Canada Animal Feed Market Size, Share, Opportunities, And Trends By Type (Fodder, Forage, Compound Feed), By Livestock (Pork, Aquatic Animals, Cattle, Poultry, Others), By Raw Materials (Soya, Canola, Rendered Meal), And By Production Systems (Integrated, Commercial Mills) - Forecasts From 2024 To 2029

The Canada animal feed market is projected to show steady growth during the forecast period.

Animal feed is a specialized, nutritionally balanced mixture of ingredients composed of a variety of grains, pulses, oilseeds, and forage crops that promote optimal growth, development, and health in animals. It is essential for meeting the nutritional needs of livestock, poultry, aquatic animals, and companion pets. The Canadian animal feed sector follows strict rules and best practices to ensure that feed is free of contaminants and meets the nutritional needs of various species. The increasing number of livestock and canola & soya production in Canada are major driving forces contributing to the animal feed market growth in the country.

Market Drivers

• Increasing livestock in Canada drives Canada’s animal feed market growth.

Animal feed is an essential component of livestock care, designed to meet the nutritional requirements of different animals. The feed contains a well-balanced mixture of grains, forages, protein concentrates, vitamins, minerals, and additives that provide energy, protein, and essential nutrients to livestock, thereby improving their overall health. The favorable climate conditions and abundant water resources in Canada create an ideal environment for raising livestock, which accelerates the Canadian animal feed market growth. For instance, according to the Government of Canada, there were 20,050,600 livestock in Canada in 2023 and 586,550 goats, horses, and bison in 2021. Additionally, according to Statistics Canada, in January 2023, Canadian farmers held 11.3 million cattle and calves on their farms.

• Growing production of canola and soya bolsters Canada’s animal feed market growth.

Canadian agricultural sector witnessed a notable increase in the cultivation and harvest of canola and soya crops. These crops are rich in essential nutrients and protein content and are extensively used in the formulation of animal feed. Canada is the world's largest producer of canola, creating numerous opportunities for animal feed manufacturers, and their high availability and cost-effectiveness have fuelled their utilization in the livestock and poultry sector, thus bolstering the Canadian animal feed market expansion. For instance, according to Statistics Canada, in 2023, soya production increased by 6.7% across the country to 7.0 million tonnes due to increased harvested area, while canola production increased by 18.3 million tonnes.

• Favorable Canadian government investments propelled Canada’s animal feed market growth.

The Canadian government’s support of the agricultural sector led to several initiatives and funding programs that benefited the animal feed sector. These investments focused on research and development, infrastructure improvements, and the promotion of sustainable practices in this sector. The Canadian government has facilitated advancements in animal nutrition, ensuring the availability of high-quality feed products that contribute to livestock health and productivity. For instance, in August 2022, the Minister of Agriculture and Agri-Food announced an investment of up to nearly $3 million to improve animal welfare and tracking in the country in which Animal Health Canada will receive an amount of $2.9 million to update national codes of practice for the livestock sector.

Key Developments

• In January 2023- Danisco Animal Nutrition & Health, an IFF business unit, announced that the Canadian Food Inspection Agency (CFIA) approved Enviva PRO and Syncra SWI. The incorporation of the newly approved feed solutions into poultry and swine diets provides Canadian producers with more consistent animal performance throughout the year.

Company Products

• Integral A+ - Integral A+ offered by Alltech is a nutritional technology proven to improve animal health and performance and its hydrolyzed yeast-based solution helps animals of various species reach their full potential. It was created to provide broad-spectrum protection against highly challenged feedstuffs and stability across a broad pH range. Integral A+ benefits for beef cattle, dairy cows, poultry, and swine.
• NutreBeef Cattle Feeds- NutreBeef cattle feed and minerals provided by Cargill are expertly formulated to meet the animal's specific nutritional needs based on its performance, developmental stage, and production phase. It is available for cows, calves, heifers, steers, feeder heifers, and bulls.
• Hi-Pro Apex Show Lamb Finisher- The Apex Show Lamb Finisher is medicated with decoquinate offered by HI-Pro Feeds and is a high-energy ration that puts the perfect finish on a show lamb. It contains 16% crude protein, which is a sufficient source of crude protein for continued muscle growth while remaining low enough to allow fat deposition to achieve the finish required for the show ring. It also contains yeast culture, which is beneficial to rumen microorganisms, assisting in fiber digestibility and maintaining rumen pH.

Segmentation

• By Type
  • Fodder
  • Forage
  • Compound Feed
• By Livestock
  • Pork
  • Aquatic Animals
  • Cattle
  • Poultry
  • Others
• By Raw Material
  • Soya
  • Canola
  • Rendered Meal
• By Production System
  • Integrated
  • Commercial Mills