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.
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