MARKET OUTLOOK
The animal nutrition market in Latin America has been projected to depict growth in terms of revenue, expanding at a CAGR of 5.43% during the forecast years 2019-2028, according to this report. Brazil, Mexico, and Rest of Latin America shape the market in this region.Looking at the strong performance of Brazil’s poultry industry in 2019, the Brazilian Association of Animal Protein (ABPA) forecasts the market to showcase impressive growth in 2020. According to the Center for Advanced Studies on Applied Economics, coronavirus’ impact on agribusiness indicates that the poultry sector in the country is barely impacted; it is expected to meet expectations in jobs and trade. Report data shows that all animal protein products have exhibited positive numbers in February and March. Chicken meat exports were still flourishing, whereas, the sales of eggs achieved historical growth since 2013.
The high demand in both, the domestic and global markets for poultry meat, as well as pork and beef, is attributable for this growth. This shows that the consumers in Brazil have increased their meat consumption during the pandemic. However, it must be noted that, although the consumption has witnessed a surge in this period, the production and export of poultry has declined due to the coronavirus outbreak. Therefore, the Brazilian market for animal nutrition will record moderate growth in the near future.
COMPETITIVE OUTLOOK
The major players that have been studied in this market are BASF SE, Elanco, Novozymes, Church & Dwight Co Inc, Kemin Industries Inc, Nutrien Ltd, and Balchem Inc.Table of Contents
1. Latin America Animal Nutrition Market - Summary
2. Industry Outlook
3. Animal Nutrition Market Outlook - by Product Type
4. Animal Nutrition Market Outlook - by Species
5. Animal Nutrition Market Outlook - by Application
6. Animal Nutrition Market - Latin America
7. Company Profiles
8. Research Methodology & Scope
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Nutrien Ltd
- Kemin Industries Inc
- Novozymes
- Balchem Inc
- BASF SE
- Tata Chemicals Ltd
- Cargill Incorporated
- SHV
- Church & Dwight Co Inc
- DSM
- Elanco
- Alltech
- Evonik Industries AG
Methodology
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