North America Animal Feed Additives Market size worth over USD 8 billion by 2028

According to a new research report by Global Market Insights Inc., the North America Animal Feed Additives Market size is set to surpass USD 8 billion by 2028,
 

Animal feed additives are products added to the feed mix to enhance growth, enable proper digestion, increase palatability, and improve productivity in animals. The rising application scope for feed additives in poultry, swine, dairy, and aquaculture diets owing to better digestibility, increased meat volume, and good feed-conversion ratio are attributing towards the market growth in the North America.
 

Growing population and urbanization have increased consumer demands for food, beverages, dairy products and meat. Additionally, increasing agricultural activities to meet the growing food requirements of the continuously increasing population is likely to boost demand for animal feed additives. According to USDA Economic Research Service, agriculture, food, and related industries contributed around USD 1.055 trillion to the U.S. GDP in 2020, which indicates significant growth potential for animal feed additives market over the forecast period.
 

Numerous benefits offered by probiotics as a feed additive such as its ability to promote animal growth and improve gut health in poultry & swine applications

Ability of probiotics to aid in promoting animal growth and improving gut health when used as a feed additive or supplement should boost product demand from animal feed applications in North America over the forecast period. The North America probiotic animal feed additives is expected to reach over USD 345 million by 2028, growing at a CAGR of 5% during the forecast period.
 

Growing awareness regarding the benefits of probiotics on animal health, growing demand for poultry and swine meat in the U.S., increasing number of food manufacturers in the region should boost the growth of North America animal feed additives market from probiotics over the forecast period. Probiotics are significantly applied to improve the feed intake and their conversion rates & weight gains in animals such as pig, sheep, chicken, cattle, and goats.
 

Moreover, ability of probiotics to provide protection against toxic pathogens and boost immune responses in animals coupled with rising prevalence of livestock diseases in livestock animals should further boost product demand.
 

Browse key industry insights spread across 315 pages with 235 market data tables and 40 figures & charts from the report, “North America Animal Feed Additives Market Size By Product (Antioxidant [Natural, Synthetic], Pigments [Synthetic Red, Natural Red, Synthetic Yellow, Natural Yellow, Others], Enzymes [Phytase {Liquid & Powder}, Non-Starch Polysaccharides], Flavors [Natural, Synthetic], Sweeteners [Natural {Stevia & Thaumatin}, Synthetic {Neotame & Saccharine}], Probiotics [Lactobacilli, Bacillus, Bifidobacterium, Streptococcus, Others], Vitamins [Vitamin A, Vitamin C, Vitamin D, Vitamin E, Vitamin K, Vitamin B1, Vitamin B2, Vitamin B6, Vitamin B12, Biotin, Folic Acid, Niacin, Caplan], Amino Acids [Lysin, Methionine, Threonine, Tryptophan, Others], Acidifiers [Propionic Acid, Malic Acid, Lactic Acid, Formic Acid, Others]), By Livestock (Poultry [Broilers, Layers, Turkeys, Others], Cattle [Dairy, Beef, Calf, Others], Swine, Pet, Aquaculture [Salmon, Trout, Shrimps, Others], Others [Ruminant, Equine]), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2022 – 2028” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/north-america-animal-feed-additives-market
 

The vital role of vitamins in the growth & development of animals should foster the business growth

The North America animal feed additives market from vitamins is expected to grow at a CAGR of above 4% from 2022 to 2028, to reach over USD 3.6 billion by 2028. Benefits offered by vitamins such as vital growth & development of animals, resistance from infectious diseases and reduced sensitivity to stress, among others are likely to boost the demand for vitamins from animal feed additives.
 

Additionally, vitamins also aid in promoting reproductive activity in cows. The growing market for meat and dairy products across North America owing to rising population, increased consumer spending of the population, and booming foodservice and retail industry should drive the growth of animal feed additives market in the region. The increasing demand for high-grade animal nutrition with optimal vitamin supply should propel the demand for vitamins from the animal feed industry.
 

Growing adoption of pets and increasing consumer awareness regarding the need to maintain optimum health and nutrition in North America should raise the product demand from petfood application

North America animal feed additives market for pet applications is expected to reach over USD 360 million by 2028, growing at a CAGR of over 4% from 2022 to 2028 owing to increasing pet adoption in the region. According to an estimation by American Pet Products Association, sales by the U.S. pet industry reached USD 123.6 billion in 2021 and grew at a rate of 13.5% year-over-year, which shows considerable growth potential for pet food sales in the region.
 

The increasing adoption of pets by individuals and communities and government initiatives for animal protection in the form of shelter homes are likely to promote the growth of animal feed additives market for pet food applications in North America during the forecast period. Increasing spending capacity of people and growing trend of pet humanization have attributed to the increased adoption of pets which should in turn augment the business growth.  
 

For instance, according to American Pet Products Association, in 2020, over 11 million U.S. households welcomed a new pet, driving an additional USD 11 billion in annual pet care spending.  Moreover, increasing instances of allergies, digestive disorders, skin & hair problems in pets are key factors anticipated to drive the North America animal feed additives market for petfood applications.
 

Rising sports activities involving the use of horses such as horse race should promote the market growth for equine applications.

North America animal feed additives for equine application market share is expected to grow at a rate of over 4% during the forecast period. The horse industry in the U.S. is a significant contributor to the country’s economy. Horses are used in various activities such as recreation, racing, working, showing, and others.
 

Moreover, rising sporting activities involving the use of horses and increasing demand for horses owing to increasing travel and tourism in the region are likely to raise the demand for animal feed additives for equine applications in North America over the forecast period.