Market Size of South America Feed Minerals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Feed Minerals Market Analysis
The South America feed minerals market is projected to register a CAGR of 4.2% during the forecast period 2020-2025. Minerals are additives included in the animal feed for optimal growth, development, overall health, and well-being, and for the prevention of diseases in the livestock. Essential trace elements and minerals that are not adequately produced in the body need to be added in the feed externally for better standards and quality of animal-derived products. Increasing industrialization of livestock production to meet the increasing demand for animal protein sources is driving the greater focus on optimum nutrition of farm animals, and this trend is expected to provide robust growth to the feed minerals market in the region, over the forecast period.
