Market Size of South America Compound Feed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.80 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Compound Feeds Market Analysis
The South America Compound Feed Market is projected to grow at a CAGR of 4.8% during the forecast period (2020-2025). The growing demand for meat is the major driving force behind the growth of the compound feed market. Increased awareness regarding quality meat and milk products and industrialization in the livestock industry are two other factors augmenting the growth of the compound feed during the forecast period. Brazil dominates the market as it is one of the leading meat producers across the world and also the country is the leading exporter of beef. For instance, according to the ITC Trade, in 2019 Brazil exported 1,356.639 thousand metric tons of frozen beef which was valued at USD 5,610.7 million with a share of 20.3% of the global export as compared to 18.5% the previous year. This is driving the demand for compound feed production in the country. Some of the major players producing compound feed in the region are Cargill Incorporated, Archer Daniels Midland Company, ICC, CCPA GROUP, Nutreco NV, Alltech Inc, and Kemin Industries, Inc.
