Argentina Compound Feed Market Size (2024 - 2029)

Argentina Compound Feed Market Analysis

The Argentina Compound Feed Market size is estimated at USD 10.41 billion in 2024, and is expected to reach USD 13.69 billion by 2029, at a CAGR of 5.63% during the forecast period (2024-2029).

• The demand for higher-value and quality foods, such as meat, eggs, and milk, is increasing in the country. This shift is due to the rising demand for greater food variety and protein intake. These changes in consumption patterns, coupled with significant population growth, have led to substantial increases in the total demand for animal products in Argentina. This trend is anticipated to continue in the coming years.
• The compound feed market for beef animals is likely to experience slower growth in the country due to decreased per capita consumption resulting from high prices caused by inflation. According to a United States Department of Agriculture report, the per capita beef consumption in 2024 is estimated at approximately 45 kilos, the lowest in the past 110 years. This declining trend is forecasted to continue due to competition from price-competitive poultry and an anticipated continued expansion of pork and poultry production and consumption. However, beef consumption is likely to rebound in 2025 as a result of expected larger supplies, which would lead to increased consumption and exports. Additionally, stronger purchasing power is anticipated to encourage greater overall consumption.
• As beef prices rise during the economic recession, consumers have shifted towards poultry as a protein source, expanding the consumption of poultry feed. In recent years, chicken prices have increased more slowly than beef, encouraging a switch from beef to chicken in price-sensitive markets. Beyond economic factors, chicken has gained a reputation, particularly among younger consumers and women, as a healthier alternative to beef. This is likley to pushing the consumption of poultry feed in the country as the production is likley to increase with the trend.

Argentina Compound Feed Industry Segmentation

Compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances or industrial processing, whether or not containing additives. While soybean, corn, barley, wheat, and sorghum are the most commonly used raw materials, vitamins, minerals, and amino acids are the most common additives blended to form compound feed. The Argentina Compound Feed Market is Segmented by Animal Type (Ruminants, Poultry, Swine, and Others), and by Ingredients (Cereal, Cakes & Meals, By-Products, and Supplements). The report offers market sizing and forecasts in terms of value (USD) for all the above segments.