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Colombia Animal Feed Market - Forecasts from 2025 to 2030

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    Report

  • 98 Pages
  • December 2024
  • Region: Colombia
  • Knowledge Sourcing Intelligence LLP
  • ID: 4767103
Colombia animal feed market is estimated to grow at a CAGR of 3.52%, attaining US$2.76 billion by 2030, from US$2.32 billionin 2025.

Major factors such as the ongoing expansion of the livestock sector, inclusive of swine, cattle, and poultry, coupled with the nation's agricultural and economic environment, are having a significant impact on the Colombian animal feed industry. To maintain and improve the health and productivity of livestock, this growth raises the demand for high-qualityanimal feed.

As per the United States Department of Agriculture's 'Grain and Feed Annual' report issued in March 2023, five percent of imported maize in Colombia is used for human consumption, while the remaining ninety-five percent is used for animal feed. Moreover, ninety percent of local production goes towards the food processing industry, while about ten percent is used for animal feed. Colombia is heavily dependent on imports, and the country's consumption of maize is rising rapidly.

In addition, growing urbanization and population in Colombia increases the need for dairy and meat products and increases the demand for animal feed. The sector is growing as a result of changes in dietary preferences, with a rising amount of people choosing animal-based protein. Furthermore, producers are constantly looking for creative ways to increase productivity and satisfy changing customer requirements. These developments in feed technology and nutritional research are major factors positively impacting the animal feed market in the nation.

Colombia animal feed market drivers

Rising consumption of meat and other animal-based products.

The animal feed market in Colombia is significantly impacted by the rising consumption of meat and other animal-based products. As livestock producers work to fulfill the nutritional needs of a growing and healthy animal population, the increased demand for meat production drives a corresponding rise in the need for animal feed.

For instance, pork consumption is rising in Colombia, which is anticipated to drive up the demand for animal feed, especially specialty formulations to assist swine production. This increase highlights how vital the animal feed business is to meet the dietary requirements of a developing and flourishing pig farming sector. As per the OECD, the consumption of pork has significantly increased in Colombia from 596.434 thousand tons in 2021 to as high as 624.614 thousand tons in the year 2023.

According to the OECD, the consumption of beef has also increased in recent years, making up 651.984 thousand tons in 2023. The previous year's beef consumption was 640.862 thousand tons. This growth is predicted to influence the animal feed market in the nation. Furthermore, Colombia is seeing a rise in the middle class, consistent economic development, and increased protein output, which is driving up demand for feed ingredients. The export of MBM from the United States has a great chance. The poultry industry in Colombia is the biggest user of animal feed, making up over 65 percent of all feed imports in 2022.

Overall, the market for animal feed in Colombia is closely related to changing patterns of consumption and dietary preferences, reflecting the dynamic interaction between agricultural techniques and consumer choices.

Reasons for buying this report:

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
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What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

  • Historical data & forecasts from 2022 to 2030
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Colombia Animal Feed Market is analyzed into the following segments:

By Type

  • Fodder
  • Forage
  • Compound Feed

By Raw Material

  • Soya
  • Canola
  • Rendered Meat
  • Others

By Livestock

  • Swine
  • Aquatic Animals
  • Cattle
  • Poultry
  • Others

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits for Stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. COLOMBIA ANIMAL FEED MARKET BY TYPE
5.1. Introduction
5.2. Fodder
5.3. Forage
5.4. Compound Feed
6. COLOMBIA ANIMAL FEED MARKET BY RAW MATERIALS
6.1. Introduction
6.2. Soya
6.3. Canola
6.4. Rendered Meat
6.5. Others
7. COLOMBIA ANIMAL FEED MARKET BY LIVESTOCK
7.1. Introduction
7.2. Swine
7.3. Aquatic Animals
7.4. Cattle
7.5. Poultry
7.6. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
9.1. Cargill Incorporated
9.2. Ingredion Incorporated
9.3. BASF SE
9.4. Alltech
9.5. Novus International
9.6. DSM
9.7. Bialtec

Companies Mentioned

  • Cargill Incorporated
  • Ingredion Incorporated
  • BASF SE
  • Alltech
  • Novus International
  • DSM
  • Bialtec

Methodology

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Table Information