Latin America is an emerging market for feed vitamin which is estimated to reach 1.25 billion in 2026 from 0.92 billion in 2021 by growing at a high CAGR of 2.88% in the forecast period 2021-2026. Brazil is the largest feed producing country with the highest number of shares. Argentina is attracting feed producers as the government is more focused on beef exports and become a leading country for beef exporting. The Latin American market is viewed as a huge market with lot of untapped potential by key players and they adopt product line expansion strategies to penetrate and increase the foothold of their businesses in the market.
Feed vitamins are food supplements which are given to farm animals as they are unable to get enough vitamins from the daily meals. Different vitamins required for the livestock are: Vitamin A is essential for reproduction, milk production and growth. Vitamin D is essential to consume calcium and phosphorus in the body. Vitamin B usually gets digested in the rumen but monogastric animals require it. Vitamin E is must for hatching of the eggs.
Latin America Feed Vitamin Market Drivers:
Increase in demand of high quality meat generates a pressure on farmers and manufacturers which ultimately fuels the feed market. Other important driving factor in the region is adoption of intensive farming system. The only drawback of animal feed is that the raw materials are expensive and also processing requires investment.
Mainly the feed vitamin market is segmented into type of livestock including swine, ruminants, poultry, aquatic animals and others. They are either single functioned or multi functioned. On the basis of formulation, they are divided into liquid, dry and others (powder, pellet). Poultry is the largest and fastest growing segment due to increase in population and hence increase in the demand of meant and egg.
Key Players:
Key players in the market are S.A.S, Aland BASF SE, CSPC Pharmaceutical Group Ltd., Zhejiand Medicine company Ltd., Pharmative LLC, North China pharmaceutical corporation, Archer Daniels Midland company, Evonik industries and DSM N.V.
1. Introduction
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
2.1 Introduction
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. Overview
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 Vitamin Type
5.1.1 Vitamin A
5.1.2 Vitamin B
5.1.3 Vitamin C
5.1.4 Vitamin D
5.1.5 Vitamin E
5.1.6 Vitamin K
5.2 By Livestock Type
5.2.1 Swine
5.2.2 Ruminants
5.2.3 Poultry
5.2.4 Aquatic Animals
5.2.5 Others
5.3 By Formulation
5.3.1 Liquid
5.3.2 Dry
5.3.3 Others (Powder, Pellet)
5.4 By Function
5.4.1 Single Functioned
5.4.2 Multi Functioned
6. Geographical Analysis
6.1 Introduction
6.2 Brazil
6.3 Mexico
6.4 Argentina
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’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 S.A.S
8.1.1 Overview
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
8.2 Aland BASF SE
8.3 CSPC Pharmaceutical Group Ltd.
8.4 Zhejiand Medicine Company Ltd.
8.5 Pharmative LLC
8.6 North China pharmaceutical Corporation
8.7 Archer Daniels Midland Company
8.8 Evonik industries
8.9 DSM N.V.
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
Appendix
a) List of Tables
b) List of Figures
