Share on

Latin America Specialty Feed Additives Market By Type Of Feed (Vitamins, Antioxidants, Flavours And Sweeteners, Minerals, Binders, Acidifiers And Others), By Livestock (Aquatic Animals, Poultry, Swine, Ruminants And Others), By Type Of Feed (Liquid Feed And Dry Feed), By Function (Palatability Enhancement, Mycotoxin Management, Ingredient Preservation Digestive Performance Enhancement And Others) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts | 2022 to 2027.

Published: January, 2022
ID: 2839
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Specialty Feed Additives Market Size, Growth, Trends and Forecast:

Latin America Specialty Feed Additives Market was worth USD 1.27 billion in 2021 and estimated to be growing at a CAGR of 5.2%, to reach USD 1.63 billion by 2026.

Specialty Feed Additives facilitate the provision of nutrition to farm animals, which cannot be gained through regular meals. They enhance the digestive system of the animals and are provided in the form of palatable food materials.Specialty feed additives is a vital market to the society as it enhances the quality of meat and other animal products thus adding nutrition to the human life as well. The recent period has seen a significant rise in the importance paid to the specialty feed additives for the livestock.

Drivers and Restraints of Latin America Specialty Feed Additives Market:

The growth of the Latin America Specialty Feed Additives Market is mainly driven by factors such as growing export of livestock and increase in disposable income. However, factors such as lack of awareness and high raw materials cost act as major constraints and are preventing the growth of the market in this region.

The Latin America Specialty Feed Additives Market is segmented and sub-segmented into following categories:

Latin America Specialty Feed Additives Market - By Type of feed:

  • Vitamins

  • Antioxidants
  • Flavors and Sweeteners
  • Minerals
  • Binders
  • Acidifiers
  • others

The Acidifiers segment leads the market on the basis of type of feed and is also projected to witness a higher growth rate during the forecast period.

Latin America Specialty Feed Additives Market - By Livestock:

  • Aquatic animals
  • Poultry
  • Swine
  • Ruminants
  • others

Under this segment, feed additives for the poultry segment are leading the market currently.

Latin America Specialty Feed Additives Market - By Form of feed:

  • Liquid feed
  • Dry feed

The dry feed is further classified as Pellets and Powders. The Liquid Feed additives market is expected to have a higher CAGR among the feed additives based on form of feed.

Latin America Specialty Feed Additives Market - By Function:

  • Palatability enhancement
  • Mycotoxin Management
  • Ingredient Preservation Digestive performance enhancement
  • others

The Market is Geographically divided into:

Latin America:

  • Brazil
  • Mexico
  • Argentina
  • South America

The increased innovation in the agricultural division has increased the demand for Specialty Feed Additives Market. Brazil and Argentina are major markets in this region are are expected to show significant growth in coming years and  Poultry industry has the maximum market share followed by Ruminant market

Key Players:

This market is disjointed with numerous big and developing players operating in the business. The major companies dominating the Specialty Feed Additives Market in this region are Btech (Brazil), Cargill Inc., ADM co. and BASF.

Please wait. . . . Your request is being processed

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: sales@marketdataforecast.com

Click for Request Sample