United States animal feed market is
anticipated to witness substantial growth during the forecast period owing to
increasing consumption of meat and dairy products in the country. The rising
concern over meat quality and food safety is also propelling the demand for
animal feed for livestock. The country is one of the largest exporters of
animal feed in the world and has a high rating in the quality of animal feed
products. The growing demand for animal feed from Middle East countries is
further expected to support the growth of United States animal feed market in
the coming years.
Additionally, the growing
awareness among dairy farmers about safety of animal feed and products is also
contributing to the growth of the market. With the focus of government and
international organizations like Food and Agricultural Organization (FAO) on ensuring
the safety of meat and dairy products for human consumption, the United States
animal feed market is poised to undergo formidable growth in the next five
years.
United States animal feed market
is segmented based on type, product and region. Based on type, the market is
categorized into swine animal feed, poultry animal feed, ruminant feed, aquatic
feed and others. The ruminant feed segment held the largest market share in
2019 and the segment is expected to continue dominance until 2025 owing to the
increasing consumption of beef and red meat in the country.
Based on product, the United
States animal feed market is segmented into fodder, forage and others. Among
them, the fodder segment held the largest market share in 2019 owing to
increasing cultivation of corn and soybeans in the country and their increasing
adoption as animal feed.
Major players
operating in the United States animal feed market are Cargill Inc, Land
O’Lakes, Tyson Foods, Alltech, ADM Animal Nutrition, Inc., Perdue Farms Inc.,
J.D. Heiskell & Co., Kent Nutrition Group, Inc., Hi-Pro Feeds, Inc. and Southern States Cooperative, among
others.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the
Study:
- To analyze and forecast the market size of United
States animal feed market.
- To classify and forecast United States animal feed
market based on type, product, company and regional distribution.
- To identify drivers and challenges for United
States animal feed market.
- To examine competitive developments such as
expansions, new product launches in United States animal feed market.
- To conduct pricing analysis for United States animal
feed market.
- To identify and analyze the profile of leading
players operating in United States animal feed market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of animal feed manufacturers across the country. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the manufacturing
companies which could not be identified due to the limitations of secondary
research. TechSci Research analyzed the companies, distribution channels and
presence of all major players across United States.
TechSci Research calculated the market size of United States animal feed market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also
studied by TechSci Research.
Key Target Audience:
- Animal feed manufacturers/partners
- Sales channel/vendors/ distribution
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
animal feed
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as companies, partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
Report Scope:
In this report, United States animal
feed market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- United States Animal Feed Market, By Type:
- Swine Animal Feed
- Poultry Animal
Feed
- Ruminant Feed
- Aquatic Feed
- Others
- United States Animal Feed Market, By Product:
- United States Animal
Feed Market, By Region:
- South-Region
- West-Region
- Mid-West-Region
- Northeast-Region
Competitive
Landscape
Company Profiles: Detailed analysis of the
major companies present in United States animal feed market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]