Brazil Compound Feed Market Size (2024 - 2029)

Brazil Compound Feed Market Analysis

The Brazil Compound Feed Market size is estimated at USD 43.90 billion in 2024, and is expected to reach USD 49.5 billion by 2029, growing at a CAGR of 2.40% during the forecast period (2024-2029).

• In South America, Brazil is the major compound feed producer in the region, ranking third among the global feed-producing countries. This was mainly due to the high number of raw materials produced in the country and the size of the country, coupled with the large consumption of meat. According to the AllTech feed survey, in 2022, the total feed production was 81.9 million metric tons which increased from the previous year's production of 81.2 million metric tons in 2021.
• The country is one of the world’s largest poultry exporters. The quality of Brazilian poultry and the efficiency of Brazil’s chicken production has made the country the world’s largest poultry exporter and third largest producer. About a third of all Brazilian chicken produced is exported. For instance, according to the USDA (United States Department of Agriculture) Report, in 2022 the country exported 4,447 thousand metric tons of chicken meat which increased to 4,770 thousand metric tons in 2023. Hence, due to the increased demand for exports and domestic consumption, the consumption of compound feed is anticipated to rise in the coming years.
• Besides, the demand for higher value and quality foods, such as meat, eggs, and milk, is increasing in Brazil compared to plant-originated foods, such as cereals, owing to the rising demand for greater food varieties and protein intake. These changes in consumption, together with sizeable population growth, have led to large increases in the total demand for animal products in the country. Furthermore, this trend is anticipated to continue in the coming years. For instance, according to OECD, domestic per capita demand for swine meat was 16.5 kg in 2020 which increased 17.5 kg in 2022. This shows that the production of swine in the country is projected to increase thereby increasing the consumption of compound feed for swine in the country. The companies are also increasing the production capacities of their existing plants. In 2021, Nutreco NV acquired Bigsal, an animal nutrition company in Brazil, helping the company to grow its presence in Northern Brazil. The Bigs has a complete portfolio of products ranging from farm minerals to complete feed focused on beef and dairy cattle.

Brazil 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 Brazil Compound Feed Market is Segmented by Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Others), 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.