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Report Overview
The Latin America animal feed market reached approximately 193.18 Million Tons in 2024. The market is projected to grow at a CAGR of 1.70% between 2025 and 2034, reaching a volume of around 228.65 Million Tons by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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According to the Alltech report, compound feed production witnessed an increase of 1.6 per cent from 2021 to 2022 in Latin America, with Brazil, Chile, and Mexico as the major producers.
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As per the industry reports, Argentina produced around 18.5 million tons of animal feed in 2021, with broiler feed holding the majority share.
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Brazil, the world’s largest producer of soybeans, was projected to produce an astonishing volume of 5,564 million bushels in 2023, creating a flourishing landscape for soy-based feed.
Compound Annual Growth Rate
Value in Million Tons
1.7%
2025-2034
Latin America Animal Feed Market Outlook
*this image is indicative*
Latin America Animal Feed Market Growth
Rising demand for meat and dairy products, advancements in feed production techniques, and growing usage of organic feed are some of the key factors propelling the growth of Latin America animal feed market. The usage of high-yield crop varieties and improved farming techniques have increased the efficiency and affordability of feed production.
Furthermore, with the increasing costs of traditional feed ingredients such as corn and soy, there has been a shift towards alternative options like insect meal, algae, and by-products from the food and biofuel sectors. These substitutes are not only cost-effective but also contribute significantly to the trend of sustainability. The usage of innovative technologies such as precision feeding systems and IoT-enabled smart feeding equipment, is also becoming very common in the market as these advancements aid in enhancing feed utilisation and boosting the growth of the livestock.
Key Trends and Recent Developments
The growing consumption of poultry products, rising fish exports, increased production of broiler feed, and enhanced pet food consumption are accelerating the Latin America animal feed market value.
Growing Poultry Consumption Propelling the Growth of the Latin America Animal Feed Industry
The increasing meat consumption is a key driver for the growth of the poultry farming industry, a major source of animal feed consumption in Latin America. The industry demands high-quality feed for a range of poultry animals including chicken, pigs, cows, sheep, goats, and veils. Moreover, the Food and Agriculture Organisation (FAO) has projected that meat consumption in the region will grow by 12% between 2021 and 2030, which is expected to provide a major boost to the Latin American animal feed market.
Rising Fish Exports Increasing the Overall Latin America Animal Feed Market Revenue
Latin America is majorly a coastal region, known for fish production and exports around the world, resulting in an increased aquafeed demand for its fisheries and aquaculture farming sectors. The feed to be consumed is expected to have high nutritional value, sourced from quality and sustainable ingredients. According to the World Bank, the fish supply in Latin America is expected to reach 21,829,000 tonnes by 2030, immensely benefitting exporters, domestic traders, and the region’s animal feed market.
Increasing Production of Broiler Feed Aiding Market Expansion for Key Players
Broiler feed is a specific animal feed served to broiler chickens in poultry farming businesses. According to Alltech, a pioneer in animal nutrition within the Latin American region, broiler feed production increased by 1.27% between 2021 and 2022, reaching an absolute value of 67.5 million tonnes in the latter year. Moreover, Latin America accounted for 18.5% of the world’s broiler feed production in 2022. These values are expected to grow in the coming years owing to the increased chicken meat consumption, producing new market expansion opportunities for key industry players.
Enhanced Pet Food Production Increasing the Animal Feed Consumption in Latin America
The growing pet culture is leading to an increased supply of pet food in Latin America. According to industry reports, the region witnessed the highest growth in pet food producers among all American countries. Moreover, the production was estimated to grow to 8.863 million metric tonnes in 2022, from 7.434 million metric tonnes in 2021, a 19.22% year-on-year increase. As pet adoption in Latin America grows further, the demand for pet food is expected to rise, thereby fuelling the animal feed market revenue in the region.
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Latin America Animal Feed Industry Segmentation
“Latin America Animal Feed Market Report and Forecast 2025-2034” 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
Market Breakup by Country
- Brazil
- Mexico
- Argentina
- Others
Latin America Animal Feed Market Share
Based on livestock, the market is divided into pork, aquatic animal, cattle, and poultry, among others. Poultry accounts for a substantial market share as the Latin American region has a strong preference for poultry meat due to its affordability and cultural acceptance, making it one of the most consumed animal proteins in the region. This high demand for poultry meat supports a thriving domestic market for poultry feed, boosting the segment expansion in the region.
Leading Companies in the Latin America Animal Feed Market
The market participants are expanding their production capacities to meet the growing demand in the region.
- 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.
- ITALCOL S.A.
- Contegral SAS
- BioMar Group
- Others
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate volume of 193.18 Million Tons.
The market is estimated to grow at a CAGR of 1.70% between 2025 and 2034.
The market is estimated to witness a healthy growth during 2025-2034 to reach around 228.65 Million Tons by 2034.
The market is being driven due to rising demand for meat and dairy products, advancements in feed production techniques, and growing usage of organic feed.
The key trends aiding the market include a shift towards alternative feed options, usage of innovative technologies such as precision feeding systems, and rising use of feed additives.
Countries considered in the market are Brazil, Mexico, and Argentina, among others.
Based on type, market segmentations include fodder and forage and compound feed.
Various types of livestock are pork, aquatic animal, cattle, and poultry, among others.
The major players in the market are 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., ITALCOL S.A., Contegral SAS, and BioMar Group, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Livestock |
|
| Breakup by Raw Material |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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