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Mexico Feed Additives Market Analysis

The Mexico Feed Additives Market size is estimated at USD 1.36 billion in 2024, and is expected to reach USD 1.7 billion by 2029, growing at a CAGR of 4.58% during the forecast period (2024-2029).

Food safety has become paramount for governments worldwide, especially in North America. Animals often stand in their waste and are under constant stress, affecting their immune system and making them prone to infections. High awareness, the growing demand for animal nutrition, and the ban on antibiotics in many countries are prompting players in the livestock industry and meat manufacturers to use probiotics. Further, the need for increased disease resistance, feed efficiency, and growth of aquatic organisms brought about the use of probiotics, leading to improved feed additives consumption by feed producers.

Over the last few years, processed meat consumption in the country increased severalfold. In addition to domestic consumption, Mexico is one of the top beef exporters to countries such as the United States, Japan, Canada, and South Korea. Countries importing from Mexico are shifting their preference toward organic meat. Due to this, producers are looking for innovative and efficient solutions resulting in increased demand for feed additives to enhance the meat and milk yield to cater to the need.

Mexico Feed Additives Industry Segmentation

Feed additives are used in animal nutrition to achieve an effect on the feed itself, improve the performance and health of animals, and enhance the nutritional value of animal products.

The Mexican feed additives market is segmented by additive type (antibiotics, vitamins, antioxidants, amino acids, enzymes, mycotoxin detoxifiers, prebiotics, probiotics, flavors and sweeteners, pigments, binders, minerals, and other feed additives) and animal type (ruminants, swine, poultry, and other animal types). The report offers market estimation and forecasts in value (USD million) for all the above segments.