North America Ruminant Feed Market - Growth, Trends and Forecast (2020 - 2025)

The North America Ruminant Feed Market is segmented by Animal Type (Dairy Cattle, Beef Cattle, and Other Animal Types), Ingredient Type (Cereals, Cakes and Meals, and Other Ingredients) in countries such as the United States, Canada, Mexico and the rest of North America.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

3 %

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Market Overview

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.

Scope of the report

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

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Key Market Trends

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.

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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.

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Competitive Landscape

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.

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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

    3. 4.3 Market Restraints

    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 Dairy Cattle

      2. 5.1.2 Beef Cattle

      3. 5.1.3 Other Animal Types

    2. 5.2 Ingredient

      1. 5.2.1 Cereals

      2. 5.2.2 Cakes & Meals

      3. 5.2.3 Other Ingredients

    3. 5.3 Geography

      1. 5.3.1 United States

      2. 5.3.2 Mexico

      3. 5.3.3 Canada

      4. 5.3.4 Rest of North America

  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 Trow Nutrition

      3. 6.3.3 Novus International

      4. 6.3.4 Lallemand Inc.

      5. 6.3.5 Land O Lakes Purina

      6. 6.3.6 Archer Daniels Midland

      7. 6.3.7 Neovia Group

      8. 6.3.8 BIOMIN America Inc

      9. 6.3.9 DSM NV

      10. 6.3.10 Canadian Organic Feeds Limited

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

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