Latin America Feed Amino Acids Market was worth USD 2.70 billion in 2021 and estimated to be growing at a CAGR of 5.63%, to reach USD 4.23 billion by 2026.
The Latin America Feed Amino Acids Market continues to rise with the increase in demand of animal derived products. The breeders have been taking more interest in the market and their will to increase profits has led the market to exhibit significant growth in years to come.
Feed amino acids are used as additives in feed for various types of livestock. They have been used to increase the productivity of the livestock, to meet the rising demand for animal products. The nutritional value of Amino Acids act as a precaution against health problems like allergies, fatigue, autism, dermatitis etc.
Drivers and Restraints of Latin America Feed Amino Acids Market:
Further, the rise in the demands for dairy and meat products and increase in feed costs have lifted the growth of Latin America Feed Amino Acids Market size. Other factors driving the Feed Amino Acids market include expansion of animal meat market in Latin America region, Industrialization of livestock industry, changing demographics in South America and outbreak of livestock diseases. Besides these, the market faces some restraints and challenges as well, some of them are availability of alternative protein sources, price volatility of Agri-commodities, competition for raw materials with other industries and Regulatory framework. These few factors have been responsible for holding back the Latin America Feed Amino Acids Market.
Latin America Feed Amino Acids Market – By Livestock:
Latin America Feed Amino Acids Market – By Amino Acids:
Lysine holds the largest market share in the amino acids segmentation and is expected to stay the same in the coming years. Under livestock segmentation, poultry accounts for the highest share in the Latin America Feed Amino Acids Market due to the adoption of intensive farming system more than in any other segment.
Geographically, the Latin America Feed Amino Acids Market is segmented under various regions namely Brazil, Argentina, Mexico and rest of Latin America.
Some of the major players of the Latin America Feed Amino Acids Market include Cheil Jedang, Cargill Inc, Archer Daniels Midland Company, Novus International Inc, Royal Dsm N.V., Adisseo France Sas, Ajinomoto Co. Inc., PHW Group, Kemin Europa, Evonik Industries Ag.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: firstname.lastname@example.org