Latin America Animal Feed Market

Latin America Animal Feed Market Size and Share:

The Latin America animal feed market size reached a volume of 193.18 Million Tons in 2024. Looking forward, the market is expected to reach a volume of 228.7 Million Tons by 2033, exhibiting a CAGR of 1.70% during 2025-2033. Brazil currently dominates the market, holding a significant market share in 2024. The market is boosted by increasing demand for quality protein, meat consumption, and commercial livestock rearing. Growing poultry and aquaculture sectors in nations such as Brazil, Argentina, and Mexico, along with advances in feed formulation technology and growing emphasis on animal productivity and health are also fueling market growth. Government incentives toward sustainable agriculture and availability of large-scale feed makers are further impacting the overall Latin America animal feed market share.

One of the primary factors propelling the Latin American animal feed market is the region's expanding cattle industry. For example, Brazil and Argentina are major players in the global supply chains for animal proteins since they are the world's leading producers and exporters of cattle, chicken, and pork. This intense production level demands a steady and significant supply of good-quality animal feed for consistency, efficiency, and competitiveness. Latin America's extensive agricultural hinterland also feeds the production of feed by way of its essential raw materials like corn and soybean meal. Integrated farming systems in most regions enable producers to control crop and animal operations, promoting feed self-sufficiency and minimizing dependency on imports. Moreover, the presence of cultivable land and good climatic conditions for producing feed crops favors sustained feed production throughout the region. This robust agricultural base facilitates the Latin America animal feed market demand and encourages international feed producers to invest in the region's expanding market.

Growing local demand for products of animal origin, together with high export prospects, is another main force behind the Latin American animal feed market. With changes in diets toward higher protein consumption, especially in urban regions, demand for meat, dairy, and eggs increases further. This fuels growth in the poultry, dairy, aquaculture, and swine sectors, all of which are feed-intensive industries. At the same time, the increasing contribution of the region to international meat exports, particularly Brazil's leadership in poultry and beef, means that livestock producers must comply with high quality standards, which are largely dependent on feed quality and uniformity. To remain competitive in export markets, producers are investing in sophisticated feeding systems, nutritional additives, and feed formulations that enhance animal health, growth rates, and production efficiency. In addition, trade agreements and international market access are stimulating governments and private players to enhance the feed supply chain, upgrade infrastructure, and enhance research in feed technology, underpinning long-term regional growth.

Latin America Animal Feed Market Trends:

Increasing Consumption of Animal Products Propelling Feed Demand

One of the major trends influencing the animal feed market in Latin America is the rising consumption of animal-based goods including meat, milk, and eggs. With continued urbanization and rising disposable income levels in the region, particularly in Brazil, Mexico, and Colombia, people are adding more animal proteins to their diets. For instance, the number of cattle and poultry in Brazil’s livestock sector reached 238,626,442 and 1,577,570,401, respectively, in 2023. Moreover, the value of primary livestock products reached R$ 122.4 Billion in 2023, recording a growth of 5.4% in comparison to the previous year. This dietary change is greatly impacting livestock rearing practices, resulting in higher investment in poultry, dairy, pig, and aquaculture industries. Therefore, quality animal feed demand is on the rise, with producers aiming to realize maximum growth, productivity, and health of livestock to satisfy consumer requirements. In Brazil, for example, the nation's position among the world's major beef and poultry exporters serves to further drive feed intake as producers focus on both domestic and international markets. This regional demand for greater productivity and export suitability has led to the use of more advanced, nutrient-rich, and species-specific feed formulas for the Latin America animal feed market outlook.

Protein-Rich Diets Driving Market Innovation

One of the other important trends in the Latin American animal feed industry is the increasing shift in consumer preference away from traditional high-calorie, high-carbohydrate foods to protein-based alternatives. As awareness about health grows in the region, customers are focusing on eating foods that are nutritionally balanced, resulting in increased consumption of milk, eggs, seafood, and meats. This shift is most evident in middle-income urban consumers, whose diversified diets reflect growing living standards and exposure to international food trends. For instance, the consumption of beef and veal in Argentina reached 34.4 kilograms per capita in 2023, according to the Organization for Economic Co-operation and Development (OECD). This marketplace shift is stimulating animal producers to raise product quality, which in turn drives demand for feed that will deliver increased weight gain, milk production, and egg production. Also, the increasing demand for functional foods and protein-enriched diets is impacting feed manufacturers to introduce formulas that help achieve better animal health, immune system support, and optimal nutrient absorption. This trend is propelling innovation in feed additives and ingredients, further fueling the Latin America animal feed market growth.

Increasing Demand for Organic Feed

Latin American animal feed market is witnessing unprecedented demand for organic and non-GMO feed products, fueled by changing consumer attitudes toward healthier, more natural animal products. For example, according to a report by the IMARC Group, the Brazilian organic food industry was valued at USD 3.7 Billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 16.5% from 2025 to 2033. This is due to increasing consciousness regarding the possible health consequences of traditional feeding methods that are dependent on antibiotics, chemical additives, and genetically modified content. Production of organic feed demands rigorous compliance with certification norms that exclude the application of synthetic pesticide, herbicide, and artificial growth promoter application, leading to high-priced products that justify premium profit margins. The dairy and poultry industries are at the forefront of this change, with consumers who are ready to pay premium for eggs, milk, and meat from organically produced animals. This trend is especially evident in cities where health-oriented consumers enjoy higher disposable incomes and increased sensitivity to farming techniques. The organic feed market is also being supported by export demand, since North American and European markets are fastidious about organic certification of foreign animal imports. To meet this demand, feed makers are setting up separate lines for organic production and obtaining certifications from international organic standard bodies. These Latin America animal feed market trends are set to persist as increasing numbers of livestock producers move toward organic certification to gain premium market prices and satisfy changing consumer needs.

Latin America Animal Feed Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Latin America animal feed market, along with forecasts at the regional and country levels from 2025-2033. The market has been categorized based on type, livestock, raw material, and production system.

Analysis by Type:

• Fodder
• Forage
• Compound Feed

Fodder in the Latin America animal feed industry is mainly composed of crops that are bred specifically to be directly fed to livestock, including alfalfa, corn, and sorghum. Fodder is crucial to dairy and beef production, especially in nations such as Brazil and Argentina, where cattle agriculture on a large scale depends on regular, high-quality fodder for enhanced productivity and overall health of the herd.

Forage is grasses and legumes eaten by grazing animals, either directly from pasture or harvested and stored as hay or silage. Forage plays a vital role in Latin America in extensive cattle and sheep farming systems, particularly rural and semi-arid regions. Its cheapness, sustainability, and compatibility with indigenous farming systems render it a key feed ingredient in all cattle and sheep farming enterprises.

Compound feed is a formulated mix of ingredients like grains, proteins, vitamins, and minerals designed to meet specific nutritional needs. It is widely used in intensive farming systems in Latin America, especially in poultry, swine, and aquaculture. The growing demand for high-yield, commercial livestock production is driving increased use of compound feed across the region.

Analysis by Livestock:

• Swine
• Aquatic Animals
• Cattle
• Poultry
• Others

Poultry leads the market share in 2024. The poultry segment is the most significant livestock segment as per the Latin America animal feed market forecast, fueled by high consumer demand for chicken meat and eggs throughout the region. Poultry management necessitates advanced feed formulations that ensure energy, protein, vitamins, and minerals for maximizing growth rates and feed conversion efficiency. The dominance of the segment is due to a number of factors, such as the relatively quick production cycle of broiler chickens, enabling quick responsiveness to changes in demand. Formulations of chicken and poultry feeds are greatly specialized, with each level requiring different nutritional levels for starter, grower, and finisher stages, providing opportunities for feed companies to create focused lines of products. Increasing market for poultry products from Latin America to North America, Asia, and the Middle East is boosting demand for high-quality feeds that ensure international food safety and quality requirements. Layer hen operations involving egg production need calcium-fortified feeds and accurate balancing in terms of nutrients to ensure continuous egg laying and eggshell quality. The segment is also enjoying technological innovations in feed additives, such as probiotics, prebiotics, and enzymes that enhance gut health and nutrient uptake. Free-range and organic poultry product consumption drives niche markets for specialized non-GMO and organic feeds, which command premium prices and better margins.

Analysis by Raw Material:

• Soya
• Canola
• Rendered Meal
• Others

Soya is a preponderant raw material in the animal feed market in Latin America because of its rich protein content and extensive cultivation, particularly in Brazil and Argentina. It is utilized mostly as poultry, swine, and aquaculture feed, and soya meal is used to enhance fast-growing animals and increase feed efficiency, hence forming an essential element in commercial animal husbandry.

Canola is a more significant raw material for Latin America's animal feed industry due to its well-balanced amino acid profile and reduced saturated fat. Cultivated primarily in the southern parts of countries such as Argentina and parts of Chile, canola meal is a sustainable soya alternative, mainly in dairy and poultry feeds, that enhances animal health and productivity.

Meal rendered from animal by-products like meat and bone is popular in Latin America's animal feed industry because it is rich in protein and minerals. It is widely added to swine, poultry, and pet feeds. Its use advances waste minimization and sustainability targets, complementing the region's circular economy strategy in agriculture.

Analysis by Production System:

• Integrated
• Commercial Mills

Integrated production systems in the Latin American animal feed industry entail vertically integrated operations wherein feed manufacturing, livestock raising, and processing are undertaken under one management. Prevalent in giant poultry and hog operations, this system provides uniform feed quality, cost-effectiveness, and traceability. Nations such as Brazil commonly embrace integration to simplify operations as well as improve overall productivity and profitability.

Commercial mills are independent feed production plants providing a variety of formulated feeds to livestock producers throughout Latin America. Commercial mills serve small- and medium-sized farms that do not have in-house feed capabilities. Commercial mills are located throughout nations such as Mexico, Colombia, and Argentina. Commercial mills assist regional agriculture by providing customizable nutritional solutions, large bulk production, and access to cutting-edge feed technologies.

Analysis by Country:

• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Others

In 2024, Brazil accounted for the largest market share. Brazil maintains the leading position within the Latin American animal feed industry, fueled by its enormous livestock population and advanced agricultural infrastructure. The leadership is a result of a number of competitive factors, such as wide resources of land, favorable climatic conditions for feed crop cultivation, and highly developed transport systems that ensure the effective delivery of feed. Brazil's poultry industry is of major importance, being among the world's leading chicken meat exporters, generating a huge demand for premium poultry feeds. The domestic swine and cattle industries also play a key role in feed utilization, with increasing domestic meat consumption and growing export prospects propelling sustained expansion. Brazilian feed makers have made significant investments in state-of-the-art production plants, research capacity, and quality control systems to comply with international standards and supply both domestic and export markets. Having major multinational feed firms combined with strong local industry leads to a competitive environment that encourages innovation and cost improvement. Support from government policies, such as credit schemes and infrastructure development, has encouraged the growth of both livestock enterprises and feed production capacity. The nation's rank as a leading soybean and corn producer assures access to principal feedstuffs at favorable prices, underwriting profitability of feed operations and livestock producers.

Competitive Landscape:

According to the Latin America animal feed market analysis, the industry has a very competitive market with both large multinational players and powerful regional operators competing on the basis of innovation, quality, and strategic market positioning. The competition is influenced by ongoing technology development, where firms place big bets on research and development to develop differentiated offerings that maximize animal performance as well as respond to changing regulatory and consumer needs. Dominant competitors implement expansion strategies using mergers and acquisitions, strategic alliances, and vertical integration to consolidate their market positions and reap economies of scale. Competitive forces in the industry are shaped by the imperative of ensuring uniform product quality, having stable supply chains, and accommodating evolving consumer tastes for organics and sustainable products. Firms compete on price, and on technical support services, nutrition consulting, and the capacity to offer individualized feed solutions for particular livestock operations. The regulatory environment has an important influence on competition, as firms need to invest in compliance systems and quality assurance programs to ensure food safety and animal welfare criteria. Government policies for the development of the agricultural sector open doors for both local and foreign businesses to increase their activities and market presence across the region.

The report provides a comprehensive analysis of the competitive landscape in the Latin America animal feed market with detailed profiles of all major companies, including:

• Agrosuper S.A.
• BRF S.A.
• Cooperativa Central Aurora Alimentos
• JBS S.A.
• Goncalves Tortola S.A.
• Grupo Pilar S.A.
• Industrias Bachoco S.A.B. de C.V.
• Italcol S.A.

Latest News and Developments:

• July 2025: Cargill announced plans for the acquisition of Brazilian animal nutrition company Mig-Plus, which specializes in complete animal feed products, feed concentrates, and premixes. This acquisition is expected to significantly expand Cargill’s footprint in the Brazilian animal nutrition and feed sector.
• June 2025: Enifer, a biotechnology company based in Finland, established a partnership with Brazilian ethanol manufacturer FS for the production of PEKILO®Pet and PEKILO®Aqua mycoproteins for animal feed and pet food in Brazil using corn ethanol side streams. This partnership marks the first time that PEKILO®Pet and PEKILO®Aqua will be manufactured outside of Europe, representing a major milestone for both companies.
• March 2025: Trouw Nutrition México officially launched the Aguila Project, the company’s new facility for Young Animal Feed (YAF), as well as its latest premix. With an estimated capital expenditure of 1000 Million Mexican pesos, this state-of-the-art, automated plant can manufacture as much as 100,000 Tons every year.
• February 2025: MCargill and BinSentry established a partnership to deliver AI-driven sensor technology to Brazilian produces in order to help them increase the effectiveness and control of their animal feed distribution network and improve the profitability of their operations. As per the agreement, Cargill will be the sole distributor of BinSentry's animal feed inventory control software in Brazil.
• May 2024: The Government of Brazil successfully secured approval from the Government of Mexico to export fish oil and poultry oil for use in animal feed. This agreement comes as a result of successful collaboration between the Ministry of Foreign Affairs and the Ministry of Agriculture and Livestock.

Latin America Animal Feed Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Latin America animal feed market from 2019-2033.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the Latin America animal feed market.
• Porter's Five Forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the animal feed industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.