperse uniformly when applied to the soil. Uneven distribution of nutrients can lead to inconsistent crop growth and yield variations within fields. Inefficient nutrient release due to caking can also result in nutrient wastage and decreased agricultural productivity.
Form Insights
Based on the Form, Dry segment emerged as the dominant segment in the United States market for feed additives in 2023. Dry feed additives are easy to handle, transport, and store. They do not require specialized equipment or facilities for storage and can be conveniently stored in bags, containers, or silos. This convenience makes them a practical choice for both manufacturers and end-users. Dry additives generally have a longer shelf life compared to liquid formulations.
This extended shelf life reduces the risk of spoilage or degradation, ensuring the additives remain effective over an extended period. Dry additives can be evenly mixed with bulk feed ingredients, ensuring a consistent distribution of the additive throughout the feed. This uniformity is essential to guarantee that animals receive the proper dosage of the additive, optimizing its effectiveness.
Regional Insights
Mid-West emerged as the dominant region in the United States Feed Additives Market in 2023, holding the largest market share. The Mid-western United States is often referred to as the "Corn Belt" and the "Soybean Belt" due to its substantial production of corn and soybeans. These crops are not only essential for human consumption but also serve as primary ingredients in animal feed.
High-intensity crop and livestock production in the Mid-west generates significant demand for feed additives to support animal nutrition and health. The Mid-west is home to a large concentration of livestock operations, including beef cattle, dairy cattle, swine, and poultry. These intensive livestock farming operations rely heavily on feed additives to optimize animal nutrition, enhance growth, and improve overall animal health. The sheer volume of livestock in the region contributes to high demand for feed additives.
Key Attributes:
Report Attribute | Details |
No. of Pages | 85 |
Forecast Period | 2023 - 2029 |
Estimated Market Value (USD) in 2023 | $6.46 Billion |
Forecasted Market Value (USD) by 2029 | $8.57 Billion |
Compound Annual Growth Rate | 5.0% |
Regions Covered | United States |
Report Scope:
Key Market Players
- Adisseo USA Inc.
- Archer Daniel Midland Co.
- BASF SE
- Cargill Inc.
- DSM Nutritional Products AG
- Elanco Animal Health Inc.
- Evonik Industries AG
- IFF(Danisco Animal Nutrition)
- SHV (Nutreco NV)
- Solvay S.A
United States Feed Additives Market, By Ingredient Type:
- Antibiotics
- Vitamins
- Enzyme
- Antioxidants
- Probiotics
- Others
United States Feed Additives Market, By Livestock:
- Poultry
- Ruminants
- Swine
- Aquatic Animals
- Others
United States Feed Additives Market, By Form:
- Dry
- Liquid
United States Feed Additives Market, By Region:
- North-East
- Mid-west
- West
- South
For more information about this report visit https://www.researchandmarkets.com/r/kuzvrv
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