South America Swine Feed Premix Market is estimated to register a CAGR of 2.01% during the forecast period. Pigs loss due to the outbreak of swine fever in Asian countries such as China caused a surge in the South American swine production, due to the fact that South American countries are some of the major suppliers of swine meat to Asian countries. Therefore increasing swine production in the region has been acting as the prime driver of the market studied.
Key Market Trends
Increasing Swine Production Drives the Market
Pork is one of the most popular meats consumed in South American countries. The increased consumption and export demand caused a boom in the South American swine production industry. According to FAO, the region produced 65.1 million heads of pigs in 2016 increasing to 67.1 million in 2018. Brazil and Argentina are the leading producers of pigs on the continent. Therefore increasing swine production along with the large consumption demand is anticipated to fuel the swine feed premix market further.
Brazil Dominates the Market
Brazil is the third-largest producer of Swine in the world and the largest in South America. According to FAO, the country produced 41.4 million heads of pigs in 2018, which is 1.35 million more than the pigs in 2016. The recent swine fever and flu outbreak caused a significant loss of pigs in China fulling pig farming in Brazil as Brazil is one of the major suppliers of pork meat. Thereby, the rise in domestic consumption of pork meat along with the increased export demand has been acting as a prime driver of the market studied.
Competitive Landscape
The South America swine feed premix market is fragmented with many global and regional players. The major companies are focused on expanding their businesses across regions and setting up new plants for increasing production capacity, as well as product lines. Cargill Inc, Nutreco N.V., Adisseo, and Kemin Industries are the leading players in the region.
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Key Market Trends
Increasing Swine Production Drives the Market
Pork is one of the most popular meats consumed in South American countries. The increased consumption and export demand caused a boom in the South American swine production industry. According to FAO, the region produced 65.1 million heads of pigs in 2016 increasing to 67.1 million in 2018. Brazil and Argentina are the leading producers of pigs on the continent. Therefore increasing swine production along with the large consumption demand is anticipated to fuel the swine feed premix market further.
Brazil Dominates the Market
Brazil is the third-largest producer of Swine in the world and the largest in South America. According to FAO, the country produced 41.4 million heads of pigs in 2018, which is 1.35 million more than the pigs in 2016. The recent swine fever and flu outbreak caused a significant loss of pigs in China fulling pig farming in Brazil as Brazil is one of the major suppliers of pork meat. Thereby, the rise in domestic consumption of pork meat along with the increased export demand has been acting as a prime driver of the market studied.
Competitive Landscape
The South America swine feed premix market is fragmented with many global and regional players. The major companies are focused on expanding their businesses across regions and setting up new plants for increasing production capacity, as well as product lines. Cargill Inc, Nutreco N.V., Adisseo, and Kemin Industries are the leading players in the region.
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:
- Novus International
- Elanco
- Alltech Inc
- ADM Animal Nutrition
- Cargill Inc
- Lallemand Animal Nutrition
- Kemin Industries
- Nutreco
- Adisseo
Methodology
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