Latin America Feed Additives Market, By Type of Additive (Enzymes, Amino Acid, Feed Acidifiers, Mycotoxin Detoxifiers, Probiotics, Vitamins, Preservatives, Flavours and Sweeteners, Nitrogen, Phytogenic, Carotenoids, Trace Minerals, Antioxidants, Others), Lifecycle (Grower Feed, Finisher Feed, Starter Feed, Brooder Feed), Form (Powder/Dry, Liquid), Category (Conventional, Organic), Livestock (Ruminants, Poultry, Swine, Others), End User (Feed Manufacturers, Contract Manufacturers, Livestock Producers, Others) – Industry Trends and Forecast to 2030.
Latin America Feed Additives Market Analysis and Size
In last few years, rapid growth and expansion in the consumption and production of animal-based products have led to a livestock revolution. Rapid expansion in the consumption of animal-based products is mainly due to the increasing population and growing incomes. Livestock farmers are continuously looking for those products which improve the performance and quality of animals. Food consumed by livestock animals greatly affects the quality of meats. Therefore, all livestock animals require proper minerals, vitamins, and proteins to maintain their health. As a result of this the demand for the feed additives increases and enhance the market growth.
Data Bridge Market Research analyses that the 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. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Latin America Feed Additives Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 - 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type of Additive (Enzymes, Amino Acid, Feed Acidifiers, Mycotoxin Detoxifiers, Probiotics, Vitamins, Preservatives, Flavours and Sweeteners, Nitrogen, Phytogenic, Carotenoids, Trace Minerals, Antioxidants, Others), Lifecycle (Grower Feed, Finisher Feed, Starter Feed, Brooder Feed), Form (Powder/Dry, Liquid), Category (Conventional, Organic), Livestock (Ruminants, Poultry, Swine, Others), End User (Feed Manufacturers, Contract Manufacturers, Livestock Producers, Others)
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Countries Covered
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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
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Market Players Covered
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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), Bentoli (U.S.), Adisseo (France), Novozymes (Denmark), TEGASA (Spain), Tate & Lyle (U.K.), Ajinomoto Co., Inc. (Japan), Nutreco (Netherlands), Global Nutrition International (France), Centafarm SRL (Italy), NUQO Feed Additives (France) and Novus International, Inc. (U.S.)
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Market Opportunities
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Market Definition
Feed additives are those products used in animal nutrition for various purposes such as improving feed quality and the quality of foods of animal origin such as meat, milk, eggs, and fish. Feed additives also helps in improve the health and performance of animals for instance, increasing the digestibility of feed materials.
Latin America Feed Additives Market Dynamics
Drivers
- Rising demand and consumption of livestock-based products
An increase in demand and consumption of livestock-based products such as meat, eggs, dairy & dairy-based products is expected to drive the market growth. Poultry meat is the major driver for the growth of the meat production, because of its high demand, lower product prices and low production cost. Furthermore, increasing awareness regarding the role and dynamics of food nutrients, mainly protein, on overall mental and physical growth and development, increasing trend toward animal-sourced protein in the form of either eggs, meat, or milk. This is expected to drive the usage of feed additives and enhance the market growth.
- Shifting towards natural growth promoters
Antimicrobial compounds are generally included in poultry diets for controlling diseases and promoting growth. As a result, feed manufacturers are adopting natural feed additives compared to antibiotics with the help of modern science. New natural growth promoters include botanical additives such as proper blends of plant or herb extracts. Plant and herbs extracts used as feed additives include different bio-active ingredients such as glycosides, mucilage, saponins, alkaloids, bitters, flavonoids and tannins. Therefore, manufacturers are shifting towards natural growth promoters, eventually driving the market growth during the forecast period.
Opportunities
- Increasing consumption of dairy products
Rising consumption of dairy products because of their various health benefits and wide applications is anticipated to fuel the demand for feed additives and create lucrative opportunities for market growth during the forecast period. A sudden growth in cattle farming has been witnessed across various regions in Latin America, cattle being the major source of dairy products such as yogurt, milk, cream, butter, and cheese among other in this region. This is expected to propel the demand for the product in the upcoming years.
- Surging partnership and mergers between market players
Surging partnership, collaboration and mergers between market players further offer numerous growth opportunities in the market. For instance, Alltech has announced that they started their partnership with Corey Nutrition to offer new range of feed products in 2020. They will bring innovative and good quality products to the market. With this partnership, the company will generate adequate revenue and enhance their business.
Restraints/ Challenges
- Stringent norms associated with the use of feed additives
Stringent rules and regulations laid by the regulatory authorities regarding the usage of feed additives are expected to hamper the overall growth of the targeted market. Hence, the market players, focused on marketing and selling additives across the Latin America regions, are required to apply the control methods and demonstrate data for the product's safety and effectiveness, which is anticipated to further detain the market growth during the forecast period.
This feed additives market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the feed additives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Feed Additives Market
The outbreak of COVID-19 has brought serious economic, medical, social challenges. Where the medical community is mainly focused on developing successful medical treatment, the feed industry is also focused on producing healthy products by using feed additives for animals to combat diseases by providing immune support. The feed additives market was observed to witness a drop owing to the lockdowns in various countries, delay in cross border transit and closure of the international borders, and that has led to supply chain interruptions during the pandemic. Thus, the decline in the growth of the feed additives market was mainly owing to the major impact of the pandemic. Gradually, as the restrictions of the government measures are expected to relax, the feed additives market would witness a slight growth in the upcoming years.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2022, BASF expanded its feed enzyme production capacity at Ludwigshafen (Germany) plant. With this expanding, BASF has increased its annual production. The higher production capacity allows BASF to meet the increasing demand for a reliable, high-quality supply from customers. BASF feed enzymes are Natugrain TS (xylanase and glucanase), Natuphos E (phytase), and recently launched Natupulse TS (mannanase).
- In 2022, Cargill acquired Delacon which is a plant-based additives manufacturing company. This acquisition is anticipated to increase portfolio of Cargill with significant experience in feed additives and helps for the production of more nutritious food.
- In 2021, Biomin GmBH, a multinational animal nutrition and feed additive company, announced its contribution in a four-year, USD 11.9 Mn EU-backed research consortia project to find difficulties in poultry and pig production. The 3D'omics project goals to create a new technique for analyzing animal microbiome interactions by providing 3D visuals for a better understanding at the microscale.
Latin America Feed Additives Market Scope
The feed additives market is segmented on the basis of type of additive, lifecycle, form, category, livestock, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type of Additive
- Enzymes
- Amino Acid
- Feed Acidifiers
- Mycotoxin Detoxifiers
- Probiotics
- Vitamins
- Preservatives
- Flavours and Sweeteners
- Nitrogen
- Phytogenic
- Carotenoids
- Trace Minerals
- Antioxidants
- Others
Lifecycle
- Grower Feed
- Finisher Feed
- Starter Feed
- Brooder Feed
Form
- Powder/Dry
- Liquid
Category
- Conventional
- Organic
Livestock
- Ruminants
- Poultry
- Swine
- Others
End User
- Feed Manufacturers
- Contract Manufacturers
- Livestock Producers
- Others
Feed Additives Market Regional Analysis/Insights
The feed additives market is analyzed and market size insights and trends are provided by country, of type of additive, lifecycle, form, category, livestock, and end user as referenced above.
The countries covered in the 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.
Brazil dominates the feed additives market in terms of revenue and market share owing to the increasing production of feed additives in this region. For instance, according to the analysis, in 2018 the total production of compound feed in Brazil accounted for 68,700,000 Metric tons while. The feed additives are mainly used in the production of feed to meet the need of livestock reproduction and health management.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Feed additives Market Share Analysis
The feed additives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to feed additives market.
Some of the major players operating in the 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)
- Bentoli (U.S.)
- Adisseo (France)
- Novozymes (Denmark)
- TEGASA (Spain)
- Tate & Lyle (U.K.)
- Ajinomoto Co., Inc. (Japan)
- Nutreco (Netherlands)
- Global Nutrition International (France)
- Centafarm SRL (Italy)
- NUQO Feed Additives (France)
- Novus International, Inc. (U.S.)
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