Market Size of South America Feed Premix 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 Premix Market Analysis
The South American feed premix market is projected to register a CAGR of 4.2% during the forecast period. The increasing demand for high-value animal protein and declining feed conversion rates are driving the animal feed premix market. Additionally, increasing the production of compound feed and feed additives is driving the market further as feed premixes are the substance used to enhance the nutritional content of the feed. In the studied market, Brazil dominates the market as it accounts for higher feed production driven by increasing meat consumption and production. As reported by the Brazilian Beef Exporters Association (ABIEC) in 2018, the beef cattle GDP accounted for USD 119.99 billion, marking an 8.3% up on the USD 110.78 billion in 2017. The South American feed premix market is highly concentrated with the dominance of a few international players accounting for the major share in the market. Some of the major players operating in the market are Cargill Incorporated, Nutreco, CCPA group, ICC, and Kemin Industries, Inc.
South America Feed Premix Industry Segmentation
A premix is a value-added solution to livestock feed consisting of a mixture of requisite vitamins, minerals, diluents, and other nutrients. The increasing demand for high-value animal protein and declining feed conversion rates are driving the South American animal feed premix market. The scope of the premix market includes segmentation based on the type of ingredients such as antibiotics, vitamins, antioxidants, amino acids, minerals, and others and also based on animals into ruminants, poultry, swine, aquaculture, and others. Additionally, the report presents a detailed analysis of the markets based on geography.
| Type | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Minerals | |
| Other Ingredient Types |
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Other Animal Types |
| Geography | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Feed Premix Market Size Summary
The South American feed premix market is experiencing growth driven by the increasing demand for high-value animal protein and improved feed conversion rates. The market is further propelled by the rising production of compound feed and feed additives, which are essential for enhancing the nutritional content of animal feed. Brazil stands out as the dominant player in the region, largely due to its substantial meat consumption and production. The market is characterized by a high concentration of international players, such as Cargill Incorporated, Nutreco, CCPA Group, ICC, and Kemin Industries, Inc., who hold significant shares. These companies are actively involved in the region, leveraging opportunities to expand their presence and enhance their product offerings.
The demand for high-quality compound feed from the livestock industry, driven by increased industrial production of meat and dairy products, is a key factor boosting the feed premix market. The growing cattle population in the region further fuels this demand. Brazil's position as a major meat exporter, with significant exports to countries like China, Hong Kong, and Egypt, underscores the importance of the feed industry in meeting both local and international market needs. This export-driven growth has led to increased investments by leading players in the region, such as the strategic alliance between MiXscience and Salus Group. The market's concentration is evident with major players like Neovia strengthening their positions through acquisitions, such as the purchase of Biomix in Colombia, enhancing their market presence in South America.
South America Feed Premix 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 Porter's Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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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 Antibiotics
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2.1.2 Vitamins
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2.1.3 Antioxidants
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2.1.4 Amino Acids
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2.1.5 Minerals
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2.1.6 Other Ingredient Types
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2.2 Animal Type
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2.2.1 Ruminants
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2.2.2 Poultry
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2.2.3 Swine
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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 Brazil
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2.3.2 Argentina
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2.3.3 Rest of South America
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South America Feed Premix Market Size FAQs
What is the current South America Feed Premix Market size?
The South America Feed Premix 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 Premix Market?
Cargill, Incorporated., Nutreco, CCPA GROUP, ICC and Kemin Industries, Inc. are the major companies operating in the South America Feed Premix Market.
