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Data Bridge Market Research analyses that the feed additives market is expected to reach USD 64,582.51 million by 2030, which is USD 36,211.55 million in 2022, registering a CAGR of 7.50% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Global Latin America Feed Additives marketing report provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. The report endows with the complete knowledge and information of rapidly changing market landscape, what is already there in the market, future trends or market expectations, the competitive environment, and competitor strategies that aids in planning the own strategies with which business can outshine the competitors. The widespread Latin America Feed Additives business report contains top to bottom analysis and estimation of various market related factors that plays key role in better decision making.
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Market Definition
Feed additives are those products used in animal nutrition for various purposes such as improving feed quality and the quality of foods of animal origin such as meat, milk, eggs, and fish. Feed additives also helps in improve the health and performance of animals for instance, increasing the digestibility of feed materials.
Some of the major players operating in the feed additives market are:
Drivers
An increase in demand and consumption of livestock-based products such as meat, eggs, dairy & dairy-based products is expected to drive the market growth. Poultry meat is the major driver for the growth of the meat production, because of its high demand, lower product prices and low production cost. Furthermore, increasing awareness regarding the role and dynamics of food nutrients, mainly protein, on overall mental and physical growth and development, increasing trend toward animal-sourced protein in the form of either eggs, meat, or milk. This is expected to drive the usage of feed additives and enhance the market growth.
Antimicrobial compounds are generally included in poultry diets for controlling diseases and promoting growth. As a result, feed manufacturers are adopting natural feed additives compared to antibiotics with the help of modern science. New natural growth promoters include botanical additives such as proper blends of plant or herb extracts. Plant and herbs extracts used as feed additives include different bio-active ingredients such as glycosides, mucilage, saponins, alkaloids, bitters, flavonoids and tannins. Therefore, manufacturers are shifting towards natural growth promoters, eventually driving the market growth during the forecast period.
Opportunities
Rising consumption of dairy products because of their various health benefits and wide applications is anticipated to fuel the demand for feed additives and create lucrative opportunities for market growth during the forecast period. A sudden growth in cattle farming has been witnessed across various regions in Latin America, cattle being the major source of dairy products such as yogurt, milk, cream, butter, and cheese among other in this region. This is expected to propel the demand for the product in the upcoming years.
Surging partnership, collaboration and mergers between market players further offer numerous growth opportunities in the market. For instance, Alltech has announced that they started their partnership with Corey Nutrition to offer new range of feed products in 2020. They will bring innovative and good quality products to the market. With this partnership, the company will generate adequate revenue and enhance their business.
Restraints/ Challenges
Stringent rules and regulations laid by the regulatory authorities regarding the usage of feed additives are expected to hamper the overall growth of the targeted market. Hence, the market players, focused on marketing and selling additives across the Latin America regions, are required to apply the control methods and demonstrate data for the product’s safety and effectiveness, which is anticipated to further detain the market growth during the forecast period.
This feed additives market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the feed additives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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The feed additives market is segmented on the basis of type of additive, lifecycle, form, category, livestock, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type of Additive
Lifecycle
Form
Category
Livestock
End User
The feed additives market is analyzed and market size insights and trends are provided by country, of type of additive, lifecycle, form, category, livestock, and end user as referenced above.
The countries covered in the feed additives market report are Mexico, Colombia, Peru, Ecuador, Guatemala, Costa Rica, Panamá, El Salvador, Honduras, Dominican Republic, Jamaica, Puerto Rico, Brazil, Argentina, Chile, Paraguay, Uruguay and Rest of Latin America.
Brazil dominates the feed additives market in terms of revenue and market share owing to the increasing production of feed additives in this region. For instance, according to the analysis, in 2018 the total production of compound feed in Brazil accounted for 68,700,000 Metric tons while. The feed additives are mainly used in the production of feed to meet the need of livestock reproduction and health management.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The report answers questions such as:
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