North America Feed Additives Market was worth USD 3.3 billion in 2020 and estimated to be growing at a CAGR of 3.71%, to reach USD 3.96 billion by 2025.
Browse for full report @ https://www.marketdataforecast.com/market-reports/north-america-feed-additives-market
The North America feed additives market is developing at a significant rate due to the increase in the livestock population for meat consumption as a source of protein. Feed additives are vital in animal nutrition, as they enhance the quality of feed, and thereby enrich the animals’ performance and health. They also subsequently enhance the yield and quality of food from animal origin.
Feed additives are used in animal nutrition to boost the quality and properties of animal fodder to enhance features such as palatability preservation, overall gut health/digestive performance, and others. They have gained reputation globally, as they further the overall health of the animal, in turn enhancing the quality and quantity of meat produced from them.
The growth of the North America Feed Additives market has mainly driven the demand for low-cost meat with superior nutritional value throughout this region. Technology innovations are also playing a crucial role in the advancement of this industry. Different regulatory structures, increasing the cost of raw materials and operations are the key restraining factors for the market.
North America feed additives market is segmented based on
- Amino Acids
- Vitamins, Prebiotics,
- Mycotoxin Detoxifiers
- Feed Pigments
- Flavours and Sweeteners
- Feed Minerals
- Feed Binders
- Aquatic animals
The North America market, which has the largest consumer base in the world, has been geographically segmented into the USA and Canada. The USA leads the market in this region. The poultry segment is developing as a leading livestock segment for the consumption of feed additives, trailed by swine and cattle, because of the increase in demand for poultry meat, consumer taste predilections.
Major Key Players :
Some of the major companies dominating this market in this region are BASF SE, Cargill, Inc., Alltech, Inc., Novozymes A/S, Chr. Hansen Holding A/S, Archer Daniels Midland Company, Charoen Pokphand Foods Public Company Limited, Nutreco N.V., Evonik Industries AG, and Adisseo France SAS.