North America Animal Feed Additives Market Analysis

North America Animal Feed Additives Market Analysis

The North America animal feed additives market from enzymes is anticipated to reach USD 240 million by 2028, growing at a CAGR of over 4.5% during the forecast period. Numerous benefits offered by enzymes such as its ability to increase the absorption rate of nutrients in the gut, increasing the volume of meat or eggs for swine & poultry, preventing livestock diseases, and enabling proper digestion of the feed should propel market growth over the forecast period.
 

Moreover, growing meat consumption in the region, rising food processing and foodservice industry, increasing population, and increasing spending power of consumers are likely to drive the North America animal feed additives market growth from enzymes in the region. Growing consumer awareness regarding the importance of promoting weight gain and improving overall health of animals should foster market growth over the forecast period.
 

The North America animal feed additives market from sweeteners was valued at over USD 25 million in 2021 and is expected to grow at a CAGR of over 3% during the forecast period. Growing awareness regarding the need to improve feed palatability and increase feed intake among poultry, swine, and pets should raise the product demand from animal feed applications in the region over the forecast period.
 

Additionally, rising adoption of pets and increasing awareness regarding the importance of good pet health and optimum nutrition should boost the growth for sweeteners from animal feed applications during the forecast period. Furthermore, growing demand for processed meats is likely to encourage livestock owners to increase the yield from livestock animals by increasing feed intake and improving digestion.  
 

The growing milk production and demand for dairy products in North America is likely raise the demand for feed additives from cattle livestock. The cattle livestock segment was valued at over USD 1.16 Billion in 2021 and is expected to grow at a CAGR of over 4% during the forecast period. According to USDA Economic Research Service, in 2021 the annual milk production in the U.S. was around 226.27 billion pounds, which shows a considerable growth potential for the animal feed additives market in the region.
 

Rising demand for various milk-based products such as beverages, ice-creams, curds and yoghurt, among others should raise the demand for feed additives from cattle feed, driving the market growth in the region over the forecast period. Increasing need to produce high quality milk, increase productivity of cattle and improve the overall yield of milk from cattle should foster market growth.
 

Presence of a large number of taste buds in cows is likely to widen the application scope for flavors in their feed, resulting in high feed intake, in turn improving their performance & productivity. Rising awareness among cattle owners regarding the need to supply their cattle with high-quality essential nutrients such as proteins & amino acids should further raise the demand for animal feed additives from cattle feed.  
 

North America animal feed additives market from aquaculture livestock is anticipated to reach over USD 225 million by 2028. The growing seafood market in the region owing to rise in specialty restaurants, increasing spending capacity of consumers, and growing consumer awareness regarding importance of consuming protein-rich foods is likely to drive market growth.
 

Increasing tendency towards consumption of seafood owing to growing awareness regarding the importance of consuming protein-rich diets is likely to raise the need for nutritious aquaculture feed for obtaining a high grade of marine livestock. The progressing aquaculture business with the development of species-specific diets should enlarge the scope for additives in aquaculture feed.