South America Feed Vitamins Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.40 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Feed Vitamins Market Analysis
The South American feed vitamin market is projected to register a CAGR of 1.4% over the forecast period. Some of the factors driving the market such as industrialization of the livestock industry, expansion of animal meat market, and livestock disease outbreak fuelling additives market. Brazil dominates the market due to the rising livestock population and meat consumption. The feed vitamin market is projected to grow along with the increased feed production, growing animal health concern, and ban on antibiotics use. Companies like Alltech Inc., BASF SE, DSM Nutritional Products AG, and Archer Daniels Midland Co. Guabi Nutrição e Saúde Animal SA, are the major players in the studied market. In March 2020, De Heus has acquired Cerrado Nutrição Animal, a Brazilian cattle nutrition company, having a manufacturing capacity of 50,000 tons a year with a strong presence in the country. This would increase De Heus' production capacity and strengthen the presence.
South America Feed Vitamins Market Trends
This section covers the major market trends shaping the South America Feed Vitamins Market according to our research experts:
Increasing Feed Production Drives the Market
Animals require vitamins, as they are critical for normal body functions, growth, and reproduction. For instance, vitamin A deficiency in adult hens results in reduced egg production. The vitamin deficiency that can be overcome by including vitamin additives in the feed. According to FAO in 2018, the poultry population in South America was 2521.7 million as compared to 2684.7 million in 2016. According to the Alltech feed survey, in 2019 the feed production in Brazil and Argentina has reached 70 million metric tons and 21 million metric tons respectively. In Brazil, broiler feed accounted for 32.1 million metric tons followed by pig feed which accounts for 17 million metric tons. Thus, the growing animal population and increasing compound feed production drive the vitamins market as vitamins are used as feed additives.
Brazil Dominates the Market
According to the Organisation for Economic Co-operation and Development (OECD), poultry meat is the highest consumed in the country, in 2019 the per capita poultry meat consumption 40.3 Kg as compared to 40 Kg in 2016. Rising meat consumption led to shift towards commercial livestock production in the country. According to the Food and Agriculture Organization, in 2018 the poultry bird population in the country was 1383.4 million as compared to 1505.6 million in 2016. Thus, the change in meat consumption trend coupled with the mass production of livestock is driving the inclusion of vitamins in the animal feed to produce quality meat. Additionally, in February 2020, Brazil's Ministry of Agriculture, Livestock, and Supply (MAPA) have prohibited the use of antibiotics such as tylosin, tiamulin, and lincomycin in swine production. This results in the use of other feed additives, one such is vitamins.
South America Feed Vitamins Industry Overview
In the South Africa feed vitamin market, companies are not only competing on the basis of product quality and promotion but are also focused on their strategic moves to hold larger market shares. Companies are investing heavily to develop new products and collaborating and acquiring other companies. This factor is expected to increase its market shares and strengthen R&D activities. Companies like Cargill Incorporated., Alltech Inc., BASF SE, DSM Nutritional Products AG, and Archer Daniels Midland Co. Guabi Nutrição e Saúde Animal SA, are the major players in the South America feed vitamin market.
South America Feed Vitamins Market Leaders
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DSM Nutritional Products AG
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BASF SE
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Alltech Inc.
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Guabi Nutrição e Saúde Animal SA
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Cargill, Incorporated
*Disclaimer: Major Players sorted in no particular order
South America Feed Vitamins Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Force Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Vitamin A
- 5.1.2 Vitamin B
- 5.1.3 Vitamin C
- 5.1.4 Vitamin E
- 5.1.5 Other Vitamins
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5.2 Animal Type
- 5.2.1 Ruminants
- 5.2.2 Poultry
- 5.2.3 Swine
- 5.2.4 Aquaculture
- 5.2.5 Other Animal Types
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5.3 Geography
- 5.3.1 Brazil
- 5.3.2 Argentina
- 5.3.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Competitor Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Cargill Incorporated
- 6.3.2 BASF SE
- 6.3.3 Alltech Inc.
- 6.3.4 DSM Nutritional Products AG
- 6.3.5 Vitafor Nv
- 6.3.6 Purina Animal Nutrition LLC
- 6.3.7 Bactolac Pharmaceutical, Inc.
- 6.3.8 Guabi Nutricao e Saude Animal SA
- 6.3.9 Wilbur-Ellis Holdings, Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19
South America Feed Vitamins Industry Segmentation
Vitamins are supplements included in the animal feeds in small amounts for the overall growth, well-being and performance of the livestock. Deficiency of vitamins can be adverse to the health of the animals and will also lead to a wide range of diseases. Vitamin supplements are considered necessary in animal feeds for all kinds of livestock, and this has traditionally fuelled the animal feed vitamin market. An increase in the demand for quality meat, developing markets, health concerns & disease outbreak in livestock have driven the growth of the market. The scope of this report is limited to vitamins supplied to animals in the form of feed additives and vitamins supplied externally, in the form of premixes are not part of the report scope.
| Type | Vitamin A |
| Vitamin B | |
| Vitamin C | |
| Vitamin E | |
| Other Vitamins | |
| Animal Type | Ruminants |
| Poultry | |
| Swine | |
| Aquaculture | |
| Other Animal Types | |
| Geography | Brazil |
| Argentina | |
| Rest of South America |
South America Feed Vitamins Market Research FAQs
What is the current South America Feed Vitamins Market size?
The South America Feed Vitamins Market is projected to register a CAGR of 1.40% during the forecast period (2024-2029)
Who are the key players in South America Feed Vitamins Market?
DSM Nutritional Products AG, BASF SE, Alltech Inc., Guabi Nutrição e Saúde Animal SA and Cargill, Incorporated are the major companies operating in the South America Feed Vitamins Market.
What years does this South America Feed Vitamins Market cover?
The report covers the South America Feed Vitamins Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Feed Vitamins Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Feed Vitamins Industry Report
Statistics for the 2024 South America Feed Vitamins market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Feed Vitamins analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
