MARKET REPORT 86 FEED & ADDITIVE MAGAZINE September 2023 North America (US and Canada) is the third largest compound feed producer in the world after the Europe region. According to the Agri-Food Outlook 2023 report by Alltech, 261 million tons (20.6%) of world compound feed production, which was 1.266 billion tons in 2022, was realized by North America countries. The total feed production of the region, which was 259.3 million tons in 2021, reached 261.69 million tons in 2022 with an increase of 0.88%. North America animal feed market is flourishing due to increasing demand for meat and dairy products, expansion of livestock production, adoption of advanced animal nutrition technologies, and rising awareness about the benefits of using compound feed for livestock. North America Animal Feed Market It is seen that the North America has the high share in the world compound feed production with a production of approximately 261 million tons and a share of 20.6%. According to Alltech's data, the feed production of the North America, which was 259 million tons in 2021, increased to 261 million tons in 2022. Growth expectations in the market vary between 1% and 5%. According to a report, the total value of the animal feed market of the region will reach USD 237.15 billion by 2029. By Derya Yildiz
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