Latin America Feed Additives Market Future Prospects Forecast To 2028

Precision Business Insights published a research report on "Latin America Feed Additives Market: By Product Type (Antibiotics, Antioxidants, Acidifiers, Vitamins and minerals, Enzymes, Amino acids, Binders), By Species (Poultry, Swine, Aquatic, Ruminants, Others), By Formulation Type (Liquids, Solids, Others) - Global/Region/Country Forecast to 2028"

Animal feed additives are significant in animal nutrition because they improve feed yield and quality, as well as animal health and performance. Animal feed suppresses dangerous germs while promoting the growth of good microorganisms, resulting in improved gut health and a more effective digestive and immunoregulatory system. Increased financial support for farmers to engage in various agribusinesses, such as cattle and poultry, is expected to increase demand for cost-effective animal nutrition products, pushing the Latin American animal feed additives market size.

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The market is being pushed by increased awareness about the quality of meat and dairy products, as well as an increase in consumption of meat and exports in the country. The country's demand for feed additives is being fueled by the country's industrialisation of meat production. The primary demand driving drivers in the market are the rising demand for meat as well as other animal-based goods, the development of the processed meat sector, and the increase in meat exports. Brazil dominates the market due to increased meat production and more export opportunities as demand for meat products rises. Companies in the researched region are employing various methods to obtain market share, having recognised the opportunity in the feed additives industry.

The global Latin America Feed additives market is categorized in terms of type of form, additive, category, lifecycle, livestock, and end user. In terms of type of additive, the Latin America feed additives market is segmented into enzymes, feed acidifiers, amino acid, probiotics, mycotoxin detoxifiers, vitamins, preservatives, flavors and sweeteners, phytogenic, nitrogen, carotenoids, trace minerals, antioxidants and others. On the basis of form, the Latin America feed additives market is segregated into powder/dry and liquid. On the basis of category, the Latin America feed additives market is bifurcated into organic and conventional. On the basis of lifecycle, the Latin America feed additives market is fragmented into grower feed, finisher feed, starter feed and brooder feed. On the basis of livestock, the Latin America feed additives market is categorized into ruminants, poultry, swine and others. On the basis of end user, the Latin America feed additives market is divided into contract manufacturers, feed manufacturers, livestock producers and others.

Brazil has the biggest market share in the Latin America feed additives market due to the highest rate of feed production, which accounts for approximately 45.7 percent of the market, and the use of feed additives in feed production, which has led to their dominance in the market. For example, according to data provided by everything about Feed, total compound feed output in Brazil was 65,700,000 metric tonnes in 2018, whereas total compound feed production in Mexico was roughly 35,600,000 metric tonnes. Feed additives are primarily utilised in the feed manufacturing process to meet the needs of livestock breeding and health management.

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There are several industry players working in the Latin America Feed Additives Market, which include Nutreco N.V. (The Netherlands) Koninklijke DSM N.V. (The Netherlands) BioResource International, Inc. (Brazil) Novus International Inc. (U.S) Novozymes (Novo Holdings A/S) (Denmark) BASF SE (Germany) Kemin Industries (U.S) Archer Daniels Midland Company (U.S) Cargill Inc. (U.S)

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