According to the latest report by IMARC Group, titled Latin America Animal Feed Market Share: Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026,” the market to grow at a CAGR of around 4% during 2021-2026.

Animal feed is an edible material made with high nutritional products, such as hay, silage, legumes, and sprouted grains, for maintaining the healthy growth of livestock and poultry. It is a rich source of minerals, proteins, fibers, acidifiers, enzymes, antioxidants, antibiotics, and carbohydrates. It is widely used across Latin America to improve life processes and maintain muscular activity among domestic animals, aquatic animals, ruminants, and swine.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Latin America Animal Feed Market Trends:                                                                          

In recent years, the cases of lifestyle-related metabolic diseases, such as obesity, hyperlipidemia, and diabetes mellitus, have increased in animals of the Latin American region. As these diseases can be transmitted to human beings, the increasing consumption of meat and other animal products and the rising awareness of food safety represents one of the key factors driving the market in the region. Apart from this, the growing consumer awareness about genetically modified organisms (GMO) is catalyzing the demand for healthier foods, which, in turn, is significantly influencing the adoption of non-GMO animal feed across the region.

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Latin America Animal Feed Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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.

The report has segmented the market on the basis on country, type, livestock, raw material, production system.

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

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Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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