North America Corn and Wheat-Based Feed Market Forecast to 2030 - Regional Analysis - by Product Type [Corn-Based (Corn Gluten Meal, Corn Gluten Feed, and Other Corn-Based Feed) and Wheat-Based (Wheat Gluten, Wheat Bran, and Other Wheat-Based Feed)] and L

North America Corn and Wheat-Based Feed Market Forecast to 2030 - Regional Analysis - by Product Type [Corn-Based (Corn Gluten Meal, Corn Gluten Feed, and Other Corn-Based Feed) and Wheat-Based (Wheat Gluten, Wheat Bran, and Other Wheat-Based Feed)] and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)

The North America corn and wheat-based feed market was valued at US$ 53,211.34 million in 2022 and is expected to reach US$ 76,842.54 million by 2030; it is estimated to register a CAGR of 4.7% from 2022 to 2030.

Rising Preference for Organic Feed Fuel North America Corn and Wheat-Based Feed Market

Animals who consume organic food offer meat that has high nutritional value. Organic milk and meat are rich in nutrients such as enzymes, bioflavonoids, and antioxidants. Hence, health-conscious consumers prefer organic food and organic meat over conventional food as it does not contain pesticides. Due to the growing demand for organic meat and dairy products, livestock farms, the poultry sector, and animal husbandry have focused on purchasing high-quality organic corn and wheat-based feed to supply organic meat to consumers. Conventional feed often contains high amounts of chemicals that hamper meat quality when consumed by animals. Long-term consumption of such meat results in various health disorders. To overcome this issue, manufacturers are investing heavily in corn and wheat-based feed products produced with organic constituents. Also, they are developing organic products that contain no chemical additives. Owing to all these factors, the rising preference for organic feed is expected to become a significant trend in the North America corn and wheat-based feed market during the forecast period.

North America Corn and Wheat-Based Feed Market Overview

The surge in demand for corn and wheat-based feed in North America can be attributed to the rise in livestock production. There were 87.2 million head of cattle and calves on the US farms as of January 1, 2024, according to the Cattle Report published by the US Department of Agriculture's National Agricultural Statistics Service (NASS). North America has seen increased meat consumption, driven by population growth, urbanization, and changing dietary preferences toward protein-rich diets. As a result, the demand for animal feed is rising to sustain the growing number of livestock raised for meat production. Corn and wheat are staple ingredients in animal feed formulations due to their nutritional value and affordability.

The increasing awareness of the advantages of corn in feed is further bolstering the market growth. Corn is a highly digestible carbohydrate for energy. It contains fatty acids for healthy skin and coat, beta-carotene, vitamin E, lutein, natural antioxidants, and high-quality proteins for muscle and tissue growth. Also, corn is a commonly used ingredient in commercial chicken feed because it's a readily available and inexpensive energy source and protein for chickens. Much like pigs, chickens benefit from the high carbohydrate content as it is a good source of protein and provides energy to maintain and grow their body temperature and essential amino acids for the growth and maintenance of muscle tissue. Additionally, the US is one of the top producers of corn in the world. According to United States Department of Agriculture (USDA), the corn production in the country in 2023 accounted for 15.3 billion bushels. Also, in Mexico and Canada there is huge production of corn. Thus, the easy availability of corn in the region and the rising awareness of benefits of using corn-based feed is contributing to the market growth in the region.

North America Corn and Wheat-Based Feed Market Revenue and Forecast to 2030 (US$ Million)

North America Corn and Wheat-Based Feed Market Segmentation

The North America corn and wheat-based feed market is categorized into product type, livestock, and country.

Based on product type, the North America corn and wheat-based feed market is bifurcated corn-based and wheat-based. The corn-based segment held a larger market share in 2022. The corn-based segment is further sub segmented into corn gluten meal, corn gluten feed, and other corn-based feed. The wheat-based segment is further sub segmented into wheat gluten, wheat bran, and other wheat-based feed.

In terms of livestock, the North America corn and wheat-based feed market is categorized into poultry, ruminants, swine, aquaculture, and others. The ruminants segment held the largest market share in 2022.

By country, the North America corn and wheat-based feed market is segmented into the US, Canada, and Mexico. The US dominated the North America corn and wheat-based feed market share in 2022.

Associated British Foods Plc, Jungbunzlauer Suisse AG, Roquette Freres SA, BENEO GmbH, International Nutritionals Ltd, Agrana Beteiligungs AG, Grain St Laurent Inc, and Archer Daniels Midland Company are some of the leading companies operating in the North America corn and wheat-based feed market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America corn and wheat-based feed market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the North America corn and wheat-based feed market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America corn and wheat-based feed market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.