Market Size of South America Feed Minerals Industry
| 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 |
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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 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 Size Summary
The South America feed minerals market is experiencing growth driven by the increasing industrialization of livestock production and the rising demand for animal protein sources. Feed minerals, essential additives in animal feed, are crucial for the optimal growth, health, and disease prevention in livestock. As the demand for livestock products grows, there is a significant focus on enhancing the nutrition of farm animals to improve the quality and standards of animal-derived products. This trend is further supported by the adoption of industrial-scale production facilities, particularly in regions with limited land availability, which necessitates the use of high-quality feed additives. Despite challenges such as sub-par investments by small-scale farmers, government policies are expected to support supply enhancements, thereby boosting the feed minerals market in the region.
The market is characterized by a fragmented landscape with intense competition among global and regional players, as well as local manufacturers. Leading companies are focusing on quality through substantial investments in research and development, aiming to expand their product lines and innovate to maintain their customer base. The rising consumption of meat-based products, the expansion of the processed meat industry, and the growth in meat exports are key factors driving demand for feed minerals. Major players in the market include DSM Animal Nutrition, Cargill, Inc., Nutreco NV, BASF SE, and Kemin Industries, who are actively competing to capture market share through strategic investments and product innovations.
South America Feed Minerals Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Micro minerals
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2.1.2 Macro minerals
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2.2 Animal Type
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2.2.1 Ruminants
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2.2.2 Swine
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2.2.3 Poultry
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2.2.4 Aquaculture
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2.2.5 Other Animal Types
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2.3 Geography
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2.3.1 Argentina
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2.3.2 Brazil
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2.3.3 Rest of South America
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South America Feed Minerals Market Size 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.
