Argentina Compound Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.60 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Argentina Compound Feed Market Analysis
The market for compound feed in Argentina is projected to register a CAGR of 4.6%, during the forecast period. According to the Chamber of Industry and Commerce of Meat and Derivatives the Rep. Argentina (CICCRA), Argentina has 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, in 2017. Grass-fed cattle operations are seeing positive returns and new export opportunities continue to spur investment in herd expansion. Rising commodity input costs, however, due to recent currency depreciation in the year 2018, are negatively impacting margins of feedlot operations.
Argentina Compound Feed Market Trends
This section covers the major market trends shaping the Argentina Compound Feed Market according to our research experts:
Increased Consumption of Meat Products
The demand for higher value and quality foods, such as meat, eggs, and milk, is increasing in the country compared to plant-originated foods, such as cereals, owing to the rising demand for greater food varieties and protein intake. These changes in consumption, together with sizeable population growth, have led to large increases in the total demand for animal products in many developing countries. Furthermore, this trend is expected to continue in the coming years. According to the United States Department of Agriculture, the Poultry business in Argentina is growing by 10% annually, primarily focused on exportation as the cost of chicken meat in Argentina is the cheapest compared to the other countries in the region. The poultry industry accounts for the maximum share in the Argentinian compound feed market, and it also utilizes most of the feed. The rising demand for animal products and processed meat has created an opportunity for feed manufacturers to enhance animal productivity. An increase in demand for various animal products, such as milk, dairy products, meat products, eggs, and other non-food items, has led to the growth in the usage of feed additives, thereby, boosting the growth of compound feed in the animal feed market.
Industrialization of Livestock Sector
According to FAO in 2018, meat production valued at 5930.063 thousand tonnes up from 5397.908 thousand tonnes in 2016. According to the AllTech feed survey, The country is equipped with 900 feed mills with the total compound feed production of 21 million metric tons in 2019. out of which 5.5 million metric ton is for broilers, 2.9 million metric ton for pigs, 1.9 million metric ton for layers, 4.9 million metric ton for dairy cows, 5.2 million metric ton for beef, 0.7 million metric ton for pets, 0.009 million metric ton for Equine and 0.004 million metric ton for aqua. According to the Food and Agriculture Organization, About 40% of the corn available in the country is used in the feed industry. The ruminants in Argentina are still following the method of grazing, However, the country is changing to a more intensive model as the revenue associated with the land in the country is increasing.
Argentina Compound Feed Industry Overview
Alltech, Cargill, Kent Nutrition Group, Land O'Lakes, Purina Animal Nutrition, Tyson Foods (broiler), Smithfield Foods, Industrias Bachoco, and J.D. Heiskell & Co are some of the major players, together accounted for a majority of the market share in the Argentina Compound Feed Market. Collectively these companies are making significant investments to upgrade and expand their production plants in terms of capacity and technology for various products. These investments are being made in terms of mergers and acquisition of small and regional players, providing technical support to small players, and expanding the research and development capabilities of the respective companies.
Argentina Compound Feed Market Leaders
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Cargill inc.
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LAND O’ LAKES INC. (PURINA MILLS)
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ALLtech inc.
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Archer Daniels Midland Company
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United Animal Health
*Disclaimer: Major Players sorted in no particular order
Argentina Compound Feed Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porters Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Ingredient
- 5.1.1 Cereals
- 5.1.2 Cakes & Meals
- 5.1.3 By-products
- 5.1.4 Supplements
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5.2 Animal Type
- 5.2.1 Ruminants
- 5.2.2 Poultry
- 5.2.3 Swine
- 5.2.4 Other Animal Types
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Archer Daniels Midland
- 6.3.2 DeKalb Feeds
- 6.3.3 Heiskell & Co.
- 6.3.4 Kent Feeds
- 6.3.5 Nutreco
- 6.3.6 Cargill Inc.
- 6.3.7 Land O Lakes Purina
- 6.3.8 Alltech Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19
** Subject To AvailablityArgentina Compound Feed Industry Segmentation
The Argentina Compound Feed Market is segmented By Animal Type (Ruminants, Poultry, Swine, and Others), By Ingredients (Cereal, Cakes & Meals, By-Products, and Supplements). The supplement segment is further segmented into Vitamins, Amino Acids, Enzymes, Acidifiers, Probiotics and Prebiotics, and Other Supplements.
| Ingredient | Cereals |
| Cakes & Meals | |
| By-products | |
| Supplements | |
| Animal Type | Ruminants |
| Poultry | |
| Swine | |
| Other Animal Types |
Argentina Compound Feed Market Research FAQs
What is the current Argentina Compound Feed Market size?
The Argentina Compound Feed Market is projected to register a CAGR of 4.60% during the forecast period (2024-2029)
Who are the key players in Argentina Compound Feed Market?
Cargill inc., LAND O’ LAKES INC. (PURINA MILLS), ALLtech inc., Archer Daniels Midland Company and United Animal Health are the major companies operating in the Argentina Compound Feed Market.
What years does this Argentina Compound Feed Market cover?
The report covers the Argentina Compound Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Compound Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Compound Feed Industry Report
Statistics for the 2024 Argentina Compound Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Compound Feed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
