Market Trends of brazil feed additives Industry
Brazil's poultry population is increasing due to high export demand for chicken as 33% of the produced chicken is exported and increasing poultry farming in the country
- Brazil's poultry industry is witnessing a surge in production and exports due to the increasing demand for animal protein globally. As of 2022, Brazil was the world's largest poultry exporter and the third-largest producer. Poultry production increased by 1.8% from 2021 to 2022 due to rising domestic and global demand for poultry products. With the country's increasing population, poultry meat consumption is also growing significantly. In 2022, the consumption of poultry meat in Brazil amounted to around 10.3 million metric tons, an increase from 9.6 million metric tons in 2018.
- Brazil produced around 14.6 million metric tons of chicken in 2021, with approximately one-third of the production exported to over 150 countries worldwide. Most Brazilian chicken exports come from smallholder chicken producers, with China being the main export destination. The global demand for Brazilian poultry products increased, particularly in major export destinations, due to avian influenza's impact in several territories.
- Poultry farming is gaining importance in Brazil as it provides high yields and quick returns on investment and requires less capital and minimal labor. Therefore, poultry production is anticipated to increase significantly during the forecast period (2023-2029).
- Brazil's poultry industry is well-positioned to benefit from the rising global demand for animal protein. Producers are expected to ramp up production to cater to the growing demand for poultry products.
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Fish farming is dominating the aquaculture farming and expansion of aqua farms with more than 200,000 fish farms is leading to high demand for aqua feed in the country
- In 2022, the country accounted for 28.3% of South America's aquaculture feed production, producing 1.4 million metric tons of aquaculture feed, with a 57.5% increase from 2017 to 2022, primarily driven by the rising consumption of seafood.
- The expansion of aquaculture farming in Brazil, which is primarily focused on freshwater, boosted the demand for compound feed. With over 200,000 fish farms and 3,000 shrimp farms, the country's aquaculture industry is projected to grow continuously. Brazil has approximately 100 aquaculture R&D institutions.
- Fish farming dominates aquaculture production in Brazil, accounting for over 80% of the total aquaculture production. In 2020, the country produced 630.2 thousand metric tons of aquaculture species, up from 565.2 million metric tons in 2017. Fish feed production increased significantly in response to the rising demand, reaching 1.3 million metric tons in 2020, a 56.2% increase compared to 2017. Fish feed is mainly used in tilapia and tambaqui farming sectors, which are the major produced fish species in the country.
- Shrimp feed production has also increased dramatically in recent years, with an 84.5% increase from 2018 to 2022, due to increasing shrimp production. Producers are benefiting from high-profit margins and rising export demand. White-leg shrimp species consume the majority of shrimp feed in the country due to their high production rates.
- Despite the increasing demand for compound feed, the market is facing challenges due to unfavorable conditions and high raw material prices. The rising awareness of healthy fish diets and increasing import and export demand are expected to drive the growth of compound feed production in the country.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Cattle and buffalo population is increasing the country because of the growing demand for beef meat and dairy products as well as exporting beef to countries such as China and the United States
- Poultry feed production is increasing in the country because of the government policy reforms and strong demand for meat products which is increasing the poultry population
- Brazil is the 4th largest producer and exporter of swine feed and the feed production is increasing to meet the demand for high-quality pork and increasing the performance of pigs
- The swine population is increasing in the country due to increasing exports of pork by 12.2% from 2020 to 2021 and increasing pork price
- Dairy cattle and beef cattle are witnessing high growth due to high prices of meat which is increasing the demand for feeding the high quality ruminants feed
