The United States animal feed market is anticipated to witness substantial growth during the forecast period owing to the increasing consumption of meat and dairy products in the country. The rising concern over meat quality and food safety is also propelling the demand for animal feed for livestock. The country is one of the largest exporters of animal feed in the world and has a high rating for the quality of animal feed products. The growing demand for animal feed from Middle East countries is further expected to support the growth of the United States animal feed market in the coming years.
Additionally, the growing awareness among dairy farmers about the safety of animal feed and products is also contributing to the growth of the market. With the focus of government and international organizations like the Food and Agricultural Organization (FAO) on ensuring the safety of meat and dairy products for human consumption, the United States animal feed market is poised to undergo formidable growth in the next five years.
The United States animal feed market is segmented based on type, product, and region. Based on type, the market is categorized into swine animal feed, poultry animal feed, ruminant feed, aquatic feed, and others. The ruminant feed segment held the largest market share in 2019 and the segment is expected to continue dominance until 2027 owing to the increasing consumption of beef and red meat in the country.
Based on product, the United States animal feed market is segmented into fodder, forage, and others. Among them, the fodder segment held the largest market share in 2019 owing to the increasing cultivation of corn and soybeans in the country and their increasing adoption as animal feed.
Major players operating in the United States animal feed market are Cargill Inc, Land O’Lakes, Tyson Foods, Alltech, ADM Animal Nutrition, Inc., Perdue Farms Inc., J.D. Heiskell & Co., Kent Nutrition Group, Inc., Hi-Pro Feeds, Inc. and Southern States Cooperative, among others.
Years considered for this report for the United States Animal Feed Market
- Historical Years: 2015-2018
- Base Year: 2019
- Estimated Year: 2020
- Forecast Period: 2021–2027
The objective of the Study for the United States Animal Feed Market
- To analyze and forecast the market size of the United States animal feed market.
- To classify and forecast the United States animal feed market based on type, product, company, and regional distribution.
- To identify drivers and challenges for the United States animal feed market.
- To examine competitive developments such as expansions, and new product launches in the United States animal feed market.
- To conduct pricing analysis for the United States animal feed market.
- To identify and analyze the profile of leading players operating in the United States animal feed market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of animal feed manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturing companies which could not be identified due to the limitations of secondary research. TechSci Research analyzed the companies, distribution channels, and presence of all major players across the United States.
TechSci Research calculated the market size of the United States animal feed market using a bottom-up approach, wherein data for various end-user segments were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.
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Key Target Audience for United States Animal Feed Market
- Animal feed manufacturers/partners
- Sales channel/vendors/ distribution
- Market research and consulting firms
- Government bodies such as regulating authorities and policymakers
- Organizations, forums, and alliances related to animal feed
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as companies, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.