Market Size of Mexico Feed Additives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.36 Billion |
| Market Size (2029) | USD 1.7 Billion |
| CAGR (2024 - 2029) | 4.58 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Feed Additives Market Analysis
The Mexico Feed Additives Market size is estimated at USD 1.36 billion in 2024, and is expected to reach USD 1.7 billion by 2029, growing at a CAGR of 4.58% during the forecast period (2024-2029).
Food safety has become paramount for governments worldwide, especially in North America. Animals often stand in their waste and are under constant stress, affecting their immune system and making them prone to infections. High awareness, the growing demand for animal nutrition, and the ban on antibiotics in many countries are prompting players in the livestock industry and meat manufacturers to use probiotics. Further, the need for increased disease resistance, feed efficiency, and growth of aquatic organisms brought about the use of probiotics, leading to improved feed additives consumption by feed producers.
Over the last few years, processed meat consumption in the country increased severalfold. In addition to domestic consumption, Mexico is one of the top beef exporters to countries such as the United States, Japan, Canada, and South Korea. Countries importing from Mexico are shifting their preference toward organic meat. Due to this, producers are looking for innovative and efficient solutions resulting in increased demand for feed additives to enhance the meat and milk yield to cater to the need.
Mexico 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.
The Mexican feed additives market is segmented by additive type (antibiotics, vitamins, antioxidants, amino acids, enzymes, mycotoxin detoxifiers, prebiotics, probiotics, flavors and sweeteners, pigments, binders, minerals, and other feed additives) 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.
| By Additive Type | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Enzymes | |
| Mycotoxin Detoxifiers | |
| Prebiotics | |
| Probiotics | |
| Flavors and Sweeteners | |
| Pigments | |
| Binders | |
| Minerals | |
| Other Feed Additives |
| By Animal Type | |
| Ruminants | |
| Swine | |
| Poultry | |
| Other Animal Types |
Mexico Feed Additives Market Size Summary
The Mexico feed additives market is poised for significant growth, driven by increasing demand for animal nutrition and the need for enhanced food safety standards. The livestock industry is increasingly adopting probiotics due to the ban on antibiotics in many regions, which is boosting the consumption of feed additives. The rising processed meat consumption and Mexico's position as a leading beef exporter to countries like the United States and Japan are further propelling the market. As these countries shift towards organic meat, Mexican producers are seeking innovative solutions to improve meat and milk yield, thereby increasing the demand for feed additives. The competition for raw materials between the feed and food industries also underscores the need for cost-effective additives, as the country experiences a surge in livestock production and compound feed consumption.
The poultry sector, a cornerstone of Mexico's animal protein production, is experiencing steady growth, with broiler meat production on the rise due to advancements in genetics and biosecurity. This growth is supported by the increasing demand for poultry meat and eggs, with chicken being a staple in Mexican cuisine. The poultry industry accounts for a significant portion of feed grain consumption, highlighting the critical role of feed additives in enhancing production and health. The market is moderately consolidated, with major players like DSM, Evonik Industries AG, and Elanco Animal Health Inc. expanding their product portfolios to maintain competitiveness. Recent developments, such as DSM's launch of Symphiome, reflect the industry's focus on improving feed efficiency and reducing environmental impact, further driving the demand for feed additives in Mexico.
Mexico Feed Additives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Additive Type
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2.1.1 Antibiotics
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2.1.2 Vitamins
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2.1.3 Antioxidants
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2.1.4 Amino Acids
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2.1.5 Enzymes
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2.1.6 Mycotoxin Detoxifiers
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2.1.7 Prebiotics
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2.1.8 Probiotics
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2.1.9 Flavors and Sweeteners
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2.1.10 Pigments
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2.1.11 Binders
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2.1.12 Minerals
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2.1.13 Other Feed Additives
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2.2 By Animal Type
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2.2.1 Ruminants
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2.2.2 Swine
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2.2.3 Poultry
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2.2.4 Other Animal Types
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Mexico Feed Additives Market Size FAQs
How big is the Mexico Feed Additives Market?
The Mexico Feed Additives Market size is expected to reach USD 1.36 billion in 2024 and grow at a CAGR of 4.58% to reach USD 1.7 billion by 2029.
What is the current Mexico Feed Additives Market size?
In 2024, the Mexico Feed Additives Market size is expected to reach USD 1.36 billion.
