North America Corn and Wheat-Based Feed Market
No. of Pages: 78 | Report Code: BMIRE00030671 | Category: Food and Beverages
No. of Pages: 78 | Report Code: BMIRE00030671 | Category: Food and Beverages
The North America corn and wheat-based feed market was valued at US$ 53,211.34 million in 2022 and is expected to reach US$ 76,842.54 million by 2030; it is estimated to register a CAGR of 4.7% from 2022 to 2030. Rising Preference for Organic Feed Fuel North America Corn and Wheat-Based Feed Market
Animals who consume organic food offer meat that has high nutritional value. Organic milk and meat are rich in nutrients such as enzymes, bioflavonoids, and antioxidants. Hence, health-conscious consumers prefer organic food and organic meat over conventional food as it does not contain pesticides. Due to the growing demand for organic meat and dairy products, livestock farms, the poultry sector, and animal husbandry have focused on purchasing high-quality organic corn and wheat-based feed to supply organic meat to consumers. Conventional feed often contains high amounts of chemicals that hamper meat quality when consumed by animals. Long-term consumption of such meat results in various health disorders. To overcome this issue, manufacturers are investing heavily in corn and wheat-based feed products produced with organic constituents. Also, they are developing organic products that contain no chemical additives. Owing to all these factors, the rising preference for organic feed is expected to become a significant trend in the North America corn and wheat-based feed market during the forecast period.North America Corn and Wheat-Based Feed Market Overview
The surge in demand for corn and wheat-based feed in North America can be attributed to the rise in livestock production. There were 87.2 million head of cattle and calves on the US farms as of January 1, 2024, according to the Cattle Report published by the US Department of Agriculture's National Agricultural Statistics Service (NASS). North America has seen increased meat consumption, driven by population growth, urbanization, and changing dietary preferences toward protein-rich diets. As a result, the demand for animal feed is rising to sustain the growing number of livestock raised for meat production. Corn and wheat are staple ingredients in animal feed formulations due to their nutritional value and affordability.
The increasing awareness of the advantages of corn in feed is further bolstering the market growth. Corn is a highly digestible carbohydrate for energy. It contains fatty acids for healthy skin and coat, beta-carotene, vitamin E, lutein, natural antioxidants, and high-quality proteins for muscle and tissue growth. Also, corn is a commonly used ingredient in commercial chicken feed because it's a readily available and inexpensive energy source and protein for chickens. Much like pigs, chickens benefit from the high carbohydrate content as it is a good source of protein and provides energy to maintain and grow their body temperature and essential amino acids for the growth and maintenance of muscle tissue. Additionally, the US is one of the top producers of corn in the world. According to United States Department of Agriculture (USDA), the corn production in the country in 2023 accounted for 15.3 billion bushels. Also, in Mexico and Canada there is huge production of corn. Thus, the easy availability of corn in the region and the rising awareness of benefits of using corn-based feed is contributing to the market growth in the region.
North America Corn and Wheat-Based Feed Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the North America Corn and Wheat-Based Feed provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Corn and Wheat-Based Feed refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report North America Corn and Wheat-Based Feed Strategic Insights
Get more information on this report North America Corn and Wheat-Based Feed Report Scope
Report Attribute
Details
Market size in 2022
US$ 53,211.34 Million
Market Size by 2030
US$ 76,842.54 Million
Global CAGR (2022 - 2030)
4.7%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Product Type
By Livestock
Regions and Countries Covered
North America
Market leaders and key company profiles
Get more information on this report North America Corn and Wheat-Based Feed Regional Insights
Get more information on this report North America Corn and Wheat-Based Feed Market Segmentation
The North America corn and wheat-based feed market is categorized into product type, livestock, and country.
Based on product type, the North America corn and wheat-based feed market is bifurcated corn-based and wheat-based. The corn-based segment held a larger market share in 2022. The corn-based segment is further sub segmented into corn gluten meal, corn gluten feed, and other corn-based feed. The wheat-based segment is further sub segmented into wheat gluten, wheat bran, and other wheat-based feed.
In terms of livestock, the North America corn and wheat-based feed market is categorized into poultry, ruminants, swine, aquaculture, and others. The ruminants segment held the largest market share in 2022.
By country, the North America corn and wheat-based feed market is segmented into the US, Canada, and Mexico. The US dominated the North America corn and wheat-based feed market share in 2022.
Associated British Foods Plc, Jungbunzlauer Suisse AG, Roquette Freres SA, BENEO GmbH, International Nutritionals Ltd, Agrana Beteiligungs AG, Grain St Laurent Inc, and Archer Daniels Midland Company are some of the leading companies operating in the North America corn and wheat-based feed market.
1. Associated British Foods Plc
2. Jungbunzlauer Suisse AG
3. Roquette Freres SA
4. BENEO GmbH
5. International Nutritionals Ltd
6. Agrana Beteiligungs AG
7. Grain St Laurent Inc
8. Archer Daniels Midland Company
The North America Corn and Wheat-Based Feed Market is valued at US$ 53,211.34 Million in 2022, it is projected to reach US$ 76,842.54 Million by 2030.
As per our report North America Corn and Wheat-Based Feed Market, the market size is valued at US$ 53,211.34 Million in 2022, projecting it to reach US$ 76,842.54 Million by 2030. This translates to a CAGR of approximately 4.7% during the forecast period.
The North America Corn and Wheat-Based Feed Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Corn and Wheat-Based Feed Market report:
The North America Corn and Wheat-Based Feed Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Corn and Wheat-Based Feed Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Corn and Wheat-Based Feed Market value chain can benefit from the information contained in a comprehensive market report.
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