Market Size of brazil feed additives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 2.42 Billion |
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Market Size (2029) | USD 3.03 Billion |
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Largest Share by Additive | Amino Acids |
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CAGR (2024 - 2029) | 4.60 % |
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Fastest Growing by Additive | Acidifiers |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Brazil Feed Additives Market Analysis
The Brazil Feed Additives Market size is estimated at 2.42 billion USD in 2024, and is expected to reach 3.03 billion USD by 2029, growing at a CAGR of 4.60% during the forecast period (2024-2029).
2.42 Billion
Market Size in 2024 (USD)
3.03 Billion
Market Size in 2029 (USD)
4.51 %
CAGR (2017-2023)
4.60 %
CAGR (2024-2029)
Largest Market by Additive
18.07 %
value share, Amino Acids, 2023
The increasing awareness about the health benefits of amino acids and an increase in livestock population are the factors for which amino acids are the largest segment.
Largest Market by Animal
53.92 %
value share, Poultry, 2023
Poultry is the largest segment due to an increase in feed production and an increase in egg production and poultry meat to meet the demand of consumers.
Fastest-growing Market by Additive
5.31 %
Projected CAGR, Acidifiers, 2024-2029
Acidifiers are the fastest-growing segment because they improve feed performance in animal nutrition and decrease the pathogenic organisms and toxic metabolites.
Fastest-growing Market by Animal
5.23 %
Projected CAGR, Aquaculture, 2024-2029
By animals, the aquaculture segment is expected to be the fastest-growing segment because of the rising per capita income and the high consumption of seafood in Brazil.
Leading Market Player
9.39 %
market share, DSM Nutritional Products AG, 2022
DSM is the market leader because it is focused on expanding its product portfolio for beef cattle, and it acquired the brazil based animal nutrition company Prodap.
- In Brazil, amino acids, binders, minerals, probiotics, and prebiotics dominate the livestock feed market. They cumulatively accounted for 60.6% of the total feed additives market in 2022. However, the market experienced a decline in 2020, mainly due to decreased feed production resulting from the impact of the COVID-19 pandemic. The pandemic led to disruptions in supply chains, lockdowns, and physical distancing, causing feed production to decrease by 23.8% in 2020 compared to the previous year.
- Amino acids are a significant contributor to the feed additives market in South America. They accounted for 18.1% of Brazil's feed additives market value in 2022. Among amino acids, lysine is crucial for animal nutrition. It accounted for 39.6% of Brazil's feed amino acids market value in 2022.
- Synthetic binders improve the quality of feed by increasing pellet durability and promoting better digestion and nutrition intake in animals. In 2022, synthetic binders held 62.9% of Brazil's total feed binders market value.
- Poultry was the largest consumer of feed minerals, accounting for 41.5% of Brazil's feed minerals market in 2022, attributed to the country's rising poultry population and feed production, which increased by 9.1% from 2017 to 2022.
- Antioxidants are added to feed to increase its shelf life by preventing lipid peroxidation and oxidative rancidity during production, processing, and storage. The demand for antioxidants is projected to drive the market at a CAGR of 5.2% during the forecast period.
- Despite the challenges faced by the Brazilian feed additives market due to the pandemic, it is expected to rebound and grow in the coming years.
Understand The Key Trends Shaping This Market
