Latin America Compound Feed Market by Ingredients (Cereals, Cereals by-Product, Oilseed Meal, Oil, Molasses, Supplements and others), by Supplements (Vitamins, Antibiotics, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers and others), by Animal type (Ruminant, Swine, Poultry, Aquaculture and others),and by Region
According to the report Latin America Compound Feed market, published by Market Data Forecast, the Market was worth USD 49.6 billion in 2016 and estimated to be growing at a CAGR of 1.90%, to reach USD 54.5 billion by 2021. Compound feed consists of food products manufactured especially for animals.
The Latin America Compound Feed market is developing at a significant rate due to the increase in the livestock population.
Compound feed is a mixture of raw materials and supplements, sourced from either plants or animals, fed to the livestock orally.
Most commonly used raw materials are soybean, corn, barley; wheat and sorghum. Most common additives to form compound feed are, minerals, amino acids, antibiotics and colorants.
Compound feed has become an essential part of the globally increasing livestock industry and meat production industry. The end consumers of the compound feed are poultry, pig, ruminants, fish.
Browse market data tables and in-depth TOC of the Latin America Compound Feed Industry to 2021 at www.marketdataforecast.com/market-…-feed-market-361/
The growth of the Latin America Compound feed market is majorly driven by factors such as the rise in meat consumption, increase in mass production of meat, and recent livestock disease outbreaks. Different regulatory structures, volatile economies, and increasing cost of operations are the major hindrances for the market in this region.
And, an increase in the cost of raw materials is also a key challenge for the companies in the market.
The Latin America Compound feed market is segmented based on Ingredients, Supplements and Animal type. The market for Compound feed, on the basis of Ingredients, is classified into Cereals, Cereals by-Product, Oilseed Meal, Oil, Molasses, Supplements and others.
On the basis of Supplements, the Latin America Compound feed market is segmented into Vitamins, Antibiotics, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers and others. On the basis of Animal category, the Latin America Compound feed market is segmented into Ruminant, Swine, Poultry, Aquaculture and others.
Poultry, pork, and cattle are the largest consumers of compound feed in this region, accounting for the major share of the overall compound feed market.
Latin America market region includes countries such as Brazil, Argentina, Mexico and remaining countries of South America. The Latin America market is one of the fastest growing markets for Compound feed market.
Brazil accounts for the largest market share and is expected to lead the market during the forecast period. The Latin America region is expected to offer lucrative growth opportunities, owing to the considerable increase in feed production and increasing awareness among the consumers about the quality of meat products and due to the rise in disposable incomes in developing economies, primarily in Brazil.
For example, Aquaculture is a major economic activity in Chile.
Some of the major companies dominating this market in this region are Cargill Inc., Charoen Pokphand Foods, Archer Daniels Midland Company, Land o’ lakes, Inc., Nutreco, ALLTECH, INC, New Hope Group Co. Ltd, Wen’s Group, ForFarmers B.V., Agribusiness Holding Miratorg, Kyodo Shiryo Company, Sodrugestvo Group S.A., DeKalb Feeds, Inc., De Heus B.V, Ballance Agri-Nutrients Ltd., J.D.
Heiskell & CO, Kent Feeds, Weston Milling Animal Nutrition, EWOS GROUP.
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