South & Central America Feed Premix Market Forecast to 2030 - Regional Analysis - by Type (Vitamins, Minerals, Amino Acids, Antibiotics, Antioxidants, Blends, and Others), Form (Dry and Liquid), and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)

The South & Central America feed premix market was valued at US$ 1.10 billion in 2022 and is expected to reach US$ 1.55 billion by 2030; it is estimated to grow at a CAGR of 4.4% from 2022 to 2030.

Rising Preference for Organic Feed Fuels South & Central America Feed Premix Market

People are becoming more conscious about their health; thus, they prefer consuming organic food as it does not contain pesticides. Organic milk and meat are richer in nutrients such as enzymes, bioflavonoids, and antioxidants. Hence, people prefer organic food and organic meat over the conventional food. This has led to the demand for organic feed to supply organic meat to consumers. Livestock farms, the poultry sector, and animal husbandry have focused on purchasing high-quality organic feed due to the growing demand for organic meat and dairy products.

Conventional feed often contains high amounts of chemicals that hamper meat quality when consumed by animals. Long-term consumption of such meat results in various health disorders. To overcome this issue, manufacturers are developing organic feed that contains no chemical additives. Animals feeding on such feed offer meat that has high nutritional value. Thus, consumers often find organic and natural products as healthier alternatives to conventional products. Consumers are mainly inclined toward organic products, which has encouraged manufacturers to invest heavily in products produced with organic constituents. Furthermore, the better accessibility to infinite information with the help of the internet has made consumers highly aware of their health needs, leading to the increasing demand for organic feed. Thus, the rising preference for organic feed is expected to become a significant trend in the South & Central America feed premix market during the forecast period.

South & Central America Feed Premix Market Overview

In South & Central America, Brazil is one of the largest markets for animal feed, as the country has a flourishing livestock industry. As per the report of Alltech Global, in 2020, the region produced over 100 million metric tons of animal feed. Also, Brazil ranks third in the world with one-third of global animal feed production. High animal feed production boosts the demand for feed premix. Moreover, South & Central America is one of the largest exporters of meat and dairy products globally, and the rising demand for quality meat worldwide is pushing livestock farmers in the region to adopt fortified animal feed, thereby boosting the demand for feed premix. Growing population and increasing per capita income of consumers also accelerate the demand for meat and dairy products, which would increase the livestock farming business in the region in the coming years. Thus, the growing production and consumption of animal feed, coupled with increasing livestock in South & Central America, is expected to proliferate the growth of the South & Central America feed premix market.

South & Central America Feed Premix Market Segmentation

The South & Central America feed premix market is segmented based on type, form, livestock, and country.

Based on type, the South & Central America feed premix market is segmented into vitamins, minerals, amino acids, antibiotics, antioxidants, blends, and others. The blends segment held the largest share in 2022.

By form, the South & Central America feed premix market is bifurcated into dry and liquid. The dry segment held a larger share in 2022.

By livestock, the South & Central America feed premix market is segmented into research poultry, ruminants, swine, aquaculture, and others. The poultry segment held the largest share in 2022.

Based on country, the South & Central America feed premix market is segmented into Brazil, Argentina, Chile, Colombia, and the Rest of South & Central America. Brazil dominated the South & Central America feed premix market in 2022.

Agrifirm Group BV, Archer-Daniels-Midland Co, Cargill Inc, De Heus Voeders BV, Kemin Industries Inc, Koninklijke DSM NV, and Nutreco NV are some of the leading companies operating in the South & Central America feed premix market.