South America Feed Phytogenics Market Size (2024 - 2029)

South America Feed Phytogenics Market Size Summary

The South America Feed Phytogenics Market is experiencing growth driven by the increasing demand for healthy and quality meat outputs, which is propelling the market forward. The region's contribution to the global feed phytogenic market is modest, but the rising production of feed is a significant factor in the industry's expansion. This growth is attributed to the antibiotic-free nature and health benefits of phytogenics in animal feed. Brazil holds the largest market share, while countries like Argentina are anticipated to experience faster growth. The demand for improved feed conversion ratios and antibiotic-free additives from livestock producers is further fueling the need for botanical-based feed additives. The popularity of natural ingredients in pet food and the demand for superior quality meat and dairy products are encouraging producers to explore untapped opportunities in the phytogenic industry.

The market is characterized by a rising demand for higher value animal products, such as meat, eggs, and milk, driven by population growth and changing consumption patterns favoring protein intake. This trend is expected to persist, leading to increased demand for animal products in the region. Farmers are challenged to maintain animal health while keeping feed costs economical, which has led to the growing popularity of phytogenic feed additives as cost-effective solutions to enhance animal performance. Essential oils are particularly favored for their benefits in improving digestion, feed intake, and conversion ratios. The market is highly fragmented, with numerous small and medium-sized companies and a few international players like Cargill, DuPont, and Adisseo. These companies often engage in strategic partnerships, research and development, and mergers and acquisitions to strengthen their market position.