North America Animal Feed Additives Market Size

North America Animal Feed Additives Market Size

North America Animal Feed Additives Market size exceeded USD 6 billion in 2021 and is estimated to grow at over 4% CAGR between 2022 and 2028 owing to the increasing consumption of meat and dairy products in the region.

To get key market trends

  Download Free Sample

Animal feed additives are chemicals used to improve the quality of feed products to enhance the performance and health of animals. Growing need to enhance the digestibility of feed materials. should raise the demand for different feed additives including antioxidants, enzymes, flavors, sweeteners and probiotics, among others. Livestock are used for various applications such as meat, dairy and agriculture, among others.

Rising demand for meat of different livestock animals such as broilers, turkeys, beef, and swine, among others should foster market growth in the region. Increasing working population, growing food & beverage industry and rising foodservice sector is likely to raise the demand for meat, in turn boosting growth of North America animal feed additives market over the forecast period.

Additionally, increasing efforts by the U.S. government to promote the growth of meat industry in the region is expected to raise the North America animal feed additives market share. For instance, in July 2021, the USDA announced an investment of USD 500 million for the expansion of meat & poultry processing capacity to increase competition in agricultural markets and build a more resilient supply chain and better food system in the U.S.