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Latin America Animal Feed Market Size, Share, Trends, Growth: By Type: Fodder and Forage, Compound Feed; By Livestock: Pork, Aquatic Animal, Cattle, Poultry, Others; By Raw Material: Soy, Corn, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Latin America Animal Feed Market Size
The Latin America animal feed market reached approximately 193.18 million tons in 2023. The market is projected to grow at a CAGR of 1.70% between 2024 and 2032, reaching a volume of around 224.06 million tons by 2032.
Latin America Animal Feed Market Outlook
- 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.
- As per the industry reports, Argentina produced around 18.5 million tons of animal feed in 2021, with broiler feed holding the majority share.
- 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.
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 crucial market drivers. 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.
Latin America Animal Feed Industry Segmentation
“Latin America 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
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
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Livestock |
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| Breakup by Raw Material |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Animal Feed Market Overview
8.1 Key Industry Highlights
8.2 Global Animal Feed Historical Market (2018-2023)
8.3 Global Animal Feed Market Forecast (2024-2032)
8.4 Global Animal Feed Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Latin America Animal Feed Market Overview
9.1 Key Industry Highlights
9.2 Latin America Animal Feed Historical Market (2018-2023)
9.3 Latin America Animal Feed Market Forecast (2024-2032)
10 Latin America Animal Feed Market by Type
10.1 Fodder and Forage
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Compound Feed
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Latin America Animal Feed Market by Livestock
11.1 Pork
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Aquatic Animal
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Cattle
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Poultry
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Latin America Animal Feed Market by Raw Material
12.1 Soy
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Corn
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Others
13 Latin America Animal Feed Market by Country
13.1 Brazil
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Mexico
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Argentina
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Alltech Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Archer-Daniels-Midland Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Cargill, Incorporated
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nutreco N.V.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 BRF S.A.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Guabi Nutrição e Saúde Animal S.A.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 De Heus Voeders BV
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 JA Teixeira Veterinária Ltda.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 ITALCOL S.A.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Contegral SAS
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 BioMar Group
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
2. Global Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
3. Latin America Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
4. Latin America Animal Feed Market: Key Industry Highlights (Million Tons), 2018 and 2032
5. Latin America Animal Feed Historical Market: Breakup by Type (Million Tons), 2018-2023
6. Latin America Animal Feed Market Forecast: Breakup by Type (Million Tons), 2024-2032
7. Latin America Animal Feed Historical Market: Breakup by Type (Million Tons), 2018-2023
8. Latin America Animal Feed Market Forecast: Breakup by Type (Million Tons), 2024-2032
9. Latin America Animal Feed Historical Market: Breakup by Livestock (Million Tons), 2018-2023
10. Latin America Animal Feed Market Forecast: Breakup by Livestock (Million Tons), 2024-2032
11. Latin America Animal Feed Historical Market: Breakup by Livestock (Million Tons), 2018-2023
12. Latin America Animal Feed Market Forecast: Breakup by Livestock (Million Tons), 2024-2032
13. Latin America Animal Feed Historical Market: Breakup by Raw Material (Million Tons), 2018-2023
14. Latin America Animal Feed Market Forecast: Breakup by Raw Material (Million Tons), 2024-2032
15. Latin America Animal Feed Historical Market: Breakup by Raw Material (Million Tons), 2018-2023
16. Latin America Animal Feed Market Forecast: Breakup by Raw Material (Million Tons), 2024-2032
17. Latin America Animal Feed Historical Market: Breakup by Country (Million Tons), 2018-2023
18. Latin America Animal Feed Market Forecast: Breakup by Country (Million Tons), 2024-2032
19. Latin America Animal Feed Historical Market: Breakup by Country (Million Tons), 2018-2023
20. Latin America Animal Feed Market Forecast: Breakup by Country (Million Tons), 2024-2032
21. Latin America Animal Feed Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate volume of 193.18 million tons.
The market is estimated to grow at a CAGR of 1.70% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around 224.06 million tons by 2032.
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.
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