Market Size of South America Feed Probiotics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.60 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South America Feed Probiotics Market Analysis
The South America Feed Probiotics Market is projected to register a CAGR of 5.6% during the forecast period 2020-2025. Increasing consumer awareness regarding scientific animal nutrition is the major driving force behind the growth of the probiotic industry. Increase in industrialized livestock production, and the increasing demand for animal-based protein sources are the factors augmenting the growth of the market studied.
South America Feed Probiotics Industry Segmentation
Feed probiotics refer to the probiotics (beneficial micro-organisms) that are incorporated into base mixes and compound forms, with premix producers, farmers, compound feed producers, and base mix and concentrate producers as end consumers. The scope of the report does not include premix-based probiotics.
| Type | |
| Lactobacilli | |
| Bifidobacteria | |
| Others |
| Animal Type | |
| Ruminant | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Others |
| Geography | |
| Brazil | |
| Peru | |
| Chile | |
| Argentina | |
| Rest of South America |
South America Feed Probiotics Market Size Summary
The South America Feed Probiotics Market is experiencing significant growth, driven by increasing consumer awareness of scientific animal nutrition and the rising demand for animal-based protein sources. The shift in dietary habits towards greater consumption of meat and dairy products has heightened the demand for nutrition-rich livestock-derived products, which are supported by enriched feed products. This trend is further fueled by the growing population in South America, which has led to an increased demand for various animal products such as milk, meat, eggs, and dairy. As a result, the usage of feed probiotics has expanded, boosting sales in the animal feed market.
Brazil plays a pivotal role in the South American feed probiotics market, being the third-largest feed sector globally due to its substantial raw material production and expansive size. The country's increasing meat consumption and export demand, particularly to Europe, are key factors propelling market growth. The market is consolidated, with major players like Novozymes, Lallemand Animal Nutrition, and DuPont leading the way. These companies are investing heavily in research and development to introduce innovative products and strengthen their market presence. Notably, the partnership between Novozymes and Adisseo has resulted in the development of Alterion, a probiotic that enhances poultry gut health and feed conversion.
South America Feed Probiotics Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Porters Five Force Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Type
-
2.1.1 Lactobacilli
-
2.1.2 Bifidobacteria
-
2.1.3 Others
-
-
2.2 Animal Type
-
2.2.1 Ruminant
-
2.2.2 Poultry
-
2.2.3 Swine
-
2.2.4 Aquaculture
-
2.2.5 Others
-
-
2.3 Geography
-
2.3.1 Brazil
-
2.3.2 Peru
-
2.3.3 Chile
-
2.3.4 Argentina
-
2.3.5 Rest of South America
-
-
South America Feed Probiotics Market Size FAQs
What is the current South America Feed Probiotics Market size?
The South America Feed Probiotics Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)
Who are the key players in South America Feed Probiotics Market?
Lallemand Animal Nutrition , DuPont, DSM Animal Nutrition & Health, Novus International Inc. and Biomin Gmbh are the major companies operating in the South America Feed Probiotics Market.
