Canada Feed Additives Market Report and Forecast 2024-2032

Canada Feed Additives Market Outlook

The Canada feed additives market size reached approximately USD 0.97 billion in 2023. The market is estimated to grow at a CAGR of 4.4% in the forecast period of 2024-2032, reaching a value of around USD 1.43 billion by 2032.

Key Trends in the Market

Feed additives are products that are added to animal feed to enhance its nutritional value as well as its quality.  These additives are rich in amino acids, vitamins, minerals, enzymes, fatty acids, and probiotics, among others.

• One of the major factors driving the Canada feed additives market growth is the growing usage of natural feed additives such as bacteriocins, prebiotics, organic acids, and phytogenic compounds, among others. These additives align with the growing consumer preference for natural and organic substances in animal feed as they have a lower environmental impact compared to synthetic additives.

• Functional feed additives such as probiotics, enzymes, and antioxidants are also gaining prominence in the Canadian market as they enhance gut health, boost the immune system, and promote muscle growth to improve the overall condition of animals.

• The surge in demand for seafood products such as shrimp is another crucial trend aiding the Canada feed additives market demand. Due to rising consumer awareness regarding the high protein content of seafood, the demand for aquaculture food and consequently aquaculture feed additives are expected to increase.

Canada Feed Additives Market Segmentation

Based on type, the market is divided into amino acids, probiotics, vitamins, acidifiers, enzymes, minerals, antibiotics, and flavours and sweeteners, among others. On the basis of form, the market is bifurcated into dry and liquid. Based on livestock, the market is classified into poultry, ruminants, aquatic animals, and swine, among others.

On the basis of source, the market is categorised into synthetic and natural. The major regional markets of feed additives in Canada are Northern Canada, British Columbia, Alberta, The Prairies, Central Canada, and Atlantic Canada.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Canada feed additives market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• 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

Market Share by Type

Amino acids occupy a significant portion of the Canada feed additives market share as they promote the absorption of nutrients in animals. They also enhance immunity and support overall animal health. Since amino acids are the building blocks of protein, they promote high protein content in meat, further boosting the segment’s growth.

Meanwhile, acidifiers are expected to witness sizeable growth in the forecast period as they can enhance digestion, maintain optimal pH in the intestine, and improve the gut health of animals.

Market Share by Livestock

As per the Canada feed additives market analysis, poultry is expected to be the fastest-growing segment in the coming years, due to the rising demand for eggs, meat, and chicken-based products in the country. This demand has led to a surge in the implementation of high-quality feed additives that can maintain livestock health and optimise the production of poultry products.

Moreover, swine accounts for a substantial market share, owing to increased consumption of pork as well as rising focus on animal welfare.

Competitive Landscape

Evonik Industries AG, founded in 2007 and based in Essen, Germany, is a global leader in speciality chemicals. The company offers its products in the sectors of adhesives and sealants, aerospace, agriculture, cement, ceramics, construction, feed, and 3D printing, among others. Its workforce consists of over 32000 people in over 100 locations across the world.

Cargill, Incorporated, established in 1865, is a food, agricultural, and industrial solutions company, headquartered in Minnesota, the United States. The company is focused on regenerative agriculture through which it aids its farmers in growing food with a low carbon footprint. It offers its products in agriculture, animal nutrition, food and beverage, bio-industrial, and pharmaceutical sectors, among others.

BASF SE is a multinational chemical producer, incorporated in 1865 and based in Ludwigshafen, Germany. The company offers a comprehensive range of products such as chemicals, materials, and industrial and agricultural solutions, among others. The company operates in over 80 countries with its customers spread over 190 countries worldwide.

Other Canada feed additives market players include 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, and Alltech Inc., among others.

Key Highlights of the Report