Mexico Animal Feed Market Report and Forecast 2024-2032

Mexico Animal Feed Market Size

The Mexico animal feed market is projected to grow at a CAGR of 5.3% between 2024 and 2032. The market is being driven by the growing focus on sustainability and the rising demand for poultry feed.

Mexico Animal Feed Market Outlook

• The USA exports 17 MT of yellow corn to Mexico annually, which significantly boosts its animal feed production.

• Mexico has an installed capacity of producing 43.5 MMT of animal feed annually.

• Poultry feed is expected to remain popular among livestock owners over the forecast period.

Mexico Animal Feed Market Growth

In 2021, Mexico became one of the world’s leading producers of animal feed, with a record of 37.6 MMT of production. Broiler and swine feed constituted a share of 28% and 14% in the overall production, while the share of swine feed reached 24%. Feed production across all categories of livestock recorded a significant role, with commercial feed mills constituting a substantial portion of the market share. Integrated companies are expected to boost their collaboration with technology companies to drive efficiency and sustainability in their animal feed production processes.

Sorghum is expected to emerge as an alternative raw material for Mexico’s animal feed manufacturers as it boosts starch digestibility among animals to 98%. Moreover, the presence of tannins and other phytochemical compounds helps it to have a positive impact on animal health. The increasing imports of sorghum from the United States can help Mexico shift away from the usage of genetically modified corn in animal feed over the forecast period.

Railways represent 64% of the total cross-border export of oilseed and grains between the USA and Mexico. The increasing demand from major stakeholders to ease the cross-border movement of important animal feed ingredients is expected to drive the market development.

Brazilian imports of fish and poultry oil are expected to bolster the demand for animal feed in Mexico.

Mexico Animal Feed Industry Segmentation

Mexico 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

Mexico Animal Feed Market Share

Based on type, the market is divided into fodder and forage and compound feed. The optimum nutritional balance and ingredient variety delivered by compound feed are expected to enhance its appeal among livestock owners. Advanced processing technologies that guarantee high-quality animal feeds at cost-effective rates are expected to further drive the market growth in the forecast period.

Leading Companies in the Mexico 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 capacity expansion.

• Alltech Inc.

• Archer-Daniels-Midland Company

• Cargill, Incorporated

• Nutreco N.V.

• BRF S.A.

• GRUPO NUTEC

• Nutrix

• Others

Major players in the market are investing in research and development (R&D) activities to drive sustainability and efficiency in animal feed production processes.

Key Highlights of the Report