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South America Compound Feed Market Size (2024 - 2029)

The South America Animal Feed Market is experiencing growth driven by the increasing demand for meat, which significantly influences the market size of compound feed in the region. The rise in awareness about quality meat and milk products, along with the industrialization of the livestock industry, further contributes to this expansion. Brazil plays a pivotal role in the market due to its status as a leading meat producer and exporter, particularly in beef, which boosts the need for compound feed production.

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Market Size of South America Compound Feed Industry

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

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 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 Feed Market Size Summary

The South America animal feed market is experiencing significant growth, driven primarily by the increasing demand for meat and the industrialization of the livestock industry. Brazil stands out as a dominant player in this market due to its status as a leading global meat producer and exporter, particularly in beef. The country's robust feed sector, one of the largest globally, benefits from high domestic consumption and substantial production of raw materials. Major companies such as Cargill Incorporated, Archer Daniels Midland Company, and Nutreco NV are key contributors to the market, focusing on expanding their operations and enhancing production capacities to meet the rising demand for animal products.

Changing consumer demographics and lifestyles in South America have led to a heightened preference for animal-based products, further fueling the growth of the animal feed market. Argentina and Brazil, in particular, have shown high per capita consumption of beef and poultry, necessitating intensive livestock production. The increasing livestock population, coupled with concerns about dietary requirements, is expected to drive further growth in compound feed production. Companies in the region are actively pursuing strategic expansions, including acquisitions and mergers, to strengthen their market presence and increase production capabilities, as evidenced by De Heus's acquisition of Cerrado Nutrição Animal in Brazil.

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South America Compound Feed Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      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 Animal Type

      1. 2.1.1 Ruminants

      2. 2.1.2 Poultry

      3. 2.1.3 Swine

      4. 2.1.4 Aquaculture

      5. 2.1.5 Other Animal Types

    2. 2.2 Ingredient

      1. 2.2.1 Cereals

      2. 2.2.2 Cakes & Meals

      3. 2.2.3 By-products

      4. 2.2.4 Supplements

        1. 2.2.4.1 Vitamins

        2. 2.2.4.2 Amino Acid

        3. 2.2.4.3 Enzymes

        4. 2.2.4.4 Prebiotics and Probiotics

        5. 2.2.4.5 Acidifiers

        6. 2.2.4.6 Other Supplements

    3. 2.3 Geography

      1. 2.3.1 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Rest of South America

South America Compound Feed Market Size 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.

Compound Feed Market in South America Report Snapshots

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