North America Compound Feed Market Insights Forecasts to 2033

• The North America Compound Feed Market Size was valued at USD 178.18 Billion in 2023.
• The Market Size is Growing at a CAGR of 6.1% from 2023 to 2033.
• The North America Compound Feed Market Size is Expected to Reach USD 322.11 Billion by 2033

The North America Compound Feed Market is Anticipated to Reach USD 322.11 Billion by 2033, growing at a CAGR of 6.1% from 2023 to 2033.

Market Overview

Compound feed, also known as manufactured feed or pelleted feed, is a nutritionally balanced and standardized blend of various ingredients intended to meet the dietary needs of livestock and poultry. Cereals, protein sources (such as soybean or fish meal), vitamins, minerals, and additives are all common ingredients. The production process includes grinding, mixing, and pelletizing to ensure uniformity and ease of consumption for animals. Compound feed provides several benefits, including increased animal growth, productivity, and simplified feeding management. It is widely used in modern animal husbandry and contributes significantly to the sustainability of the global food supply by efficiently converting raw materials into high-quality animal protein products. A major factor driving the growth of the North America compound feed market is a growing emphasis on sustainable and organic feed ingredients, driven by consumer demand for environmentally friendly and healthier products. Also, there was a notable rise in the adoption of technology in feed production and management to enhance efficiency and quality.

Report Coverage

This research report categorizes for the North America compound feed market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America compound feed market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America compound feed market.

Driving Factors

In recent years, the North American compound feed market has seen significant growth due to increased consumer demand for high-quality animal protein products. With a growing population and rising health consciousness, demand for meat, dairy, and poultry products has increased. Thus, livestock and poultry farmers are emphasizing animal health, nutrition, and productivity. Compound feed, as a nutritionally balanced and cost-effective solution, has gained popularity as an essential component for improving animal performance. This trend is expected to fuel continued growth in the North American compound feed market, benefiting both farmers and consumers.

Restraining Factors

In the dynamic landscape of the North America compound feed market, growing environmental concerns emerge as a significant constraint. Increased awareness of sustainability and climate change impacts leads to greater scrutiny of feed production methods and raw material sourcing.

Market Segmentation

The North America compound feed market share is classified into ingredient and form.

• The cereals segment is expected to hold the largest market share through the forecast period.

The North America compound feed market is segmented by ingredient into cereals, cakes & meals, and animal B-products. Among these, the cereals segment is expected to hold the largest market share through the forecast period. Cereals are likely to dominate due to their widespread use in animal feed formulations, which provide essential nutrients while remaining cost-effective.

• The mash segment is expected to dominate the North America compound feed market during the forecast period.       

Based on the form, the North America compound feed market is divided into mash, pallets, and crumbles. Among these, the mash segment is expected to dominate the North America compound feed market during the forecast period. Mash outperforms the others, demonstrating significant demand and consumption. The compound feed industry in North America is rapidly expanding, with Mash playing a critical role in meeting the diverse needs of livestock and poultry.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America compound feed market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• ADM
• Cargill Inc
• Archer Daniels Midland Company
• Alltech
• Hi-Pro Feeds
• Land O Lakes Purina
• Nutreco N.V. (trouw nutrition)
• Kent Nutrition Group
• Neovia Group
• New Hope Group Co. Ltd
• Wen’s Group
• ForFarmers B.V
• Agribusiness Holding Miratorg
• Kyodo Shiryo Company
• Sodrugestvo Group S.A
• DeKalb Feeds, Inc
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2022, ADM purchased a feed mill in the Philippines, which helped the company expand in the region with a diverse range of products such as pet food, complete feed, aquaculture, and premix solutions. Furthermore, the acquisition improves the company's portfolio.

Market Segment

This study forecasts revenue at North America, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the North America compound feed market based on the below-mentioned segments:

North America Compound Feed Market, By Ingredient

• Cereals
• Cakes & Meals
• Animal B-products

North America Compound Feed Market, By Form

• Mash
• Pallets
• Crumbles