South America Feed Minerals Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Feed Minerals Market Analysis
The South America feed minerals market is projected to register a CAGR of 4.2% during the forecast period 2020-2025. Minerals are additives included in the animal feed for optimal growth, development, overall health, and well-being, and for the prevention of diseases in the livestock. Essential trace elements and minerals that are not adequately produced in the body need to be added in the feed externally for better standards and quality of animal-derived products. Increasing industrialization of livestock production to meet the increasing demand for animal protein sources is driving the greater focus on optimum nutrition of farm animals, and this trend is expected to provide robust growth to the feed minerals market in the region, over the forecast period.
South America Feed Minerals Market Trends
This section covers the major market trends shaping the South America Feed Minerals Market according to our research experts:
Increased Industrial Livestock Production
The growing demand for livestock products has been driving significant changes on the supply side that are aimed at improving livestock product yields. New capital-intensive technologies have made the production of poultry and pig meat in industrial style production facilities possible across region, especially in countries where land is limited. While herd sizes are being optimized across production systems, such as dairy and poultry, the investments by large groups of small-scale farmers remaining sub-par is still a challenge. This limits the growth of livestock production. However, enabling policies by various governments are expected to go a long way in maintaining or enhancing the supply, in order to meet the demand. With the adoption of industrial-scale livestock production by a larger number of farmers, the production of feed additives like feed minerals needs to improve, in order to cater to this large production base of high-quality compound feed. This is expected to boost the feed minerals market during the forecast period.
Increased Meat Consumption
Increasing meat-based product consumption resulted in a surge in livestock production. According to the Chamber of Industry and Commerce of Meat and Derivatives of the Argentina Republic (CICCRA), in 2017, Argentina recorded one of the largest per capita beef consumption levels in the world, at 55.9 kg per head, and the poultry consumption was 39.9 kg per capita. According to the Food and Agriculture Organisation (FAO), in 2016, the poultry bird population was 116.8 million which increased to 119.3 million in 2018. Also, in 2016, the cattle and buffaloes population was 52.6 million heads which increased to 53.9 million heads in 2018. The positive outlook for the crop industry and the high demand for compound feed from the livestock industry provide great leverage for the feed ingredients industry in Brazil. The rising demand for meat products, expansion of the processed meat industry, and the growth in meat exports are the major demand driving factors in the market.
South America Feed Minerals Industry Overview
The South America feed minerals market is fragmented, with top global and regional players competing fiercely with local manufacturers. Focus on quality through extensive investment in product research and development was the most adopted strategy of the leading players, worldwide. The major investments are directed to product line expansions and innovating new product to retain the existing customer base. The major players in the market are DSM Animal Nutrition, Cargill, Inc., Nutreco NV, BASF SE, and Kemin Industries, among others.
South America Feed Minerals Market Leaders
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Cargill Inc.
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BASF SE
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Nutreco NV
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Kemin
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Pancosma
*Disclaimer: Major Players sorted in no particular order
South America Feed Minerals Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porters Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Micro minerals
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5.1.2 Macro minerals
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5.2 Animal Type
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5.2.1 Ruminants
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5.2.2 Swine
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5.2.3 Poultry
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5.2.4 Aquaculture
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5.2.5 Other Animal Types
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5.3 Geography
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5.3.1 Argentina
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5.3.2 Brazil
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5.3.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Cargill Inc.
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6.3.2 BASF SE
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6.3.3 Kemin Industries
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6.3.4 DSM Animal Nutrition
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6.3.5 Nutreco NV
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6.3.6 Novus International Inc.
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6.3.7 Pancosma SA
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6.3.8 Zinpro Corp.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
South America Feed Minerals Industry Segmentation
With the industrialization of the sector, the use of feed additives like the feed minerals has been increasing over the years. The price volatility of natural feed sources during the past decade leads to an increment in the usage of different feed additives like minerals in the animal feed industry.The South America Feed Minerals Market is segmented by Type (Macrominerals and Microminerals), Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Other Animal Types) in the countries like Argentina, Brazil and Rest of South America.
| Type | |
| Micro minerals | |
| Macro minerals |
| Animal Type | |
| Ruminants | |
| Swine | |
| Poultry | |
| Aquaculture | |
| Other Animal Types |
| Geography | |
| Argentina | |
| Brazil | |
| Rest of South America |
South America Feed Minerals Market Research FAQs
What is the current South America Feed Minerals Market size?
The South America Feed Minerals Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in South America Feed Minerals Market?
Cargill Inc., BASF SE, Nutreco NV, Kemin and Pancosma are the major companies operating in the South America Feed Minerals Market.
What years does this South America Feed Minerals Market cover?
The report covers the South America Feed Minerals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Feed Minerals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Feed Minerals Industry Report
Statistics for the 2024 South America Feed Minerals market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. South America Feed Minerals analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
