Market Size of South America Swine Feed Industry
| 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 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 Size Summary
The South America swine feed market is experiencing growth driven by the increasing demand for pork meat, which is becoming more popular due to its affordability and appealing characteristics such as palatability and texture. This rising demand is supported by a growing middle-class population and shifting consumer preferences towards pork. While pork consumption in South America is still lower than in regions like the European Union and China, countries such as Chile, Argentina, and Brazil have seen a notable increase in consumption, thereby boosting the swine feed market. Brazil, in particular, stands out as the leading producer and exporter of live swine in the region, with a focus on high-quality feed to enhance pig meat quality for export purposes.
The market is characterized by a concentration of a few large players who hold a significant portion of the market share. These companies are actively expanding their operations by acquiring feed mills and small manufacturing units to strengthen their presence in both local and export markets. They are also investing in increasing production capacities and expanding product lines to meet the growing demand. Key players in the market include Cargill Inc., Purina Mills Inc. (Land O Lakes), Alltech, Inc., Archer Daniels Midland Company, and Trouw Nutrition (Nutreco NV), all of which are contributing to the market's development through strategic expansions and investments.
South America Swine Feed 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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1.2.1 Increasing Pork demand in the Region
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1.2.2 Innovations in Feed Formulations
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1.2.3 Government Support and Initiatives
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1.3 Market Restraints
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1.3.1 Disease Outbreaks are Limiting the Market
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1.3.2 Volatality in Raw Material Prices
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1.4 Porter's Five Forces Analysis
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2. MARKET SEGMENTATION
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2.1 Ingredient Type
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2.1.1 Cereals
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2.1.2 Cereals by-products
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2.1.3 Oil Seed Meal
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2.1.4 Oils
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2.1.5 Suplements
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2.1.6 Others
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2.2 Supplement Type
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2.2.1 Vitamins
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2.2.2 Amino Acids
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2.2.3 Antibiotics
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2.2.4 Enzymes
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2.2.5 Antioxidants
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2.2.6 Acidifiers
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2.2.7 Probiotics & Prebiotics
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2.2.8 Others
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2.3 Geography
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2.3.1 Brazil
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2.3.2 Argentina
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2.3.3 Rest of South America
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South America Swine Feed Market Size 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.
