South America Animal Feed Market Forecast to 2027 – COVID-19 Impact and Analysis - By Form (Pellets, Crumbles, Mash, and Others), and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)
Number of Pages: 75
Market Introduction
South America includes Brazil, Argentina, and the rest of South America. The region is contributing to the growth of animal feed owing to the rise in animal farming. Growing expenditure on nutrition and health, disposable income, and consumer awareness are some of the key factors driving the animal feed market in South America. Moreover, rising investments by major players to optimize supply chain and improve operations are expected to boost the animal feed market growth in the coming years. South America is the fastest-developing market across the world but is less mature and slow compared to other regions in terms of the animal feed market. Chile, Peru, and Brazil are some of the major areas which are driving the growth of the market.
Market Overview and Dynamics
The animal feed market in SAM is expected to grow from US$ 57,619.73 million in 2018 to US$ 76,302.18 Mn by 2027; it is estimated to grow at a CAGR of 3.1% from 2019 to 2027. According to the United Nations, 821 Mn people in 2018 were undernourished. Taking into account all the people in the world affected by moderate levels of food insecurity as well as those who suffer from hunger, it is estimated that more than 2 billion people do not have regular access to sufficient and nutritious food. The World Bank and many private and public companies have made investments in rural and agricultural development to boost nutrition and food production and mitigate food insecurity. The unabated increase in the population has strained the food supply chain and increased the demand for high calorie and protein diet. According to a study by the United Nations, the world will need 70% more food to feed a population of 9.6 billion people. Hence, technological advancements in animal nutrition to improve productivity of farm animals and increase the production of dairy and milk has become paramount to provide adequate nutrition to the world. The need for wholesome food to feed the burgeoning population base presents a lucrative opportunity for the livestock, meat, dairy, and its allied animal feed industry. Animal feed industry is anticipated to receive investments across the globe to aid in balanced nutrition program of animals, which is crucial to supplement the protein and daily nutrition requirements of the world. This is bolstering the growth of the SAM animal feed market.
Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.
Key Market Segments
In terms of form, the pellets accounted for the largest share of the SAM animal feed market in 2018. In terms of livestock, the poultry segment held a larger market share of SAM animal feed market in 2018.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the SAM animal feed market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Archer Daniel Midland Co., Cargill Inc., Charoen Pokphand Foods PLC, Evonik Industries AG, Nutreco NV, and Perdue Farms Inc.
Reasons to buy report
SAM ANIMAL FEED MARKET SEGMENTATION
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 57,619.73 Million |
| Market Size by 2027 | US$ 76,302.18 Million |
| CAGR (2019 - 2027) | 3.1% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Form
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Animal Feed Market is valued at US$ 57,619.73 Million in 2018, it is projected to reach US$ 76,302.18 Million by 2027.
As per our report South America Animal Feed Market, the market size is valued at US$ 57,619.73 Million in 2018, projecting it to reach US$ 76,302.18 Million by 2027. This translates to a CAGR of approximately 3.1% during the forecast period.
The South America Animal Feed Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Animal Feed Market report:
The South America Animal Feed Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Animal Feed Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Animal Feed Market value chain can benefit from the information contained in a comprehensive market report.
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