South American Ruminant Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South American Ruminant Feed Market Analysis
The South America Ruminant Feed market is projected to grow at a CAGR of 3.5% during the forecast period (2020 - 2025). A ruminant feed is fodder that is blended from various raw materials and additives. These blends are formulated according to the specific requirements of the target animal. The ruminant feed is one of the prominent aspects of cattle healthcare since it has a direct correlation with productivity and outcome from animal farming. It plays an important role in improving the cattle digestive system by pH shift and metabolic modification, and secondly, helps in improving and maintaining the growth of animals by providing important nutrients such as amino acids and vitamins. The major drivers for this market include increasing demand for high-value protein, increased awareness regarding the safety of meat and milk products, and increased industrial livestock production. Furthermore, increasing focus on cattle health to prevent disease is further anticipated to boost the demand for ruminant feed in this region during the forecast period.
South American Ruminant Feed Market Trends
This section covers the major market trends shaping the South American Ruminant Feed Market according to our research experts:
Growing Demand for Animal Feed
The highest growth for meat consumption is recorded in the South American region because of changing diet patterns, urbanization, rising population, and economic growth. In recent years there is an increasing awareness among the population, regarding the health benefits of protein intake. This brought several changes in dietary habits and consumption patterns, where the shift towards the increased consumption of meat and dairy products has been observed. Owing to this, the production quantity of ruminant meat has shown a positive growth rate of 8.3% from 2016 to 2019. Due to rising health consciousness among consumers, they are focusing on nutritious rich products, derived from cattle that are provided by enriched feed products. This increasing demand for various animal products is imposing a positive impact on the growth of the ruminant feed market in this region.
Brazil Dominates the Market
The Brazilian feed sector is the third-largest feed sector in the world, mainly due to the high amount of raw materials produced in this country and the size of the country. According to Alltech Global Feed survey data, Brazil produced a total of 69.5 million metric tons of animal feed in 2019, of which approximately 14 million metric tons accounted for feed produced for ruminants. The increasing demand for meat protein has triggered the ruminant meat production in the country, which in turn increased the uptake of ruminant feed and is expected to show a healthy growth rate further. Ruminant feed, apart from improving nutritional value, also plays a vital role in the quality improvement of meat and hence, gaining importance in the market. Furthermore, the growing population, increasing per capita consumption of meat, and the increasing adoption of intensive farming methods are the major factors driving the demand for ruminant feed in Brazil.
South American Ruminant Feed Industry Overview
The Ruminant Feed market in South America is consolidated with many players present in the market. There is a presence of key global players in the market such as Cargill, Land O Lakes Inc., ADM, Kemin Industries, and Lallemand animal nutrition. These firms are developing new strategies by significantly investing in Research and development and are coming with new products in this segment to build up a huge presence and gain a strong customer base in the market. For instance, recently in the year 2020, Kemin Industries launched Kessent and CholiGem to widen its Ruminant product portfolio.
South American Ruminant Feed Market Leaders
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Cargill, Incorporated
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ADM
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DSM
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Biomin
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Kemin Industries
*Disclaimer: Major Players sorted in no particular order
South American Ruminant Feed Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Study Deliverables
- 1.3 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 Porters Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Product
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 By Animal Type
- 5.1.1 Dairy Cattle
- 5.1.2 Beef Cattle
- 5.1.3 Other Animal Types
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5.2 By Ingredients
- 5.2.1 Cereals
- 5.2.2 Cakes and Meals
- 5.2.3 Other Ingredients
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5.3 By Geography
- 5.3.1 Brazil
- 5.3.2 Argentina
- 5.3.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Market Share Analysis
- 6.2 Most Adopted Strategies
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6.3 Company Profiles
- 6.3.1 Cargill, Incorporated
- 6.3.2 Alltech
- 6.3.3 ADM
- 6.3.4 Land O Lakes, Inc.
- 6.3.5 DLG Group
- 6.3.6 DSM
- 6.3.7 De Heus
- 6.3.8 Biomin
- 6.3.9 Kemin Industries
- 6.3.10 Kent Feeds
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19
South American Ruminant Feed Industry Segmentation
A ruminant feed is fodder that is blended from various raw materials and additives. These blends are formulated according to the specific requirements of the target animal. They are manufactured by feed compounders as meal type, pellets, or crumbles.
| By Animal Type | Dairy Cattle |
| Beef Cattle | |
| Other Animal Types | |
| By Ingredients | Cereals |
| Cakes and Meals | |
| Other Ingredients | |
| By Geography | Brazil |
| Argentina | |
| Rest of South America |
South American Ruminant Feed Market Research FAQs
What is the current South America Ruminant Feed Market size?
The South America Ruminant Feed Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in South America Ruminant Feed Market?
Cargill, Incorporated, ADM, DSM, Biomin and Kemin Industries are the major companies operating in the South America Ruminant Feed Market.
What years does this South America Ruminant Feed Market cover?
The report covers the South America Ruminant Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Ruminant Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Ruminant Feed Industry Report
Statistics for the 2024 South America Ruminant Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Ruminant Feed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
