South America Swine Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 11.80 Billion |
| Market Size (2029) | USD 14 Billion |
| CAGR (2024 - 2029) | 3.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Swine Feed Market Analysis
The South America Swine Feed Market size is estimated at USD 11.80 billion in 2024, and is expected to reach USD 14 billion by 2029, at a CAGR of 3.5% during the forecast period (2024-2029).
Pork serves as a primary protein source in numerous South American nations, spurring the demand for high-quality swine feed to enhance both productivity and meat quality. Dominating the region, Chile stands out as South America's leading pork consumer. Data from the Office of Agrarian Studies and Policies of Chile (ODEPA), reveals that in 2023, the per capita pork consumption in Chile is around 21.0 kg annually. Also, Brazil's household per capita income saw an 11.5% increase in 2023 from the previous year, hitting a historical peak of R$ 1,848, which is creating the demand for premium pork products.
As swine farming becomes increasingly commercialized, there's a rising appetite for nutritious and well-balanced feed formulations. Data from the Brazilian Institute of Geography and Statistics (IBGE) and COMEX STAT indicate that pork production in 2023 saw a 2.3% uptick from the previous year, climbing from 5.2 million metric tons to 5.3 million metric tons. Furthermore, advancements in feed formulations and livestock nutrition are enhancing feed efficiency, further fueling market expansion. A prime example is the adoption of precision feeding systems, which leverage sensors and artificial intelligence to track pig behavior and feeding habits. Such insights enable optimal feed allocation, significantly curbing feed wastage.
South America Swine Feed Market Trends
Increasing Pork demand in the Region
Brazil stands at the forefront of pork production in South America. Data from the Brazilian Institute of Geography and Statistics (IBGE) and COMEX STAT reveals that in 2023, Brazil's pork exports rose by 9.8% from the previous year, climbing from 1.10 million metric tons to 1.20 million metric tons. The affordability of pork, compared to other meats, significantly boosts its consumption. Moreover, consumers are drawn to its palatability, fat content, and texture. With a burgeoning middle class and evolving consumer preferences, pork demand is on the rise. Consequently, the growing popularity of pork in the region is poised to bolster the swine feed market during the forecast period.
Argentina has a growing pork production industry. Key regions for pork production in Argentina include Cordoba, Buenos Aires, Santa Fe, and San Luis. Data from the Argentinean Ministry of Agriculture, Livestock, and Fisheries indicates that 2022 pork production reached 723,388 metric tons, marking a 3.9% increase from the previous year. This rising appetite for pork is driving the expansion of the country's swine feed market. South American governments are bolstering the swine sector through subsidies and policies aimed at boosting productivity. For example, the Argentine government is channeling investments into the pig industry, viewing it as a value-added opportunity for local corn and soybean producers. Thanks to this governmental support, the pork industry is now adopting advanced measures, such as installing tunnel ventilation systems to combat summer heat.
Brazil has the Largest Market for Swine Feed in the Region
Among the South American countries, Brazil is not only the leading producer but also the leading exporter of live swine. Since pig meat quality is a major criterion in determining export value, Brazilian farmers prefer high-quality feed for growing their pigs. Export value of live swine increased from USD 1,628 in 2022 to USD 4,591 in 2023, as per ITC Trade Map. Rice bran, broken rice, maize, soya beans, cassava, and vegetables are commonly used in pig feed ingredients in the country. Export of swine is a significant part of the economy in the country and thus, investment of swine feed for producing high-quality hog can be expected to increase further during the forecast period.
The demand for pork in Brazil is increasing, leading to a rise in pig slaughter rates. According to the Brazilian Institute of Geography and Statistics (IBGE) and COMEX STAT, 56.8 million pigs were slaughtered in 2023, a 1.5% increase from the previous year's 56.0 million. In response, swine producers have expanded piglet production to meet the growing demand for pork. Additionally, Brazil's pig production costs are lower compared to other countries in the region. The Group for Comparison of Production Costs in Pig Farming (InterPig network) reports that Brazil has the lowest pig production costs among 17 significant producing countries.
South America Swine Feed Industry Overview
The market is concentrated and dominated by a few players with the majority of the market share. The major players operating in the market are Cargill Inc., Evonik Industries AG, Alltech Inc., Archer Daniels Midland Company, and Trouw Nutrition (Nutreco NV). These leading firms are pursuing growth strategies through the acquisition of feed mills and smaller manufacturers, aiming to expand their operations in both domestic and export markets. They are also focusing on regional expansion by establishing new production facilities to increase capacity and diversify product lines. Additionally, these companies are enhancing the production capabilities of their existing plants to meet growing demand.
South America Swine Feed Market Leaders
-
Cargill Inc.
-
Alltech, Inc.
-
Archer Daniels Midland Company
-
Trouw Nutrition (Nutreco NV)
-
Evonik Industries AG
*Disclaimer: Major Players sorted in no particular order
South America Swine Feed Market News
- February 2024: Cargill expanded its operations in Brazil by acquiring the Anhambi Animal Production Plant in Pato Branco. The facility has an annual production capacity of 60,000 metric tons of pelleted feed.
- January 2023: Purina Animal Nutrition introduced two new feed additives: Purina EnduraSow and Purina EnduraPig. These products aim to enhance sow performance and reproductive efficiency, as well as improve piglet respiratory health and immune function during the post-weaning period.
South America Swine Feed Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Pork demand in the Region
4.2.2 Innovations in Feed Formulations
4.2.3 Government Support and Initiatives
4.3 Market Restraints
4.3.1 Disease Outbreaks are Limiting the Market
4.3.2 Volatality in Raw Material Prices
4.4 Porter's Five Forces Analysis
5. MARKET SEGMENTATION
5.1 Ingredient Type
5.1.1 Cereals
5.1.2 Cereals by-products
5.1.3 Oil Seed Meal
5.1.4 Oils
5.1.5 Suplements
5.1.6 Others
5.2 Supplement Type
5.2.1 Vitamins
5.2.2 Amino Acids
5.2.3 Antibiotics
5.2.4 Enzymes
5.2.5 Antioxidants
5.2.6 Acidifiers
5.2.7 Probiotics & Prebiotics
5.2.8 Others
5.3 Geography
5.3.1 Brazil
5.3.2 Argentina
5.3.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Cargill Inc.
6.3.2 BASF SE
6.3.3 Alltech, Inc.
6.3.4 Archer Daniels Midland
6.3.5 Evonik Industries AG
6.3.6 De Hues
6.3.7 DSM-Firmenich AG
6.3.8 Lallemand Animal Nutrition
6.3.9 Trouw Nutrition (Nutreco NV)
6.3.10 Novus International
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Swine Feed Industry Segmentation
Swine feed consists of a nutrient blend derived from plant and animal sources, primarily including soy meal, corn, barley, wheat, and sorghum, supplemented with essential minerals, vitamins, micro-nutrients, and antibiotics.
This report analyzes the South American swine feed market share, segmented by ingredient (cereals, cereal by-products, oilseed meal, oils, molasses, supplements, and others) and supplements (antibiotics, vitamins, antioxidants, amino acids, enzymes, acidifiers, probiotics & prebiotics, and others). The geographical scope covers Brazil, Argentina, and the rest of South America. The report provides market estimations and forecasts in USD value for these segments.
| Ingredient Type | |
| Cereals | |
| Cereals by-products | |
| Oil Seed Meal | |
| Oils | |
| Suplements | |
| Others |
| Supplement Type | |
| Vitamins | |
| Amino Acids | |
| Antibiotics | |
| Enzymes | |
| Antioxidants | |
| Acidifiers | |
| Probiotics & Prebiotics | |
| Others |
| Geography | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Swine Feed Market Research FAQs
How big is the South America Swine Feed Market?
The South America Swine Feed Market size is expected to reach USD 11.80 billion in 2024 and grow at a CAGR of 3.5% to reach USD 14 billion by 2029.
What is the current South America Swine Feed Market size?
In 2024, the South America Swine Feed Market size is expected to reach USD 11.80 billion.
Who are the key players in South America Swine Feed Market?
Cargill Inc., Alltech, Inc., Archer Daniels Midland Company, Trouw Nutrition (Nutreco NV) and Evonik Industries AG are the major companies operating in the South America Swine Feed Market.
What years does this South America Swine Feed Market cover, and what was the market size in 2023?
In 2023, the South America Swine Feed Market size was estimated at USD 11.39 billion. The report covers the South America Swine Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Swine Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Swine Feed Industry Report
Statistics for the 2024 South America Swine Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Swine Feed analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
