United States Compound Feed Market Trends

Statistics for the 2023 & 2024 United States Compound Feed market trends, created by Mordor Intelligence™ Industry Reports. United States Compound Feed trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Corporate License

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Market Trends of United States Compound Feed Industry

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,

United States Compound Feed Market Share

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.

United States Compound Feed Market Growth

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