The Latin America Liquid feed market is expected to be valued at USD 695.78 billion in 2023 and is projected to reach USD 966.78 billion by 2028, growing at a CAGR of 6.8% during the forecast period from 2023 to 2028.
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 livestock. The market for liquid feed emerged as it added value to the overall nutrient intake of animals while helping them grow holistically.
The demand for meat and meat products is increasing in 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 of the hike in market growth in Latin American nations. Also, the continuous increase in livestock population in the last few years has increased the demand for liquid feed products, which is also helping the market growth in the untapped regions of Latin America.
However, the high cost of raw materials is making it difficult for farmers to purchase advanced products. This can affect the growth of the market in this region.
This research report on the Latin America liquid feed market is segmented and sub-segmented into the following categories.
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 in the liquid feed market is urea.
Latin America Liquid Feed Market – By Country:
Geographically Latin American 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 the liquid feed equipment industry is expected to bring positive trends in Brazil and subsequently in South America.
KEY MARKET PLAYERS:
Quality Liquid Feeds and Archer Daniels Midland are the most active companies and have adopted research, investment, and acquisition as the growth strategy. Other major companies in the 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.
Frequently Asked Questions
The Latin American liquid feed market is expected to be valued at USD 695.78 billion in 2023.
The demand for meat and meat products is increasing demand for liquid feed supplements in the ruminant segment is projected to increase the major cause for the hike in market growth in the Latin American nations.
Ruminant is the major consumer segment of the liquid feed market.
Brazil is the largest leading regional market in the Latin America feed market.
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