Market Size of Mexico Feed Additives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.90 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Feed Additives Market Analysis
The Mexican feed additives market is projected to register a CAGR of 3.9% during the forecast period.
Food safety has become paramount for governments worldwide, especially in North America. Animals often stand in their waste and are under constant stress, affecting their immune system and making them prone to infections. High awareness, the growing demand for animal nutrition, and the ban on antibiotics in many countries are prompting players in the livestock industry and meat manufacturers to use probiotics. Further, the need for increased disease resistance, feed efficiency, and growth of aquatic organisms brought about the use of probiotics, leading to improved feed additives consumption by feed producers.
Over the last few years, processed meat consumption in the country increased severalfold. In addition to domestic consumption, Mexico is one of the top beef exporters to countries such as the United States, Japan, Canada, and South Korea. Countries importing from Mexico are shifting their preference toward organic meat. Due to this, producers are looking for innovative and efficient solutions resulting in increased demand for feed additives to enhance the meat and milk yield to cater to the need.
