The Latin America Feed Additives market is likely to register a compound annual growth rate (CAGR) of 7% during the forecast period of 2020-2027, owing to the factors such as growth in development of animal nutritional and requirement of quality based meat products in some of the emerging economies such as Mexico, Colombo, Peru, Ecuador, Jamaica and some other countries in Latin America.
One of the major driving factors that helps the growth of the Latin America Feed Additives market is the technological advancement in animal nutrition to fulfill the nutrients in livestock production. Rapid urbanization and increasing preference for processed food and growing consumption of poultry and pork as sources of protein are some of the driving factors of Latin America Feed Additives market.
Strict regulations required for approving new products into the market is a growth effecting factor of Latin America Feed Additives market. Sustainability of feed and livestock is also among the critical restraints to the development of the market for feed additives in this locale.
The Latin America Feed Additives market is segmented on the basis of type, on the basis of livestock, on the basis of form, on the basis of source, and on the basis of region.
On the basis of type, the Latin America Feed Additives market is segmented into vitamins, acidifiers, amino acids, phosphates, caretonoids, enzymes, mycotoxin detoxifiers, flavors & sweeteners, antibiotics, minerals, antioxidants, non-protein nitrogen, phytogenics, preservatives and probiotics. Among these, the mineral segment accounted for a prominent share in terms of volume as they are essential for sustaining and enhancing the overall health of the livestock.
On the basis of form, the Latin America Feed Additives market is segmented into powder/dry and liquid.
Based on the source, the regional market is bifurcated mainly into two type, namely natural and synthetic.
On the basis of livestock, the market of Latin America Feed Additives market is bifurcated into ruminants, poultry, swine, aquatic animal and others such as equine and pets.
Latin America region is estimated to progress with a considerable share of the feed additives market because of the increasing focus on animal nutritional and the need for high-quality meat products in some of the local provinces like Mexico, Colombo, Peru, Ecuador, Jamaica and others in Latin America.
Key market players:-
Some of the key players in the Latin America Feed Additives market are Cargill Asia-Pacific Holdings Pte Limited, Lonza Biologics Tuas Pte Ltd, ADM (Shanghai) Management Company, Chr. Hansen (Beijing) Trading Co., Ltd, Evonik (SEA) Pte. Ltd., DuPont Asia-Pacific, Ltd., Novozymes (China) Investment Co., Ltd., BASF Asia-Pacific, DSM Dyneema, Adisseo Asia-Pacific Pte Ltd.
COVID-19 impact on Latin America Feed Additives Market:-
Coronavirus pandemic has affected the business mainly in three ways, directly effecting the production, creating supply chain and market disturbance and by financially. The COVID-19 has impacted different sectors like restaurants, manufacturing units, flights, traveling and so many sectors, resulting in halt of services.
Due to the coronavirus, Latin America Feed Additives market has been facing some problems and recorded financial losses because of the crisis for production units in this industry. As per the analysis, the industry experts are predicting that the market will boost up and likely to return to the normal stage once the vaccine gets released. As we all are aware that in most of the countries, the government have already lifted the lockdown and gave permissions for the manufacturing companies to start their businesses with strict rules and regulations, which will act positively for feed additives market.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods 1.4 General Study Assumptions
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5.1 By Type
5.1.3 Amino Acids
5.1.6 Mycotoxin Detoxifiers
5.1.10 Feed Pigments
5.1.11 Feed Binders
5.1.12 Flavours and Sweeteners
5.1.13 Feed Minerals
5.2 By Livestock
5.2.4 Aquatic animals
6.5 Rest of Latin America
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.1 BASF SE
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Cargill Inc.
8.3 Alltech Inc.
8.4 Novozymes A/S
8.5 Chr. Hansen Holding A/S
8.6 Archer Daniels Midland Company
8.7 Charoen Pokphand Foods Public Company Limited
8.8 Nutreco N.V.
8.9 Evonik Industries AG
8.10 Adisseo France SAS
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures 9.4 New Product Launches
10.1 Market Outlook
10.2 Investment Opportunities
a) List of Tables
b) List of Figures