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South America Feed Premix Market Size (2024 - 2029)

The South American feed premix market is experiencing growth driven by the rising demand for high-value animal protein and declining feed conversion rates. The market's expansion is further supported by increased production of compound feed and feed additives, as feed premixes enhance nutritional content. Brazil leads the market due to its significant feed production, fueled by growing meat consumption and production. The market is characterized by a high concentration, with a few international players holding a major share.

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Market Size of South America Feed Premix Industry

South America Feed Premix Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 14.5 Billion
Market Size (2029) USD 17.80 Billion
CAGR (2024 - 2029) 4.20 %
Market Concentration High

Major Players

South America Feed Premix Market Major Players

*Disclaimer: Major Players sorted in no particular order

South America Feed Premix Market Analysis

The South America Feed Premix Market size is estimated at USD 14.5 billion in 2024, and is expected to reach USD 17.80 billion by 2029, at a CAGR of 4.20% during the forecast period (2024-2029).

The South American feed premix market is growing due to increasing demand for high-value animal protein and the need for improved feed conversion rates. Feed premixes enhance the nutritional content of animal feed, making them vital for livestock production. The market's expansion is further supported by increased production of compound feed, as premixes are essential components in enhancing feed nutritional content.

The increasing demand for livestock products is driving supply-side changes focused on improving product yields. Industrial-style production facilities using capital-intensive technologies have enabled efficient meat production in countries like Brazil and Argentina, particularly where land availability is limited. According to the Brazilian Institute of Geography and Statistics, Brazil produced 8.91 million metric tons of beef in 2023, an 11.2% increase from 2022. Brazil holds the position of the world's largest beef exporter, accounting for nearly 30% of global beef exports in 2022, as reported by the Brazilian Beef Exporters Association (ABIEC). As cattle production continues to expand to meet the growing meat demand, the market for feed premix is anticipated to grow during the forecast period.

South American countries are experiencing increased urbanization and rising income levels. These economic changes have influenced dietary preferences, leading to higher per capita consumption of meat and seafood. According to the United States Department of Agriculture, Argentina's chicken meat consumption reached 2.15 million metric tons in 2022, a 1.8 percent increase from the previous year. Growing awareness about protein-rich diets has driven the consumption of animal protein sources. This trend is projected to increase the demand for feed premix through its application in compound feed production.

The South American feed premix market is driven by government initiatives that support animal production and food safety standards. Brazil and Argentina's governments implement policies to strengthen the livestock sector and encourage the adoption of feed premixes. In Brazil, the Ministry of Agriculture, Livestock, and Food Supply (MAPA) oversees the animal feed regulatory framework, including feed premix regulations and enzyme evaluations at federal and state levels. The regulatory process has evolved to delegate certain responsibilities to state authorities for enhanced local oversight.

South America Feed Premix Industry Segmentation

A premix is a value-added solution to livestock feed consisting of a mixture of requisite vitamins, minerals, diluents, and other nutrients. The increasing demand for high-value animal protein and declining feed conversion rates are driving the South America feed premix market. The South America feed premix market is segmented by Type (Antibiotics, Vitamins, Antioxidants, Amino Acids, Minerals, and other Ingredients Type), Animal Type ( Ruminants, Poultry, Swine, Aquaculture, and Other Animal Types). The report offers market size and forecasts in terms of value (USD) and Volume (Metric Tons) for all the above segments.

Type
Antibiotics
Vitamins
Antioxidants
Amino Acids
Minerals
Other Ingredient Types
Animal Type
Ruminants
Poultry
Swine
Aquaculture
Other Animal Types
Geography
Brazil
Argentina
Rest of South America
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South America Feed Premix Market Size Summary

The South American feed premix market is experiencing growth driven by the increasing demand for high-value animal protein and improved feed conversion rates. The market is further propelled by the rising production of compound feed and feed additives, which are essential for enhancing the nutritional content of animal feed. Brazil stands out as the dominant player in the region, largely due to its substantial meat consumption and production. The market is characterized by a high concentration of international players, such as Cargill Incorporated, Nutreco, CCPA Group, ICC, and Kemin Industries, Inc., who hold significant shares. These companies are actively involved in the region, leveraging opportunities to expand their presence and enhance their product offerings.

The demand for high-quality compound feed from the livestock industry, driven by increased industrial production of meat and dairy products, is a key factor boosting the feed premix market. The growing cattle population in the region further fuels this demand. Brazil's position as a major meat exporter, with significant exports to countries like China, Hong Kong, and Egypt, underscores the importance of the feed industry in meeting both local and international market needs. This export-driven growth has led to increased investments by leading players in the region, such as the strategic alliance between MiXscience and Salus Group. The market's concentration is evident with major players like Neovia strengthening their positions through acquisitions, such as the purchase of Biomix in Colombia, enhancing their market presence in South America.

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South America Feed Premix Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Demand for Animal Protein

      2. 1.2.2 Increasing Production of Compound Feed

      3. 1.2.3 Innovations by Major Manufacturers

    3. 1.3 Market Restraints

      1. 1.3.1 Stringent Government Rules

      2. 1.3.2 High Price of Raw Materials

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Antibiotics

      2. 2.1.2 Vitamins

      3. 2.1.3 Antioxidants

      4. 2.1.4 Amino Acids

      5. 2.1.5 Minerals

      6. 2.1.6 Other Ingredient Types

    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

    3. 2.3 Geography

      1. 2.3.1 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Rest of South America

South America Feed Premix Market Size FAQs

The South America Feed Premix Market size is expected to reach USD 14.5 billion in 2024 and grow at a CAGR of 4.20% to reach USD 17.80 billion by 2029.

In 2024, the South America Feed Premix Market size is expected to reach USD 14.5 billion.

South America Feed Premix Market Report Snapshots

South America Feed Premix Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)