The South America Feed Prebiotics Market is projected to register a CAGR of 8% during the forecast period(2020-2025). The growth in livestock and aquaculture industry coupled with rising meat consumption is driving the demand for animals and aquafeed. According to the Food and Agriculture Organisation (FAO) in 2017 cattle and buffaloes population in South America was 358.17 million heads that increased to 358.61 million in 2018. Also, in 2017, the poultry population was 2637.361 million that reached 2684.75 in 2018. Thus the growing livestock production will create the demand for feed which in turn will impact the growth of the prebiotics market in the region Among all the countries, Brazil has the potential market for feed due to the easy availability of resources required for aquaculture and livestock production. The growing trend is observed among all the segments of the livestock with poultry being just ahead of ruminant and swine in market share. The key players in the market are looking towards various countries of South America for business expansion. The major players in the market are Alltech, Inc., Cargill, Inc., Beneo GmbH, FrieslandCampina Domo, and Beghin Meiji (Tereos S.A.), among others.
Key Market Trends
Rising Feed production Drives the Market
The rising meat consumption has lead to a shift in the mass production of livestock. According to the Food and Agriculture Organisation (FAO) in 2016, the poultry population in Brazil was 1383.4 million which increased to 1505.6 million in 2018. The rising livestock population coupled with the health concern will result in the inclusion of prebiotics in the feed. According to the Alltech feed survey, in 2019 the feed production in Brazil and Argentina has reached 70 million metric tons and 21 million metric tons respectively. In Brazil, broiler feed accounted for 32.1 million metric tons followed by pig feed which accounts for 17 million metric tons. Thus, the growing animal population and increasing compound feed production drive the vitamins market as vitamins are used as feed additives.
Brazil Dominates the Market
Brazil is one of the major countries for feed prebiotics because of increasing meat consumption in the country and large meat export opportunities, especially in the high demand European market. With an increase in per capita income in Brazil, there is an increase in meat consumption, especially poultry and beef meat. According to the Organisation for Economic Co-operation and Development (OECD), in 2019 per capita consumption of poultry meat in the country was 40.3 Kg as compared to 38.3 Kg in 2018.
According to ITC Trade, in 2019 Brazil exported swine meat accounting for USD1,071.5 million as compared to USD 1,471.4 million in 2018. China, Chile, and Russia are some of the major export destinations for Brazil. Regulatory concerns from the European countries are forcing the livestock industry in Brazil to look for better and safe feed raw material and an additive which drives the market for prebiotics.
Competitive Landscape
The South America feed prebiotics market is fragmented with the top global and regional players competing fiercely with the local players. The focus on quality, through extensive investment in product R&D, is the most adopted strategy of the leading players across the world. The major investments are directed toward product-line expansions and the innovation of new products, for expanding the customer base. The major players in the market are Alltech, Inc., Cargill, Inc., Beneo GmbH, FrieslandCampina Domo, and Beghin Meiji (Tereos S.A.), among others. In 2017, Cargill has reached an agreement to acquire Integral Animal Nutrition, a cattle feed producer in Brazil. The acquisition will help the former company to further develop its feed additives product portfolio ranging from Free Choice Minerals to premixes capabilities to better serve customers across the country.
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Key Market Trends
Rising Feed production Drives the Market
The rising meat consumption has lead to a shift in the mass production of livestock. According to the Food and Agriculture Organisation (FAO) in 2016, the poultry population in Brazil was 1383.4 million which increased to 1505.6 million in 2018. The rising livestock population coupled with the health concern will result in the inclusion of prebiotics in the feed. According to the Alltech feed survey, in 2019 the feed production in Brazil and Argentina has reached 70 million metric tons and 21 million metric tons respectively. In Brazil, broiler feed accounted for 32.1 million metric tons followed by pig feed which accounts for 17 million metric tons. Thus, the growing animal population and increasing compound feed production drive the vitamins market as vitamins are used as feed additives.
Brazil Dominates the Market
Brazil is one of the major countries for feed prebiotics because of increasing meat consumption in the country and large meat export opportunities, especially in the high demand European market. With an increase in per capita income in Brazil, there is an increase in meat consumption, especially poultry and beef meat. According to the Organisation for Economic Co-operation and Development (OECD), in 2019 per capita consumption of poultry meat in the country was 40.3 Kg as compared to 38.3 Kg in 2018.
According to ITC Trade, in 2019 Brazil exported swine meat accounting for USD1,071.5 million as compared to USD 1,471.4 million in 2018. China, Chile, and Russia are some of the major export destinations for Brazil. Regulatory concerns from the European countries are forcing the livestock industry in Brazil to look for better and safe feed raw material and an additive which drives the market for prebiotics.
Competitive Landscape
The South America feed prebiotics market is fragmented with the top global and regional players competing fiercely with the local players. The focus on quality, through extensive investment in product R&D, is the most adopted strategy of the leading players across the world. The major investments are directed toward product-line expansions and the innovation of new products, for expanding the customer base. The major players in the market are Alltech, Inc., Cargill, Inc., Beneo GmbH, FrieslandCampina Domo, and Beghin Meiji (Tereos S.A.), among others. In 2017, Cargill has reached an agreement to acquire Integral Animal Nutrition, a cattle feed producer in Brazil. The acquisition will help the former company to further develop its feed additives product portfolio ranging from Free Choice Minerals to premixes capabilities to better serve customers across the country.
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:
- Alltech Inc.
- BASF SE
- Adisseo
- Cargill Inc.
- DuPont
- Beneo GmbH
- Tereos
- Cosucra Groupe Warcoing SA
- Roquette Freres S.A.
Methodology
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