Market Outlook
According to the report by Expert Market Research (EMR), the Canada feed additives market size reached a value of USD 0.97 billion in 2023. Aided by the demand for high-quality animal feed and the adoption of innovative feeding solutions, the market is projected to further grow at a CAGR of 4.4% between 2024 and 2032 to reach a value of USD 1.43 billion by 2032.
Feed additives are essential components in animal nutrition, enhancing feed quality and animal health, thereby improving the efficiency of food production. These additives include vitamins, amino acids, enzymes, antioxidants, and antibiotics, each serving specific nutritional or functional needs. In Canada, the increasing awareness among farmers and producers about the benefits of feed additives in promoting animal growth, disease resistance, and feed efficiency is propelling the feed additives market in Canada.
The growth of the market is closely tied to the country’s robust livestock industry, which includes poultry, swine, cattle, and aquaculture. The rising demand for meat, dairy products, and eggs is pushing for advancements in feed additive solutions that can optimise animal health and productivity. Moreover, the shift towards sustainable and ethical farming practices is influencing the market, as there is a growing preference for natural and organic feed additives over synthetic alternatives.
Technological advancements are further influencing the Canada feed additives market outlook. Innovations in biotechnology and nanotechnology are leading to the development of more efficient and targeted feed additive solutions. These advancements are not only enhancing the effectiveness of feed additives but also reducing environmental impact, aligning with global trends towards sustainability in agriculture and food production.
Regulatory frameworks in Canada are also significant in propelling the Canada feed additives market growth. Stringent regulations ensure the safety and efficacy of feed additives, protecting animal health and consumer interests. The approval process for new feed additives is comprehensive, considering their impact on animal welfare, food safety, and the environment. This regulatory environment, while challenging for market entrants, upholds high standards in the industry, fostering trust and reliability in Canadian feed additives.
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Market Segmentation
The market can be divided based on type, form, livestock, source, and region.
Market Breakup by Type
- Amino Acids
- Probiotics
- Vitamins
- Acidifiers
- Enzymes
- Minerals
- Antibiotics
- Flavours and Sweeteners
- Others
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Market Breakup by Form
- Dry
- Liquid
Market Breakup by Livestock
- Poultry
- Ruminants
- Aquatic Animals
- Swine
- Others
Market Breakup by Source
- Synthetic
- Natural
Market Breakup by Region
- Northern Canada
- British Columbia
- Alberta
- The Prairies
- Central Canada
- Atlantic Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Canada feed additives market. Some of the major players explored in the report by Expert Market Research are as follows:
- Evonik Industries AG
- Cargill, Incorporated
- BASF SE
- Archer-Daniels-Midland Co.
- Koninklijke DSM N.V.
- Solvay S.A.
- SHV Holding (Nutreco N.V.)
- Novozymes A/S
- International Flavors & Fragrances Inc.
- Elanco Animal Health Incorporated
- Alltech Inc.
- Others
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