Canada Compound Feed Market - Trends and Forecasts (2017 - 2022)
The compound feed market in Canada is showing a positive trend, due to the growth of the livestock industry and the increase in meat demand. Cattle feed is the largest segment, estimated to grow at a CAGR of 2.3% from 2015 to 2020. Increasing demand for pork and beef, both domestic and export, is expected to drive compound feed consumption in these segments. Aqua feed is estimated to be the fastest-growing segment. It recorded a revenue of USD 10,700 million in 2015 and is expected to grow at a CAGR of 2.3% from 2015 to 2020. The Canadian compound feed market has many global as well as regional players, mainly in the animal feed business, and this market constitutes a minor share in terms of their product portfolio, sales and volume. Livestock has always been an important industry in the Canadian agricultural sector. It shows a positive future outlook, due to rising domestic consumption of meat as well as increasing meat exports. The country's small biofuel industry allows more grain input in livestock production, giving Canada the advantage of lower feed cost. These factors are resulting in an increased demand for compound feed. Food safety concerns in Canada are also high, resulting in increased demand for feed additives in livestock production. Many government agencies, such as the Canadian Food Inspection Agency, are already working to enhance awareness among livestock producers and increase the efficiency of the domestic livestock industry. Key players are focused on new product development and differentiation to strengthen the position in the market. In this report, the Canadian compound feed market is segmented by type of feed and by animal type. Market size and forecast are provided for each of these regions in the report. Major players in the compound feed market are Cargill (U.S.), ADM (U.S.), Nutreco NV (The Netherlands) and Charoen Pokphand (Thailand), among others Key Deliverables in the Study Market analysis for the Canadian compound food market, with region-specific assessments and competition analysis on a global and regional scale. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and key companies that can influence this market on a global and regional scale. An extensively researched competitive landscape section with profiles of major companies, along with their market share. Identification and analysis of the macro and micro factors that affect the Canadian compound food market on a global and regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. Wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights on the major countries/regions where this industry is blooming, and identification of regions that are still untapped.