Canada Compound Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Canada Compound Feed Market Report is Segmented by Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Others) and Ingredients (Cereal, Cakes & Meals, By-Products, and Supplements). The Report Offers Market Estimation and Forecasts in Value (USD) and Volume for the Above-Mentioned Segments.

Canada Compound Feed Market Size

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Canada Compound Feed Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 9.22 Billion
Market Size (2029) USD 11.10 Billion
CAGR (2024 - 2029) 3.70 %
Market Concentration Medium

Major Players

Canada Compound Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Canada Compound Feed Market with other markets in Animal Nutrition & Wellness Industry

Compound Feed

Feed Additives

Pet Care

Animal Farm Services

Canada Compound Feed Market Analysis

The Canada Compound Feed Market size is estimated at USD 9.22 billion in 2024, and is expected to reach USD 11.10 billion by 2029, at a CAGR of 3.70% during the forecast period (2024-2029).

The Canada compound feed market is projected to proliferate due to the increasing consumption of animal-based food products nationwide. Changing consumer preferences towards higher-quality dairy and meat products will drive the compound feed market's growth during the forecast period. The rising meat consumption across the country is likely to generate significant demand for compound feed to produce better-quality meat. According to the Canadian Meat Council, Canadians consume moderate amounts of red meat, with an average daily intake of 61 g of unprocessed red meat (288 g per week).

Statistics Canada reported increased poultry production and sales in 2023, driven by higher demand and product prices, signaling a recovery from the 2022 avian influenza outbreak. Total poultry sales grew 7.7% year-over-year, reaching USD 4.5 billion in 2023. Poultry farmers collectively produced 1.6 billion kilograms of chicken, turkey, and stewing hens, a 3.6% increase, Statistics Canada estimated. Egg production rose by 2.0% to 883.9 million dozen eggs in 2023. Meat consumption patterns have been shifting towards poultry. In developing countries with lower incomes, poultry is often chosen for its lower price than other meats. In high-income countries, this shift reflects a growing preference for white meats, which are easier to prepare and perceived as healthier. The increasing demand for meat and animal products is the primary driver of growth in the compound feed market. Heightened consumer awareness about the quality of meat and dairy products, coupled with a rise in livestock production, are additional factors contributing to the expansion of this market.

The Canadian feed industry operates under strict regulations, primarily governed by the Feeds Act and Feeds Regulations. These regulations oversee the daily operations of feed mills and ensure consistency among feed suppliers, manufacturers, and distributors. Feed mills in Canada are typically situated near livestock operations, with most production catering to domestic consumption. Additionally, Canada's biofuel industry enables increased grain input in livestock production, resulting in lower feed costs. This cost advantage significantly boosts sales in the Canadian feed market.

Canada Compound Feed Market Trends

Increasing Meat Consumption and Export Growth

Meat consumption in Canada has been steadily increasing. Several factors influence the level and type of meat consumption, including population growth, urbanization, demographic shifts, income levels, price fluctuations, and environmental and health considerations. This trend is driving demand in the compound feed market. According to Government of Canada statistics, total poultry availability in 2023 reached 25.5 kilograms (boneless weight) per person, with poultry production increasing by 3.6% from 2022. Red meat availability rose by 1.2% in 2023 compared to 2022, reaching 32.7 kilograms (boneless weight) per person. Notably, pork availability surpassed beef in 2023, with 16.7 kilograms (boneless weight) available per person, a 14.4% increase from 2022. Additionally, standard milk availability increased by 3.0% to 11.5 liters per person. These trends are projected to positively impact the feed industry in the coming years.

The increasing demand for various animal products, including milk, dairy, meat, eggs, and non-food items, has driven the growth in compound feed usage, consequently boosting the compound feed segment in Canada. According to Statistics Canada, the export value of beef and veal rose from USD 4,068 million in 2022 to USD 5,022 million in 2023. Feed quality plays a crucial role in animal product exports by enhancing overall quality, safety, and competitiveness in international markets. High-quality feed ensures that meat, dairy, and eggs meet strict international standards, making them more appealing to foreign buyers. It also helps producers comply with regulatory requirements, reducing the risk of export rejections. Consistently high-quality products build a strong market reputation, potentially increasing demand and commanding higher prices. Furthermore, better feed quality improves feed conversion ratios, leading to more efficient production and lower costs, which enhances profitability and competitiveness. Therefore, investing in high-quality feed is essential for producers aiming to succeed in the global market, as it directly influences the quality, safety, and marketability of animal products, thus driving market growth.

Canada Compound Feed Market: Export Value of Bovine Meat in USD Million, 2022-2023

Poultry Leads the Market

Poultry demand in Canada has been increasing, driven by higher domestic consumption and product prices. This growth is attributed to poultry's affordability compared to other meats, its versatility, and nutritional benefits. Strong demand from both in-home dining and food service sectors is projected to maintain high poultry consumption in the coming years.

Per capita consumption of poultry products has risen significantly, as consumers across various demographics increasingly view them as an essential source of protein and nutrition. According to the United States Department of Agriculture, per capita poultry meat consumption in Canada increased from 37.9 kg/person in 2022 to 38.2 kg/person in 2023. The livestock sector has experienced robust growth in response to globalization and the increasing demand for animal-sourced foods. This commercialization of livestock has led to a higher volume of animals in recent years.

According to Statistics Canada, in 2023, Canada had 2,853 regulated chicken producers, 513 registered turkey producers, 243 broiler-hatching egg producers, and 1,243 egg producers. Beyond these 4,852 commercial poultry and egg producers, numerous businesses supported these production activities. The country's poultry industry infrastructure included hatcheries, feed manufacturers, feed supplement suppliers, and drug suppliers. Additionally, many processors, further processors, egg grading facilities, and egg processing establishments in Canada relied on the poultry industries for a significant portion of their business. Consequently, the increasing demand for high-quality feed is driving growth in the compound feed market for the poultry sector during the forecast period.

Canada Compound Feed Market : Per Capita Consumption of Poultry Meat in Kilograms, 2022-2023

Canada Compound Feed Industry Overview

The Canada compound feed market was moderately fragmented with the presence of the leading companies in Canada such as Cargill Inc., Alltech, Inc., Novus International, Inc. Land O’ Lakes Purina, and Archer Daniel Midland Co. Leading companies are focused on acquiring feed mills and small manufacturing for expansion of the business in local as well as foreign markets. Some of the players have been expanding their geographical presence by acquiring or merging with manufacturers in foreign markets.

Canada Compound Feed Market Leaders

  1. Cargill Inc.

  2. Alltech, Inc.

  3. Novus International, Inc.

  4. Land O’ Lakes Purina

  5. Archer Daniel Midland Co.

*Disclaimer: Major Players sorted in no particular order

Canada Compound Feed Market Concentration
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Canada Compound Feed Market News

  • June 2024: ADM Animal Nutrition, a division of Archer Daniels Midland Company, has expanded its ongoing animal feed recall to include additional products potentially containing harmful levels of various minerals. The recall initially introduced encompasses a wider range of products due to elevated levels of magnesium, sodium, calcium, chloride, and phosphorus. These elevated mineral levels could adversely affect a variety of farm animals.
  • January 2024: DSM-Firmenich, a nutrition, health, and beauty company, received market authorization in Canada for Bovaer, a feed ingredient for dairy and beef cattle. Bovaer reduces methane emissions in dairy cows by an average of 30% and in feedlot beef cattle by up to 45%, lowering the carbon footprint of dairy and beef farming.

Canada Compound Feed Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increase in Meat Consumption and Demand for Animal Protein

      2. 4.2.2 Initiatives by Major Market Players

      3. 4.2.3 Focus on Animal Nutrition and health

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Government Regulations

      2. 4.3.2 Changing Raw Material Prices

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Animal Type

      1. 5.1.1 Ruminants

      2. 5.1.2 Poultry

      3. 5.1.3 Swine

      4. 5.1.4 Aquaculture

      5. 5.1.5 Other Animal Types

    2. 5.2 Ingredient

      1. 5.2.1 Cereals

      2. 5.2.2 Cakes & Meals

      3. 5.2.3 By-products

      4. 5.2.4 Supplements

        1. 5.2.4.1 Vitamins

        2. 5.2.4.2 Amino Acid

        3. 5.2.4.3 Enzymes

        4. 5.2.4.4 Prebiotics and Probiotics

        5. 5.2.4.5 Acidifiers

        6. 5.2.4.6 Other Supplements

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Cargill Inc.

      2. 6.3.2 Alltech Inc.

      3. 6.3.3 Novus International, Inc.

      4. 6.3.4 Land O Lakes Purina

      5. 6.3.5 Archer Daniel Midland Co.

      6. 6.3.6 Paragon Feeds Corp.

      7. 6.3.7 SHV (Nutreco NV)

      8. 6.3.8 Charoen Pokphand Foods Canada Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Canada Compound Feed Industry Segmentation

Compound feed is a mixture of raw materials fed to livestock, sourced from either plant, animal, organic or inorganic substances or industrial processing, whether or not containing additives. While soybean, corn, barley, wheat, and sorghum are the most commonly used raw materials, vitamins, minerals, and amino acids are the most common additives blended to form compound feed. The Canada compound feed market is segmented by Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Others) and ingredients (Cereal, Cakes & Meals, By-Products, And Supplements). The report offers market estimation and forecasts in value (USD) and volume for the above-mentioned segments.

Animal Type
Ruminants
Poultry
Swine
Aquaculture
Other Animal Types
Ingredient
Cereals
Cakes & Meals
By-products
Supplements
Vitamins
Amino Acid
Enzymes
Prebiotics and Probiotics
Acidifiers
Other Supplements
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Canada Compound Feed Market Research Faqs

The Canada Compound Feed Market size is expected to reach USD 9.22 billion in 2024 and grow at a CAGR of 3.70% to reach USD 11.10 billion by 2029.

In 2024, the Canada Compound Feed Market size is expected to reach USD 9.22 billion.

Cargill Inc., Alltech, Inc., Novus International, Inc., Land O’ Lakes Purina and Archer Daniel Midland Co. are the major companies operating in the Canada Compound Feed Market.

In 2023, the Canada Compound Feed Market size was estimated at USD 8.88 billion. The report covers the Canada Compound Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Compound Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Canada Compound Feed Industry Report

Statistics for the 2024 Canada Compound Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Compound Feed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Canada Compound Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)