Canada Animal Nutrition Market: By Animal Type (Poultry, Ruminant, Aquaculture, Swine & Others), By Nutrition (Antioxidants, Eubiotics, Carotenoids, Fiber, Amino acids, Enzymes, Fatty acids, Lipids,  Minerals, Vitamins & Others), By End Users (Veterinarians, Animal Feed Manufacturers, Farms, Zoos & Others), By Country Forecast 2019 - 2030

Canada Animal Nutrition Market size was valued at US$ 429.6 million in 2023 and is projected to grow at 5.2% CAGR from 2024 – 2030. Animal nutrition is the study of dietary needs of animals for growth, reproduction, health, and maintenance of their bodily functions. It focuses on understanding how different nutrients are metabolized by animals, the field covers a wide range of animals, from livestock to pets and wildlife. The key market drivers of  market are rising demand for animal-based products, increasing focus on animal health and wellness, development of newer products by market players, and increase in the adoption of animal feed by livestock farmers for quality meat and other animal products.

For instance, in 2022, Canadian livestock consumed an estimated 29.2 million tonnes of feed (not including forages) and approximately 19.5 million tonnes of that feed was supplied by commercial mills across Canada. However, the restraints of market are price volatility of raw materials such as grains, soybean meal, and fishmeal which are essential components of animal feed and their prices are subject to fluctuations influenced by various factors, including weather conditions, global supply-demand dynamics, and geopolitical tensions.

Moreover, the unpredictability of raw material prices makes long-term planning and budgeting challenging for market players, hindering investment decisions and strategic initiatives. The emerging opportunities of market are the aquaculture industry is expanding rapidly to meet growing global seafood demand there is a growing opportunity to develop specialized nutrition solutions for fish and other aquatic animals, particularly for improving feed efficiency and water quality, technological advancements in precision nutrition like use of data analytics, artificial intelligence, and precision farming techniques to tailor nutrition solutions for individual animals. The key trends of market are shift towards alternative protein sources such as insect-based proteins and algae-based proteins, growing demand for functional ingredients in animal nutrition that support the health and well-being of livestock, such as probiotics, prebiotics, essential oils, and immune-boosting supplements.

Key Developments

• In July 2022, The Nutrition & Health Division of BASF was reinforcing its position as an ingredients partner for the animal nutrition and human nutrition industries by combining strategic and operational responsibility in one global business unit called Nutrition Ingredients.
• In March 2024, Canadian government, through the Minister of Agriculture and Agri-Food, made significant investments to safeguard livestock health, including funding to protect against diseases such as African Swine Fever.