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The South American Swine feed market is segmented by ingredients into cereals, cereal by-products, oilseed meal, oils, molasses, supplements, and others, by supplements into antibiotics, vitamins, antioxidants, amino acids, enzymes, and acidifiers A geographical market analysis covering the top two countries of the region has also been included.
The South America Swine Feed Market is projected to grow at a CAGR of 2.5% during the forecast period (2020-2025). The growing demand for pork meat is the major driving force behind the growth of the swine feed market. Increased awareness regarding quality meat and increased livestock production are two other factors augmenting the growth of the market studied. Though demand for pork remains less in the region than that in the European Union countries and China, consumption has increased in Chile Argentina and Brazil over the years. This has in turn boosted the swine feed market in the region.
Swine feed is prepared from a combination of nutrients, either from plant or animal sources, mainly consisting of soy meal, corn, barley, wheat, sorghum, minerals, vitamins, other micro nutrients and antibiotics. Swine feed is prepared from a combination of nutrients, either from plant or animal sources, mainly consisting of soy meal, corn, barley, wheat, sorghum, minerals, vitamins, other micro nutrients and antibiotics.
|Oil Seed Meal|
|Probiotics & Prebiotics|
|Rest of South America|
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Among the South American countries, Brazil leads to pig production. According to FAO, Brazil's pig stocks went up from 40 million heads in 2016 to 41.4 million heads in 2018. Also, Argentina's pig stocks increased from 5.1 million heads in 2016 to 5.6 million heads in 2018. Pork is cheaper than other meat sources which are a major factor for its high consumption. In Addition, its palatability, fat content, and texture fascinates the consumer. A large middle-class population and changing consumer preference are levitating the pork demand. Thus increased popularity of pork meat in the region is likely to drive the market for swine feed in the forecast period.
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Among the South American countries, Brazil is not only the leading producer but also the leading exporter of live swine. Since pig meat quality is a major criterion in determining export value, Brazilian farmers prefer high-quality feed for growing their pigs. Export value increased from USD 4.2 million in 2017 to USD 6.5 million in 2019, as per ITC Trade Map. Rice bran, broken rice, maize, soya beans, cassava, and vegetables are commonly used in pig feed ingredients in the country. Export of swine is a significant part of the economy in the country and thus, investment of swine feed for producing high-quality hog can be expected to increase further during the forecast period.
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The South America swine feed is fairly concentrated with a few large players acquiring nearly 60% of the market share, 2019. Leading companies are focused on acquiring feed mills and small manufacturing for expansion of the business in local as well as export markets. The leading companies focused on the expansion of the business across the region and setting up a new plant for increasing production capacity as well as for expanding the product lines. The companies are also increasing production capacities of their existing plants.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
5. MARKET SEGMENTATION
5.1 Ingredient Type
5.1.2 Cereals by-products
5.1.3 Oil Seed Meal
5.2 Supplement Type
5.2.2 Amino Acids
5.2.7 Probiotics & Prebiotics
5.3.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Cargill Inc.
6.3.2 Purina Mills Inc.( Land O Lakes )
6.3.3 Alltech, Inc.
6.3.4 Archer Daniels Midland
6.3.5 ForFarmers NV
6.3.6 De Hues
6.3.7 DSM NV
6.3.8 Lallemand Animal Nutrition
6.3.9 Trouw Nutrition (Nutreco NV)
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19