North America Animal Feed Additives Market Growth Projections to 2028

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North America Animal Feed Additives Market Size
to Cross USD 8 Bn by 2028
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Overview of Feed Mycotoxin Binders Market

• The North America animal feed additives market is
  set to grow exponentially through 2028 on account
  of the rising consumption of meat and dairy in
  the region. Furthermore, increasing focus of
  farmers on improving the health of their
  livestock is slated to further augment industry
  progress over the forecast period.
• Food ingested by livestock asserts a significant
  impact on the quality of meat and other animal
  byproducts. For this reason, feed additives are
  considered important elements in animal nutrition
  across major regions like the U.S., where
  considerable emphasis is placed on maintaining a
  balance of vitamins, proteins, minerals, and
  other nutrients to fulfill basic health
  requirements.
• Moreover, strategies implemented to reduce
  methane emissions from ruminant animals in light
  of growing climate consciousness have triggered
  major interest in the use of animal feed
  additives as an effective solution across several
  nations. The U.S., for instance, is among the
  prominent nations that are evaluating the health
  benefits and effectiveness of specialized feed
  additives like red seaweed, enzyme inhibitor 3
  Nitrooxypropanol, and ozone, among others, in
  methane mitigation. As a result, increasing
  product prominence has been favorable for
  business growth.

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• The North America animal feed additives market
  has been bifurcated in terms of product,
  livestock, and country. Based on product, the
  industry has been categorized into antioxidant,
  pigments, flavors, enzymes, probiotics, amino
  acids, sweeteners, acidifiers, and vitamins.
• The broilers segment is set to record a CAGR of
  over 4.5 to surpass a valuation of 2.6 billion
  by 2028. Nutritional quality of feed plays a
  major role in ensuring optimum health and
  regulated feed intake for broilers. The
  application of additives in feed formulations for
  broilers has numerous benefits, including higher
  resistance to diseases, better daily growth,
  enhanced use of fodder, and improvement in
  overall animal product quality.
• The North America animal feed additives industry
  size from the turkey segment was valued at more
  than 205 million in 2021. This was credited
  primarily to the increasingly important role of
  additive components in the nutrition of turkeys,
  which require higher amounts of amino acids,
  minerals, protein, and vitamins, as compared to
  chickens.
• The layers livestock segment is expected to
  depict more than 4.3 CAGR over the forecast
  period to reach above 470 million in revenue by
  2028. Industry size from the others segment was
  valued at roughly 110 million in 2021.

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• The dairy segment recorded remuneration worth
  over 600 million in 2021. The calf segment is
  expected to register approximately 5 CAGR to
  reach a valuation of nearly 120 million up to
  2028. The others cattle segment is projected to
  be valued at more than 75 million by 2028.
• The aquaculture segment has been bifurcated
  further into salmon, shrimps, trout, and others.
  Salmon is set to progress at around 3.5 CAGR
  over the estimated timeline to exceed a valuation
  of 27 million by 2028.
• This growth is attributed largely to efforts by
  key animal feed additive industry players that
  are aimed at improving feed content for aquatic
  animals. For instance, in February 2022, Atlantic
  Sapphire ASA, an onshore aquaculture behemoth,
  collaborated with Skretting, a Utah-based feed
  manufacturer, to reduce the fish oil content in
  its salmon feed by nearly 25, by including the
  Veramaris ASC-MSC certified sustainable algal
  oil.
• Notable participants in the North America Animal
  Feed Additives market include Kemin Industries,
  Royal DSM, Novus International, Phibro Animal
  Health Corporation, Adisseo, Evonik, BASF, Archer
  Daniel Midland, and Cargill

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