Colombia Animal Feed Market Report and Forecast 2024-2032

Colombia Animal Feed Market Size

The Colombia animal feed market is projected to grow at a CAGR of 4.10% between 2024 and 2032.

Colombia Animal Feed Market Outlook

• In 2023, the population of Colombia reached 52,085,168, registering a 0.41% increase from 2022.

• In CY 2021, Colombia planted 142,974 hectares of genetically engineered (GE) corn, representing a 31% increase compared to 2020.

• In 2021, the GDP of Colombia grew by 10.2%, which, in turn, contributed to the  animal proteins sector growth.

Colombia Animal Feed Market Growth

Livestock farming is a main agricultural activity in Colombia and is a major contributor to the country’s economy. About 34.4 million hectares in the country are used as pastures, of which 30% is occupied by livestock farming. Colombia has a significant consumption of meat, with poultry as the main source of animal protein (36.8 kg/capita per year) followed by pork (10.6 kg/capita per year) and beef (9.5 kg/capita per year). The increasing demand for high protein in Colombian diets is supporting the consumption of meat and dairy.

The corn production in Colombia is segregated into two categories namely, large-scale, and modern production, which includes medium and large industrial farms, and traditional production, which comprises of small landholdings. The average corn yield of Colombia is approximately 4.0 MT/Ha. According to the Colombian Association of Cereal and Legume Producers (Fenalce), in 2021, 81% of Colombia’s total corn production was from modern production, hybrid seed with an average yield of 5.5 MT/Ha.

Colombia has the presence of 17 agriculture-producing regions, but seven produce nearly 70% of total production. The livestock farming in Colombia is concentrated in the eastern plains – Arauca, Casanare, Meta, and Vichada departments, among others. Furthermore, the increasing population of Colombia is contributing to an increased demand for animal protein, further supporting the market for animal feed in Colombia.

Colombia Animal Feed Industry Segmentation

Colombia 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

Colombia Animal Feed Market Share

Based on raw material, the market is divided into soy and corn. The corn demand is anticipated to increase, supported by the prevalence of government initiatives for improving corn production, favourable climatic conditions, and growing agricultural activities in the region.

Leading Companies in the Colombia Animal Feed Market

The market participants provide specialised assistance and offer high quality feed to meet various requirements. They are incorporating the best methods and procedures to provide optimal results to customers.

• Alltech Inc.

• Cargill, Incorporated

• Nutreco N.V.

• BRF S.A

• ITALCOL S.A

• Contegral SAS

• Others

Key Highlights of the Report