Latin America Feed Ingredients Market

Latin America Feed Ingredients Market Size, Growth, Trends and Forecast:

Latin America Feed Ingredients Market was worth USD xx billion in 2021 and is projected to grow at a CAGR of xx%, to reach USD xx billion by 2026.

A feed ingredient is a single component or a mixture of different components added to the feed. The ingredients are selected for their nutritional value, non-toxic effects and also based on their cost. The primary nutrients which are essential for animals and will definitely be a part of the feed are proteins, vitamins, minerals. Along with these sources of starch and fiber content are also added.

The ingredients generally include cereals, by products from mills and any other nutritional sources. By products from plants and animals and those which are not suitable for human consumption also find their way into animal feed. Ingredients which make the animals consume more feed or those which make them take food voluntarily are also included in the feed. Micronutrients required for the animals are also being manufactured in recent years.

Drivers and Restraints of Latin America Feed Ingredients Market:

Increasing food safety concerns especially regarding the quality of meat and animal products is the major factor driving the growth of feed ingredients markets. Increasing demand for nutritional feed for animals, rising number of animal infections, thriving trend of nurturing companion animals and requirements of farmers to increase the production as well as rate of production of meat are expected to propel the market. However, stringent regulations on meat and its products by international agencies and lack of awareness among many farmers regarding the feed requirements of the animals are restraining the market growth.

Latin America Feed Ingredients Market Segmentation:

Latin America Feed Ingredients Market – By Ingredient Type:

• Cereals

  • Wheat
  • Corn
  • Barley
  • Sorghum
  • Rye
  • others
• Protein Meal
• Fats and Oils
• Feed additives
• others

Cereals hold the largest market share in this segment. It is because cereals have high protein content, starch content and little amounts of minerals. Corn is dominantly used in animal feed in several countries. However, it also depends upon the availability and cost of that particular cereal in the country. Protein Meals are further categorized into Plant protein sources and Animal Protein Sources.

Latin America Feed Ingredients Market – By Supplement Type:

• Vitamins
• Enzymes
• Antibiotics
• Antioxidants
• Minerals
• Others

The other supplements include sweeteners, acidifiers, amino acids and flavors. Vitamins and minerals are most important supplements required for animals.

Latin America Feed Ingredients Market – By Animal Type:

• Poultry
• Ruminants
• Swine
• Aquaculture
• others

Regional analysis:

On the basis of region, the Latin America Feed Ingredients market is categorized into Brazil, Argentina, Mexico and Rest of South America. Brazil leads the feed ingredients market in this region. It is followed by Mexico. It is due to the huge requirement of animal feed for domestic consumption and it is also one of the largest exporters of animal feed.

Key Players:

Some of the major players in Feed Ingredients market are BASF, Adisseo, Bunge, Cargill, Ingredion Incorporated, DSM, Novus International Inc, Alltech, Archer Daniels Midland Company and Yara.