Latin America feed premix market has been estimated at USD 12.83 Billion in 2021 and is projected to reach USD 15.53 Billion by 2026, at a CAGR of 3.9% during the forecast period from 2022 - 2027.
Feed premix is a mixture of nutritional supplements such as vitamins and minerals, that are usually combined with a carrier and ready for mixing with feed. In poultry, it improves egg production in layers and fat in broilers. Manufacturers supply premixes to ensure uniform supply of nutrients to the animals and enhance the quality and productivity of the animal.
Latin America Feed Premix Market Drivers:
The shift in consumption pattern from red meat to white meat especially in developing countries of Latin America is leading to increase in demand for poultry meat. This factor is driving the market for compound feed which will in turn drive the market for feed premixes. But the market is highly constrained by the increasing costs of raw materials and government regulations over the pricing of products.
Latin America Feed Premix Market - By Ingredient Type:
Latin America Feed Premix Market - By Livestock:
In type, Vitamins are the most widely used premix. The demand for feed premixes in poultry industry accounted for the largest share and is projected to be the fastest-growing segment.
The Market is Geographically divided into:
Brazil is the largest market within this area and it is also a major exporter of meat to Unites states. South America, dominated by Brazil and Chile, may witness increase in product consumption owing to rise disposable income coupled with growth of aquaculture industry.
Existing companies such as DSM and Nutreco have been actively involved in acquisition of regional suppliers and ingredient manufacturers in these regions to strengthen their market presence. Key strategies are being employed by major companies in developing markets of Latin America through the expansion of manufacturing plant capacities to meet the growing feed premix demand.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
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. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By ingredient type
5.1.3 Amino acids
5.1.5 Other ingredients
5.2 By livestock
5.2.4 Aquatic animals
5.2.5 Other animals
6. Geographical Analysis
6.5 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porterâ€™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. Market Leaders' Analysis
8.1 Invivo nutrition et santÃ© animales
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
8.3 Koninklijke DSM N.V.
8.4 Nutreco N.V.
8.5 Archer Daniels Midland Company
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
a) List of Tables
b) List of Figures
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