Canada Feed Additives Market - Forecasts From 2018 To 2023

In 2022, the Canadian feed additive market is projected to reach US$ 0.596 billion, increasing from US$ 0.503 billion in 2016, growing at a CAGR of 2.89% during this period.

The rise in global trade and rapid industrialisation of meat products do impact the feed additive market growth significantly in this region. Canadian market is largely dependent on feed additive in order to counter the health concern over the disease outbreak among animals. Moreover, with industrialisation of meat product the Canadian feed additive market in expected to grow at a decent rate. However, strict regulatory framework and small size market do restrain the market growth. Product line expansion by leading players is creating significant opportunities for feed additive market players in Canada.

Research Methodology

This section provides an anatomy of the research process followed for calculating market size and forecasts along with a list of the secondary data sources used and the primary inputs which were taken for data validation. It also provides an outline of the various segmentations which have been covered as part of the report. 

Market Dynamics

In this section, the entire market is explained along with various drivers, restraints, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Segmentation

Canada feed additive market has been segmented on the basis of product and livestock as follows

By Product Type

Antibiotic

Enzyme

Vitamin

Amino Acid

Antioxidant

Acidifiers

Minerals

Others

By Livestock

Aquatic Animals

Poultry

Swine

Cattle

Others

Market Players

Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Cargill Incorporated, BASF SE, Novozymes, Nutreco, Chr. Hansen, Evonik Industries, Archer Daniels Midland Company, Alltech Inc. and Elanco Animal Health.