The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The Latin America animal feed market is expected to grow at a CAGR of around 4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Animal feed refers to processed, semi-processed, and raw products that are fed to livestock and poultry. Some of the most common feed types include cereal grains, hay and silage crops, pasture grasses, and other by-products of food crops, such as sugar beet pulp, pineapple bran, brewers' grains, etc. Animal feed offers several nutritional ingredients, mainly comprising of proteins, fibers, minerals, carbohydrates, enzymes, antibiotics, acidifiers, antioxidants, etc. The feed acts as a source of energy for enhancing the growth and development of animals along with improving the quality of various end-products, including eggs, meat, and milk.
In Latin America, the increasing consumption of animal-based products has led to the expansion of the livestock and poultry sectors, which is currently driving the demand for animal feed. In line with this, the changing consumer inclination from a high-calorie, carb-based diet towards protein-rich alternatives, including milk, egg, seafood, and meat, is also propelling the market growth. Additionally, the growing penetration of industrialization trends in the meat sector to cater to the increasing food consumption is further augmenting the demand for animal feed in Latin America. Moreover, numerous government bodies are launching innovative support policies that aid the breeders in using high-quality products to ensure optimum animal health and prevent disease outbreaks. Apart from this, the shifting consumer preferences from conventional livestock and poultry products, which usually contain antibiotics, GMOs, chemical additives, etc., towards organic variants are also fueling the market growth. Furthermore, the growing awareness towards the numerous benefits associated with algae-based animal feed in producing premium quality eggs, milk, and meat, is further bolstering the market growth. In the coming years, the rising incorporation of non-genetically modified organisms (non-GMO) ingredients in animal feed will continue to drive the market in Latin America.
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America animal feed market, along with forecasts at the region level from 2021-2026. Our report has categorized the market based on region, type, livestock, raw material and production system.
Breakup by Type:
Breakup by Livestock:
Breakup by Raw Material:
Breakup by Production System:
Breakup by Country:
The competitive landscape of the industry has also been examined with some of the key players being 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. and Italcol S.A.
|Base Year of the Analysis||2020|
|Units||US$ Million, ‘000 Tons|
|Segment Coverage||Type, Livestock, Raw Material, Production System, Country|
|Countries Covered||Brazil, Mexico, Argentina, Columbia, Chile|
|Companies Covered||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. and Italcol S.A.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at