Mexico Compound Feed Market Size (2024 - 2029)

The Mexico compound feed market is experiencing growth, driven by the expanding pig, cattle, and poultry sectors. The poultry industry, in particular, plays a significant role in the market's expansion, accounting for a substantial portion of the feed produced. The increasing demand for poultry meat and eggs has led to a notable share of the market size being attributed to this subsector. Animal feed is a critical component in the production processes of both chicken meat and eggs, highlighting its importance in the overall market dynamics.

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Market Size of Mexico Compound Feed Industry

Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.50 %

Major Players

Mexico Compound Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

Mexico Compound Feed Market Analysis

The Mexico compound feed market is projected to register a CAGR of 3.5% during the forecast period. According to a survey conducted by the National Institute of Statistics and Geography (INEGI), the annual production value of animal feed manufacturing in the country has significantly increased by USD 4.1 billion in 2017. This growth is strongly driven by the growing pig, cattle, and poultry sector in the country. Poultry is the most developed animal feed livestock subsector in Mexico, driven by high demand for poultry meat and eggs. According to the Mexican feed industry, 40 million metric tons of feed were produced in 2018, about 55% of which was used by the poultry industry. For every million metric tons of chicken meat produced, 72.5% of the cost involved is from the feed. The animal feed is the crucial component in the production of eggs, with 63% of share in the cost of eggs.

Mexico Compound Feed Industry Segmentation

The Mexico Compound Feed Market is segmented By Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Others), By Ingredients (Cereal, Cakes & Meals, By-Products, and Supplements).

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

The Mexico compound feed market is experiencing steady growth, driven by the expanding livestock sectors, particularly in pig, cattle, and poultry. Poultry stands out as the most developed subsector, largely due to the high demand for poultry meat and eggs. The increasing per capita consumption of red meat and poultry products, recognized as vital sources of nutrition, has spurred meat production, creating a robust demand for animal feed. This trend is further amplified by globalization and the rising need for animal-sourced foods, offering significant opportunities for manufacturers to leverage compound feed for sustainable livestock production. The market is characterized by substantial investments from major players like Alltech, Cargill, and Purina Animal Nutrition, who are enhancing their production capabilities through technological advancements and strategic acquisitions.

The compound feed industry in Mexico is poised for continued expansion, supported by the country's growing demand for meat and dairy products. The market's growth is underpinned by the increasing production of live chicken and the rising consumption of meat products, as reported by various international organizations. The feed industry plays a crucial role in optimizing livestock production costs, with a significant portion of expenses attributed to feed. Major companies in the sector are focusing on upgrading their facilities and expanding research and development efforts to meet the burgeoning demand. This strategic focus on innovation and capacity enhancement is expected to sustain the market's growth trajectory in the coming years.

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Mexico 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 Ingredient

      1. 2.1.1 Cereals

      2. 2.1.2 Cakes & Meals

      3. 2.1.3 By-products

      4. 2.1.4 Supplements

    2. 2.2 Animal Type

      1. 2.2.1 Ruminants

      2. 2.2.2 Poultry

      3. 2.2.3 Swine

      4. 2.2.4 Aquaculture

      5. 2.2.5 Other Animal Types

Mexico Compound Feed Market Size FAQs

The Mexico Compound Feed Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)

United Animal Health, Archer Daniels Midland Company , ALLtech inc., LAND O’ LAKES INC. (PURINA MILLS) and Cargill inc. are the major companies operating in the Mexico Compound Feed Market.

Mexico Compound Feed Report Snapshots

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