Press release
Brazil Compound Feed Market Size 2021 Industry Outlook, Top Countries Data, Driving Factors by Manufacturers, Growth and Forecast 2025
The Brazil Compound Feed Market Report provides a study with an in-depth overview, describing the product/industry Scope and elaborating market outlook and status (2021-2025). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Brazil Compound Feed market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.The market for compound feed in Brazil is projected to register a CAGR of 5.1%, during the forecast period.
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Top Companies in the Brazil Compound Feed Market: Alltech, Cargill, Kent Nutrition Group, Land O'Lakes, Purina Animal Nutrition, Tyson Foods (broiler), Smithfield Foods, Industrias Bachoco, and J.D. Heiskell & Co
Industry Updates:
According to the AllTech feed survey, There are around 1,580 feed mills situated in Brazil in 2019. Though the country has lagged in 2018, it has enhanced its feed sector by 3%, in 2019. This is mainly due to the increased grain production and the change of government within the country.
Key Market Trends
Increased Demand For Compound Feed
According to AllTech feed survey, In 2019, the total compound feed production is 70 million metric ton out of which 32.1 million metric ton is for broilers, 17.0 million metric ton for swine, 7.0 million metric ton for layers, 6.2 million metric ton for dairy cows, 2.6 million metric ton for beef, 2.8 million metric ton for pets, 0.59 million metric ton for Equine and 1.2 million metric ton for aqua. The compound feed market in Brazil has faced few challenges in 2018, such as increasing food costs, higher grain prices, and agricultural resources, which are initiated by the United States and China. The tie breaks between the United States and Brazil have affected the compound feed market in Brazil. Demand for the high-quality compound feed from the livestock industry, due to increased industrial production of meat and dairy products has elicited the growth in consumption of compound feed and feed additives. The raw materials used for compound feed production, such as maize, barley, soybean, are used for human consumption and production of ethanol. In this scenario, the feed industry competes with the food industry for raw materials.
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- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for the Brazil Compound Feed market.
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