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North America Animal Feed Additives Market Share

Report ID: GMI5266
Published Date: May 2022
Report Format: PDF

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North America Animal Feed Additives Market Share

The North America animal feed additives industry is competitive with key players such as

Kemin Industries
Royal DSM
Novus International
Phibro Animal Health Corporation
Adisseo
Evonik
BASF
Archer Daniel Midland
Cargill

Key players are aiming at developing and launching new and innovative products to carve out a niche in the market and further strengthen their position in the market.

For instance, in March 2019, BASF launched a new product Natuphos E, a next generation phytase utilized in livestock feed. The strategic initiative was aimed to enhance the company’s product portfolio. In December 2021, BASF introduced Natupulse TR, an innovative feed enzyme for animal feed. The strategic initiative was aimed to enhance the company’s product offerings.

Besides, companies are also entering into partnerships with other market players to enhance sustainability in their production processes. In October 2021, BASF and Cargill further extended their existing partnership for the development, production, and marketing of innovative enzyme-based solutions for the animal feed industry. The strategic aim of both the companies was to reduce nutrient waste, improving feed efficiency, and promote animal growth and wellbeing.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

North America animal feed additives market slated to surpass USD 8 billion by 2028 and is expected to expand at a CAGR of 4% from 2022 to 2028 considering the rising consumption of dairy and meat products in the region.

The market revenue from enzymes is estimated to cross USD 240 million until 2028 owing to a range of benefits such as the prevention of livestock diseases and an increase in the volume of eggs or meat for poultry & swine.

The market share from sweeteners is anticipated to expand at a CAGR of 3% through 2028 driven by the rising awareness regarding the need for the improvement of feed palatability.

Prominent companies in the North America animal feed additives industry comprise Archer Daniel Midland, Royal DSM, Kemin Industries, BASF, Adisseo, Evonik, and others.