North America Ruminant Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Ruminant Feed Market Analysis
The North American ruminant feed market is projected to register a CAGR of 3.0% during the forecast period (2020-2025). Increasing demand for high-value animal protein increased awareness regarding the safety of meat and milk products, and increased industrial livestock production. The United States is to lead this growth in the region as the US animal food manufacturing industry strongly depends on the free-trade agreement with Canada and Mexico (North American Free Trade Agreement's (NAFTA) implementation), which has allowed exports of feed and feed ingredients. This trade agreement, coupled with the growing livestock industry, is driving the market for animal feed. Cargill, Incorporated., Lallemand Inc., Trow Nutrition, ADM Animal Nutrition, and BIOMIN America Inc. are some of the leading players in the market.
North America Ruminant Feed Market Trends
This section covers the major market trends shaping the North America Ruminant Feed Market according to our research experts:
Shift in Consumer Preference Towards Animal Sourced Protein
According to the Organisation for EconomicCo-operation and Development(OECD), in 2018, beef and veal, is the second-highest consumed meat in the United States. the per capita consumption of beef and veal meat in the country was 26.1 Kg that increased to 26.7 in 2019. According to the Food and Agriculture Organisation (FAO), in 2016, cattle and buffaloes population in the region was 103.49 million that increased to 105.86 million in 2018. The growing livestock production and rising consumption of animal protein are driving the ruminant feed market. Furthermore, according to the OECD, in 2016 the production of fresh dairy products in the region was 27,263.94 tons which increased to 28,042.54 tons in 2019. Thus the rising meat consumption coupled with increasing production to meet the demand will create demand for feed to increase productivity.
The United States Dominates the Market
The United States is to lead this growth in the region. As stated by American Feed Industry Association in 2016, corn is the most abundantly produced crop in the United States, accounts to slightly more than half of the total amount of animal feed consumed, but when combined with soybean meal and dried distiller's grains with solubles (DDGs), represented more than 75 percent of all feed tonnage provided. There are 5,715 animal feed mills producing feed at a commercial-scale and excepting the farm level manufacturers. According to the Food and Agriculture Organisation (FAO), in 2016, cattle and buffaloes population in the United States was 91.88 million that increased to 94.2 million in 2018. The growing population in the country drives the ruminant market feed. According to the Alltech survey, in 2019, the United States produced feed amounting to 214 million metric tons from 5,715 mills surveyed, of which beef feed is the highest produced with a quantity of 61.09 million metric tons occupying a share of 28.5% of the total production.
North America Ruminant Feed Industry Overview
The North America ruminant feed market is fragmented with some feed manufacturers, while the rest of the market is divided among small companies, mostly the feed mills. Major investments are done by companies in their domestic markets to cater to the local demand. Expansion is the second-most preferred growth strategy, followed by investment, in the North America ruminant feed market. In addition to this, various companies are also enhancing the production capacities of their existing plants. Cargill, Incorporated., Lallemand Inc., Trow Nutrition, ADM Animal Nutrition, and BIOMIN America Inc. are some of the leading players in the market. In 2017, Nutreco NV (a Netherland-based animal nutrition manufacturer) acquired Hi-Pro Feeds which is an animal nutrition supplier, supplying specialty feeds, premixes, concentrates, and commodity ingredients, especially in Western Canada and the Southwest United States. This acquisition has not only expanded Nutreco's presence in the country but also has broadened its consumer base.
North America Ruminant Feed Market Leaders
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Cargill, Incorporated.
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Lallemand Inc.
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Trow Nutrition
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ADM Animal Nutrition
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BIOMIN America Inc
*Disclaimer: Major Players sorted in no particular order
North America Ruminant Feed Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Animal Type
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5.1.1 Dairy Cattle
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5.1.2 Beef Cattle
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5.1.3 Other Animal Types
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5.2 Ingredient
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5.2.1 Cereals
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5.2.2 Cakes & Meals
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5.2.3 Other Ingredients
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5.3 Geography
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5.3.1 United States
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5.3.2 Mexico
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5.3.3 Canada
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5.3.4 Rest of North America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Competitor Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Cargill Inc.
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6.3.2 Trow Nutrition
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6.3.3 Novus International
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6.3.4 Lallemand Inc.
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6.3.5 Land O Lakes Purina
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6.3.6 Archer Daniels Midland
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6.3.7 Neovia Group
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6.3.8 BIOMIN America Inc
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6.3.9 DSM NV
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6.3.10 Canadian Organic Feeds Limited
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
North America Ruminant Feed Industry Segmentation
The ruminant feed is the fodder that is blended from various raw materials and additives. These blends are formulated according to the specific requirements of the target animal. They are manufactured by feed compounders as meal type, pellets, or crumbles. 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.
| Animal Type | |
| Dairy Cattle | |
| Beef Cattle | |
| Other Animal Types |
| Ingredient | |
| Cereals | |
| Cakes & Meals | |
| Other Ingredients |
| Geography | |
| United States | |
| Mexico | |
| Canada | |
| Rest of North America |
North America Ruminant Feed Market Research FAQs
What is the current North America Ruminant Feed Market size?
The North America Ruminant Feed Market is projected to register a CAGR of 3% during the forecast period (2024-2029)
Who are the key players in North America Ruminant Feed Market?
Cargill, Incorporated., Lallemand Inc., Trow Nutrition, ADM Animal Nutrition and BIOMIN America Inc are the major companies operating in the North America Ruminant Feed Market.
What years does this North America Ruminant Feed Market cover?
The report covers the North America Ruminant Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Ruminant Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Ruminant Feed Industry Report
Statistics for the 2024 North America Ruminant Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Ruminant 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.
