The Latin America Feed Additives Market was worth USD 3.02 billion in 2018 and estimated to be growing at a CAGR of 4.6%, to reach USD 3.79 billion by 2023. The Latin America feed additives market is developing at a significant rate due to the increase in the livestock population for meat consumption as a source of protein.
Feed additives are used in animal nutrition to boost the quality and properties of animal fodder to enhance features such as palatability preservation, overall gut health/digestive performance, and others. They have gained reputation globally, as they further the overall health of the animal, in turn enhancing the quality and quantity of meat produced from them. For example, poultry feed additives are used to enhance the bird’s egg-laying capacity, disease prevention, and feed utilization. The growth of the Latin America Feed Additives market is mainly due to the rise in meat consumption, industrialization of the livestock industry, and the threat of diseases in livestock. Increase in the cost of raw materials for feed additives is a key challenge for the companies in the Latin America market.
The Latin America feed additives market is segmented based on type and livestock. The market for feed additives, on the basis of type, is classified into Antibiotics, Antioxidants, Amino Acids, Enzymes, Vitamins, Mycotoxin Detoxifiers, Prebiotics, Acidifiers, Probiotics, Feed Pigments, Feed Binders, Flavours and Sweeteners, Feed Minerals and each is further classified into subgroups. On the basis of livestock, the Latin America feed additives market is segmented into poultry, cattle, swine, aquatic animals, and others. By livestock, the poultry segment leads the feed additives market in this region. Amino Acids, antibiotics, acidifiers, and vitamins are the major sectors accounting for almost 50% of the entire feed additives market. Feed antioxidant is another high growth segment in this market owing to ramped-up efforts of manufacturers to avoid feed spoilage and wastage.
The Latin America market is one of the fastest growing markets for feed additives market. South America is an emerging market with huge potential and strong growth rates. Brazil accounts for the largest market share in the region with more than 55% of the market and is expected to lead the market during the forecast period. Argentina offers an opportunity to the manufacturers as the administration is fixated on increasing the beef exports of the country.
Some of the major companies dominating this market in this region are BASF SE, Cargill, Inc., Inc., Novozymes A/S,Alltech, Archer Daniels Midland Company,Chr. Hansen Holding A/S, Nutreco N.V., Evonik Industries AG,Charoen Pokphand Foods Public Company Limited, and Adisseo France SAS.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2.1 Introduction
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
5.1.1 Antibiotics
5.1.2 Antioxidants
5.1.3 Amino Acids
5.1.4 Enzymes
5.1.5 Vitamins
5.1.6 Mycotoxin Detoxifiers
5.1.7 Prebiotics
5.1.8 Acidifiers
5.1.9 Probiotics
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
5.2.1 Poultry
5.2.2 Cattle
5.2.3 Swine
5.2.4 Aquatic animals
6.1 Introduction
6.2 Brazil
6.3 Argentina
6.4 Mexico
6.5 Rest of Latin America
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
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
8.1.1 Overview
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
Appendix
a) List of Tables
b) List of Figures
