South America Ruminant Feed Premix Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The South America Ruminant Feed Premix Market is segmented by Ingredient Type (Antibiotics, Vitamins, Antioxidants, Amino Acids, Minerals, and Other Ingredient Types) in countries such as Brazil, Argentina and Rest of South America

Market Snapshot

ruminant feed premix market
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 3.4 %

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Market Overview

The South America Ruminant Feed Premix Market is projected to register a CAGR of 3.4% during the forecast period(2020-2025). The increasing demand for high-value animal protein and declining feed conversion rates are driving the animal feed premix market. Additionally, increasing the production of compound feed and feed additives is driving the market further as feed premixes are the substance used to enhance the nutritional content of the feed. In the studied market, Brazil dominates the market as it accounts for higher feed production driven by increasing meat consumption and production. The South American feed premix market is slightly concentrated with the dominance of a few international players accounting for the major share in the market. Some of the major players operating in the market are Cargill Incorporated, Nutreco, CCPA group, ICC, and Kemin Industries, Inc.

Scope of the report

Feed premix is a uniform mixture of one or more micro-ingredients, such as vitamins, minerals, and amino acids with diluent and/or carrier. Premixes are used to facilitate uniform dispersion of micro-ingredients in a larger mix. The manufacturers supply premixes to assure a regular uniform supply of nutrients to animals to enhance the quality of feed and productivity of the animals.

Ingredient Type
Antibiotics
Vitamins
Antioxidants
Amino Acids
Minerals
Other Ingredients
Geography
Brazil
Argentina
Rest of South America

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Key Market Trends

Increasing Feed Production Drives the Market

The demand for high-quality compound feed from the livestock industry due to increased industrial production of meat and dairy products has triggered an increase in the consumption of the compound feed and feed additives. According to the Food and Agriculture Organisation (FAO), in 2017 the cattle and buffaloes population in the region was 358.17 million that has increased to 358.61 million in 2018. Also, the poultry bird population increased from 2637.36 million to 2684.75 million during the same period. Furthermore, Beef is the highest consumed meat type in Argentina, according to the Organisation for Economic Co-operation and Development (OECD) in 2016 per capita beef and veal consumption was 39Kg that has increased to 39.7 Kg in 2019. Large-scale producers and meat manufacturers use additive premixes to ensure a steady supply of nutrients to the animals, enhance production and performance. Thus, the rise in demand for feed additives is driving the market for feed premixes.

South America Ruminant Feed Premix Market

Brazil Dominates the Market

According to the Brazilian Beef Exporters Association (ABIEC), in 2018, the beef cattle accounted for USD 116.22 billion, 8.3% up on the USD 107.31 billion posted in 2017. The beef cattle GDP thus grew to an 8.7% share of the overall Brazilian GDP. Furthermore, of the 10,959 thousand tons of beef meat produced 2,205.2 thousand tons of meat is exported which is 20.1% of the total beef produced in 2018. The domestic consumption of feed in Brazil is very high as meat production in the country is also high. According to the ITC Trade, in 2016, beef export amounted to 938.3 thousand metric tons which have raised to 1,356.6 thousand metric tons with a value of USD 5,610.76 million in 2019. China and Hong Kong continued to dominate as the top two destinations for Brazil’s beef exports, accounting for 60.8% of total beef shipments in 2019. Thus, the rising meat production coupled with the increasing export market will drive the market for feed during the forecast period.

South America Ruminant Feed Premix Market

Competitive Landscape

Some of the major players are Cargill Incorporated, BASF SE, Archer Daniels Midland Company, CCPA GROUP, ICC, and Nutreco NV. These companies focus on expanding their businesses by adopting various strategies. Moreover, they are increasing their investments in R&D activities for launching new products with better, latest, and new features. For Instance, in 2018 Neovia, acquired Biomix a leading premix manufacturer in Colombia. This allows the company to strengthen its positions on the premix market with a portfolio brand toxibond and biocalcio and gain a significant market position in South America.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Ingredient Type

      1. 5.1.1 Antibiotics

      2. 5.1.2 Vitamins

      3. 5.1.3 Antioxidants

      4. 5.1.4 Amino Acids

      5. 5.1.5 Minerals

      6. 5.1.6 Other Ingredients

    2. 5.2 Geography

      1. 5.2.1 Brazil

      2. 5.2.2 Argentina

      3. 5.2.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 CCPA GROUP

      2. 6.3.2 BASF SE

      3. 6.3.3 Nutreco NV

      4. 6.3.4 Cargill Inc.

      5. 6.3.5 Land O'Lakes, Inc.

      6. 6.3.6 ICC

      7. 6.3.7 Royal Agrifirm Group

      8. 6.3.8 Lallemand Inc.

      9. 6.3.9 Cladan Animal Nutrition and Welfare

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

**Subject to Availability

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Frequently Asked Questions

The South America Ruminant Feed Premix Market market is studied from 2016 - 2026.

The South America Ruminant Feed Premix Market is growing at a CAGR of 3.4% over the next 5 years.

Cargill, Incorporated., CCPA GROUP, BASF SE, ICC, Nutreco NV are the major companies operating in South America Ruminant Feed Premix Market.

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