How To Something Your North America Pet Probiotics Market

North America pet probiotics market valued USD 692.98 million in 2020 and is estimated to reach USD YY million by 2029, growing at a CAGR of 5.84% during the forecast period. 

North America is one of the key regions of the global pet probiotics market. North America is estimated to account for a share of 22.3% of total dollar sales in 2020.

Animal health is becoming increasingly important as animal husbandry expands, and new products are being developed at a rapid pace, fueling demand for probiotics in North America

The massive and simple availability of raw materials needed to create animal feed is largely responsible for the region's rise in the pet probiotics market. The probiotics market in North America has been profoundly affected by changes in consumer habits and increased knowledge of the health issues associated with farm animals

To speed up research on aquaculture feed alternatives, the National Oceanic and Atmospheric Administration initiated the NOAA-USDA Alternative Feeds Initiative in 2007 in collaboration with the United States Department of Agriculture

The Alternative Feeds Initiative's goal is to find substitute nutritional ingredients that will minimize the amount of fishmeal and fish oil in aquaculture feeds while still preserving farmed seafood's major human health advantages

An estimated 43% of dog owners and 41% of cat owners in the United States purchase high-quality pet meals, according to a recent APPA survey. Brands have altered where high-end products are sold to meet customers where they buy

The US is a key North American market for pet probiotics. Exports of feed ingredients, feed, and pet food have been permitted by the North American Free Trade Agreement (NAFTA) implementation, heavily relying upon the domestic animal food production business

The trade agreement, in conjunction with the growing cattle industry, is propelling the animal feed market. The United States Midwestern, Southern, and Eastern regions, including Iowa, Texas, Nebraska, North Carolina, and Minnesota, have the highest concentration of animals on feed and the highest output of critical feed ingredients

The region's appetite for higher-value and better-quality items, including beef, eggs, and milk, is growing. The rising demand for food items has led to an increase in the use of feed additives, which has boosted the expansion of the pet market's use of probiotic ingredients

The US is the world's top producer and exporter of animal feed and is home to numerous leading animal feed producers

US consumer spending on meat products was 6.4% in 2017, according to the World Economic Forum. Texas has the most beef cows, followed by Oklahoma, Missouri, Nebraska, and South Dakota

The total production of meat climbed from 317.1 million metric tons in 2016 to 330.5 million metric tons in 2018, according to the OECD-FAO Agricultural Outlook for the period 2018-2027

The Pet Food Institute, the North American Renderers Association, and the Institute for Feed Education and Research collaborated on a study that showed pet food is good for the US agriculture economy. There are 519 US FDA-approved pet food manufacturing facilities across the US

More than 8 billion tons of pet food ingredients worth US$6.9 billion were purchased by these facilities, including commodity crops such as whole grains and corn, meat and poultry products, rendering animal proteins, and fishery goods

Growing demand for beef corroborates future industry expansion because probiotics are in high demand and cattle as meat is as well. As an example, the United Nations' World Agriculture report predicts that world beef consumption will climb by 69% between 2030 and 2050

Furthermore, according to the US Department of Agriculture's Economic Research Services, overall beef consumption in the US climbed from 53.9 pounds per capita in 2015 to 57.2 pounds per capita in 2018 and is expected to continue to rise steadily in the following years

As a result, the need for pet probiotics has increased to meet the growing livestock population's probiotics needs, which is predicted to improve overall market sales

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