The Latin America Swine Feed Market was worth USD 0.73 billion in 2021 and estimated to be growing at a CAGR of 3.73%, to reach USD 0.88 billion by 2026. Pork is the culinary name for the meat of the domestic pig. It is one of the most common types of meat consumed worldwide. Swine feed production is expected to register a significant improvement, due to the rise in the global consumption of pork. In order to avoid pathogenic diseases caused due to improper nutrition, the global swine husbandry sector is anticipated to increase the demand for healthy and functional swine feed. To improve the feed production, the swine feed manufacturers are expanding the business by introducing key nutritional elements from corn and soybean into the swine meal.
The increasing demand for swine feed has created a hike in demand for swine feed and swine feed additives. The manufacturers of swine feed and additives are forced to expand their production capacities in order to fill the void between demand and supply. Feed additives are compounds added to premixes, supplements and complete feeds. They are non-nutritive products used in swine diets to improve the health of pigs and enhance the quality of pork. Swine feed additives help to increase the profitability of pork production.
Drivers and Restraints of Latin America Swine Feed Market:
Increasing focus of various governments on feed cost reduction and boosting animal productivity, demand of pork, high population, High return on investment are the driving factors of Latin America Swine feed market. There are some restraints like high investment for swine feed and occurrence of diseases.
Latin America Swine Feed Market – By Type:
Pig Starter feed
Latin America Swine Feed Market – By Additive:
Moreover, the market is also segmented on the basis of the feed essence, like Vitamins, Antioxidants, Antibiotics, Feed acidifiers, Feed enzymes, Amino acids and Others.
On the basis of region, the swine feed market is classified into North America, Latin America, Asia-Pacific, Europe and Middle East and Africa.Latin America market region contains countries such as Brazil, Argentina, Mexico and remaining countries of South America. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the swine feed market. Latin America has a share of 12% of the global commercial greenhouse market. The Latin America market has been increasing with a CAGR of 3.73%.
CHR Hansen Holdings A/S (Denmark), Novus International Inc. (U.S), Lallemand Inc (Canada), BASF (Badishce Anilin und Soda Fabrik) (Germany), Royal DSM N.V. (The Netherlands), ADM (Archer Daniels Midland Company) (U.S), Alltech Inc. (U.S), Charoen Popkhand Foods (Thailand), Cargill Inc. (U.S) and ABF Plc (Associated British Food) (U.K) are some of the important companies in the swine feed market.
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