Market Size of south america feed additives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 4.31 Billion |
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Market Size (2029) | USD 5.40 Billion |
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Largest Share by Additive | Amino Acids |
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CAGR (2024 - 2029) | 4.61 % |
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Largest Share by Country | Brazil |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South America Feed Additives Market Analysis
The South America Feed Additives Market size is estimated at 4.31 billion USD in 2024, and is expected to reach 5.40 billion USD by 2029, growing at a CAGR of 4.61% during the forecast period (2024-2029).
4.31 Billion
Market Size in 2024 (USD)
5.40 Billion
Market Size in 2029 (USD)
4.44 %
CAGR (2017-2023)
4.61 %
CAGR (2024-2029)
Largest Market by Additive
20.62 %
value share, Amino Acids, 2023
Amino acids is the largest segment due to their benefits, such as improving gut health, promoting muscle development, and providing high protein content. An increase in the animal population in the country also promotes the segment's growth.
Largest Market by Country
56.07 %
value share, Brazil, 2023
Brazil is the largest market because of the increasing livestock population, rising meat and meat product exports, and increasing meat consumption.
Fastest-growing Market by Additive
5.26 %
Projected CAGR, Antioxidants, 2024-2029
Antioxidants is the fastest-growing segment due to benefits such as increasing the shelf life of feed, limiting the production of toxic metabolites, and providing protein.
Fastest-growing Market by Country
5.26 %
Projected CAGR, Chile, 2024-2029
Chile is the fastest-growing market with increased awareness and use of feed additives in animal nutrition for nutrient absorption and healthy development.
Leading Market Player
5.90 %
market share, SHV (Nutreco NV), 2022
SHV (Nutreco NV) is the market leader. It has three manufacturing facilities in Brazil and acquired regional players such as Bigsal and Bellman Nutrição Animal.
- In 2022, amino acids, binders, minerals, probiotics, and prebiotics were the major feed additive types used for livestock feed in South America, which together accounted for 60.8% of the total feed additives market by value.
- In South America, amino acids accounted for a market value of USD 812.1 million in 2022. Lysine is one of the most vital amino acids required for animal nutrition. Thus, in 2022, it accounted for 38.3% of the South American feed amino acids market by value.
- Macrominerals are the most used feed minerals in the region and accounted for an 88.6% share of the feed mineral market by value in 2022. Macrominerals are essential mineral nutrients that animals must consume in significant amounts. Calcium, chlorine, magnesium, phosphorus, potassium, sodium, and sulfur are included in macrominerals. Due to their high requirement in supporting the immune system and reproductive health of cattle and poultry, macrominerals are majorly used in the region.
- In the South American feed acidifiers market, Brazil held the major market share of 58.5% by value in 2022. The high share of Brazil was due to the increase in feed production in the country. For instance, feed production increased from 67.4 million metric tons in 2017 to 76.8 million metric tons in 2022.
- During the forecast period (2023-2029), the dairy cattle sub-segment is expected to be the fastest-growing segment in the South American feed binders market, recording a CAGR of 5.0%. Binders boost animal health by reducing livestock diseases, in addition to improving the stability and consistency of feed. Thus, due to the importance of feed additives in animal nutrition, the market is anticipated to grow during the forecast period.
Understand The Key Trends Shaping This Market
- South America grew rapidly, recording an 11.9% share of the global feed additives market by value in 2022. Brazil is the leading country, contributing the maximum value to the South American feed additive market in 2022. The fastest-growing segment in Brazil is aquaculture, expected to record a CAGR of 5.2% during the forecast period, followed closely by ruminants, with a CAGR of 4.7%. This growth is largely driven by an 8.5% increase in Brazil's overall livestock population from 2017 to 2022 and the rising exports of meat and meat products.
- Argentina is the second-largest feed additive country-wise market in South America and is expected to record a CAGR of 4.6% during the forecast period. In 2022, the ruminant segment accounted for the maximum share of 49.3% of the Argentine feed additives market as the population of ruminants continues to increase, thereby increasing consumption.
- Chile is the fastest-growing market in South America, which is expected to register a CAGR of 5.2% during the forecast period. Amino acids are the most widely used additives in animal feed in Chile, which accounted for 24.8% of the overall feed additive market by value in 2022. The swine segment is the fastest-growing in the country, and its market share is expected to grow during the forecast period.
- The Rest of South America regional segment accounted for 21.0% of the South American feed additive market in 2022, with the poultry segment holding the largest share of 64.8%, followed by swine with a 14.6% share.
- The South American feed additive market is expected to register a CAGR of 4.6% during the forecast period, driven by the rising use of feed additives to support animals' nutritional requirements and the rapid expansion of meat production.
