Latin America Animal Feed Additives Market Size by Livestock (Poultry, Aquaculture, Pet), By Product (Vitamins, Amino Acids, Antioxidants, Enzymes, Sweeteners, Flavors, Pigments, Probiotics, Acidifiers) & Forecast, 2021- 2027

Latin America Animal Feed Additives Market Size by Livestock (Poultry, Aquaculture, Pet), By Product (Vitamins, Amino Acids, Antioxidants, Enzymes, Sweeteners, Flavors, Pigments, Probiotics, Acidifiers) & Forecast, 2021- 2027

North America Micronutrient Fertilizers Market Size

Latin America Animal Feed Additives Market size exceeded USD 2.5 billion in 2020 and is estimated to grow at a CAGR of over 5.5% through 2027. Rising awareness of animal feed additives among livestock farmers is projected to drive overall market growth.

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Animal feed additives play an important role in animal nutrition by enhancing the yield & quality of feed and ensures improved animal health & performance. Animal feed suppresses harmful microbes and helps to promote beneficial microorganism’s growth, thus boosting gut health and effective digestive & immunoregulatory mechanism. A rise in financial support for farmers to undertake various agribusinesses, such as livestock and poultry, is likely to raise the demand for cost-effective animal nutrition products, thereby driving the animal feed additives market size in Latin America.

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Furthermore, growing inclination towards the use of natural animal feed additives is another factor propelling the market expansion. Natural animal feed additives, are made of ingredients that are derived from natural bioactive compounds, have a positive impact on animal health and growth. The growing awareness among livestock owners regarding the importance of animal safety and health coupled with growing concerns regarding food quality is estimated to drive the demand for natural animal feed additives over the coming years.

Feed phytogenic is a type of natural feed additives that possess antiviral, antifungal, antioxidative, and antimicrobial properties. They are known for improving livestock productivity through the amelioration of feed properties and enhancing the food quality derived from them. Thus, increasing awareness about this product among local livestock breeders is propelling the market statistics.

Increasing health consciousness among the global population is encouraging people to adopt a healthy lifestyle and incorporate protein-rich foods in their daily diets, thus raising the demand for meat and boosting the livestock sector growth. Moreover, increasing desk-bound lifestyle, hectic schedules, lack of time to cook & consume food, and changing consumption patterns are likely to raise the demand for ready-to-eat & processed meat products, fostering the Latin America animal feed additives market forecasts.

North America Micronutrient Fertilizers Market Analysis

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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.

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Latin America animal feed additives market size from poultry livestock surpassed USD 1 billion in 2020 and is expected to register a CAGR of 5.7% over the projected period. Poultry is healthier and has less calorie content compared to cattle and swine owing to which health-conscious consumers are preferring poultry products in regular diet. Changing consumer perception to healthy lifestyle is also further increasing its demand. This factor is likely to drive the animal feed additives market in the forecast period.

Animal feed additives such as methionine provides important physiological functions to poultry livestock therefore it is widely used in poultry feed which will propel product demand. Methionine is used as a component of body protein which is involved in the growth performance and in the digestive tract development. Moreover, it has a functionality of increasing the muscle mass, feather development as well as enhancing egg production in poultry.

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Brazil animal feed additives market is poised to surpass USD 1.25 billion by 2027. Increasing production of meat & meat products in Brazil is expected to provide significant growth opportunities for the market expansion in the region over the forecast period. The country has been exporting meat to many countries is last few years, China and Hong Kong are the major importer markets for Brazilian beef. Brazil is also the largest producer of halal meat globally.

Brazil is expected to witness considerable growth in the region owing to the rapid growth of the livestock sector in the country. Increasing cattle farming activities in the country due to the availability of vast agricultural land and ample cultivation of grain feedstocks, which are used as raw materials to produce feed additives, are likely to accelerate 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
• 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