Brazil Compound Feed Market Size

Brazil Compound Feed Market Analysis

The market for compound feed in Brazil is projected to register a CAGR of 5.1%, during the forecast period.

• The feed segment in Brazil is the third-largest feed sector in the world. This is mainly attributed to the high production of raw materials in the country coupled with the enhanced consumption of meat. The domestic consumption of feed in Brazil is very high as it is a hub for meat production. As corn and soybean meal prices continue to rise and put pressure on the animal feed industry plays a critical role in relieving financial pressure and instability, while ensuring a nutritious and complete diet for the animals. 
• The Brazilian Association of Animal Protein (ABPA) and the Union of Industries of Poultry Products of the State of Paranaa both organizations has sent a list of demands to the federal government of Brazil for asking for immediate support for Brazilian poultry and pork producers as the industry is confronted with a spike in feed prices never seen before in last year soybean prices have increased by 73%, and corn 140% and both are representing about 51% of production costs in poultry farms and the current situation is putting pressure on the industry.
• Some factors driving market are increasing livestock population worldwide, rising widespread of animal diseases, and increased population especially in the developing countries will encourage the growth of the compound feed market in the coming years. In addition to this, increasing demand for good quality dairy and meat products, rapid increase in industrialization and focus of the advancements are other important factors that are anticipated to boost the compound feed market growth.