IMARC Group has published a market research report titled “Latin America Animal Feed Market Report by Type (Fodder, Forage, Compound Feed), Livestock (Swine, Aquatic Animals, Cattle, Poultry, and Others), Raw Material (Soya, Canola, Rendered Meal, and Others), Production System (Integrated, Commercial Mills), and Country 2024-2032” The Latin America animal feed market size is expected to exhibit a growth rate (CAGR) of 3.17% during 2024-2032.
Animal feed comprises green grass, hay, straw, silage, seeds, sprouted grains, and cereals with high nutritional value. It also contains rice bran, rice stalks, compressed and pelleted feeds, soybean, canola, cottonseed, and groundnut oil meals or cakes. It is a rich source of carbohydrates, proteins, fats, phosphorus, sulfur, potassium, magnesium, and zinc. It assists in maintaining the proper health of livestock and poultry while increasing the production of milk, meat, and eggs. As it enhances the growth and reproduction of various farm animals and birds, provides them with adequate energy, and improves the distribution of fat and protein in their bodies, the demand for animal feed is rising in Latin America.
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Latin America Animal Feed Market Trends and Drivers:
At present, the increasing consumption of protein-rich diets to reduce the occurrence of chronic diseases represents one of the primary factors supporting the growth of the market in Latin America. Besides this, governing agencies in the region are undertaking initiatives to strengthen organic animal husbandry and prevent pathogenic microorganisms and parasites from degrading the quality of animal products. In addition, the rising demand for milk and animal meat among athletes, gym goers, and fitness enthusiasts to build and repair muscle and gain energy is propelling the growth of the market in the region. Apart from this, the increasing utilization of algae-based animal feed to improve the quality of animal meat, milk, and eggs is bolstering the growth of the market in Latin America.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Fodder
- Forage
- Compound Feed
Breakup by Livestock:
- Swine
- Aquatic Animals
- Cattle
- Poultry
- Others
Breakup by Raw Material:
- Soya
- Canola
- Rendered Meal
- Others
Breakup by Production System:
- Integrated
- Commercial Mills
Breakup by Country:
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Others
Competitive Landscape with Key Player:
- 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.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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