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Mexico Compound Feed Market Size (2024 - 2029)

The Mexico compound feed market is experiencing growth, driven by the expanding pig, cattle, and poultry sectors. The poultry industry, in particular, plays a significant role in the market's expansion, accounting for a substantial portion of the feed produced. The increasing demand for poultry meat and eggs has led to a notable share of the market size being attributed to this subsector. Animal feed is a critical component in the production processes of both chicken meat and eggs, highlighting its importance in the overall market dynamics.

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Market Size of Mexico Compound Feed Industry

Mexico Compound Feed Market Summary
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

Mexico Compound Feed Market 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 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
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Mexico Compound Feed Market Size Summary

The Mexico compound feed market is experiencing steady growth, driven by the expanding livestock sectors, particularly in pig, cattle, and poultry. Poultry stands out as the most developed subsector, largely due to the high demand for poultry meat and eggs. The increasing per capita consumption of red meat and poultry products, recognized as vital sources of nutrition, has spurred meat production, creating a robust demand for animal feed. This trend is further amplified by globalization and the rising need for animal-sourced foods, offering significant opportunities for manufacturers to leverage compound feed for sustainable livestock production. The market is characterized by substantial investments from major players like Alltech, Cargill, and Purina Animal Nutrition, who are enhancing their production capabilities through technological advancements and strategic acquisitions.

The compound feed industry in Mexico is poised for continued expansion, supported by the country's growing demand for meat and dairy products. The market's growth is underpinned by the increasing production of live chicken and the rising consumption of meat products, as reported by various international organizations. The feed industry plays a crucial role in optimizing livestock production costs, with a significant portion of expenses attributed to feed. Major companies in the sector are focusing on upgrading their facilities and expanding research and development efforts to meet the burgeoning demand. This strategic focus on innovation and capacity enhancement is expected to sustain the market's growth trajectory in the coming years.

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Mexico Compound Feed Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Industrial Livestock and Compound Feed Production

      2. 1.2.2 Changing Demographics and Food Habits Among Consumers

      3. 1.2.3 Increasing Livestock Exports

    3. 1.3 Market Restraints

      1. 1.3.1 Challenging Government Regulations

      2. 1.3.2 Rising Costs of Raw Materials

    4. 1.4 Porters Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Ingredient

      1. 2.1.1 Cereals

      2. 2.1.2 Cakes & Meals

      3. 2.1.3 By-products

      4. 2.1.4 Supplements

    2. 2.2 Animal Type

      1. 2.2.1 Ruminants

      2. 2.2.2 Poultry

      3. 2.2.3 Swine

      4. 2.2.4 Aquaculture

      5. 2.2.5 Other Animal Types

Mexico Compound Feed Market Size FAQs

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.

In 2024, the Mexico Compound Feed Market size is expected to reach USD 21.70 billion.

Mexico Compound Feed Market Report Snapshots

Mexico Compound Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)