North America Micronutrient Fertilizers Market Size
Feed Additives for Latin America Animals Exceeding USD 2.5 billion in 2020, market size is expected to rise at a CAGR of over 5.5% until 2027. Rising knowledge among livestock farmers of animal feed additives is expected to boost general industry expansion.
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By increasing the yield and quality of feed and guaranteeing better animal health and performance, animal feed additives are crucial components of animal nutrition. Animal feed helps to encourage the growth of good microorganisms and suppresses bad bacteria, thereby improving gut health and efficient digestive and immunological mechanism. Rising financial support for farmers to run different agribusinesses, including cattle and poultry, would probably increase demand for reasonably priced animal nutrition products, thereby influencing the size of the animal feed additives market in Latin America.
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Latin America Animal Feed Additives Market Size in 2020 | 2.5 Billion (USD) |
| Forecast Period | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR | 5.5% |
| 2027 Value Projection | 3.5 Billion (USD) |
| Historical Data for | 2016 to 2027 |
| No. of Pages | 650 |
| Tables, Charts & Figures | 1,018 |
| Segments covered | Product |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
Moreover, increasing propensity for the use of natural animal feed additives is another element driving the market growth. Made from natural bioactive substances, natural animal feed additives improve animal health and growth by virtue of their components. The demand for natural animal feed additives over the next years is expected to be driven by the growing knowledge among cattle owners about the relevance of animal safety and health combined with increasing worries concerning food quality.
Natural feed additives of the type feed phytogens have antiviral, antifungal, antioxidative, and antibacterial qualities. They are well-known for raising cattle output by changing feed qualities and hence improving the food quality produced from them. Therefore, raising knowledge of this product among nearby cattle ranchers is driving the market figures.
Growing health consciousness among the worldwide population is motivating individuals to choose a good lifestyle and include foods high in proteins in their daily meals, therefore increasing the demand for meat and supporting the expansion of the cattle industry. Furthermore expected to increase demand for ready-to-eat and processed meat products include increasing desk-bound lifestyle, hectic schedules, lack of time to cook and eat food, and changing consumption habits, so supporting the Latin America animal feed additives market projections.
North America Micronutrient Fertilizers Market Analysis
Learn more about the key segments shaping this market
In terms of product, the amino acids segment is expected to exceed USD 1.5 billion, growing at a CAGR of over 5.5% by 2027. Amino acids are building blocks of protein and play an essential role in the nutritional composition of a feedstuff. Proteins in animal nutrition are needed for the growth and regeneration of tissues. These attributes make it essential for utilization in animal feed as additive, which in turn, is anticipated to favor business expansion during the estimated time frame.
Moreover, the increasing efforts by poultry producers to reduce the use of diets containing a high crude protein content will provide ample opportunities for the use of amino acids in animal feed, thereby driving the market size over the forecast period. Poultry producers aim to reduce energy requirements for digesting the crude protein, thereby reducing greenhouse gas emissions.
Lysine is the most widely used amino acid in the diet of poultry and swine as it maintains the desired growth rates and subsequent protein levels within the livestock which is anticipated to boost product demand. The increasing use of supplemental L-threonine in swine, poultry, aquaculture, and pet diets will propel the product demand, thus fostering market outlook.
L-threonine contributes to the growth of skeletal muscle, is part of immune proteins and of several digestive enzymes which plays a major role in the synthesis of purines and glycine; therefore, widely used in animal feed. This factor is increasing its acceptance in the market and propelling in the forecast period.
Addition of flavours in the feed also increases the feed intake of the animals. Feed flavors are also known as palatability modifiers. Livestock animals do not consume feed contaminated with unwanted materials and smells which necessitates the addition of flavours in the feed for the animals. Feed with odd odors and bitter tastes may result in low feed intake, which may directly affect the milk yield and reduce the return on investment.
Latin America animal feed additives market from feed flavors surpassed USD 38.5 million in 2020 and is projected to witness around 5% CAGR through 2027. Feed flavors are essential to enhance feed intake in young animals during the weaning period. Increasing awareness among consumers regarding the effectiveness of flavors in animal feed should augment market demand. The increasing modernization of animal rearing & production technology in emerging nations should stimulate the product demand.
Learn more about the key segments shaping this market
From poultry to cattle, Latin America's animal feed additive market size exceeded USD 1 billion in 2020 and is forecast to post a CAGR of 5.7% over the next years. Health-conscious people are choosing poultry products in regular diet since poultry is healthier and has fewer calorie count than cattle and swine. Changing customer view to a healthy lifestyle also helps to drive demand even more. Over the projection period, this element is probably what drives the market for animal feed additives.
Methionine is one of the animal feed additives used extensively in poultry feed since it offers vital physiological purposes to poultry livestock, hence driving product demand. Considered a component of body protein, methionine is involved in digestive tract development and growth performance. It also increases egg production in poultry and feather development as well as muscle mass in animals.
Looking for region specific data?
By 2027, Brazil animal feed additive market is expected to reach USD 1.25 billion. Rising meat and meat product production in Brazil is predicted to present major development prospects for the market expansion in the country over the forecast period. Although the nation has been exporting meat to several nations, China and Hong Kong are the main markets for Brazilian beef. Last several years Halal meat is also produced most extensively in Brazil worldwide.
The fast expansion of the cattle industry in Brazil is likely to cause significant regional development. The availability of large agricultural land and plenty of grain feedstocks, which are used as raw materials to generate feed additives, will probably drive increasing cattle farming activities in the nation to hasten the market statistics.
North America Micronutrient Fertilizers Market Share
Latin America animal feed additives market share is competitive and comprises various companies such
- ADM
- DSM SE
- BASF SE
- Alltech Inc
- Evonik Industries AG
- Kemin Industries
- Cargill Incorporated
- Dupont
The animal feed additives market competitiveness is projected to surge over the foreseeable timeframe as the leading manufacturers are focusing on various strategies to gain a competitive edge and improve their profit margins.
Latin America animal feed additives market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million, and Volume in Kilo Tons 2016 to 2027 for the following segments
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By Product
- Antioxidant
- Natural
- Synthetic
- Pigments
- Synthetic red
- Natural red
- Synthetic Yellow
- Natural yellow
- Enzymes
- Phytase
- Non-Starch Polysaccharides (NSP)
- Flavors
- Natural
- Synthetic
- Sweeteners
- Natural
- Stevia
- Thaumatin
- Synthetic
- Neotame
- Saccharine
- Natural
- Probiotics
- Lactobacilli
- Bacillus
- Bifidobacterium
- Streptococcus
- Others
- Vitamins
- Vitamin A
- Vitamin C
- Vitamin D
- Vitamin E
- Vitamin K
- Vitamin B1
- Vitamin B2
- Vitamin B6
- Vitamin B12
- Biotin
- Folic acid
- Niacin
- Caplan
- Amino acids
- Tryptophan
- Lysin
- Methionine
- Threonine
- Others
- Acidifiers
- Propionic acid
- Malic acid
- Lactic acid
- Formic acid
- Others
By Application
- Poultry
- Broilers
- Layers
- Turkeys
- Others
- Cattle
- Dairy
- Beef
- Calf
- Others
- Swine
- Pet
- Aquaculture
- Salmon
- Trout
- Shrimps
- Others
- Others
The above information has been provided for the following countries & regions
- Brazil
- Argentina
- Paraguay
- Uruguay
- Peru
- Chile
- Venezuela
- Colombia
- Ecuador
- Mexico
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