According to the latest report by IMARC Group, titled “Latin America Animal Feed Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the latin america animal feed market size. The Latin America animal feed market is expected to exhibit a CAGR of 3.6% during 2022-2027.

Animal feed comprises green grass, hay, straw, silage, seeds, sprouted grains, and cereals with high nutritional value. It also contains rice bran, rice stalks, compressed and pelleted feeds, soybean, canola, cottonseed, and groundnut oil meals or cakes. It is a rich source of carbohydrates, proteins, fats, phosphorus, sulfur, potassium, magnesium, and zinc. It assists in maintaining the proper health of livestock and poultry while increasing the production of milk, meat, and eggs. As it enhances the growth and reproduction of various farm animals and birds, provides them with adequate energy, and improves the distribution of fat and protein in their bodies, the demand for animal feed is rising in Latin America.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

At present, the increasing consumption of protein-rich diets to reduce the occurrence of chronic diseases represents one of the primary factors supporting the growth of the market in Latin America. Besides this, governing agencies in the region are undertaking initiatives to strengthen organic animal husbandry and prevent pathogenic microorganisms and parasites from degrading the quality of animal products. In addition, the rising demand for milk and animal meat among athletes, gym goers, and fitness enthusiasts to build and repair muscle and gain energy is propelling the growth of the market in the region. Apart from this, the increasing utilization of algae-based animal feed to improve the quality of animal meat, milk, and eggs is bolstering the growth of the market in Latin America.

Breakup by Type:

• Fodder

• Forage

• Compound Feed

Breakup by Livestock:

• Swine

• Aquatic Animals

• Cattle

• Poultry

• Others

Breakup by Raw Material:

• Soya

• Canola

• Rendered Meal

• Others

Breakup by Production System:

• Integrated

• Commercial Mills

Breakup by Country:

• Brazil

• Mexico

• Argentina

• Colombia

• Chile

• Others

Competitive Landscape with Key Player:

• Agrosuper S.A.

• BRF S.A.

• Cooperativa Central Aurora Alimentos

• JBS S.A

• Goncalves Tortola S.A.

• Grupo Pilar S.A.

• Industrias Bachoco S.A.B. de C.V.

• Italcol S.A.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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