Argentina Feed Additives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 750.94 Million |
| Market Size (2029) | USD 939.82 Million |
| CAGR (2024 - 2029) | 4.59 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Argentina Feed Additives Market Analysis
The Argentina Feed Additives Market size is estimated at USD 750.94 million in 2024, and is expected to reach USD 939.82 million by 2029, growing at a CAGR of 4.59% during the forecast period (2024-2029).
Growing meat consumption in the country resulted in the mass production of livestock to cater to the demand is driving the market for feed additives. The rising livestock production and demand for meat from other countries have paved the way for export opportunities. Argentina is one of the leading countries in the South American feed additive market, accounting for 17.4% of the market by value in 2022. Feed additives are one of the ways by which meat and milk production can be increased to meet the rising demand for quality meat. Alltech Inc., ADM Co, Adisseo, Cargill Inc., BASF, and DSM are some key players in the country. In 2017, Phibro Animal Health Corporation acquired Argentina-based Biotay S.A. a leading developer, manufacturer, and marketer of animal health and nutritional products. The acquisition will strengthen Phibro's business.
Argentina Feed Additives Market Trends
Expansion in Animal Production
Increasing meat-based product consumption resulted in a surge in livestock production. According to the Chamber of Industry and Commerce of Meat and Derivatives of the Argentina Republic (CICCRA), in 2017, Argentina recorded one of the largest per capita beef consumption levels in the world, at 55.9 kg per head, and the poultry consumption was 39.9 kg. According to the Food and Agriculture Organisation (FAO), in 2016, the poultry bird population was 116.8 million which increased to 119.3 million in 2018. The ruminant segment is the leading segment in Argentina's feed additives market, accounting for 49.3% of the market share in 2022. Argentina is one of the significant beef exporters in South America due to the low meat production costs, and the use of feed additives is essential to boost productivity and meet the increasing demand for meat and milk. The poultry and swine segments accounted for 30.9% and 14.5% of the Argentine feed additive market, respectively in 2022, due to the increasing population of these animals and the importance of feed additives in their growth and development. To meet the demand, meat and milk producers tend to increase their supply by boosting productivity. Feed additives are one of the ways by which meat and milk production can be increased.
Attractive Export Market for Meat is Driving the Market
The meat production industry is moving towards consolidation to increase meat production with reduced land usage. According to the ITC Trade, in 2019, the poultry meat export was valued at USD 414,624 thousand as compared to USD 237,602 thousand in 2016 and is expected to grow further. China is the major export destination for the Argentina meat market with a share of 50.1%. In 2018, Argentina witnessed a large shipment of its exported meat destroyed by China, due to antibiotics contamination, which will force the country to reduce feed antibiotics, thereby, fuelling the market for feed prebiotics in the country.
Argentina Feed Additives Industry Overview
The Argentina feed additives market is fragmented, with the player competing in the market to gain share in the market. The leading players in the market studied are focused on business expansion, by either investing in new production units or acquiring established small players in the region. Alltech Inc., ADM Co, Adisseo, Cargill Inc., BASF, DSM are some key players in the country.
Argentina Feed Additives Market Leaders
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Cargill Inc.
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Alltech Inc
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DSM
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Adisseo
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BASF SE
*Disclaimer: Major Players sorted in no particular order
Argentina Feed Additives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Additive Type
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5.1.1 Antibiotics
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5.1.2 Vitamins
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5.1.3 Antioxidants
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5.1.4 Amino Acids
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5.1.5 Enzymes
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5.1.6 Mycotoxin Detoxifiers
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5.1.7 Prebiotics
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5.1.8 Probiotics
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5.1.9 Flavors and Sweeteners
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5.1.10 Pigments
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5.1.11 Binders
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5.1.12 Minerals
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5.2 Animal Type
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5.2.1 Ruminants
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5.2.2 Poultry
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5.2.3 Swine
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5.2.4 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Competitor Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Cargill Inc.
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6.3.2 Alltech Inc.
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6.3.3 BASF SE
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6.3.4 Elanco Animal Health
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6.3.5 Danisco Animal Nutrition
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6.3.6 Archer Daniels Midland
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6.3.7 DSM
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6.3.8 NOVOZYMES
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6.3.9 Lallemand Inc
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6.3.10 Adisseo
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6.3.11 Nutreco NV
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Argentina Feed Additives Industry Segmentation
Feed additives are used in animal nutrition to achieve an effect on the feed itself, improve the performance and health of animals, and enhance the nutritional value of animal products.
Argentina's feed additives market is segmented by additive type (antibiotics, vitamins, antioxidants, amino acids, enzymes, mycotoxin detoxifiers, prebiotics, probiotics, flavors and sweeteners, pigments, binders, and minerals) and animal type (ruminants, swine, poultry, and other animal types). The report offers market estimation and forecasts in value (USD million) for all the above segments.
| Additive Type | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Enzymes | |
| Mycotoxin Detoxifiers | |
| Prebiotics | |
| Probiotics | |
| Flavors and Sweeteners | |
| Pigments | |
| Binders | |
| Minerals |
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Others |
Argentina Feed Additives Market Research FAQs
How big is the Argentina Feed Additives Market?
The Argentina Feed Additives Market size is expected to reach USD 750.94 million in 2024 and grow at a CAGR of 4.59% to reach USD 939.82 million by 2029.
What is the current Argentina Feed Additives Market size?
In 2024, the Argentina Feed Additives Market size is expected to reach USD 750.94 million.
Who are the key players in Argentina Feed Additives Market?
Cargill Inc., Alltech Inc, DSM, Adisseo and BASF SE are the major companies operating in the Argentina Feed Additives Market.
What years does this Argentina Feed Additives Market cover, and what was the market size in 2023?
In 2023, the Argentina Feed Additives Market size was estimated at USD 716.47 million. The report covers the Argentina Feed Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Feed Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Feed Preservatives Industry Report
Statistics for the 2024 Argentina Feed Preservatives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Feed Preservatives analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Argentina Feed Preservatives Market Report Snapshots
