Mexico Compound Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 21.70 Billion |
| Market Size (2029) | USD 24.70 Billion |
| CAGR (2024 - 2029) | 3.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Compound Feed Market Analysis
The Mexico Compound Feed Market size is estimated at USD 21.70 billion in 2024, and is expected to reach USD 24.70 billion by 2029, at a CAGR of 3.5% during the forecast period (2024-2029).
- The compound feed industry in Mexico has been expanding due to rising demand for animal-based products such as meat, dairy, and eggs. The growing livestock sector, along with increasing exports of meat, has fueled the demand for high-quality feed. Mexico is one of the largest producers of animal feed in Latin America. According to USDA, Mexico is the world's fifth largest animal feed producer, in 2023 the country is projected to have produced over 43.0 million metric tons of feed for domestic poultry, swine, cattle, dairy, pet food, and aquaculture production.
- Mexico is recognized worldwide for being a livestock country. It has large territorial areas where the principal activities are rearing cattle, swine, sheep, goat, and poultry farming. Mexico is among the principal beef producers and exporters internationally. According to FAOSTAT, in 2022, Mexico produced 7.9 million metric tons of meat, corresponding to 3.8 million metric tons of chicken, 2.2 million metric tons of beef, and 1.7 million metric tons of pork. Hence, the increased livestock production in Mexico and the subsequent increased demand for compound feed drive the market for quality and cost-effective feed additives.
- The Mexican government supports agricultural productivity, encompassing the livestock and feed sectors, through targeted subsidies and policies. These initiatives aim to enhance market efficiency and competitiveness. For instance, in 2023, in response to ongoing drought challenges, the Government of Jalisco rolled out a cash support program worth 300 million pesos (USD 17.5 million). This aid was directed towards 60,000 small-scale producers of corn, beans, and livestock who were severely affected by the drought. Consequently, such governmental support is poised to fuel the demand for compound feed in the coming years.
Mexico Compound Feed Market Trends
Supplements are a Significant Segment by Product
In Mexico, the compound feed market is significantly driven by supplements, which enhance the nutritional value and efficiency of animal feed. With the rising demand for premium meat and dairy products, Mexican livestock producers face increasing pressure to elevate product quality. Meat consumption in Mexico has increased in recent years, according to the OECD statistics in 2023, Mexico consumed 4,954.4 thousand metric tons of poultry, 2,601.8 thousand metric tons of pork, and 1,613.1 thousand metric tons of beef. Consequently, feed supplements have become vital for ensuring balanced nutrition in animals, resulting in superior meat quality, enhanced milk yields, and healthier eggs.
Supplement like essential vitamins (A, D, E, etc.) and minerals (calcium, phosphorus, zinc, etc.) to compound feed boosts animal growth, bone development, and immune system strength. In Mexico’s growing poultry and dairy industries, the use of these supplements helps maximize production output. Furthermore, amino acid supplements like lysine and methionine are crucial for improving protein synthesis in animals, especially in the swine and poultry sectors, which are major components of Mexico’s livestock industry.
Companies such as Cargill, Kemin Industries Inc., Helm de Mexico, and other multinational companies are focusing on expansion and sales of their supplement products, which is strengthening the market in the country. Kemin Industries Inc., Helm de Mexico, and Archer Daniels Midland Co. are actively investing in the expansion of production facilities. In May 2022, Kemin Industries opened a new 36,000-square-foot office and a distribution center to enhance its Mexico and Central America operations.
Poultry Dominate the Market
The poultry sector’s dominance in the Mexico compound feed market is a key driver for its growth and development. Poultry, particularly broilers (chickens raised for meat) and layers (chickens for egg production), represents the largest segment in Mexico’s livestock industry. Chicken is the most consumed meat in Mexico, largely due to its affordability, accessibility, and versatility. As the demand for chicken grows, poultry producers increase production, thereby driving higher demand for compound feed to support their growing flocks. For instance, according to FAOSTAT, poultry meat production was 3.7 million metric tons in 2022, which increased to 3.8 million metric tons in 2023. This creates a constant need for quality food for poultry, ensuring productivity and health.
Poultry, especially broilers, require energy-dense and protein-rich feed to achieve rapid growth and optimal weight. Compound feed in Mexico is formulated with high concentrations of grains (corn and soy) and supplemented with amino acids, vitamins, and minerals to meet these nutritional needs. Furthermore, broilers, have a relatively short production cycle, typically reaching market weight in 6 to 7 weeks. This fast turnover requires a continuous supply of high-quality compound feed to maintain production efficiency and meet market demand, making poultry a consistent and large consumer of compound feed in Mexico.
Besides, for layers, calcium supplements are critical to ensure strong eggshell production. Specialized compound feeds are used to address these specific requirements, which further stimulates growth in the market.
Mexico Compound Feed Industry Overview
The Mexican compound feed market is moderately consolidated, with major players including Alltech, Cargill, United Animal Health, Land O'Lakes, and Archer Daniels Midland are some of the major players. Collectively these companies are making significant investments to upgrade and expand their production plants in terms of capacity and technology for various products. These investments are being made in terms of mergers and acquisitions of small and regional players, providing technical support to small players, and expanding the research and development capabilities of the respective companies.
Mexico Compound Feed Market Leaders
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United Animal Health
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Archer Daniels Midland Company
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ALLtech inc.
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LAND O’ LAKES INC. (PURINA MILLS)
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Cargill inc.
*Disclaimer: Major Players sorted in no particular order
Mexico Compound Feed Market News
- April 2024: : Nuproxa Mexico signed strategic alliance with Innovad and Herbonis. This collaboration will enhance Nuproxa's Mexican portfolio with products like Panbonis. Panbonis serves as a natural and bioactive source of vitamin D3. As a 100% natural complementary feed, Panbonis offers 1,25(OH)2D3, the active form of vitamin D. This makes it an optimal choice for extending the longevity of layers and enhancing egg quality.
- July 2022: ROSAL has announced plans to establish a new animal feed plant in Mexico. The upcoming facility will feature a Mabrik pelletizing line, equipped with two PVR-270 pelletizers, boasting a production capacity of 60 tons per hour.
Mexico Compound Feed Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope Of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Industrial Livestock and Compound Feed Production
4.2.2 Changing Demographics and Food Habits Among Consumers
4.2.3 Increasing Livestock Exports
4.3 Market Restraints
4.3.1 Challenging Government Regulations
4.3.2 Rising Costs of Raw Materials
4.4 Porters Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Ingredient
5.1.1 Cereals
5.1.2 Cakes & Meals
5.1.3 By-products
5.1.4 Supplements
5.2 Animal Type
5.2.1 Ruminants
5.2.2 Poultry
5.2.3 Swine
5.2.4 Aquaculture
5.2.5 Other Animal Types
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Archer Daniels Midland
6.3.2 DeKalb Feeds
6.3.3 Heiskell & Co.
6.3.4 Kent Feeds
6.3.5 Nutreco
6.3.6 Cargill Inc.
6.3.7 Land O Lakes Purina
6.3.8 Alltech Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mexico Compound Feed Industry Segmentation
Compound feed is a combination of different concentrate feed ingredients in suitable ratios. Frequently used ingredients in compound feed include brans, protein meals/cakes, grains, agro-industrial by-products, minerals, and vitamins. The Mexico Compound Feed Market is segmented By Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Others) and By Ingredients (Cereal, Cakes & Meals, By-Products, and Supplements). The report offers the market sizes and forecasts in value (USD) for all the above segments.
| Ingredient | |
| Cereals | |
| Cakes & Meals | |
| By-products | |
| Supplements |
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Other Animal Types |
Mexico Compound Feed Market Research FAQs
How big is the Mexico Compound Feed Market?
The Mexico Compound Feed Market size is expected to reach USD 21.70 billion in 2024 and grow at a CAGR of 3.5% to reach USD 24.70 billion by 2029.
What is the current Mexico Compound Feed Market size?
In 2024, the Mexico Compound Feed Market size is expected to reach USD 21.70 billion.
Who are the key players in Mexico Compound Feed Market?
United Animal Health, Archer Daniels Midland Company, ALLtech inc., LAND O’ LAKES INC. (PURINA MILLS) and Cargill inc. are the major companies operating in the Mexico Compound Feed Market.
What years does this Mexico Compound Feed Market cover, and what was the market size in 2023?
In 2023, the Mexico Compound Feed Market size was estimated at USD 20.94 billion. The report covers the Mexico Compound Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Compound Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Compound Feed Industry Report
Statistics for the 2024 Mexico Compound Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Compound Feed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Mexico Compound Feed Market Report Snapshots
