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Latin America Animal Nutrition Market 2019-2028

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    Report

  • 89 Pages
  • June 2020
  • Region: Latin America
  • Triton Market Research
  • ID: 5067590

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
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
List of Tables
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)
List of Figures
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)

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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