Brazil Compound Feed Market Size (2024 - 2029)

The Brazil compound feed market is experiencing growth driven by several key factors, including the country's status as a major hub for meat production and its substantial domestic feed consumption. The market's expansion is supported by the availability of raw materials and the increasing demand for high-quality dairy and meat products. However, the industry faces challenges due to rising corn and soybean meal prices, which significantly impact production costs. Despite these challenges, the market is poised for growth, influenced by the global increase in livestock population, the spread of animal diseases, and the rapid industrialization in developing countries.

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Market Size of Brazil Compound Feed Industry

Brazil Compound Feed Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.10 %
Market Concentration High

Major Players

Brazil Compound Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

Brazil Compound Feed Market Analysis

The market for compound feed in Brazil is projected to register a CAGR of 5.1%, during the forecast period.

  • The feed segment in Brazil is the third-largest feed sector in the world. This is mainly attributed to the high production of raw materials in the country coupled with the enhanced consumption of meat. The domestic consumption of feed in Brazil is very high as it is a hub for meat production. As corn and soybean meal prices continue to rise and put pressure on the animal feed industry plays a critical role in relieving financial pressure and instability, while ensuring a nutritious and complete diet for the animals. 
  • The Brazilian Association of Animal Protein (ABPA) and the Union of Industries of Poultry Products of the State of Paranaa both organizations has sent a list of demands to the federal government of Brazil for asking for immediate support for Brazilian poultry and pork producers as the industry is confronted with a spike in feed prices never seen before in last year soybean prices have increased by 73%, and corn 140% and both are representing about 51% of production costs in poultry farms and the current situation is putting pressure on the industry.
  • Some factors driving market are increasing livestock population worldwide, rising widespread of animal diseases, and increased population especially in the developing countries will encourage the growth of the compound feed market in the coming years. In addition to this, increasing demand for good quality dairy and meat products, rapid increase in industrialization and focus of the advancements are other important factors that are anticipated to boost the compound feed market growth.

Brazil Compound Feed Industry Segmentation

Compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances, or industrial processing, whether or not containing additives. While soybean, corn, barley, wheat, and sorghum are the most commonly used raw materials, vitamins, minerals, and amino acids are the most common additives blended to form compound feed. The Brazil Compound Feed Market is Segmented by Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Others), Ingredients (Cereal, Cakes & Meals, By-Products, and Supplements). The report offers market sizing and forecasts in terms of value (USD million) for all the above segments.

Animal Type
Ruminants
Poultry
Swine
Aquaculture
Other Animal Types
Ingredient
Cereals
Cakes & Meals
By-products
Supplements
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Brazil Compound Feed Market Size Summary

The Brazil compound feed market is a significant player in the global feed industry, ranking as the third-largest feed sector worldwide. This prominence is driven by the country's substantial production of raw materials and its status as a major meat production hub. The domestic demand for feed is robust, supported by the rising consumption of meat. However, the industry faces challenges due to increasing prices of key raw materials like corn and soybean meal, which constitute a large portion of production costs in poultry farming. Organizations such as the Brazilian Association of Animal Protein and the Union of Industries of Poultry Products have sought governmental support to mitigate the financial pressures on poultry and pork producers. Despite these challenges, factors such as the growing global livestock population, the spread of animal diseases, and the increasing demand for high-quality dairy and meat products are expected to drive the market's growth in the coming years.

Brazil's compound feed market is also characterized by its suitability for specialized markets, including feed additives and ingredients from the U.S. animal feed industry, due to the expanding livestock, poultry, and aquaculture sectors. The competition for raw materials between the feed and food industries, alongside the impact of international trade relations, particularly with the United States and China, poses additional challenges. Nonetheless, the demand for animal products, especially chicken meat, remains strong, with Brazil being a leading exporter. The market is highly consolidated, with major players like Alltech, Cargill, Land O'Lakes, Nutreco N.V., and Archer Daniels Midland Company holding significant market shares. These companies are actively investing in expanding their production capabilities and technological advancements through mergers, acquisitions, and research and development initiatives, which are anticipated to further bolster the market's growth during the forecast period.

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Brazil Compound Feed Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porters Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Animal Type

      1. 2.1.1 Ruminants

      2. 2.1.2 Poultry

      3. 2.1.3 Swine

      4. 2.1.4 Aquaculture

      5. 2.1.5 Other Animal Types

    2. 2.2 Ingredient

      1. 2.2.1 Cereals

      2. 2.2.2 Cakes & Meals

      3. 2.2.3 By-products

      4. 2.2.4 Supplements

Brazil Compound Feed Market Size FAQs

The Brazil Compound Feed Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)

Cargill inc., LAND O’ LAKES INC. (PURINA MILLS), ALLtech inc., Archer Daniels Midland Company and Nutreco N.V are the major companies operating in the Brazil Compound Feed Market.

Brazil Compound Feed Market Report Snapshots

Brazil Compound Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)