US Compound Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.30 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Compound Feed Market Analysis
The United States compound feed market is projected to register a CAGR of 4.3% during the forecast period. The United States 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 ingredients, feed, and pet food. This trade agreement, coupled with the growing livestock industry, is driving the market for animal feed. The growing concern about the integrity of feed ingredients sourced from outside the United States has provided a great opportunity for domestic manufacturers to tap into this high-potential market by offering high-quality nutritional ingredients that can be added in animal feed. This has resulted in better animal maintenance, reproduction, growth, and immunity.
US Compound Feed Market Trends
This section covers the major market trends shaping the US Compound Feed Market according to our research experts:
Increasing Compound Feed Production
According to the AllTech feed survey in 2019, the total feed production in the United States accounted for 214 million metric tons with about 5,715 feed mills. With the increasing per capita income and growing population level, the demand for food crops and cash crops is also estimated to increase globally, along with an increase in food from animal origin, including meat, fish, milk, and eggs. According to resources studied, The country remains the world's largest animal feed producer and exporter. It is also home to many of the world's leading animal feed producers. Several feed companies are reviving the previously discontinued investment projects on feed. The ruminant sector holds the major share in the overall feed produced in the country,
Increasing Beef Consumption Is Driving The Market
According to the World Economic Forum, In the United States, the percentage of consumer expenditure on meat products is 6.4% in 2017. Texas has the most beef cows in the United States followed by Oklahoma, Missouri, Nebraska & South Dakota. As the demand for feed positively correlates with the demand for livestock as meat, rising demand for beef corroborates a potential growth for the market in the future. For instance, according to the World Agriculture report by the United Nations, the global consumption of beef is projected to rise by 69% during the outlook period 2030-2050. Therefore, to meet the feed requirement of the increasing cattle, the demand for compound feed has also increased, which, in turn, is expected to boost the overall compound feed revenue.
US Compound Feed Industry Overview
The country remains the world's largest animal feed producer and exporter. It is also home to many of the world's leading animal feed producers. In January 2020, Micronutrients USA (Micronutrients) and Kemin Industries (Kemin) partnered to introduce IntelliBond® VITAL 5 Cr, the world's first nutrition package containing six essential trace minerals, to support the well-being and performance of dairy and beef cattle. The prominent feed manufacturers in the country include Cargill, Land O'Lakes, Alltech, ADM Alliance Nutrition, Perdue Farms, J.D. Heiskell & Co. Kent Nutrition Group, Hi-Pro Feeds, and Southern States Coop.
US Compound Feed Market Leaders
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United Animal Health
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Archer Daniels Midland Company
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ALLtech inc.
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LAND O’ LAKES INC. (PURINA MILLS)
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Cargill inc.
*Disclaimer: Major Players sorted in no particular order
US Compound Feed Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 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 Porters Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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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 Ingredient
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5.1.1 Cereals
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5.1.2 Cakes & Meals
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5.1.3 By-products
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5.1.4 Supplements
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5.2 Animal Type
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5.2.1 Ruminants
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5.2.2 Poultry
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5.2.3 Swine
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5.2.4 Aquaculture
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5.2.5 Other Animal Types
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted 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 Archer Daniels Midland
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6.3.2 DeKalb Feeds
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6.3.3 Heiskell & Co.
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6.3.4 Kent Feeds
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6.3.5 Nutreco
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6.3.6 Cargill Inc.
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6.3.7 Land O Lakes Purina
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6.3.8 Alltech Inc.
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
US Compound Feed Industry Segmentation
Compound feed is a mixture of raw materials and supplements fed to the 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 United States Compound Feed Market is segmented By Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Others), By Ingredients (Cereal, Cakes & Meals, By-Products, and Supplements).
| Ingredient | |
| Cereals | |
| Cakes & Meals | |
| By-products | |
| Supplements |
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Other Animal Types |
US Compound Feed Market Research FAQs
What is the current United States Compound Feed Market size?
The United States Compound Feed Market is projected to register a CAGR of 4.30% during the forecast period (2024-2029)
Who are the key players in United States Compound Feed Market?
United Animal Health, Archer Daniels Midland Company, ALLtech inc., LAND O’ LAKES INC. (PURINA MILLS) and Cargill inc. are the major companies operating in the United States Compound Feed Market.
What years does this United States Compound Feed Market cover?
The report covers the United States Compound Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Compound Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Compound Feed Industry Report
Statistics for the 2024 United States Compound Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States 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.
United States Compound Feed Report Snapshots
