Market Size of Mexico Compound Feed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Compound Feed Market Analysis
The Mexico compound feed market is projected to register a CAGR of 3.5% during the forecast period. According to a survey conducted by the National Institute of Statistics and Geography (INEGI), the annual production value of animal feed manufacturing in the country has significantly increased by USD 4.1 billion in 2017. This growth is strongly driven by the growing pig, cattle, and poultry sector in the country. Poultry is the most developed animal feed livestock subsector in Mexico, driven by high demand for poultry meat and eggs. According to the Mexican feed industry, 40 million metric tons of feed were produced in 2018, about 55% of which was used by the poultry industry. For every million metric tons of chicken meat produced, 72.5% of the cost involved is from the feed. The animal feed is the crucial component in the production of eggs, with 63% of share in the cost of eggs.
