Canada Compound Feed Market – Trends and Forecasts (2015-2020)
Livestock has always been an important industry in the Canadian agriculture sector and shows a positive future outlook due to increasing meat exports as well as rising domestic consumption in the country. Canada also has the advantage of lower feed cost due to the small biofuel industry which allows more grain input in livestock production. Such factors are promoting livestock growth in the country, and resulting in increased demand for compound feed. Per capita meat consumption in Canada is also supporting the growth of 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.
Cattle feed is the largest segment, estimated to grow at a CAGR of 2.3% from 2015 to 2020. Increasing domestic as well as export demand for pork and beef is expected to drive compound feed consumption in these segments. Aquafeed is estimated to be the fastest growing segment. It recorded revenue of $10,700 million in 2015 and expected to grow at a CAGR of 2.3% during the forecast period (2015-2020).
In this report, Canada 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. Canada Compound Feed market has many global as well as regional players mainly in animal feed business and this market constitutes a minor share in terms of their product portfolio, sales and volume. 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 Canada Compound Feed Market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Canada Compound Feed market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A 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 in which this industry is blooming and to also identify the regions that are still untapped