The South & Central America corn and wheat-based feed market was valued at US$ 21.18 billion in 2022 and is expected to reach US$ 31.48 billion by 2030; it is estimated to register a CAGR of 5.1% from 2022 to 2030.
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 investing heavily in corn and wheat-based feed products produced with organic constituents. Also, they are developing organic products that contain no chemical additives. Owing to all these factors, the rising preference for organic feed is expected to become a significant trend in the South & Central America corn and wheat-based feed market during the forecast period.
Rising Preference for Organic Feed Fuels South & Central America Corn and Wheat-Based Feed Market
Animals who consume organic food offer meat that has high nutritional value. Organic milk and meat are rich in nutrients such as enzymes, bioflavonoids, and antioxidants. Hence, health-conscious consumers prefer organic food and organic meat over conventional food as it does not contain pesticides. Due to the growing demand for organic meat and dairy products, livestock farms, the poultry sector, and animal husbandry have focused on purchasing high-quality organic corn and wheat-based feed to supply organic meat to consumers.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 investing heavily in corn and wheat-based feed products produced with organic constituents. Also, they are developing organic products that contain no chemical additives. Owing to all these factors, the rising preference for organic feed is expected to become a significant trend in the South & Central America corn and wheat-based feed market during the forecast period.
South & Central America Corn and Wheat-Based Feed Market Overview
The country's booming poultry and pork industries drive the demand for corn and wheat-based feed in Brazil. With abundant land and favorable climatic conditions, Brazil has become a significant player in global meat production, particularly for poultry and pork products. Brazil is the fourth largest producer of pork in the world, supplying 4.4m tons of high-quality meat (2020), a fifth of which is exported to 70 countries. Also, Brazil is the second-largest chicken meat producer in the world after the United States. As the country continues to expand its meat exports and meet the growing demand for protein-rich food in domestic and international markets, the demand for corn and wheat-based feed will most likely surge.South & Central America Corn and Wheat-Based Feed Market Segmentation
- The South & Central America corn and wheat-based feed market is categorized into product type, livestock, and country.
- Based on product type, the South & Central America corn and wheat-based feed market is bifurcated corn-based and wheat-based. The corn-based segment held a larger market share in 2022. The corn-based segment is further sub segmented into corn gluten meal, corn gluten feed, and other corn-based feed. The wheat-based segment is further sub segmented into wheat gluten, wheat bran, and other wheat-based feed.
- In terms of livestock, the South & Central America corn and wheat-based feed market is categorized into poultry, ruminants, swine, aquaculture, and others. The poultry segment held the largest market share in 2022.
- By country, the South & Central America corn and wheat-based feed market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America corn and wheat-based feed market share in 2022.
- Agrana Beteiligungs AG, Archer Daniels Midland Company, Associated British Foods Plc, BENEO GmbH, International Nutritionals Ltd, and Roquette Freres SA are some the leading companies operating in the South & Central America corn and wheat-based feed market.
Market Highlights
- Based on product type, the South & Central America corn and wheat-based feed market is bifurcated corn-based and wheat-based. The corn-based segment held 90.7% market share in 2022, amassing US$ 19.22 billion. It is projected to garner US$ 28.45 billion by 2030 to register 5.0% CAGR during 2022-2030. The corn-based segment is further sub segmented into corn gluten meal, corn gluten feed, and other corn-based feed. The wheat-based segment is further sub segmented into wheat gluten, wheat bran, and other wheat-based feed.
- In terms of livestock, the South & Central America corn and wheat-based feed market is categorized into poultry, ruminants, swine, aquaculture, and others. The poultry segment held 44.8% share of South & Central America corn and wheat-based feed market in 2022, amassing US$ 9.48 billion. It is anticipated to garner US$ 13.76 billion by 2030 to expand at 4.8% CAGR during 2022-2030.
- This analysis states that Brazil captured 54.3% share of South & Central America corn and wheat-based feed market in 2022. It was assessed at US$ 11.50 billion in 2022 and is likely to hit US$ 17.16 billion by 2030, registering a CAGR of 5.1% during 2022-2030.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America corn and wheat-based feed market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the South & Central America corn and wheat-based feed market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America corn and wheat-based feed market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. South & Central America Corn and Wheat-Based Feed Market Landscape
5. South & Central America Corn and Wheat-Based Feed Market - Key Market Dynamics
6. Corn and Wheat-Based Feed Market - South & Central America Analysis
7. South & Central America Corn and Wheat-Based Feed Market Analysis - by Product Type
8. South & Central America Corn and Wheat-Based Feed Market Analysis - by Livestock
9. South & Central America Corn and Wheat-Based Feed Market - Country Analysis
10. Competitive Landscape
11. Company Profiles
12. Appendix
List of Tables
List of Figures
Companies Mentioned
Some of the leading companies in the South and Central America Corn and Wheat-Based Feed market include:- Agrana Beteiligungs AG
- Archer Daniels Midland Company
- Associated British Foods Plc
- BENEO GmbH
- International Nutritionals Ltd
- Roquette Freres SA
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 72 |
| Published | August 2024 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 21.18 Billion |
| Forecasted Market Value ( USD | $ 31.48 Billion |
| Compound Annual Growth Rate | 5.1% |
| No. of Companies Mentioned | 6 |
