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Mexico Animal Feed Market - Forecasts from 2024 to 2029

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    Report

  • 84 Pages
  • February 2024
  • Region: Mexico
  • Knowledge Sourcing Intelligence LLP
  • ID: 5125120

The Mexico animal feed market is evaluated at US$13.47 billion for the year 2022 growing at a CAGR of 6.19% reaching the market size of US$20.511 billion by the year 2029.

As per the USDA Grain and Feed Annual Report published in March 2022, Mexico continues to be a major importer of basic grains. The United States is expected to remain Mexico’s principal supplier due to logistical advantages coupled with existing business relationship benefits. Furthermore, feed consumption of wheat is expected to continue to decline, owing to the relatively higher cost of wheat than alternatives such as corn. At higher consumer incomes, expenditures on cereals and basic crops tend to decrease, while the expenditure on the consumption of poultry, pork, and beef meats, milk, and eggs increases.

Market Drivers

Growing livestock production & meat consumption drive the market growth

Feed represents a notable share of the total cost of the production of broiler meat. Chicken meat and egg consumption are also increasing, due to being affordable in an increasingly price-sensitive market. Also, these sources of protein are increasingly being considered viable and healthy alternatives to beef and pork. Livestock production in Mexico continues to grow because of the vertical integration of farms coupled with better biosecurity measures. Furthermore, beef exports are also expected to increase in Mexico, especially to Asian markets where high-labor, added-value meat products command a price premium. Additionally, the domestic pork industry also continues to grow owing to the consumer preference for more affordable animal proteins. Therefore, with such aforementioned factors that are conducive to Mexico’s animal feed market expansion, it will this market is expected to witness healthy growth during the forecast period.

Key Developments

  • In June 2022: Buhler Group created a joint venture with IMDHER S.A. de C.V., one of the best-recognized players in the Mexican animal feed market. The joint venture expands the offering to Mexican customers with the help of Buhler’s technology solution and IMDHER’s existing assets.
  • In March 2022: Archer Daniels Midland’s pet solution division announced the expansion of its pet food production capacity in Mexico by adding a new production line at the existing Guadalajara pet food. The new operation of the company aims to provide the northern markets of Mexico and Colombia with quality pet food.

Segmentation:

By Type

  • Fodder
  • Forage
  • Compound Feed

By Livestock

  • Aquatic Animal
  • Cattle
  • Poultry
  • Others

By Form

  • Liquid
  • Dry

By Production System

  • Integrated
  • Commercial Mills

By Raw Materials

  • Soya
  • Corn
  • Rendered Meal
  • Others

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key Benefits to the stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. CXO Perspective
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. CXO Perspective
5. MEXICO ANIMAL FEED MARKET BY TYPE
5.1. Introduction
5.2. Fodder
5.2.1. Market Trends and Opportunities
5.2.2. Growth Prospects
5.3. Forage
5.3.1. Market Trends and Opportunities
5.3.2. Growth Prospects
5.4. Compound Feed
5.4.1. Market Trends and Opportunities
5.4.2. Growth Prospects
6. MEXICO ANIMAL FEED MARKET BY LIVESTOCK
6.1. Introduction
6.2. Aquatic Animal
6.2.1. Market Trends and Opportunities
6.2.2. Growth Prospects
6.3. Cattle
6.3.1. Market Trends and Opportunities
6.3.2. Growth Prospects
6.4. Poultry
6.4.1. Market Trends and Opportunities
6.4.2. Growth Prospects
6.5. Others
6.5.1. Market Trends and Opportunities
6.5.2. Growth Prospects
7. MEXICO ANIMAL FEED MARKET BY FORM
7.1. Introduction
7.2. Liquid
7.2.1. Market Trends and Opportunities
7.2.2. Growth Prospects
7.3. Dry
7.3.1. Market Trends and Opportunities
7.3.2. Growth Prospects
8. MEXICO ANIMAL FEED MARKET BY PRODUCTION SYSTEM
8.1. Introduction
8.2. Integrated
8.2.1. Market Trends and Opportunities
8.2.2. Growth Prospects
8.3. Commercial MIlls
8.3.1. Market Trends and Opportunities
8.3.2. Growth Prospects
9. MEXICO ANIMAL FEED MARKET BY RAW MATERIALS
9.1. Introduction
9.2. Soya
9.2.1. Market Trends and Opportunities
9.2.2. Growth Prospects
9.3. Corn
9.3.1. Market Trends and Opportunities
9.3.2. Growth Prospects
9.4. Rendered Meal
9.4.1. Market Trends and Opportunities
9.4.2. Growth Prospects
9.5. Others
9.5.1. Market Trends and Opportunities
9.5.2. Growth Prospects
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Market Share Analysis
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Competitive Dashboard
11. COMPANY PROFILES
11.1. Alltech
11.2. Cargill, Incorporated
11.3. Purina Animal Nutrition (Land O’Lakes)
11.4. Archer Daniels Midland
11.5. BASF SE
11.6. Kent Nutrition Group
11.7. Kemin Industries, Inc.
11.8. DSM
11.9. NOVUS INTERNATIONAL

Companies Mentioned

  • Alltech
  • Cargill Incorporated
  • Purina Animal Nutrition (Land O’Lakes)
  • Archer Daniels Midland
  • BASF SE
  • Kent Nutrition Group
  • Kemin Industries, Inc.
  • DSM
  • NOVUS INTERNATIONAL

Methodology

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Table Information