Report : South and Central America Poultry Feed Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Poultry Type (Layers, Broilers, Turkeys, and Others), Form (Pellets, Crumbles, Mashed, and Others), and Category (Organic and Conventional)
Pellets Segment to Dominate South and Central America Poultry Feed Market during 2019–2028
According to a new market research study on “South and Central America Poultry Feed Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Poultry Type, Form, and Category,” is expected to reach US$ 21,469.34 million by 2028 from US$ 16,822.45 million in 2021. The market is estimated to grow at a CAGR of 3.5% from 2021 to 2028. Rising poultry production is the major factor driving the growth of the South and Central America poultry feed market. However, volatility in raw material prices may hinder the growth of South and Central America poultry feed market. The report provides trends prevailing in the South and Central America poultry feed market along with the drivers and restraints pertaining to the market growth.
Due to travel restrictions and other measures adopted after the onset of the COVID-19 pandemic, there have been delays in shipping of raw materials and feed products in the South and Central America. Due to the economic crisis associated with the COVID-19 pandemic, Argentina's chicken export to numerous countries have decreased. According to the Poultry and Products Annual report by the US Department of Agriculture (USDA), chicken meat export increased by 1.9 % in Argentina in 2021.
The South and Central America poultry feed market is segmented into poultry type, form, category, and country. Based on poultry type, the South and Central America poultry feed market is segmented into broilers, layers, turkeys, and others. In 2020, the broilers segment accounted for the largest revenue share. Based on category, the South and Central America poultry feed market is segmented into organic and conventional. In 2020, the conventional segment accounted for the largest revenue share. Based on form, the South and Central America poultry feed market is segmented into pellets, crumbles, mashed, and others. In 2020, the pellets segment accounted for the largest revenue share. On the basis of country, the South and Central America poultry feed market is segmented into Brazil, Argentina, and rest of South and Central America. Brazil accounts for largest market share in the 2020.
ADM; Alltech.; Cargill, Incorporated.; Charoen Pokphand Foods PCL; De Heus Animal Nutrition.; and SHV Holdings; are among the leading companies in the South and Central America poultry feed market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Cargill launched poultry feed with essential oils for healthy flocks and maximized egg production. The new products Nutrena and NatureWise formulas will boost the overall wellness and productivity of backyard chickens. The natural essential oils present in the feed will promote egg weight, size and production, enhanced palatability, and a fresh aroma.
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