Canada Feed Additives Market Growth, Size, Trends, Share, Revenue, Demand and Future Outlook
Canada Feed Additives Market Size- By Type, By Form, By Livestock, By Source- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: AGRI2408 | Pages: 1 - 106 | Formats*: |
| Category : Agriculture | |||
Canada Feed Additives Market Introduction and Overview
According to SPER Market Research, the Canada Feed Additives Market is estimated to reach USD 1.43 Billion by 2033 with a CAGR of 4.5%.
The report includes an in-depth analysis of the Canada Feed Additives Market, including market size and trends, product mix, applications, and supplier analysis. Feed additives are compounds that are added to animal feed in small amounts to improve its performance and quality, but they are not the principal ingredients. They are employed to maximise feed efficiency, enhance animal health and growth, and increase the nutritional value of feed. Feed additives might be manufactured or natural substances that are strictly controlled to guarantee their efficacy and safety.
- October 2022: Through their collaboration with BASF, Evonik was granted non-exclusive licencing rights to OpteinicsTM, a digital solution that enhances comprehension and lessens the environmental effect of the feed and animal protein industries.
- In June 2022: Delacon and Cargill joined together to launch a global company focused on plant-based phytogenic feed additives for improved animal nutrition. The collaboration has aided in expanding worldwide footprint and providing in-depth knowledge of feed additives.
- April 2022: Elanco and Royal DSM have formed a strategic alliance for Bovaer, a cutting-edge cattle feed ingredient that lowers methane emissions.
Market Opportunities and Challenges
The fast industrialization of meat products and the expansion of international trade have a big impact on this region's feed additive business. Feed additives play a major role in the Canadian market in addressing the health concerns associated with the animal disease outbreak. Furthermore, a respectable growth rate is anticipated in the Canadian feed additive industry due to the industrialization of meat products. Strict regulations and a little market, however, do limit the market's potential expansion. Leading companies' product line expansion is giving Canadian feed additive industry participants a lot of opportunities. A Growing Interest in Precision Livestock Farming: Using cutting-edge technology and data analytics, precision livestock farming maximises animal welfare and productivity. Feed additives, which offer specialised nutrition and health solutions, can be extremely important in precision livestock production. Furthermore, sustained research and development expenditures may result in the creation of novel feed additives with enhanced safety and efficacy profiles. Manufacturers might take advantage of such an opportunity to launch innovative items into the market.
However, strict regulatory mechanisms are in place to ensure the safety and quality of feed additives sold in Canada. Manufacturers face difficulties in complying with these laws, which could increase production costs. Furthermore, changes in the market price of raw materials such as vitamins, minerals, and amino acids might have an impact on the profitability of producers. Even with feed additives' established benefits, farmers still don't fully understand how to use them or reap their benefits. The market's ability to widely accept and expand feed additives is hampered by this ignorance. Furthermore, because certain chemicals—like antibiotics—may contribute to antibiotic resistance and environmental contamination, environmental concerns about certain compounds have surfaced. The Canadian feed additives industry is made more complex by these worries.
Market Competitive Landscape
There are a number of major companies engaged in the very competitive Canadian feed additives sector. To obtain a competitive edge, these businesses are actively working on new product development, expansion plans, and joint ventures. The major key players in the Canada Feed Additives Market are: Alltech, Inc., Archer Daniels Midland Co., BASF SE, Cargill Inc., DSM Nutritional Products AG, Elanco Animal Health Inc., Evonik Industries AG, IFF (Danisco Animal Nutrition), SHV (Nutreco NV), Solvay S.A., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Form, By Livestock, By Source |
| Regions covered | Alberta, Atlantic Canada, British Columbia, Central Canada, Northern Canada, The Prairies, Others |
| Companies Covered | Alltech, Inc., Archer Daniels Midland Co., BASF SE, Cargill Inc., DSM Nutritional Products AG, Elanco Animal Health Inc., Evonik Industries AG, IFF (Danisco Animal Nutrition), SHV (Nutreco NV), Solvay S.A., Others |
COVID-19 Impact on Canada Feed Additives Market
The feed additives market in Canada saw varying effects because to the Covid-19 epidemic. Although the first lockout measures caused temporary difficulties in feed additive availability due to disruptions in the supply chain and logistics, the overall impact has been largely beneficial. The pandemic brought to light the significance of resilient agricultural systems and food security. The need for feed additives has increased as a result of a greater emphasis on the productivity, health, and welfare of animals.
Key Target Audience:
- Animal Nutritionists and Researchers
- Aquaculture and Fish Farming Industry
- Feed Additive Manufacturers and Suppliers
- Feed Ingredient Suppliers
- Feed Millers and Manufacturers
- Investors and Financial Institutions
- Livestock and Poultry Farmers
- Pet Food Manufacturers
- Regulatory Authorities and Government Agencies
- Veterinary Professionals
- Others
Our in-depth analysis of the Canada Feed Additives Market includes the following segments:
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| By Form: |
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Key Topics Covered in the Report:
- Canada Feed Additives Market Size (FY’2024-FY’2033)
- Overview of Canada Feed Additives Market
- Segmentation of Canada Feed Additives Market By Type (Acidifiers, Amino Acids, Antibiotics, Enzymes, Flavours and Sweeteners, Minerals, Probiotics, Vitamins, Others)
- Segmentation of Canada Feed Additives Market By Form (Dry, Liquid)
- Segmentation of Canada Feed Additives Market By Livestock (Aquatic Animals, Poultry, Ruminants, Swine, Others)
- Segmentation of Canada Feed Additives Market By Source (Natural, Synthetic)
- Statistical Snap of Canada Feed Additives Market
- Expansion Analysis of Canada Feed Additives Market
- Problems and Obstacles in Canada Feed Additives Market
- Competitive Landscape in the Canada Feed Additives Market
- Impact of COVID-19 and Demonetization on Canada Feed Additives Market
- Details on Current Investment in Canada Feed Additives Market
- Competitive Analysis of Canada Feed Additives Market
- Prominent Players in the Canada Feed Additives Market
- SWOT Analysis of Canada Feed Additives Market
- Canada Feed Additives Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Canada Feed Additives Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Canada Feed Additives Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Canada Feed Additives Market
7. Canada Feed Additives Market, By Type (USD Million)
7.1. Canada Feed Additives Market Value Share and Forecast, By Type, 2024-20337.2. Acidifiers7.3. Amino Acids7.4. Antibiotics7.5. Enzymes7.6. Flavours and Sweeteners7.7. Minerals7.8. Probiotics7.9. Vitamins7.10. Others
8. Canada Feed Additives Market, By Form (USD Million)
8.1. Canada Feed Additives Market Value Share and Forecast, By Form, 2024-20338.2. Dry8.3. Liquid
9. Canada Feed Additives Market, By Livestock (USD Million)
9.1. Canada Feed Additives Market Value Share and Forecast, By Livestock, 2024-20339.2. Aquatic Animals9.3. Poultry9.4. Ruminants9.5. Swine9.6. Others
10. Canada Feed Additives Market, By Source (USD Million)
10.1. Canada Feed Additives Market Value Share and Forecast, By Source, 2024-203310.2. Natural10.3. Synthetic
11. Canada Feed Additives Market Forecast, 2020-2033 (USD Million)
11.1. Canada Feed Additives Market Size and Market Share
12. Canada Feed Additives Market, By Type, 2020-2033 (USD Million)
12.1. Canada Feed Additives Market Size and Market Share By Type (2020-2027)12.2. Canada Feed Additives Market Size and Market Share By Type (2028-2033)
13. Canada Feed Additives Market, By Form, 2020-2033 (USD Million)
13.1. Canada Feed Additives Market Size and Market Share By Form (2020-2027)13.2. Canada Feed Additives Market Size and Market Share By Form (2028-2033)
14. Canada Feed Additives Market, By Livestock, 2020-2033 (USD Million)
14.1. Canada Feed Additives Market Size and Market Share By Livestock (2020-2027)14.2. Canada Feed Additives Market Size and Market Share By Livestock (2028-2033)
15. Canada Feed Additives Market, By Source, 2020-2033 (USD Million)
15.1. Canada Feed Additives Market Size and Market Share By Source (2020-2027)15.2. Canada Feed Additives Market Size and Market Share By Source (2028-2033)
16. Canada Feed Additives Market, By Region, 2020-2033 (USD Million)
16.1. Canada Feed Additives Market Size and Market Share By Region (2020-2027)16.2. Canada Feed Additives Market Size and Market Share By Region (2028-2033)16.3. Alberta16.4. Atlantic Canada16.5. British Columbia16.6. Central Canada16.7. Northern Canada16.8. The Prairies16.9. Others
17. Company Profile
17.1. Alltech, Inc.17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Archer Daniels Midland Co.17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. BASF SE17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Cargill Inc.17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. DSM Nutritional Products AG17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Elanco Animal Health Inc.17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Evonik Industries AG17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. IFF (Danisco Animal Nutrition)17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. SHV (Nutreco NV)17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Solvay S.A.17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Canada Feed Additives Market is projected to reach USD 1.43 Billion by 2033, growing at a CAGR of 4.5% during the forecast period.
Canada Feed Additives Market size from 2022. The Market is expected to reach USD 1.43 Billion by 2033, at a CAGR of 4.5% during the forecast period.
Canada Feed Additives Market CAGR of 4.5% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Canada Feed Additives Market size is 1.43 Billion from 2024 to 2033.
Canada Feed Additives Market Segment is covered By Type, By Form, By Livestock, By Source.
The North America is anticipated to have the highest market share in the Canada Feed Additives Market.
The key players in the market include Companies Covered Alltech, Inc., Archer Daniels Midland Co., BASF SE, Cargill Inc., DSM Nutritional Products AG, Elanco Animal Health Inc., Evonik Industries AG, IFF (Danisco Animal Nutrition), SHV (Nutreco NV), Solvay S.A., Others.
Feed additives are compounds that are added to animal feed in small amounts to improve its performance and quality,
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