Latin America Liquid feed market has been estimated at USD 610 Million in 2021 and is projected to reach USD 800 Million by 2026, at a CAGR of 6.8% during the forecast period from 2021 to 2026. Liquid feed is a mixture of raw materials and supplements, sourced from either plants or animals and various industries as by-products, and fed to the livestock. The market of liquid feed emerged as it adds value to the overall nutrient intake of animals while helping in holistic growth of animals.
The demand for meat and meat products is increasing in the countries like Brazil, due to which the demand for liquid feed supplements in the ruminant segment is projected to increase. This is seen to be the major cause for the hike in market growth in the Latin American nations. Also, Continuous increase in livestock population in the last few years is also seen to have increased the demand for liquid feed products, which is also helping the market growth in the untapped regions of Latin America. But the high cost of raw materials is making it difficult for the farmers to purchase advanced products. This can affect the growth of the market in this region.
Latin America Liquid Feed Market - By Ingredient Type:
Latin America Liquid Feed Market - By Animal Type:
Ruminant is the major consumer segment of liquid feed followed by poultry feed. The most widely used ingredient is Urea in liquid feed market.
Geographically Latin America market for Liquid feed is segmented into Brazil, Argentina and others. Brazil is the largest market within the region followed by Argentina. The growth in liquid feed equipment industry is expected to bring positive trend in Brazil and subsequently in South America.
Quality Liquid Feeds and Archer Daniels Midland are the most active companies and adopted research, investment and acquisition as the growth strategy. Other major companies in Latin American market include Cargill Inc., Westway Feed Products, Graincro, Liquid Feeds international, Midwest Liquid Feeds, Cattle-Lac Liquid Feed, Agridyne LLC, Ridley Corporation Ltd, Master feeds and Revering (Australia) Pty Ltd.
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