Vital Boost for Latin American Livestock: Feed Additives Combat Nutrient Deficiencies, Strengthen Immunity, and Ensure Robust Health

Feed additives such as vitamins, minerals, and probiotics are essential for livestock and poultry health in Latin America. These additives prevent nutrient deficiencies, ensuring animals receive vital elements for growth and well-being. Probiotics enhance the immune system, reducing susceptibility to diseases prevalent in the region. Adequate vitamin and mineral supplementation contribute to strong bone development and reproductive health. In Latin American climates, where nutritional challenges may vary, feed additives play a crucial role in maintaining optimal health across diverse environments.

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Data Bridge Market Research analyses that the Latin America Feed Additives Market is expected to reach USD 64,582.51 million by 2030, which is USD 36,211.55 million in 2022, registering a CAGR of 7.50% during the forecast period of 2023 to 2030. The market is growing due to the increase in the consumption of meat, eggs, dairy, and dairy-based products. This surge in demand for animal-derived products acts as a driving force for the growth of the livestock industry.

Key Findings of the Study

Increasing prevalence of natural growth promoters in poultry production is expected to drive the market's growth rate

The Latin America feed additives market is being driven by a shift towards natural growth promoters in poultry production. This change is a response to global concerns over antibiotic resistance, prompting regulatory shifts and aligning with consumer preferences for healthier and sustainably produced food. With a growing emphasis on eco-friendly practices, poultry producers in the region are adopting natural growth promoters to enhance market competitiveness. This strategic move not only addresses environmental sustainability but also positions poultry products as antibiotic-free, meeting evolving consumer demands.

Report Scope and Market Segmentation

Segment Analysis:

The Latin America feed additives market is segmented on the basis of type of additive, lifecycle, form, category, livestock, and end user.

• On the basis of type of additive, the Latin America feed additives market is segmented into enzymes, amino acid, feed acidifiers, mycotoxin detoxifiers, probiotics, vitamins, preservatives, flavours and sweeteners, nitrogen, phytogenic, carotenoids, trace minerals, antioxidants, and others 
• On the basis of lifecycle, the Latin America feed additives market is segmented into grower feed, finisher feed, starter feed, and brooder feed
• On the basis of form, the Latin America feed additives market is segmented into powder/dry, and liquid
• On the basis of category, the Latin America feed additives market is segmented into conventional,  and organic
• On the basis of livestock, the Latin America feed additives market is segmented into ruminants, poultry, swine, and others
• On the basis of end-user, the Latin America feed additives market is segmented into feed manufacturers, contract manufacturers, livestock producers, and others

Major Players

Data Bridge Market Research recognizes the following companies as the major Latin America feed additives market players in Latin America feed additives market are Cargill, Incorporated (U.S.), ADM (U.S.), DuPont (U.S.), BASF SE (Germany), DSM (Netherlands), Chr. Hansen A/S (Denmark), Alltech (U.S.), Kemin Industries Inc. (U.S.), Palital Feed Additives B.V (Netherlands)

Market Developments

• In 2023, Novus International's acquisition of Agrivida indicates a strategic move to enhance its capabilities in developing innovative feed additives. By integrating Agrivida's biotechnology expertise, Novus aims to bring new and advanced solutions to the market, potentially improving the nutritional quality and overall effectiveness of animal feed
• In 2022, BASF significantly increased its feed enzyme production capacity at the Ludwigshafen plant in Germany. This expansion aimed to meet the rising demand for BASF's feed enzymes, including Natugrain TS (xylanase and glucanase), Natuphos E (phytase), and the newly launched Natupulse TS (mannanase). The augmented annual production capacity not only ensures a reliable supply but also emphasizes BASF's commitment to providing high-quality feed additives to its customers, addressing the growing needs of the market
• In 2022, Cargill made a strategic move by acquiring Delacon, a prominent plant-based additives manufacturing company. This acquisition enhances Cargill's portfolio with the expertise of Delacon in feed additives. By integrating Delacon's capabilities, Cargill aims to produce more nutritious food, aligning with the global demand for sustainable and innovative solutions in the feed industry. This acquisition positions Cargill to offer a broader range of high-quality feed additives and strengthen its position as a key player in the market
• In 2022, Adisseo Group's decision to acquire Nor-Feed and its subsidiaries signals a strategic expansion in the development of animal feed solutions. This acquisition such asly provides Adisseo with access to Nor-Feed's expertise in botanical additives, enabling the development and registration of new, plant-based feed additives. This move aligns with the industry trend towards exploring natural and sustainable alternatives in animal nutrition
• In 2022, Kemin Industries' launch of Toxfin Care represents an innovative solution in the field of mycotoxin management. Toxfin Care not only protects animal feed from mycotoxins but also strengthens the immune system, safeguards organs, and prevents performance and productivity losses. This introduction addresses the critical issue of mycotoxin contamination in feed, offering a comprehensive approach to enhancing animal health and productivity
• In 2021, Biomin GmbH, a multinational animal nutrition and feed additive company, announced its participation in a significant EU-backed research consortia project, the 3D'omics project. With a funding of USD 11.9 million over four years, this initiative aims to address challenges in poultry and pig production. The project focuses on developing a novel technique for analyzing animal microbiome interactions, providing 3D visuals for a microscale understanding. Biomin's involvement highlights its commitment to advancing research and innovation in the animal nutrition sector, contributing to solutions that can enhance production efficiency in poultry and pig farming

Regional Analysis

Geographically, the countries covered in the Latin America feed additives market report are Mexico, Colombia, Peru, Ecuador, Guatemala, Costa Rica, Panamá, El Salvador, Honduras, Dominican Republic, Jamaica, Puerto Rico, Brazil, Argentina, Chile, Paraguay, Uruguay and Rest of Latin America

As per Data Bridge Market Research analysis:

Brazil is the dominant region in Latin America feed additives market during the forecast period 2023-2030

Brazil dominates the feed additives market due to its substantial production of compound feed, reaching 68,700,000 metric tons in 2018. The country's strong livestock industry drives the demand for feed additives to enhance nutritional content and overall feed quality. Brazil's focus on livestock reproduction and health management positions feed additives as essential for production efficiency. The nation's commitment to agricultural development, ongoing market expansion, and global influence solidifies its leadership in the feed additives sector. 

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