North America Specialty Animal Feed Additives Market Size, Share, Growth Analysis, By Product(Encapsulated Methionine, Sulfate based minerals), By Livestock(Poultry, Layers) - Industry Forecast 2024-2031

North America Specialty Animal Feed Additives Market size was valued at USD 22.9 Billion in 2022 and is poised to grow from USD 24.43 billion in 2023 to USD 41.05 billion by 2031, growing at a CAGR of 6.7% in the forecast period (2024-2031).

The presence of well-known industry companies and cutting-edge newcomers in the competitive landscape of the specialty animal feed additives market in North America is indicative of the market's intense competition as they compete to satisfy the rising demand for high-quality animal nutrition solutions. Leading businesses like Cargill, Inc., Archer Daniels Midland Company, Evonik Industries AG, and Alltech, Inc. have maintained strong market positions because to their broad product portfolios, worldwide reach, and emphasis on research and development. 'Cargill, Inc. (Minnetonka, Minnesota, USA)', 'Archer Daniels Midland Company (Chicago, Illinois, USA)', 'Evonik Industries AG (Essen, Germany, with a significant presence in North America)', 'Alltech, Inc. (Nicholasville, Kentucky, USA)', 'Novozymes A/S (Bagsværd, Denmark)', 'DSM Nutritional Products, LLC (Parsippany, New Jersey, USA)', 'Adisseo USA Corporation (Alpharetta, Georgia, USA)', 'Kemin Industries, Inc. (Des Moines, Iowa, USA)', 'Balchem Corporation (New Hampton, New York, USA)', 'BASF Corporation (Florham Park, New Jersey, USA)', 'Nutreco N.V. (Amersfoort, Netherlands, with operations in North America)', 'Zinpro Corporation (Eden Prairie, Minnesota, USA)', 'Perstorp Holding AB (Malmö, Sweden, with a presence in North America)', 'Phibro Animal Health Corporation (Teaneck, New Jersey, USA)', 'AB Vista, Inc. (Marlborough, Wiltshire, UK, with a presence in North America)', 'Biomin America, Inc. (San Antonio, Texas, USA)', 'Danisco Animal Nutrition (DuPont) (Wilmington, Delaware, USA)', 'Kalsec, Inc. (Kalamazoo, Michigan, USA)', 'Diamond V (Cedar Rapids, Iowa, USA)', 'Elanco Animal Health Incorporated (Greenfield, Indiana, USA)'

The demand for specialty feed additives is rising as livestock producers increasingly understand the significance of animal nutrition and health in maximizing production efficiency and profitability.

Microbiome and Gut Health: Feed additives that improve the digestive health of animals are high in demand as companies invest in the research of animal gut health to promote better nutritional absorption.

Regional insights indicate various trends and dynamics in the speciality animal feed additives industry in North America. The United States has historically been the dominating location within North America for speciality animal feed additives as of my most recent knowledge update in September 2021. This is mainly attributable to the nation's enormous livestock output, thriving poultry and swine sectors, and heavy emphasis on improving animal nutrition. The livestock industry in the United States is highly developed and technologically sophisticated, and speciality feed additives are used to improve animal health, feed effectiveness, and product quality. The market's position in the US has also been bolstered by American livestock farmers' growing understanding of the advantages of speciality feed additives.