The South America feed additive market is estimated to register a CAGR of 4.9% during the forecast period (2020 - 2025). Well developed animal production industry and demand for meat and dairy consumption are the prime drivers of the market whereas the unpopularity of antioxidant feed additives among the farmers in underdeveloped South American countries is the prime restrainer of the market. The market is highly competitive as only a few players exist in the market.
Key Market Trends
Increasing Meat Consumption Drives the Market
The animal production industry in South American countries is largely driven by meat consumers. Demand for healthy meat has been continuously increasing in South America for the last few years. For example, The meat consumption demand was recorded as 2.39 million metric tons in 2017 increasing to 2.47 million metric tons in 2018. Therefore, a climbing meat consumption demand is anticipated to boost the feed antioxidants sales in the coming years.
Brazil Dominates the Market
Brazil holds more than half of the feed antioxidants market share in South America. Well developed animal production industry with huge meat consumption demand determines the feed antioxidants market. The country has one of the largest cattle farming industry with 232 million heads of cattle in 2019. The meat consumption demand was recorded as 19.91 million metric tons in 2017 growing to 20.26 million metric tons in 2018. The increasing animal production industry coupled with the huge domestic consumption demand is anticipated to boost the feed antioxidants market in Brazil.
Competitive Landscape
The South America feed antioxidants market is highly consolidated with a few major players in the market. New product launches, mergers & acquisitions, and partnerships are the major strategies adopted by these leading companies in the market. These companies are also focusing on making an investment in innovations, collaborations, and expansions, in order to increase their market share.
Reasons to Purchase this report:
Key Market Trends
Increasing Meat Consumption Drives the Market
The animal production industry in South American countries is largely driven by meat consumers. Demand for healthy meat has been continuously increasing in South America for the last few years. For example, The meat consumption demand was recorded as 2.39 million metric tons in 2017 increasing to 2.47 million metric tons in 2018. Therefore, a climbing meat consumption demand is anticipated to boost the feed antioxidants sales in the coming years.
Brazil Dominates the Market
Brazil holds more than half of the feed antioxidants market share in South America. Well developed animal production industry with huge meat consumption demand determines the feed antioxidants market. The country has one of the largest cattle farming industry with 232 million heads of cattle in 2019. The meat consumption demand was recorded as 19.91 million metric tons in 2017 growing to 20.26 million metric tons in 2018. The increasing animal production industry coupled with the huge domestic consumption demand is anticipated to boost the feed antioxidants market in Brazil.
Competitive Landscape
The South America feed antioxidants market is highly consolidated with a few major players in the market. New product launches, mergers & acquisitions, and partnerships are the major strategies adopted by these leading companies in the market. These companies are also focusing on making an investment in innovations, collaborations, and expansions, in order to increase their market share.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Adisseo
- Alltech Inc
- ADM Animal Nutrition
- Cargill Inc
- Eurotec Nutrition
Methodology
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