Market Size of South America Feed Prebiotics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Feed Prebiotics Market Analysis
The South America Feed Prebiotics Market is projected to register a CAGR of 8% during the forecast period(2020-2025). The growth in livestock and aquaculture industry coupled with rising meat consumption is driving the demand for animals and aquafeed. According to the Food and Agriculture Organisation (FAO) in 2017 cattle and buffaloes population in South America was 358.17 million heads that increased to 358.61 million in 2018. Also, in 2017, the poultry population was 2637.361 million that reached 2684.75 in 2018. Thus the growing livestock production will create the demand for feed which in turn will impact the growth of the prebiotics market in the region Among all the countries, Brazil has the potential market for feed due to the easy availability of resources required for aquaculture and livestock production. The growing trend is observed among all the segments of the livestock with poultry being just ahead of ruminant and swine in market share. The key players in the market are looking towards various countries of South America for business expansion. The major players in the market are Alltech, Inc., Cargill, Inc., Beneo GmbH, FrieslandCampina Domo, and Beghin Meiji (Tereos S.A.), among others.
