Latin America Feed Additives Market: By Product Type (Antibiotics, Antioxidants, Acidifiers, Vitamins and minerals, Enzymes, Amino acids, Binders), By Species (Poultry, Swine, Aquatic, Ruminants, Others), By Formulation Type (Liquids, Solids, Others), and Country  

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Feed additives are the ingredients added in the production of animal feed to enhance the animal nutrition and improve the nutrition properties of animal fodder. These include grains, added vitamins, fats/oils, minerals, and other nutritional & energy sources. Feed additives are available in liquids, powders, and pellets and these are help to prevent the nutritional and vitamin deficiencies in animals. Feed additives are either chemical or neutral additives. In January 2016, BioResource International, Inc. received regulatory approval of its proprietary xylanase feed additive, Xylamax for use in Brazil and Peru. Industry trends in the market are evolving, which will aid players in developing successful long-term strategies. Both established and emerging markets have implemented business growth techniques. COVID-19 is an unprecedented worldwide public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the projection period. Our continuous study is enhancing our research approach to guarantee that fundamental COVID-19 concerns and potential solutions are included. The research examines COVID-19 in light of changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, market dynamics, and government involvement. This market research report considers the influence of COVID-19 on the market and includes insights, analysis, projections, and predictions.

Latin America Feed Additives Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

N/A

Largest Market

Mexico

Fastest Growing Market

Argentina
Drivers And Restraints

Increase in demand for the livestock meat coupled with the rise in concerns related to health and consumption of the animal protein among the population of Latin American countries are drive the Latin America feed additives market. Moreover, grow in R&D expenditure for the development of newer products, Increase in the export opportunities of the meat in countries such as Brazil and Argentina, and increase in the adoption of animal feed products are surge the Latin America feed additives market over the forecast years. However, stringent regulations for product approval, lack of awareness about livestock diseases in underdeveloped countries, high cost of feed and environmental factors leads to feed deterioration are impede the growth of Latin America feed additives market.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market and forecast
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market.

Latin America Feed Additives Market Segmentation

product type
  • Antibiotics
  • Antioxidants
  • Acidifiers
  • Vitamins and minerals
  • Enzymes
  • Amino acids
  • Binders
species
  • Poultry
  • Swine
  • Aquatic
  • Ruminants
  • Others
formulation type
  • Liquids
  • Solids
  • Others

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

  • Nutreco N.V. (The Netherlands)
  • Koninklijke DSM N.V. (The Netherlands)
  • Evonik Industries AG (Germany)
  • BioResource International, Inc. (Brazil)
  • Novus International Inc. (U.S)
  • Novozymes (Novo Holdings A/S) (Denmark)
  • BASF SE (Germany)
  • Kemin Industries (U.S)
  • Archer Daniels Midland Company (U.S)
  • Cargill Inc. (U.S)

Adjacent Markets