The Latin America feed amino acids market size is expected to reach USD 3.18 billion in 2024 and reach USD 4.18 billion by 2029, growing at a CAGR of 5.63% from 2023 to 2029.
The Latin American feed amino acids market continues to rise with the increase in demand for 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 livestock and to meet the rising demand for animal products. The nutritional value of Amino Acids acts as a precaution against health problems like allergies, fatigue, autism, dermatitis, etc.
Further, the rise in the demand for dairy and meat products and the increase in feed costs have lifted the growth of the Latin American feed amino acids market size. Other factors driving the feed amino acids market include the expansion of the animal meat market in the Latin America region, Industrialization of the 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 the 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 American feed amino acids market.
This research report on the Latin American feed amino acids market is segmented and sub-segmented into the following categories:
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 systems more than in any other segment.
Latin America Feed Amino Acids Market – By Country:
KEY MARKET PLAYERS:
Some of the major players in 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 $ 1200
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region