South America Feed Additives Market Size

The South America Feed Additives Market is projected to experience growth over the forecast period, driven by the increasing demand for animal nutrition solutions. The market's expansion is supported by the rising use of various feed additives, including amino acids, binders, minerals, probiotics, and prebiotics, which are essential for livestock health and productivity. Brazil leads the region in market share, attributed to its significant feed production and livestock population growth. Argentina and Chile also contribute notably to the market size, with specific segments like ruminants and swine showing rapid growth. The overall market size is expected to grow as the region continues to enhance its meat production capabilities and meet nutritional requirements for livestock.

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Market Size of south america feed additives Industry

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South America Feed Additives Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 4.31 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 5.40 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Additive Amino Acids
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 4.61 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country Brazil

Major Players

South America Feed Additives Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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South America Feed Additives Market Analysis

The South America Feed Additives Market size is estimated at 4.31 billion USD in 2024, and is expected to reach 5.40 billion USD by 2029, growing at a CAGR of 4.61% during the forecast period (2024-2029).

4.31 Billion

Market Size in 2024 (USD)

5.40 Billion

Market Size in 2029 (USD)

4.44 %

CAGR (2017-2023)

4.61 %

CAGR (2024-2029)

Largest Market by Additive

20.62 %

value share, Amino Acids, 2023

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Amino acids is the largest segment due to their benefits, such as improving gut health, promoting muscle development, and providing high protein content. An increase in the animal population in the country also promotes the segment's growth.

Largest Market by Country

56.07 %

value share, Brazil, 2023

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Brazil is the largest market because of the increasing livestock population, rising meat and meat product exports, and increasing meat consumption.

Fastest-growing Market by Additive

5.26 %

Projected CAGR, Antioxidants, 2024-2029

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Antioxidants is the fastest-growing segment due to benefits such as increasing the shelf life of feed, limiting the production of toxic metabolites, and providing protein.

Fastest-growing Market by Country

5.26 %

Projected CAGR, Chile, 2024-2029

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Chile is the fastest-growing market with increased awareness and use of feed additives in animal nutrition for nutrient absorption and healthy development.

Leading Market Player

5.90 %

market share, SHV (Nutreco NV), 2022

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SHV (Nutreco NV) is the market leader. It has three manufacturing facilities in Brazil and acquired regional players such as Bigsal and Bellman Nutrição Animal.

  • In 2022, amino acids, binders, minerals, probiotics, and prebiotics were the major feed additive types used for livestock feed in South America, which together accounted for 60.8% of the total feed additives market by value.​ 
  • In South America, amino acids accounted for a market value of USD 812.1 million in 2022. Lysine is one of the most vital amino acids required for animal nutrition. Thus, in 2022, it accounted for 38.3% of the South American feed amino acids market by value.​​
  • Macrominerals are the most used feed minerals in the region and accounted for an 88.6% share of the feed mineral market by value in 2022. Macrominerals are essential mineral nutrients that animals must consume in significant amounts. Calcium, chlorine, magnesium, phosphorus, potassium, sodium, and sulfur are included in macrominerals. Due to their high requirement in supporting the immune system and reproductive health of cattle and poultry, macrominerals are majorly used in the region.​
  • In the South American feed acidifiers market, Brazil held the major market share of 58.5% by value in 2022. The high share of Brazil was due to the increase in feed production in the country. For instance, feed production increased from 67.4 million metric tons in 2017 to 76.8 million metric tons in 2022.​
  • During the forecast period (2023-2029), the dairy cattle sub-segment is expected to be the fastest-growing segment in the South American feed binders market, recording a CAGR of 5.0%. Binders boost animal health by reducing livestock diseases, in addition to improving the stability and consistency of feed. Thus, due to the importance of feed additives in animal nutrition, the market is anticipated to grow during the forecast period.​
South America Feed Additives Market
  • South America grew rapidly, recording an 11.9% share of the global feed additives market by value in 2022. Brazil is the leading country, contributing the maximum value to the South American feed additive market in 2022. The fastest-growing segment in Brazil is aquaculture, expected to record a CAGR of 5.2% during the forecast period, followed closely by ruminants, with a CAGR of 4.7%. This growth is largely driven by an 8.5% increase in Brazil's overall livestock population from 2017 to 2022 and the rising exports of meat and meat products.​ 
  • Argentina is the second-largest feed additive country-wise market in South America and is expected to record a CAGR of 4.6% during the forecast period. In 2022, the ruminant segment accounted for the maximum share of 49.3% of the Argentine feed additives market as the population of ruminants continues to increase, thereby increasing consumption.​
  • Chile is the fastest-growing market in South America, which is expected to register a CAGR of 5.2% during the forecast period. Amino acids are the most widely used additives in animal feed in Chile, which accounted for 24.8% of the overall feed additive market by value in 2022. The swine segment is the fastest-growing in the country, and its market share is expected to grow during the forecast period.​
  • The Rest of South America regional segment accounted for 21.0% of the South American feed additive market in 2022, with the poultry segment holding the largest share of 64.8%, followed by swine with a 14.6% share.
  • The South American feed additive market is expected to register a CAGR of 4.6% during the forecast period, driven by the rising use of feed additives to support animals' nutritional requirements and the rapid expansion of meat production.

South America Feed Additives Industry Segmentation

Acidifiers, Amino Acids, Antibiotics, Antioxidants, Binders, Enzymes, Flavors & Sweeteners, Minerals, Mycotoxin Detoxifiers, Phytogenics, Pigments, Prebiotics, Probiotics, Vitamins, Yeast are covered as segments by Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Argentina, Brazil, Chile are covered as segments by Country.

  • In 2022, amino acids, binders, minerals, probiotics, and prebiotics were the major feed additive types used for livestock feed in South America, which together accounted for 60.8% of the total feed additives market by value.​ 
  • In South America, amino acids accounted for a market value of USD 812.1 million in 2022. Lysine is one of the most vital amino acids required for animal nutrition. Thus, in 2022, it accounted for 38.3% of the South American feed amino acids market by value.​​
  • Macrominerals are the most used feed minerals in the region and accounted for an 88.6% share of the feed mineral market by value in 2022. Macrominerals are essential mineral nutrients that animals must consume in significant amounts. Calcium, chlorine, magnesium, phosphorus, potassium, sodium, and sulfur are included in macrominerals. Due to their high requirement in supporting the immune system and reproductive health of cattle and poultry, macrominerals are majorly used in the region.​
  • In the South American feed acidifiers market, Brazil held the major market share of 58.5% by value in 2022. The high share of Brazil was due to the increase in feed production in the country. For instance, feed production increased from 67.4 million metric tons in 2017 to 76.8 million metric tons in 2022.​
  • During the forecast period (2023-2029), the dairy cattle sub-segment is expected to be the fastest-growing segment in the South American feed binders market, recording a CAGR of 5.0%. Binders boost animal health by reducing livestock diseases, in addition to improving the stability and consistency of feed. Thus, due to the importance of feed additives in animal nutrition, the market is anticipated to grow during the forecast period.​
Additive
Acidifiers
By Sub Additive
Fumaric Acid
Lactic Acid
Propionic Acid
Other Acidifiers
Amino Acids
By Sub Additive
Lysine
Methionine
Threonine
Tryptophan
Other Amino Acids
Antibiotics
By Sub Additive
Bacitracin
Penicillins
Tetracyclines
Tylosin
Other Antibiotics
Antioxidants
By Sub Additive
Butylated Hydroxyanisole (BHA)
Butylated Hydroxytoluene (BHT)
Citric Acid
Ethoxyquin
Propyl Gallate
Tocopherols
Other Antioxidants
Binders
By Sub Additive
Natural Binders
Synthetic Binders
Enzymes
By Sub Additive
Carbohydrases
Phytases
Other Enzymes
Flavors & Sweeteners
By Sub Additive
Flavors
Sweeteners
Minerals
By Sub Additive
Macrominerals
Microminerals
Mycotoxin Detoxifiers
By Sub Additive
Binders
Biotransformers
Phytogenics
By Sub Additive
Essential Oil
Herbs & Spices
Other Phytogenics
Pigments
By Sub Additive
Carotenoids
Curcumin & Spirulina
Prebiotics
By Sub Additive
Fructo Oligosaccharides
Galacto Oligosaccharides
Inulin
Lactulose
Mannan Oligosaccharides
Xylo Oligosaccharides
Other Prebiotics
Probiotics
By Sub Additive
Bifidobacteria
Enterococcus
Lactobacilli
Pediococcus
Streptococcus
Other Probiotics
Vitamins
By Sub Additive
Vitamin A
Vitamin B
Vitamin C
Vitamin E
Other Vitamins
Yeast
By Sub Additive
Live Yeast
Selenium Yeast
Spent Yeast
Torula Dried Yeast
Whey Yeast
Yeast Derivatives
Animal
Aquaculture
By Sub Animal
Fish
Shrimp
Other Aquaculture Species
Poultry
By Sub Animal
Broiler
Layer
Other Poultry Birds
Ruminants
By Sub Animal
Beef Cattle
Dairy Cattle
Other Ruminants
Swine
Other Animals
Country
Argentina
Brazil
Chile
Rest of South America
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South America Feed Additives Market Size Summary

The South America Feed Additives Market is experiencing a steady expansion, driven by the increasing demand for enhanced animal nutrition and the rapid growth of meat production in the region. The market is characterized by a diverse range of feed additive types, including amino acids, binders, minerals, probiotics, and prebiotics, which collectively dominate the market landscape. Brazil stands out as the leading contributor to this market, with significant growth observed in the aquaculture and ruminant segments. The country's robust feed production capabilities and rising livestock population further bolster its market position. Argentina and Chile also contribute significantly, with Chile witnessing rapid growth in the swine segment. The poultry industry, particularly in Brazil, plays a crucial role in the market's expansion, supported by the increasing consumption and export of poultry meat.

The aquaculture sector is another key driver of growth in the South American feed additives market, with Brazil and Chile leading in feed production for aquatic species. The region's focus on freshwater cultivation and the rising demand for high-profit-margin species like tilapia and shrimp are contributing to the surge in aquaculture feed production. This trend is expected to continue, supported by the growing need for high-quality protein and export demand. The market is fragmented, with major players like Adisseo, Alltech, Inc., DSM Nutritional Products AG, Evonik Industries AG, and SHV (Nutreco NV) actively participating in strategic acquisitions and product innovations to enhance their market presence.

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South America Feed Additives Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Additive

      1. 1.1.1 Acidifiers

        1. 1.1.1.1 By Sub Additive

          1. 1.1.1.1.1 Fumaric Acid

          2. 1.1.1.1.2 Lactic Acid

          3. 1.1.1.1.3 Propionic Acid

          4. 1.1.1.1.4 Other Acidifiers

      2. 1.1.2 Amino Acids

        1. 1.1.2.1 By Sub Additive

          1. 1.1.2.1.1 Lysine

          2. 1.1.2.1.2 Methionine

          3. 1.1.2.1.3 Threonine

          4. 1.1.2.1.4 Tryptophan

          5. 1.1.2.1.5 Other Amino Acids

      3. 1.1.3 Antibiotics

        1. 1.1.3.1 By Sub Additive

          1. 1.1.3.1.1 Bacitracin

          2. 1.1.3.1.2 Penicillins

          3. 1.1.3.1.3 Tetracyclines

          4. 1.1.3.1.4 Tylosin

          5. 1.1.3.1.5 Other Antibiotics

      4. 1.1.4 Antioxidants

        1. 1.1.4.1 By Sub Additive

          1. 1.1.4.1.1 Butylated Hydroxyanisole (BHA)

          2. 1.1.4.1.2 Butylated Hydroxytoluene (BHT)

          3. 1.1.4.1.3 Citric Acid

          4. 1.1.4.1.4 Ethoxyquin

          5. 1.1.4.1.5 Propyl Gallate

          6. 1.1.4.1.6 Tocopherols

          7. 1.1.4.1.7 Other Antioxidants

      5. 1.1.5 Binders

        1. 1.1.5.1 By Sub Additive

          1. 1.1.5.1.1 Natural Binders

          2. 1.1.5.1.2 Synthetic Binders

      6. 1.1.6 Enzymes

        1. 1.1.6.1 By Sub Additive

          1. 1.1.6.1.1 Carbohydrases

          2. 1.1.6.1.2 Phytases

          3. 1.1.6.1.3 Other Enzymes

      7. 1.1.7 Flavors & Sweeteners

        1. 1.1.7.1 By Sub Additive

          1. 1.1.7.1.1 Flavors

          2. 1.1.7.1.2 Sweeteners

      8. 1.1.8 Minerals

        1. 1.1.8.1 By Sub Additive

          1. 1.1.8.1.1 Macrominerals

          2. 1.1.8.1.2 Microminerals

      9. 1.1.9 Mycotoxin Detoxifiers

        1. 1.1.9.1 By Sub Additive

          1. 1.1.9.1.1 Binders

          2. 1.1.9.1.2 Biotransformers

      10. 1.1.10 Phytogenics

        1. 1.1.10.1 By Sub Additive

          1. 1.1.10.1.1 Essential Oil

          2. 1.1.10.1.2 Herbs & Spices

          3. 1.1.10.1.3 Other Phytogenics

      11. 1.1.11 Pigments

        1. 1.1.11.1 By Sub Additive

          1. 1.1.11.1.1 Carotenoids

          2. 1.1.11.1.2 Curcumin & Spirulina

      12. 1.1.12 Prebiotics

        1. 1.1.12.1 By Sub Additive

          1. 1.1.12.1.1 Fructo Oligosaccharides

          2. 1.1.12.1.2 Galacto Oligosaccharides

          3. 1.1.12.1.3 Inulin

          4. 1.1.12.1.4 Lactulose

          5. 1.1.12.1.5 Mannan Oligosaccharides

          6. 1.1.12.1.6 Xylo Oligosaccharides

          7. 1.1.12.1.7 Other Prebiotics

      13. 1.1.13 Probiotics

        1. 1.1.13.1 By Sub Additive

          1. 1.1.13.1.1 Bifidobacteria

          2. 1.1.13.1.2 Enterococcus

          3. 1.1.13.1.3 Lactobacilli

          4. 1.1.13.1.4 Pediococcus

          5. 1.1.13.1.5 Streptococcus

          6. 1.1.13.1.6 Other Probiotics

      14. 1.1.14 Vitamins

        1. 1.1.14.1 By Sub Additive

          1. 1.1.14.1.1 Vitamin A

          2. 1.1.14.1.2 Vitamin B

          3. 1.1.14.1.3 Vitamin C

          4. 1.1.14.1.4 Vitamin E

          5. 1.1.14.1.5 Other Vitamins

      15. 1.1.15 Yeast

        1. 1.1.15.1 By Sub Additive

          1. 1.1.15.1.1 Live Yeast

          2. 1.1.15.1.2 Selenium Yeast

          3. 1.1.15.1.3 Spent Yeast

          4. 1.1.15.1.4 Torula Dried Yeast

          5. 1.1.15.1.5 Whey Yeast

          6. 1.1.15.1.6 Yeast Derivatives

    2. 1.2 Animal

      1. 1.2.1 Aquaculture

        1. 1.2.1.1 By Sub Animal

          1. 1.2.1.1.1 Fish

          2. 1.2.1.1.2 Shrimp

          3. 1.2.1.1.3 Other Aquaculture Species

      2. 1.2.2 Poultry

        1. 1.2.2.1 By Sub Animal

          1. 1.2.2.1.1 Broiler

          2. 1.2.2.1.2 Layer

          3. 1.2.2.1.3 Other Poultry Birds

      3. 1.2.3 Ruminants

        1. 1.2.3.1 By Sub Animal

          1. 1.2.3.1.1 Beef Cattle

          2. 1.2.3.1.2 Dairy Cattle

          3. 1.2.3.1.3 Other Ruminants

      4. 1.2.4 Swine

      5. 1.2.5 Other Animals

    3. 1.3 Country

      1. 1.3.1 Argentina

      2. 1.3.2 Brazil

      3. 1.3.3 Chile

      4. 1.3.4 Rest of South America

South America Feed Additives Market Size FAQs

The South America Feed Additives Market size is expected to reach USD 4.31 billion in 2024 and grow at a CAGR of 4.61% to reach USD 5.40 billion by 2029.

In 2024, the South America Feed Additives Market size is expected to reach USD 4.31 billion.

South America Feed Additives Market Report Snapshots

South America Feed Additives Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029