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

The South America Compound Feed Market is segmented By Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Others), by Ingredients (Cereal, Cakes & Meals, By-Products, And Supplements). The supplement segment is further segmented into Vitamins, Amino Acids, Enzymes, Acidifiers, Probiotics And Prebiotics, and Other Supplements in countries such as Brazil, Argentina, and Rest of South America.

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South America Compound Feeds Market Size

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South America Compound Feed Market Growth
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.80 %

Major Players

South America Compound Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of South America Compound Feed Market with other markets in Animal Nutrition & Wellness Industry

Compound Feed

Feed Additives

Pet Care

Animal Farm Services

South America Compound Feeds Market Analysis

The South America Compound Feed Market is projected to grow at a CAGR of 4.8% during the forecast period (2020-2025). The growing demand for meat is the major driving force behind the growth of the compound feed market. Increased awareness regarding quality meat and milk products and industrialization in the livestock industry are two other factors augmenting the growth of the compound feed during the forecast period. Brazil dominates the market as it is one of the leading meat producers across the world and also the country is the leading exporter of beef. For instance, according to the ITC Trade, in 2019 Brazil exported 1,356.639 thousand metric tons of frozen beef which was valued at USD 5,610.7 million with a share of 20.3% of the global export as compared to 18.5% the previous year. This is driving the demand for compound feed production in the country. Some of the major players producing compound feed in the region are Cargill Incorporated, Archer Daniels Midland Company, ICC, CCPA GROUP, Nutreco NV, Alltech Inc, and Kemin Industries, Inc.

South America Compound Feeds Market Trends

This section covers the major market trends shaping the South America Compound Feed Market according to our research experts:

Shift in Consumer Preference Towards Animal Sourced Protein

Changing demographics and lifestyles of the consumers have resulted in preference towards meat, egg, and other animal products. According to the Organisation for Economic Co-operation and Development, Argentina witnessed one of the largest per capita beef consumption levels in the world, in 2019 the consumption was 39.7 kg as compared to 39 Kg in 2016 and also the poultry consumption was 38.2 kg which has remained almost the same for the last few years. On the other hand, poultry consumption is the highest in Brazil with the per capita consumption of 40.3Kg in 2019 as compared to 39.8Kg in 2018. This has led to the intensive production of livestock to meet the consumption demand. According to the Food and Agriculture Organisation, in 2018 the cattle and buffaloes population was 358.6 million as compared to 358.1 million in 2017 and the poultry population in 2016 was 2521.7 million units that increased to 2684.7 million units in 2018. Thus the rising livestock population and the concern about the diet requirements will drive the compound feed production in the region.

South America Compound Feed Market Share

Brazil Dominates the Market

The feed segment in Brazil is the third-largest feed sector in the world. This is mainly attributed to the high production of raw materials in the country coupled with the enhancing consumption of meat within the country. According to the Alltech feed survey, in 2019, the total compound feed production from around 1,580 feed mills situated in Brazil amounted to 70 million metric ton out of which 32.1 million metric ton was for broilers, 17.0 million metric ton for pigs, 7.0 million metric ton for layers, 6.2 million metric ton for dairy cows, 2.6 million metric ton for beef, 2.8 million metric ton for pets, 0.59 million metric ton for Equine and 1.2 million metric ton for aqua. There are

The domestic consumption of feed in Brazil is very high as it is a hub for meat production, globally. According to the ITC Trade, in 2016, beef export amounted to 938.3 thousand metric tons which have raised to 1,356.6 thousand metric tons with a value of USD 5,610.76 million in 2019. China and Hong Kong continued to dominate as the top two destinations for Brazil's beef exports, accounting for 60.8% of total beef shipments in 2019.

South America Compound Feed Market Forecast

South America Compound Feeds Industry Overview

Some of the major players are Cargill Incorporated, Archer Daniels Midland Company, ICC, CCPA GROUP, Nutreco NV, Alltech Inc, and Kemin Industries, Inc. Leading companies focused on acquiring feed mills and small manufacturing for expansion of the business in local as well as foreign markets. Some of the players have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. The leading companies focused on the expansion of the business across regions and setting up a new plant for increasing production capacity as well as a product line. The companies are also increasing production capacities of their existing plants. In March 2020, De Heus has agreed to acquire a Brazilian cattle nutrition company, Cerrado Nutrição Animal that produces a complete range of dairy and beef products having a strong presence in the country, the unit has a manufacturing capacity of 50,000 tonnes/year. This move will strengthen the position of the former.

South America Compound Feeds Market Leaders

  1. Cargill, Incorporated.

  2. Nutreco NV

  3. ICC

  4. Kemin Industries, Inc

  5. CCPA GROUP

*Disclaimer: Major Players sorted in no particular order

Cargill, Incorporated., Nutreco NV, ICC, Kemin Industries, Inc, CCPA GROUP
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South America Compound Feeds Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Animal Type

      1. 5.1.1 Ruminants

      2. 5.1.2 Poultry

      3. 5.1.3 Swine

      4. 5.1.4 Aquaculture

      5. 5.1.5 Other Animal Types

    2. 5.2 Ingredient

      1. 5.2.1 Cereals

      2. 5.2.2 Cakes & Meals

      3. 5.2.3 By-products

      4. 5.2.4 Supplements

        1. 5.2.4.1 Vitamins

        2. 5.2.4.2 Amino Acid

        3. 5.2.4.3 Enzymes

        4. 5.2.4.4 Prebiotics and Probiotics

        5. 5.2.4.5 Acidifiers

        6. 5.2.4.6 Other Supplements

    3. 5.3 Geography

      1. 5.3.1 Brazil

      2. 5.3.2 Argentina

      3. 5.3.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Cargill Inc.

      2. 6.3.2 Alltech Inc.

      3. 6.3.3 Land O Lakes Purina

      4. 6.3.4 Kemin Industries, Inc

      5. 6.3.5 ICC

      6. 6.3.6 CCPA GROUP

      7. 6.3.7 Vitafor Nv

      8. 6.3.8 Nutreco NV

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

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South America Compound Feeds Industry Segmentation

Compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances, or industrial processing, whether or not containing additives. While soybean, corn, barley, wheat, and sorghum are the most commonly used raw materials, vitamins, minerals, and amino acids are the most common additives blended to form compound feed.

Animal Type
Ruminants
Poultry
Swine
Aquaculture
Other Animal Types
Ingredient
Cereals
Cakes & Meals
By-products
Supplements
Vitamins
Amino Acid
Enzymes
Prebiotics and Probiotics
Acidifiers
Other Supplements
Geography
Brazil
Argentina
Rest of South America
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South America Compound Feeds Market Research FAQs

The South America Compound Feed Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)

Cargill, Incorporated., Nutreco NV, ICC, Kemin Industries, Inc and CCPA GROUP are the major companies operating in the South America Compound Feed Market.

The report covers the South America Compound Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Compound Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Compound Feed in South America Industry Report

Statistics for the 2024 Compound Feed in South America market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Compound Feed in South America analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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