Brazil Animal Feed Market Report and Forecast 2024-2032

Brazil Animal Feed Market Size

The Brazil animal feed market is projected to grow at a CAGR of 5.60% between 2024 and 2032.

Brazil Animal Feed Market Outlook

• In 2022, the feed production in Brazil among all species reached 81.8 million tonnes, an increase of 1.3% as compared to 2021.

• In 2022/2023, soybean was the most produced crop in Brazil with around 155m tonnes produced.

• Brazil is the second-largest beef producer and the largest exporter on a global scale, accounting for a fourth of the total beef exports globally.

Brazil Animal Feed Market Growth

Brazil’s agricultural production is growing significantly, aided by rising global demand, strong prices, and technological advances. The demand for Brazilian protein exports is increasing, with the animal feed sector increasing its production and working to meet the growing demand. Brazil is the fifth largest country by consumption of each type of meat per capita. The growing livestock, poultry, and aquaculture sectors in Brazil are leading to the development of niche markets such as animal feed.

Soybean stands out as a key crop in the expansion of the country’s farm sector and the country’s growth as a top global supplier of agricultural products. Soybeans are majorly cultivated in the Center-West region of Brazil, in the states of Mato Grosso and Goiás, where the climate is humid-tropical with the presence of a significant rainy season. In the 2023/2024 market year, the soybean production in Brazil stood at 154,000 tons, in an area of 45,900 Ha.

The Centre West region is also the largest cattle-growing region, accounting for 35% of national production. The five states with the most cattle were Mato Grosso with 1.47 million head, São Paulo with 1.19 million head, Goiás with 1.16 million head, followed by Minas Gerais and Mato Grosso do Sul.

Brazil Animal Feed Industry Segmentation

Brazil Animal Feed Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Fodder and Forage

• Compound Feed 

Market Breakup by Livestock

• Pork

• Aquatic Animal

• Cattle

• Poultry

• Others

Market Breakup by Raw Material

• Soy

• Corn

• Others

Brazil Animal Feed Market Share

Based on raw materials, the market is divided into soy and corn. The market for soy is witnessing growth, supported by the increasing demand from import markets, favourable government regulations, and increasing cultivation.

Leading Companies in the Brazil Animal Feed Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and product launches.

• Alltech Inc

• Archer-Daniels-Midland Company

• Cargill, Incorporated

• Nutreco N.V

• BRF S.A

• Guabi Nutrição e Saúde Animal S.A

• De Heus Voeders BV

• JA Teixeira Veterinária Ltda

• Others

The market participants are engaging in research and development and are making investments to improve their production facilities, further gaining a competitive edge in the market.

Key Highlights of the Report