North America Feed Fertilizer Market analysis by fortune business insights (fortunebusinessinsights.com) with source from fortunebusinessinsights.com. Write this artifacts only in 600 words. In start only give source url - https://www.fortunebusinessinsights.com/north-america-feed-fertilizer-market-107666
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The North America feed fertilizer market demonstrated significant growth potential, valued at USD 3.79 billion in 2024 with projections to reach USD 5.01 billion by 2032. This represents a steady compound annual growth rate (CAGR) of 3.58% during the forecast period from 2025 to 2032. Feed fertilizers are critical components of animal nutrition, primarily used to enhance feed quality, improve animal performance, and strengthen digestibility of feed materials for livestock.
The primary driver of market growth is the increasing adoption of cost-effective nutritional supplements for optimal livestock development. Feed-grade fertilizers, including urea, potassium carbonate or sulfate, and mono/di calcium phosphate, have emerged as effective protein sources in cattle diets. These supplements play crucial roles in optimizing digestion, stimulating bone and muscle growth, and enhancing fertility rates in ruminants. Research from the National Library of Medicine demonstrated that slow-release urea supplementation improves beef cattle performance and profitability while reducing environmental impacts.
The growing demand for meat products and fish among North American consumers has prompted animal farm owners to invest heavily in high-quality feed products to maintain optimal animal health. This trend creates substantial demand for essential nutrients like calcium and phosphorus compounds required for animal growth and development.
Natural gas price volatility presents a significant challenge to market growth. Natural gas serves as a primary energy source for producing ammonia and urea—two essential feed fertilizers. Prices surged approximately 7% in 2022, the highest increase since 2008, driven by geopolitical tensions including the Russia-Ukraine conflict and macroeconomic factors. This has increased operational costs for feed fertilizer manufacturers, translating to higher product prices and potentially reducing market accessibility.
The pandemic created substantial supply chain disruptions that negatively impacted market growth. Manufacturing facility closures due to labor shortages and social distancing measures, combined with raw material availability issues, disrupted production. Farmers responded by stockpiling animal feed products, immediately spiking demand for feed ingredients. U.S. feed prices increased by 12% in 2021 compared to 2020, while Canada and Mexico faced significant product shortages due to import dependencies.
Urea dominates the market as the leading feed fertilizer type due to its economic advantages as a nitrogen source. Feed-grade urea improves protein levels in finished feed and boosts animal metabolism at a lower cost than grain-based alternatives. Mono and di calcium phosphate segments also demonstrate strong growth due to their high calcium and phosphorus content, essential for bone tissue formation and reproduction cycle strengthening. Potassium carbonate has emerged as a significant contributor, helping improve animal performance and enhance bone strength.
The United States is the major consumer, valued at USD 2.66 billion in 2024, supported by substantial livestock populations including 91.9 million cattle, 373 million egg-laying chickens, and 72.5 million hogs and pigs. Canada's animal feed consumption increased from 28.8 million tons in 2020 to 28.9 million tons in 2021, with major companies like Canadian Agrium Inc. investing in domestic feed fertilizer development.
Mexico represents the fastest-growing market, driven by increasing cattle and pig populations. The country's cattle population grew from 7 million in 2017 to 8.4 million in 2022, while pig population increased from 17.2 million to 18.92 million. However, severe droughts have impacted grain production and regional pricing.
Major companies including Nutrien Ltd., Archer-Daniels-Midland Company, C.F. Industries Holdings Inc., and EuroChem Group AG are expanding production capabilities. Recent developments include Yara and Enbridge's USD 2.9 billion investment in low-carbon blue ammonia production, and OCP Group's USD 12.3 billion investment in renewable energy-based fertilizer production. These initiatives reflect the industry's commitment to sustainability and meeting growing demand.
The North America feed fertilizer market is positioned for steady growth, driven by livestock population expansion, nutritional awareness, and strategic capacity investments from major manufacturers.