Market By Product Type, Species, Application, And Geography | Forecast 2019-2028
Triton Market Research, after conducting a study on North America’s animal nutrition market, has stated that the industry is set to grow at a CAGR of 5.44% in the estimated years 2019-2028.
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The countries analyzed in this market include:
• The United States
• Canada
Canada holds a meager share in North America’s pet food market, since the United States dominates the market in this region. However, despite the odds, the market seems promising for substantial growth in the forecast period. Despite a slow rate of economic recovery, consumers in the country are not shying away from spending lavishly on their pets, buying premium products.
Manufacturers have therefore ensured an abundant supply of products with nutritional benefits, such as those with high-quality protein ingredients and enriched and fortified products. According to Farm Credit Canada, beef production in the country grew by 2.2% in 2017. This indicates favorable growth for the animal nutrition market in the country.
Furthermore, Canada’s dog food market has witnessed rapid growth, with dog owners spending significantly on their pets. Newer developments in dry food products for these canines have outpaced the innovation in wet food. Manufacturers are emphasizing on function-specific offerings, thereby promoting health and wellness. Hence, product innovation in dry dog food has led to substantial market growth, in both value and volume terms.
The growth in the cat food market can be primarily attributed to the high-value growth rate registered by dry cat food. In spite of sluggish economic growth, the cat food category has been relatively unaffected by recession. Active product innovation has led to increased value sales. Moreover, cat owners ensure the best diet for their pets, occasionally pampering them and offering them cat treats & premium cat food. The above-mentioned factors suggest a strong growth for Canada’s animal nutrition market in the coming years.
Founded in 1980, Alltech is a company with animal health as its core business segment. It is an animal health & nutrition company that provides natural solutions, offering products related to feed. The US-based company is headquartered in Nicholasville, Kentucky.
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VIEW REPORT1. NORTH AMERICA ANIMAL NUTRITION MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. PORTER’S FIVE FORCES MODEL
2.2.1. THREAT OF NEW ENTRANTS
2.2.2. THREAT OF SUBSTITUTE PRODUCTS
2.2.3. BARGAINING POWER OF BUYERS
2.2.4. BARGAINING POWER OF SUPPLIERS
2.2.5. COMPETITIVE RIVALRY
2.3. KEY INSIGHTS
2.4. PESTEL ANALYSIS
2.5. MARKET ATTRACTIVENESS INDEX
2.6. MARKET DRIVERS
2.6.1. HIGH DEMAND FOR ANIMAL NUTRITION
2.6.2. INDUSTRIALIZATION OF LIVESTOCK
2.7. MARKET RESTRAINTS
2.7.1. HIGH COST OF ANIMAL NUTRITION INGREDIENTS
2.7.2. COUNTERFEIT PRODUCTS
2.8. MARKET OPPORTUNITIES
2.8.1. INCREASING DISPOSABLE INCOME
2.8.2. SURGING DEMAND FOR MEAT AND ANIMAL-BASED FOOD PRODUCTS
2.9. MARKET CHALLENGES
2.9.1. RISING ENVIRONMENTAL CHALLENGES
3. ANIMAL NUTRITION MARKET OUTLOOK - BY PRODUCT TYPE
3.1. AMINO ACIDS
3.2. VITAMINS
3.3. MINERALS
3.4. ENZYMES
3.5. FISH OILS AND NUTRITION LIPIDS
3.6. EUBIOTICS
3.7. CAROTENOIDS
3.8. OTHER PRODUCT TYPES
4. ANIMAL NUTRITION MARKET OUTLOOK - BY SPECIES
4.1. POULTRY
4.2. SWINE
4.3. RUMINANTS
4.4. PETS
4.5. OTHER SPECIES
5. ANIMAL NUTRITION MARKET OUTLOOK - BY APPLICATION
5.1. ANIMAL FEED MANUFACTURERS
5.2. FARMS
5.3. HOUSEHOLDS
5.4. VETERINARIANS
5.5. OTHER APPLICATION
6. ANIMAL NUTRITION MARKET - NORTH AMERICA
6.1. COUNTRY OUTLOOK
6.1.1. THE UNITED STATES
6.1.2. CANADA
7. COMPANY PROFILES
7.1. NUTRIEN LTD
7.2. KEMIN INDUSTRIES INC
7.3. NOVOZYMES
7.4. BALCHEM INC
7.5. BASF SE
7.6. TATA CHEMICALS LTD
7.7. CARGILL INCORPORATED
7.8. SHV
7.9. CHURCH & DWIGHT CO INC
7.10. DSM
7.11. ELANCO
7.12. ALLTECH
7.13. EVONIK INDUSTRIES AG
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.1.1. OBJECTIVES OF STUDY
8.1.2. SCOPE OF STUDY
8.2. SOURCES OF DATA
8.2.1. PRIMARY DATA SOURCES
8.2.2. SECONDARY DATA SOURCES
8.3. RESEARCH METHODOLOGY
8.3.1. EVALUATION OF PROPOSED MARKET
8.3.2. IDENTIFICATION OF DATA SOURCES
8.3.3. ASSESSMENT OF MARKET DETERMINANTS
8.3.4. DATA COLLECTION
8.3.5. DATA VALIDATION & ANALYSIS
TABLE 1 NORTH AMERICA ANIMAL NUTRITION MARKET 2019-2028 ($ MILLION)
TABLE 2 NORTH AMERICA ANIMAL NUTRITION MARKET BY PRODUCT TYPE 2019-2028 ($ MILLION)
TABLE 3 NORTH AMERICA ANIMAL NUTRITION MARKET BY SPECIES 2019-2028 ($ MILLION)
TABLE 4 NORTH AMERICA ANIMAL NUTRITION MARKET BY APPLICATION 2019-2028 ($ MILLION)
TABLE 5 NORTH AMERICA ANIMAL NUTRITION MARKET BY COUNTRY 2019-2028 ($ MILLION)
FIGURE 1 NORTH AMERICA ANIMAL NUTRITION MARKET 2019-2028 ($ MILLION)
FIGURE 2 NORTH AMERICA ANIMAL NUTRITION MARKET BY AMINO ACIDS 2019-2028 ($ MILLION)
FIGURE 3 NORTH AMERICA ANIMAL NUTRITION MARKET BY VITAMINS 2019-2028 ($ MILLION)
FIGURE 4 NORTH AMERICA ANIMAL NUTRITION MARKET BY MINERALS 2019-2028 ($ MILLION)
FIGURE 5 NORTH AMERICA ANIMAL NUTRITION MARKET BY ENZYMES 2019-2028 ($ MILLION)
FIGURE 6 NORTH AMERICA ANIMAL NUTRITION MARKET BY FISH OILS AND NUTRITION LIPIDS 2019-2028 ($ MILLION)
FIGURE 7 NORTH AMERICA ANIMAL NUTRITION MARKET BY EUBIOTICS 2019-2028 ($ MILLION)
FIGURE 8 NORTH AMERICA ANIMAL NUTRITION MARKET BY CARTENOIDS 2019-2028 ($ MILLION)
FIGURE 9 NORTH AMERICA ANIMAL NUTRITION MARKET BY OTHER PRODUCT TYPES 2019-2028 ($ MILLION)
FIGURE 10 NORTH AMERICA ANIMAL NUTRITION MARKET BY POULTRY 2019-2028 ($ MILLION)
FIGURE 11 NORTH AMERICA ANIMAL NUTRITION MARKET BY SWINE 2019-2028 ($ MILLION)
FIGURE 12 NORTH AMERICA ANIMAL NUTRITION MARKET BY RUMINANTS 2019-2028 ($ MILLION)
FIGURE 13 NORTH AMERICA ANIMAL NUTRITION MARKET BY PETS 2019-2028 ($ MILLION)
FIGURE 14 NORTH AMERICA ANIMAL NUTRITION MARKET BY OTHER SPECIES 2019-2028 ($ MILLION)
FIGURE 15 NORTH AMERICA ANIMAL NUTRITION MARKET BY ANIMAL FEED MANUFACTURERS 2019-2028 ($ MILLION)
FIGURE 16 NORTH AMERICA ANIMAL NUTRITION MARKET BY FARMS 2019-2028 ($ MILLION)
FIGURE 17 NORTH AMERICA ANIMAL NUTRITION MARKET BY HOUSEHOLDS 2019-2028 ($ MILLION)
FIGURE 18 NORTH AMERICA ANIMAL NUTRITION MARKET BY VETERINARIANS 2019-2028 ($ MILLION)
FIGURE 19 NORTH AMERICA ANIMAL NUTRITION MARKET BY OTHER APPLICATION 2019-2028 ($ MILLION)
FIGURE 20 THE UNITED STATES ANIMAL NUTRITION MARKET 2019-2028 ($ MILLION)
FIGURE 21 CANADA ANIMAL NUTRITION MARKET 2019-2028 ($ MILLION)