Market By Product Type, Species, Application, And Geography | Forecast 2019-2028
According to Triton, the animal nutrition market in Latin America is expected to proliferate with a CAGR of 5.43% during the forecast period of 2019-2028.
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The countries studied in this market include:
• Brazil
• Mexico
• Rest of Latin America
The absence of regulatory restrictions concerning poultry feed consumption, coupled with the growing demand for superior-quality chicken in Latin America, is expected to escalate the demand for animal nutrients in poultry feed. Additionally, the high level of production of fish such as shrimp & salmon, as well as aquafeed, is expected to augment the market growth.
Moreover, the rising consumption of pork in the region, along with the advent of food manufacturers offering pork-based products, has led to an increased demand for animal feed micronutrients from the pork segment. Over the coming years, these factors are expected to open new avenues for players in this market.
As per Mexico’s Cattlemen’s Association, in June 2019, the average prices for livestock for domestic consumption were an average of 41.3 pesos per kg for heifers and 47.5 pesos per kg for steers. Furthermore, according to the Global Agriculture Information Network, the country’s animal nutrition market is forecasted to experience modest growth over the forecast period. Besides, the breeding herd (beef and dairy) is estimated to continue expansion in 2020.
Chile is a major market for pork in the Rest of Latin America region, showing a significant growth in per capita consumption. Besides, high growth in the feed production in the countries of Paraguay, Bolivia, and Argentina will play a vital role in propelling the growth of the market in this region.
Established in 1961, Kemin Industries offers animal nutrition and gut health products for swine, equines, cattle, and poultry. Its products have applications in livestock production, animal nutrition, and animal farming, among others. NutriCAB, Toxfin, Naturox, LysiPEARL, Aleta, Clostat, ButiPEARL, and Lysoforte are some of the company’s well-known products. Kemin Industries has manufacturing plants in Latin America.
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VIEW REPORT1. LATIN AMERICA ANIMAL NUTRITION MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. MARKET DEFINITION
2.2. PORTER’S FIVE FORCES MODEL
2.2.1. THREAT OF NEW ENTRANTS
2.2.2. THREAT OF SUBSTITUTE PRODUCTS
2.2.3. BARGAINING POWER OF BUYERS
2.2.4. BARGAINING POWER OF SUPPLIERS
2.2.5. COMPETITIVE RIVALRY
2.3. KEY INSIGHTS
2.4. PESTEL ANALYSIS
2.5. MARKET ATTRACTIVENESS INDEX
2.6. MARKET DRIVERS
2.6.1. HIGH DEMAND FOR ANIMAL NUTRITION
2.6.2. INDUSTRIALIZATION OF LIVESTOCK
2.7. MARKET RESTRAINTS
2.7.1. HIGH COST OF ANIMAL NUTRITION INGREDIENTS
2.7.2. COUNTERFEIT PRODUCTS
2.8. MARKET OPPORTUNITIES
2.8.1. INCREASING DISPOSABLE INCOME
2.8.2. SURGING DEMAND FOR MEAT AND ANIMAL-BASED FOOD PRODUCTS
2.9. MARKET CHALLENGES
2.9.1. RISING ENVIRONMENTAL CHALLENGES
3. ANIMAL NUTRITION MARKET OUTLOOK - BY PRODUCT TYPE
3.1. AMINO ACIDS
3.2. VITAMINS
3.3. MINERALS
3.4. ENZYMES
3.5. FISH OILS AND NUTRITION LIPIDS
3.6. EUBIOTICS
3.7. CAROTENOIDS
3.8. OTHER PRODUCT TYPES
4. ANIMAL NUTRITION MARKET OUTLOOK - BY SPECIES
4.1. POULTRY
4.2. SWINE
4.3. RUMINANTS
4.4. PETS
4.5. OTHER SPECIES
5. ANIMAL NUTRITION MARKET OUTLOOK - BY APPLICATION
5.1. ANIMAL FEED MANUFACTURERS
5.2. FARMS
5.3. HOUSEHOLDS
5.4. VETERINARIANS
5.5. OTHER APPLICATION
6. ANIMAL NUTRITION MARKET - LATIN AMERICA
6.1. COUNTRY OUTLOOK
6.1.1. BRAZIL
6.1.2. MEXICO
6.1.3. REST OF LATIN AMERICA
7. COMPANY PROFILES
7.1. NUTRIEN LTD
7.2. KEMIN INDUSTRIES INC
7.3. NOVOZYMES
7.4. BALCHEM INC
7.5. BASF SE
7.6. TATA CHEMICALS LTD
7.7. CARGILL INCORPORATED
7.8. SHV
7.9. CHURCH & DWIGHT CO INC
7.10. DSM
7.11. ELANCO
7.12. ALLTECH
7.13. EVONIK INDUSTRIES AG
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.1.1. OBJECTIVES OF STUDY
8.1.2. SCOPE OF STUDY
8.2. SOURCES OF DATA
8.2.1. PRIMARY DATA SOURCES
8.2.2. SECONDARY DATA SOURCES
8.3. RESEARCH METHODOLOGY
8.3.1. EVALUATION OF PROPOSED MARKET
8.3.2. IDENTIFICATION OF DATA SOURCES
8.3.3. ASSESSMENT OF MARKET DETERMINANTS
8.3.4. DATA COLLECTION
8.3.5. DATA VALIDATION & ANALYSIS
TABLE 1 LATIN AMERICA ANIMAL NUTRITION MARKET 2019-2028 ($ MILLION)
TABLE 2 LATIN AMERICA ANIMAL NUTRITION MARKET BY PRODUCT TYPE 2019-2028 ($ MILLION)
TABLE 3 LATIN AMERICA ANIMAL NUTRITION MARKET BY SPECIES 2019-2028 ($ MILLION)
TABLE 4 LATIN AMERICA ANIMAL NUTRITION MARKET BY APPLICATION 2019-2028 ($ MILLION)
TABLE 5 LATIN AMERICA ANIMAL NUTRITION MARKET BY COUNTRY 2019-2028 ($ MILLION)
FIGURE 1 LATIN AMERICA ANIMAL NUTRITION MARKET 2019-2028 ($ MILLION)
FIGURE 2 LATIN AMERICA ANIMAL NUTRITION MARKET BY AMINO ACIDS 2019-2028 ($ MILLION)
FIGURE 3 LATIN AMERICA ANIMAL NUTRITION MARKET BY VITAMINS 2019-2028 ($ MILLION)
FIGURE 4 LATIN AMERICA ANIMAL NUTRITION MARKET BY MINERALS 2019-2028 ($ MILLION)
FIGURE 5 LATIN AMERICA ANIMAL NUTRITION MARKET BY ENZYMES 2019-2028 ($ MILLION)
FIGURE 6 LATIN AMERICA ANIMAL NUTRITION MARKET BY FISH OILS AND NUTRITION LIPIDS 2019-2028 ($ MILLION)
FIGURE 7 LATIN AMERICA ANIMAL NUTRITION MARKET BY EUBIOTICS 2019-2028 ($ MILLION)
FIGURE 8 LATIN AMERICA ANIMAL NUTRITION MARKET BY CARTENOIDS 2019-2028 ($ MILLION)
FIGURE 9 LATIN AMERICA ANIMAL NUTRITION MARKET BY OTHER PRODUCT TYPES 2019-2028 ($ MILLION)
FIGURE 10 LATIN AMERICA ANIMAL NUTRITION MARKET BY POULTRY 2019-2028 ($ MILLION)
FIGURE 11 LATIN AMERICA ANIMAL NUTRITION MARKET BY SWINE 2019-2028 ($ MILLION)
FIGURE 12 LATIN AMERICA ANIMAL NUTRITION MARKET BY RUMINANTS 2019-2028 ($ MILLION)
FIGURE 13 LATIN AMERICA ANIMAL NUTRITION MARKET BY PETS 2019-2028 ($ MILLION)
FIGURE 14 LATIN AMERICA ANIMAL NUTRITION MARKET BY OTHER SPECIES 2019-2028 ($ MILLION)
FIGURE 15 LATIN AMERICA ANIMAL NUTRITION MARKET BY ANIMAL FEED MANUFACTURERS 2019-2028 ($ MILLION)
FIGURE 16 LATIN AMERICA ANIMAL NUTRITION MARKET BY FARMS 2019-2028 ($ MILLION)
FIGURE 17 LATIN AMERICA ANIMAL NUTRITION MARKET BY HOUSEHOLDS 2019-2028 ($ MILLION)
FIGURE 18 LATIN AMERICA ANIMAL NUTRITION MARKET BY VETERINARIANS 2019-2028 ($ MILLION)
FIGURE 19 LATIN AMERICA ANIMAL NUTRITION MARKET BY OTHER APPLICATION 2019-2028 ($ MILLION)
FIGURE 20 BRAZIL ANIMAL NUTRITION MARKET 2019-2028 ($ MILLION)
FIGURE 21 MEXICO ANIMAL NUTRITION MARKET 2019-2028 ($ MILLION)
FIGURE 22 REST OF LATIN AMERICA ANIMAL NUTRITION MARKET 2019-2028 ($ MILLION)