Market Size of South America Ruminant Feed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South American Ruminant Feed Market Analysis
The South America Ruminant Feed market is projected to grow at a CAGR of 3.5% during the forecast period (2020 - 2025). A ruminant feed is fodder that is blended from various raw materials and additives. These blends are formulated according to the specific requirements of the target animal. The ruminant feed is one of the prominent aspects of cattle healthcare since it has a direct correlation with productivity and outcome from animal farming. It plays an important role in improving the cattle digestive system by pH shift and metabolic modification, and secondly, helps in improving and maintaining the growth of animals by providing important nutrients such as amino acids and vitamins. The major drivers for this market include increasing demand for high-value protein, increased awareness regarding the safety of meat and milk products, and increased industrial livestock production. Furthermore, increasing focus on cattle health to prevent disease is further anticipated to boost the demand for ruminant feed in this region during the forecast period.
