North America Specialty Animal Feed Additives Market Size

North America Specialty Animal Feed Additives Market Size

North America specialty animal feed additives market size exceeded USD 217 million in 2019 and is estimated to grow at over 4.1% CAGR between 2020 and 2026. Strong application potential for overcoming nutritional deficiency in livestock feed is likely to drive North America specialty animal feed additives industry demand.

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A feed additive is a food supplements for farm animals which is composed of amino acids, antioxidants, vitamins, trace minerals, salts and antibiotics to grow at a healthy rate. These are products used in animal nutrition for improving feed quality, performance and health by providing enhanced digestibility of the feed materials. Positive outlook towards growth in livestock rearing in poultry, cattle, swine, and aquaculture should drive the North America specialty animal feed additives market demand.
 

Animal feed additives are important animal nutrition, which enhances the quality & yield of feed and resulting into better animal performance and health. Animal feed additives helps in maintaining balance between gut flora along with managing microbial population in gastrointestinal (GI) tract for high performance and health. It suppresses harmful microbes and stimulate beneficial microorganism’s growth thereby promoting gut health and effective digestive and immunoregulatory mechanism. Strong application outlook in aquaculture, swine, ruminant, poultry and turkey will stimulate North America specialty animal feed additives industry size.
 

Increasing meat & meat products consumption mainly in the U.S. due to growth in livestock production along with easy availability of meat products due to efficient distribution channel such as supermarkets and retail stores is likely to stimulate the North America market growth. For instance, the total meat production in the U.S. increased from 45.8 million tons to 46.8 million tons between 2017 to 2018 registering a growth of around 2.2%.
 

Rapid growth in the industrial production of poultry livestock and processed meat industry will boost the usage of feed additive products including encapsulated methionine, sulfate based minerals, DCAD products, chromium propionate, tribasic copper chloride, hydroxy vitamin D. Rise in financial support to farmers for carrying out supporting agribusinesses such as livestock and poultry which has led to growing cost effectiveness and efficient animal nutrition products demand should drive North America specialty animal feed additives market trends.