MARKET REPORT FEED & ADDITIVE MAGAZINE September 2023 89 The demand for higher-value and quality foods, such as meat, eggs, and milk is increasing in the region. The increase in demand for these products and other non-food items, has led to the growth in the usage of feed additives, thereby, boosting the compound feed in the growth of the animal feed market. In Canada, the commercial chicken and turkey meat production totalled 1.43 billion kilograms in 2018. The demand for poultry and egg products is growing. Over the last five years, food availability increased annually on average by 2.3% for chicken, 1.4% for turkey, and 2.5% for eggs. According to the report of BlueWeave Consulting, growing emphasis on sustainable and organic feed components, fuelled by customer demand for ecologically friendly and healthier goods, is a major factor behind the expansion of the North America compound feed market. To improve efficiency and quality, there was a noticeable increase in the use of technology in feed production and management. Also, the market witnessed a rise in the amount of money spent on R&D to create novel feed formulations that enhance animal performance and health. To fulfil the changing needs of the agricultural and animal industries, the North America compound feed market is generally observing a shift towards more sustainable, technologically sophisticated, and nutritionally optimized products. Pointing out in its report that the market is developing at a significant rate due to the increase in the livestock population, Market Data Forecast, like many other research companies, remarks that consumer demands are the driving force of the market. However, the report also mentions that increasing costs of raw materials and operations are the major restraining factors for this market. NORTH AMERICA FEED INDUSTRY North America is one of the largest regions in the world in terms of the presence of feed mills. According to 2022 data, 6,300 of the 28,156 feed mills in the world are located in this region. This number was announced as 6.280 for the previous year. In other words, between 2021 and 2022, it is seen that 20 new factories started operating. However, as consolidation continues, the number of feed mills continues to decrease and output by large feed mills continues to rise, according to the Alltech's report. On the other hand, North American compound feed market is highly competitive with the presence of many local and international players who are operating in this region. According to the report of Mordor Intelligence, some of the players have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. The leading companies focuses on the expansion of the business across regions and setting up a new plant for increasing production capacity as well as a product line. The companies are also increasing production capacities of their existing plants. References are available upon request. • ADM Animal Nutrition • Alltech • Cal-Maine Foods • Cargill Inc • Hueber Feed • ForFarmers B.V • Hillandale Farms • Hi-Pro Feeds • J.D. Heiskell & CO • Kent Nutrition Group • Koch Foods • Land o’ lakes, Inc • Mountaire Farms • Nutreco • OSI Group • Peco Foods • Perdue Farms • Prestage Farms • Purina Animal Nutrition • Rose Acre Farms • Sanderson Farms • Smithfield Foods • Tyson Foods • Versova Holdings • Wayne-Sanderson Farms Some of the major players:
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